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Hilo Mining Announces Geophysical Survey Results at Champ
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2023) - Hilo Mining Ltd. (TSXV: HILO) ...
About this update from Grit Metals Corp.
[{"type":"text","content":"Hilo Mining Announces Geophysical Survey Results at ChampVancouver, British Columbia--(Newsfile Corp. - February 7, 2023) - Hilo Mining Ltd. (TSXV: HILO) (\"Hilo Mining\" or the \"Company\") is pleased to announce the results of the 2022 Induced Polarization (\"IP\") survey at its 100% owned Champ precious metals project (the \"Champ Property\"), located in the West Kootenays near Castlegar, British Columbia.SJ Geophysics Ltd. completed 6.5-line km of 3D IP surveying centred on the Dirty Jack showing. The Dirty Jack is a zone of massive sulfide fracturing and disseminated sulfides in calc-silicate altered rocks with historic grab sampling highlights of 5.16 g/t gold.The IP survey was successful in highlighting a series of parallel northwest-trending linear resistivity lows adjacent to the Dirty Jack showing, in addition to a linear east-northeast chargeability high and associated resistivity low to the south. These two geophysical features were distinct to a minimum of 100 metres of depth.\"The maiden exploration program has resulted in a number of exploration targets at our Champ Property,\" commented Jeremy Poirier, CEO of Hilo Mining. \"Both the northwest and east-northeast anomalies highlighted by the recent geophysical survey in addition to other high-grade gold targets may be the subject of future exploration programs.\"The Champ Property is a precious metal project hosting two historic showings and multiple gold-in-soil anomalies identified during the 2017 and 2018 exploration programs completed by Golden Independence Mining Corp. The Dirty Jack and Champ showings are described as follows:The Dirty Jack showing consists of massive sulfide fractures and disseminated sulfides in calc-silicate altered rocks. Preliminary exploration results include historical high-grade grab samples up to 5.16 g/t Au in addition to parallel northwest-trending soil and geophysical anomalies which suggest mineralization may continue along strike.The Champ showing is a zone of quartz veining and stockwork associated with a granitic to more mafic intrusive rocks. Preliminary exploration results include high-grade historical grab samples of up to 3.5 g/t Au in addition to several soil geochemical anomalies. Additional showings were located during previous exploration campaigns, one of which returned a grab sample of 0.65 g/t Au and 24 g/t Ag warra...