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Outback Goldfields Announces Exploration Program In Victorian Goldfields
VANCOUVER, BC, Jan. 13, 2021 /CNW/ - Outback Goldfields Corp. (the "Company" or "Outback") (CSE: OZ) is pleased to announce the commencement of a Phase 1 explor
About this update from Valkea Resources Corp
[{"type":"text","content":" VANCOUVER, BC, Jan. 13, 2021 /CNW/ - Outback Goldfields Corp. (the \"Company\" or \"Outback\") (CSE: OZ) is pleased to announce the commencement of a Phase 1 exploration program on its highly prospective gold projects located in the historic Victorian goldfields of Australia. Highlights of the Phase 1 Drill Program 4,000 meters of diamond drilling planned Community engagement initiatives are underway Multiple ground and airborne-based geophysical surveys and soil geochemical surveys planned \"We are excited to commence a significant exploration program in the heart of the prolific Victorian goldfields. The primary objective of Phase 1 across the project portfolio is gold discovery via systematic target generation followed by drill testing. Outback has the premier package of tenements both proximate and adjacent to the Fosterville mine. Our technical team is eager to initiate exploration using modern methods\" stated Chris Donaldson, CEO. Details of Exploration programs Two of Outback's four key assets in the Victorian goldfields will be subject to significant exploration programs starting in Q1 of 2021. Glenfine The Glenfine project is centered on a 30 km section of the north-trending, crustal-scale Avoca fault which juxtaposes Cambrian rocks of the Stawell zone to the west with Ordovician rocks of the Bendigo zone to the east. On the west side of the fault the property is underlain by a 20 km long by ~1 km wide, north-trending, Cambrian aged basalt dome termed the Glenfine Dome where widely spaced historic drilling along its eastern and western margins have outlined numerous occurrences of gold mineralization hosted near the basalt and meta-sediment contact (Figure 1). High-grade quartz reef-hosted gold mineralization has also been drilled at two primary target areas, the British Banner and Glenfine targets. Previous operators intersected numerous intervals of significant gold mineralization such as 3.8 metres of 9.0 grams per tonne (g/t) Au with 1.3 metres of 23.4 g/t Au in hole CCD01 at British Banner and 3.8 metres of 5.7 g/t Au with 0.8 metres of 21.0 g/t Au in hole PFD031 at Glenfine (see EL5344 2018 and EL5434 2016 Annual Reports*). Based on a 3D compilation of all available historic drill hole data, gold mineralization is considered open along strike and at depth at both prospects. A signific...