Business
Makara Mining To Conduct 2,000 Meter Drill Program On Rude Creek Gold Project, Yukon
VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Makara Mining Corp. (CSE:MAKA)(FSE:MK0)(OTC PINK:MAKAF) ("Makara" or the "Company") is pleased to announce that it
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[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Makara Mining Corp. (CSE:MAKA)(FSE:MK0)(OTC PINK:MAKAF) (\"Makara\" or the \"Company\") is pleased to announce that it will be conducting a 2,000 meter reverse-circulation (\"RC\") drill program on the Rude Creek Gold Project (\"Rude Creek\" or the \"Project\") in the White Gold region of the Yukon, Canada. Commencement of drilling is anticipated for mid-August and the program is fully funded. Highlights A robust RC drill program will follow up encouraging soil sample results (up to 1,167 ppb Au) and coincident ground geophysical anomalies at the NE prospect, Rude Creek (see news release dated July 27th, 2020) 2,000 metres in up to 20 holes ranging in depth from 100m to 150m Midnight Sun Drilling Inc. (\"Midnight Sun\") has been retained to carry out the drill program in mid-August, 2020 Details of the Drill Program Rude Creek hosts an orogenic gold occurrence that has strong geological similarities to Newmont's nearby Coffee Creek gold deposit. This year's fieldwork at Rude Creek will focus on the large NE prospect, consisting of a 1,000m by 1,600m gold-in-soil anomaly. As announced on July 27th, 2020, recent close-spaced, follow-up soil sampling at the NE prospect returned a strong 150m by 300m gold-in-soil anomaly (open to the south) with values up to 1,167 ppb Au. RC drilling will total 2,000 metres within up to 20 holes (ranging in depth from 100m to 150m). The focus of the drilling will be to test the northwest trend identified by recent soil sampling. The northern end of this trend was initially drilled in 2019, returning 9.15m of 1.42 g/t gold and 20 g/t silver (ROY-RC-19-09); however, the rest of the trend remains untested. Midnight Sun has been retained for the 2000-meter RC drilling program at Rude Creek. Midnight Sun is an experienced, Yukon-based drill contractor with expertise in fly-in, reverse circulation drilling. Jean Pautler, of JP Exploration Services Inc., will inspect the drill program and update the technical report (NI 43-101 compliant) based on work conducted at Rude Creek in 2020. Ms. Pautler is an experienced Yukon-based geologist with experience within the White Gold region and the Dawson Range, including with the Rude Creek project. Regional Development Rude Creek is situated 12 kms southeast of the large tonnage Casino copper-gold deposit, owned by West...