Business
Gold Tree Resources Completes First Exploration Program at Skygold Project
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2022) - Gold Tree Resources Ltd. (CSE: GTX) ("Gold Tree" or the "Company") is pleased to announce r
About this update from Live Energy Minerals Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 19, 2022) - Gold Tree Resources Ltd. (CSE: GTX) (\"Gold Tree\" or the \"Company\") is pleased to announce results from the initial exploration program on its Skygold Project located in the Cariboo region of central British Columbia (the \"Property\"). New sampling has identified a highly anomalous concentration in till heavy mineral concentrate (HMC) of up to 420.79 g/t gold (Table 1) in Sample SG-22-TIL-04, collected to the northeast of Frost Lake (Figure 2). The new results extend the existing gold in till anomaly \"B\" up ice and expand the pre-existing anomaly \"B\" to approximately 1,600 metres by 1,100 metres (Figure 2). Anomaly \"B\" is now composed of both pristine and reshaped gold in till anomalies identified by the Company in 2019, including pristine grain samples up to 4.58 g/t gold in sample SGHM-19-20, and 180 pristine grains in sample SGHM-19-19. Adrian Smith, CEO of Gold Tree commented, \"We are pleased to see additional till samples with elevated gold values which reconfirms our belief that there could be one or more source areas for the anomalous gold within the project area.\" Figure 1: Photomicrograph of selected modified and reshaped gold grains from SG-22-TIL-04. Note scale bar lower right. Figure 2: Plan view map of till sample locations and associated anomalies Detailed analysis of the sample material identified alongside the pristine gold grains in till can help to identify a potential source on the Property in the up-ice direction from the location of the samples. Potential sources include a currently un-discovered felsic intrusion that shows weak to pervasive epidote-actinolite alteration. Additional regional scale faulting identified through geological mapping and airborne magnetic data forms a direct correlation with anomaly \"B\" which also presents a favorable environment for gold deposition. Sample SG-22-TIL-04 was composed of grains that were both modified and reshaped (Figure 1) indicating potential further distance to source than the adjacent samples suggesting multiple potential sources of gold within the Property. Further work is currently being considered by the Company in order to better define the potential source of the gold grains. Table 1: Gold Grain in Till Summary 2022 Sample Number Number of Visible Gold Grains Nonmag HM...