Gold79 Expands Land Position, Conducts Geological Mapping and Rock-Soil Geochemical Surveys at the Tip Top Gold Project, Nevada

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[{"type":"text","content":"Gold79 Expands Land Position, Conducts Geological Mapping and Rock-Soil Geochemical Surveys at the Tip Top Gold Project, NevadaOttawa, Ontario--(Newsfile Corp. - September 29, 2020) - Gold79 Mines Ltd. (TSXV: AUU) (\"Gold79\" or the \"Company\") is pleased to announce it has significantly increased the size of the Tip Top Gold Project, Nevada with the staking of 121 new claims. This new staking has expanded the land position at Tip Top from 22 claims (173 hectares) to a total of 143 claims covering approximately 1,062 hectares (Figure 1).Figure 1. Location of the Tip Top project showing both the original and expanded land positions.To view an enhanced version Figure 1, please visit:https://orders.newsfilecorp.com/files/5717/64776_f9fde5bf245a79cd_001full.jpgGeological mappingGeological mapping of the Tip Top mine area has identified a broad zone, up to 80 metres wide, of northeast-trending quartz-chalcedony veining hosted by silicified volcanic rocks (Figure 2). The broad zone of veining can be traced for about 500 metres northeast from the mine where it appears to pass below a diffuse zone of quartz veinlets hosted by clay-altered (quartz-illite) volcanic rocks and local silicification. This mineralized zone has been historically drill tested (including 26.9 g/t Au over 1.6m and 19.8 g/t Au over 2.4m, Hecla Mining, 2001) in close proximity to the Tip Top mine. Recent mapping has also identified additional zones of strong quartz veining and hydrothermal breccias in the footwall of the Tip Top mine which have not been drill tested and a broader zone of gold mineralization is suspected. The combination of 'high-level' vein textures, alteration products and shallow gold intercepts in the historical drilling suggest that this epithermal gold system has suffered minimal erosion. This is also supported by the widespread presence of mercury workings throughout the district. Mapping has also revealed likely extensions of the epithermal system both to the northeast and southwest although they are widely concealed by talus (overburden) or high-level alteration (clay and opalite). The scale of the system extends well beyond the original 22 claims which prompted the recently completed claim staking (Figure 1) which now envelops the broad (1km), northeast-trending corridor of hydrothermal alteration and quartz veining.Figure 2. New Prelimina...

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