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Gold’n Futures Adds New Claims to Hercules Gold Property in the Beardmore-Geraldton Gold Camp, Ontario
VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) -- GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the "Company” or “Gold’n Future
About this update from Gold'n Futures Mineral Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) -- GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the \"Company” or “Gold’n Futures”) is pleased to report it has acquired by staking 5 multi-cell claims totaling 82 units located in the Castlewood Lake Area of the Thunder Bay North District of Ontario. The new claims are contiguous with the northeastern portion of the Hercules property and cover an area of approximately 1,312 hectares (“ha”). The new staking in combination with the original Hercules claims increases the project area to more than 10,000 ha. With the additional claims, Gold’n Futures has strategically protected the northern and northeastern portion of the Kaby Lake Intrusive Complex (the “KLIC”) and its contact with metamorphosed felsic and mafic volcanic rocks. This is an important contact as the Hercules gold zones are associated with northeastern contact of the Elmhirst Lake Intrusive Complex (“ELIC”). The KLIC is approximately 2.5 kilometers northeast of the main gold zones of the Hercules gold project and is similar in age and composition to the ELIC. Within the KLIC and adjacent volcanic units, there are known mineral occurrences. Within the mafic volcanics there is an area of sulphide mineralization where historical drilling in 1988 by Duration Mines Ltd. and later in 2010 by Kodiak Exploration Ltd. tested a number of nickel – copper occurrences. In the central part of the Company’s newly staked claims and near the northern contact of the KLIC, a 1986-1987 basal till sampling program, undertaken by the Ontario Geological Survey and Geological Survey of Canada, yielded a sample with 4 gold grains. Significantly, areas associated with known gold deposits such as the Sturgeon River Gold mine and Dik-Dik mine also produced gold grains in basal till from the same sampling program. The results of this program were published in the Ontario Ministry of Northern Development and Mines Map P-3105 – Gold Grains in Surface Till Samples, Beardmore-Geraldton Area. “We are pleased to have staked these claims over a significant section of the Kaby Lake Intrusive Complex, thereby adding to the regional potential of the Hercules property. These claims protect a potentially important area of geological structures and gold anomalies that may host another suite of high-grade gold oc...