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Showcase Minerals Provides Drill Program Results from Dixie Flats-North Star Project in Nevada
Calgary, Alberta--(Newsfile Corp. - June 27, 2024) - Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) ("Showcase" or the "Company") is pleased to announce drill re
About this update from Showcase Minerals Inc
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - June 27, 2024) - Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) (\"Showcase\" or the \"Company\") is pleased to announce drill results from the two completed holes at their Dixie Flats-North Star Gold Project in Elko County, Nevada. The 2024 drill program was conducted in Section 18 of T 31N R 54E Hole DF24-01 and was completed to 373.4 meters at an azimuth of 300˚and dip of -55˚. This first hole was designed to test for gold mineralization along a fault parallel and west of the Dark Star Fault northern extension (Figure 1). The fault is normal and down dropped to the east. In addition, gold mineralization at the Webb Formation-Devils Gate Limestone was targeted. Section 18 lies at the intersection between a northwest-oriented Emigrant fault zone or corridor, and a north-northeast fault zone that extends at least to the Dark Star Deposit owned by Orla Mining Ltd. This area was chosen for initial drilling because all the previous drill holes with mineralization on Showcase land occur within section 18, and due to its proximity to the Dark Star Fault Extension. Recent Leapfrog modeling by Rangefront Mining Services highlighted these zones. Figure 1 shows the project area and generalized geology of the Emigrant area. A grade cutoff of 0.20 g/t gold at the Emigrant Mine is shown in red. The geology of Section 18 and hole DF23-01 is typical of the Rain-Emigrant Subdistrict. Alluvium and volcanic tuff and sediments overlie Mississippian age Melandco Formation sandstone previously named Chainman Formation (Ressel et al. 2015), Webb Formation siltstone and shale, and Devonian age Devils Gate limestone. DF23-01 is in the hanging wall of the hereto named East Spring Fault. In contrast, North Bullion, South Bullion, and Darkstar gold mineralization is hosted in rocks that do not occur in the northern Dixie Flat property but may occur further to the south on the Showcase claims under volcanic cover. In Section 18, gold intercepts occur in the foot wall of this fault which is a horst block at the Melandco-Devils Gate contact. Previous drilling indicates the Webb Formation is very thin or absent across the top of the horst. Intercepts here are typically less than 15 metres and gold grades are less than 0.30 g/t. Like the Emigrant and Rain deposits, the mineralization occurs as silicified breccia at the top ...