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OUTBACK COMMENCES RECONNAISSANCE DRILLING AT YEUNGROON
OUTBACK COMMENCES RECONNAISSANCE DRILLING AT YEUNGROON Canada NewsWire VANC...
About this update from Valkea Resources Corp
[{"type":"text","content":"\n \n \n \n OUTBACK COMMENCES RECONNAISSANCE DRILLING AT YEUNGROON\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 29, 2023\n \n \n /CNW/ -\n \n Outback Goldfields Corp\n \n . (the \"\n \n Company\n \n \" or \"\n \n Outback\n \n \") (TSXV: OZ) (OTCQB: OZBKF) is pleased to announce the commencement of reconnaissance-style drilling across the highly prospective O'Connors target at its Yeungroon gold project, in the Victorian gold fields of\n \n Australia\n \n .\n \n \n \"\n \n We are excited to kick-off this drill program at Yeungroon. The overarching goal for this phase of drilling is to expand on our highly encouraging geochemical results from our first phase of drilling across the recently identified O'Connor's target\n \n ,\" commented\n \n Chris Donaldson\n \n , President & CEO. \"\n \n Drilling will cover an interpreted strike-length of over 3 kilometers and should form the basis for additional drilling, which may include deep diamond drilling. The portable air-core rig together with almost real-time geochemical results will allow us to get to that decision point relatively soon\n \n .\"\n \n \n \n Yeungroon Exploration\n \n \n \n Drilling at Yeungroon is focused on the western side of the project across the newly identified, northerly trending O'Connor's structural corridor that is spatially coincident with an open-ended, high-arsenic geochemical anomaly (see Company news release dated\n \n October 19\n \n \n th\n \n , 2022). Arsenic (e.g., 10-100 ppm) is a proven pathfinder for gold mineralization in the Victorian gold fields and can also form broad zones of elevated values peripheral to gold-bearing quartz-reefs.\n \n \n A highly-portable, truck-mounted air-core drill rig is being used to map and sample the top of bedrock below clay-rich and geochemically leached red soil cover. Over 120 holes are planned across three east-west lines with an average depth of 15 metres. Holes will be spaced 100 metres apart testing a north-south extent of over 3.0 kilometres. Rock-chip samples...