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Gold’n Futures Mineral Corp. Prepares for 2021 Drilling Season and Announces Private Placement of Units and Flow Through Shares
VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the "Company” or “Gold’n Futu
About this update from Gold'n Futures Mineral Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the \"Company” or “Gold’n Futures”) is pleased to report its progress and plans for the 2021 exploration and drilling season on the Hercules project in the Greenstone gold camp in northern Ontario, Canada (the “Hercules Project”). As stated in the Company’s news release of March 24, 2021, the Company has commenced its work on the Hercules Project, beginning with the geological and geophysical modeling of the known gold zones and across the property. The Gold’n Futures team has obtained the substantial database containing the Hercules Project’s technical information and has taken steps in preparing its initial analyses. Much of the historical work completed on the Hercules Project has been summarized in the National Instrument 43-101 report titled, “A TECHNICAL REVIEW AND MINERAL RESOURCE ESTIMATE OF THE HERCULES PROPERTY, ELMHIRST AND RICKABY TOWNSHIPS, ONTARIO, CANADA FOR KODIAK EXPLORATION LIMITED”, prepared by Watts, Griffis and McQuat Limited (\"WGM\") and dated May 26, 2010 (the “WGM Report”). The WGM Report derived its resource estimation from a database comprised of 407 drillholes totalling 90,300 metres (“m”) and 173 trenches. The resource estimate defined in the WGM report is historical in nature and should not be viewed as a current resource estimate. Relevant data not included in the WGM Report are: Pre-2005 historical drilling and trenching samples completed prior to the work of Kodiak Exploration Limited (\"Kodiak\") where locations of the hole collars and surface samples may have been uncertain; and, The sample results from 90 additional drill holes completed after the WGM Report was authored, totaled 15,580.7 m of core and with 7,946 samples taken. Table 1, shown below, contains some of the notable intersections of these later 90 holes. The Company strongly believes that the above noted missing data, which amounts to about 20 - 25% of all Hercules Project exploration, could lead to an underestimation in the WGM Report as it relates to the potential resources of the Hercules Project. With much of the claims’ group still to be properly explored, Gold’n Futures’ exploration team is looking to make full use of all available results of the early exploration, coupled with the 2010 – 90...