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CORRECTION FROM SOURCE: Summer Drill Program Supports Potential for High-Grade Silver at Carlin-Roop
This press release corrects and replaces certain information in a press release disseminated December 16, 2022 at 11:35am. EST OTTAWA, ON / ACCESSWIRE / Decembe
About this update from Mayo Lake Minerals, Inc.
[{"type":"text","content":" This press release corrects and replaces certain information in a press release disseminated December 16, 2022 at 11:35am. EST OTTAWA, ON / ACCESSWIRE / December 19, 2022 / Mayo Lake Minerals Inc. (Mayo or Company) (CSE:MLKM) is pleased to announce the results of the Company's 2022 summer diamond drill program at its Carlin-Roop silver discovery in the Keno Hill Silver District, Yukon. The 2022 results, in combination with results of earlier exploration and diamond drill holes (DHHs) from 2020 and 2021, have intersected structures containing above background silver in combination with evidence of fracturing, faulting, alteration and mineralization (silver structures) over the 550m± long Carlin West silver in soil zone (zone). Part of the Carlin West zone, measuring 120m by 60m in area, is characterized by silver values greater than 30g Ag/t (1oz Ag/t). The 120m length can be extended to a total length of 220m to the southeast (Fig. 1) by decreasing the silver content of soils to ≥20g Ag/t (zone's core). Grades from drill core matching assays of up to 994g Ag/t and 662g Ag/t from grab samples1 along the northeast part of the Carlin West zone have not been recovered from silver structures, which vary from 0.5m to 22m in length. The Company believes that this is most probably because intersections of mineralized core with poor recovery were commonly adjacent to higher grade intercepts in most DDHs in that sector. Those holes drilled in the southeast part of the zone's core, with the exception of one hole, were not adequately positioned enough to intersect the zone's core within the highly receptive Keno Hill Quartzite (KHQ). The recently delineated 240m by 55m AJ zone, 400m to the north of Carlin West, as yet to be drilled is characterized by highly anomalous silver in soils and grab samples running between 179g and 412g Ag/t. 2022 diamond drilling and detailed soil sampling A total of 1,070 metres of diamond drilling was completed in eight DDHs focused on the Carlin West zone as delineated from prospecting, soil geochemistry, geophysics and the results from four DDHs drilled in 2020 and 2021. The 2022 DDHs intersected structures along the southwest flank of the recently expanded Carlin West core zone. Of special note is that detailed soil sampling was only completed after the 2022 drill campaign (see press release Oct 25, 2022). ...