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Golden Birch Resources Provides Exploration Update Fourth Prospect Defined at Everi-Urua
TIMMINS, ON / ACCESSWIRE / November 10, 2020 / Golden Birch Resources Inc. (CSE:GBRX) ("Golden Birch", "GBRX" or the "Company") is pleased to provide an update
About this update from Loyalist Exploration Limited
[{"type":"text","content":" TIMMINS, ON / ACCESSWIRE / November 10, 2020 / Golden Birch Resources Inc. (CSE:GBRX) (\"Golden Birch\", \"GBRX\" or the \"Company\") is pleased to provide an update on the drill rig mobilization and definition of a fourth exploration prospect Everi-Urua at the Keveri Project in Papua New Guinea (\"PNG\"). SUMMARY AND HIGHLIGHTS Newly acquired CS 1000 drill rig mobilized on October 7, 2020 from Burnie Port, Tasmania has arrived in Port Moresby, PNG November 6, 2020; After clearing customs, the rig will be transported to a supply depot at Moreguina village located a short distance by helicopter to the project; Anticipated drill program to begin by mid-December 2020; Collaboration with local timber company that holds the timber permits in the region to coordinate logistics for access road construction. Completion of access road now estimated early 2021; Work has begun on the upgrade of the Waki exploration camp using workers from nearby villages; Discovery of copper and gold mineralization in outcrop and float at the Everi area (\"Everi\") from reconnaissance surveys carried out in mid 2019 and June 2020; Compilation and review of historic exploration carried out by Papuan Precious Metals Ltd (\"PPM\") completed in August 2020; Everi discovery extends historic Urua Prospect (\"Urua\") further south; Rock samples from Everi assayed up to 5.13% copper (\"Cu\") from sample #109313 and 8.45 g/t gold (\"Au\") from sample #109132 in separate outcrop and float samples respectively; See table 1 for complete rock sample assays. Table 1: Selected Everi-Urua Prospect rock sample assays Date Sample No UTM East UTM North Type Au g/t Ag g/t Cu % Mo ppm 4/7/2019 109093 699447 8906057 Float 0.231 3.6 2.290 4 4/7/2019 109094 699450 8906075 Float 0.202 4.7 2.780 7 4/7/2019 109095 699436 8906073 Outcrop 0.472 5.5 3.970 4 4/7/2019 109096 699444 8906080 Outcrop 0.342 9 1.770 7 4/7/2019 109097 699438 8906073 Outcrop 0.521 11.2 4.730 3 4/7/2019 109132 699591 8905881 Float 8.45 <0.5 0.160 1 1/06/2020 109306 699841 8905994 Float 0.328 4.4 2.880 1 1/06/2020 109307 699813 8905929 Float 0.205 0.5 0.897 <1 3/06/2020 109313 699464 8906051 Outcrop 0.374 16.4 5.130 22 Note: Exploration at Everi-Urua is at an early stage and the reader is cautioned that all assay values from in situ outcrop and rock float samples are selective in nature and are not represe...