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GOLD79 Further Consolidates its Gold Chain Land Position with Agreement for Tyro Patented Claims and Provides Sampling Results
Ottawa, Ontario--(Newsfile Corp. - September 27, 2021) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB:...
About this update from West Point Gold Corp.
[{"type":"text","content":"GOLD79 Further Consolidates its Gold Chain Land Position with Agreement for Tyro Patented Claims and Provides Sampling ResultsOttawa, Ontario--(Newsfile Corp. - September 27, 2021) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (\"Gold79\" or the \"Company\") is pleased to announce that it has completed a Definitive Lease and Option to Purchase Agreement for the Tyro Group patented claims and results of initial sampling from the Tyro claims. The claims, covering 57.4 acres, are immediately northeast of the Banner patented claims (Figure 1). The Tyro claims were subject to historical mining as recently as the 1980's (Figure 2) and our initial work has yielded positive gold results. Mr. Derek Macpherson, President & CEO stated, \"The Tyro claims contain another highly prospective exploration target for the Company which we plan to test with the current drill program. The ~1 km northeast-trending structure has yielded impressive results from initial sampling and is a high-priority drill target for Gold79.\" Mr. Macpherson continued, \"This agreement provides us with another set of patented claims, which will be of strategic advantage when we get to the development phase for Gold Chain.\"Figure 1: Gold Chain Project Showing the Location of the Tyro Claims and gold-in-rock values.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5717/97654_6637b69604f6c9f0_001full.jpgFigure 2: Looking northeast along the Tyro vein which has been partially exploited by an open slot-type pit. The width of the quartz veining-stockwork zone is about 60 meters with individual veins up to 2 meters wide.To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/5717/97654_6637b69604f6c9f0_002full.jpgAs part of the Company's due diligence, a trenching, sampling and mapping program was undertaken (Figure 3); highlights from the trenching include:Trench 1 (T1) - 13m of 2.04 g/t Au (13 samples)Trench 2 (T2) - 12m of 1.26 g/t Au (12 samples)Trench 3 (T3) - 11m of 0.79 g/t Au (10 samples)Highlight samples include:2.0m of 13.2 g/t Au (vein outcrop at NE end of vein complex)2.0m of 1.02 g/t Au (chip sample of quartz veining in pit wall)2.0m of 1.23 g/t Au (chip sample of quartz veining in pit wall)1.0m of 3.55 g/t Au (chip sample of quartz veining in pit wall)Five grab samples returned g...