Business
Outback Goldfields Updates Shareholders on Exploration Activities at Yeungroon and Reports Final Results from Drill Holes at Glenfine
VANCOUVER, BC, Oct. 26, 2021 /CNW/ - Outback Goldfields Corp. (the "Company" or "Outback") (CSE: OZ) is pleased to provide an update on drilling activities at i
About this update from Valkea Resources Corp
[{"type":"text","content":" VANCOUVER, BC, Oct. 26, 2021 /CNW/ - Outback Goldfields Corp. (the \"Company\" or \"Outback\") (CSE: OZ) is pleased to provide an update on drilling activities at its Yeungroon project and to report the final results from its recently completed drill program on its Glenfine project, central Victoria, Australia. \"We are excited to update shareholders on drilling progress at our Yeungroon project, located in the heart of the Victorian Goldfields. A diamond drill rig is currently in operation and focused on investigating the extent of high-grade gold mineralization historically mined at the Golden Jacket mine. Most holes to date have intersected zones of quartz veining with locally high sulfide contents. Drill core samples are being rushed for analysis and additional drill holes are planned,\" commented Chris Donaldson, CEO. A rotary air based (\"RAB\") drill has been mobilized on site to commence a systematic program of drilling along and across the strike-extent of the property-scale Golden Jacket fault. Over 1,800 metres of RAB drilling has been completed to date and geochemical results from top-of-bedrock samples will help guide future diamond drilling. Results have also been received from the Company's final holes at the multi-rig drill program at Glenfine. The program was focused on evaluating the continuity of gold mineralization within a significant corridor of prospective geology between the Reef 2 and Glenfine South prospects. Outback's Ballarat-based technical team successfully completed the program while dealing with multiple government-issued lockdowns and analytical delays. Chris Donaldson stated, \"the most recent results from the Company's step-out holes demonstrate the high-potential of the corridor for additional reef-hosted gold targets. Together with our previously reported drill results that confirmed strong grade continuity within Reef 2 suggest that additional drilling is warranted to fully evaluate the resource potential of this exciting trend. Highlights Seven diamond drill holes have been completed at Yeungroon: Drilling is systematically testing the down-dip and along-strike potential of the Golden Jacket reef, host to the historic high-grade Golden Jacket mine. A large property-scale RAB drill program has commenced: RAB drilling is targeting top-of-bedrock across the property to focus future ...