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Gold'n Futures Reports Update on Its Brady Gold Project in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Gold'n Futures Mineral Corp. (...
About this update from Gold'n Futures Mineral Corp.
[{"type":"text","content":"Gold'n Futures Reports Update on Its Brady Gold Project in NewfoundlandVancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Gold'n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC Pink: GFTRF) (the \"Company\" or \"Gold'n Futures\") reports that it has executed a termination agreement respecting the sale of 90% of the Company's interest in the Brady Gold Project (the \"Brady Project\"). The Brady Project is located in central Newfoundland and in the same geological belt as the famous Queensway Project of New Found Gold Corp. \"Our Brady Property is Gold'n Futures' beachhead in an important developing gold camp. The project hosts a significant gold zone that occurs on the Dog Bay Line, a regional structural feature known for its association with major gold discoveries. Just as we have done to expand the potential of our Hercules Project, the Company is planning a comprehensive program to assess the historical gold resource and to design a program that should best drive forward the Brady's economics. In these times of rising gold prices, holding and developing assets like the Brady Project will surely benefit our shareholders,\" commented Stephen Wilkinson, President and CEO.The Brady Gold ProjectThe Project is located 50 kilometers (\"km\") south of the town of Grand Falls - Windsor in central Newfoundland and is approximately 2 km west of the New Found Gold Corp. - Queensway gold project boundary. The Brady property comprises two mineral licenses covering approximately 950 hectares within which the Reid Gold Zone is the main area of historical exploration and known mineralization.The Reid Gold Zone is classified as an intrusion-hosted style of gold mineralization. Several episodes of diamond drilling totaling 30 diamond drill holes and 6,350 meters (\"m\") of core have defined the zone over a strike length of 300 m, a width of 250 m and to a vertical depth of 225 m and the zone is reportedly open along strike and to depth.The last reported diamond drilling on the Reid Gold Zone was in 2011 when Golden Dory Resources Corp. completed an additional 2,638.54 m of core in eight holes (BO-11-23 to 30) and extended BO-09-16 by an additional 147.08 m as the hole had been terminated in mineralization in 2009. The program was reportedly successful and encountered some of the best grades drilled to date including BO-11-25 whic...