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Gold79 Outlines a Four Square Kilometre Gold-In-Soils Anomaly at its Jefferson Canyon Project, Nevada
Ottawa, Ontario--(Newsfile Corp. - January 12, 2021) - Gold79 Mines Ltd. (TSXV: AUU) ("Gold79"...
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[{"type":"text","content":"Gold79 Outlines a Four Square Kilometre Gold-In-Soils Anomaly at its Jefferson Canyon Project, NevadaOttawa, Ontario--(Newsfile Corp. - January 12, 2021) - Gold79 Mines Ltd. (TSXV: AUU) (\"Gold79\" or the \"Company\") is pleased to provide results from a property-wide soil geochemical survey on its Jefferson Canyon Project located 7 km east from the Round Mountain Gold Mine in Nevada USA.Chairman Gary R. Thompson stated, \"We are delighted with the significant extent and intensity of the gold and silver soil anomalies at the Jefferson Canyon Project. While previous exploration in the 1980's completed geophysical surveys, mapping, prospecting and drilling, the current exploration work marks the first ever property wide gridded soil geochemical survey. This new soil data provides the data needed to finalize our drilling plan for the permit application that is now in progress. We are keen to commence new drilling on the project.\"Figure 1. Location Map of the Jefferson Canyon Project and Gold-in-Soil AnomalyTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5717/71812_b53bb7df740718eb_001full.jpgGold 79's targeting strategy resulted in the collection of 2,926 soil samples along 100m spaced grid lines at 25m stations (Figure 2) covering the entire mineral claim block. The results reveal a four square kilometre circular gold-in-soil anomaly. The highest Au-in-soil value was 4,470 ppb Au and anomalous values were distributed as follows: twenty-nine samples returned greater than 500 ppb Au; ninety-nine samples were greater than 200 ppb Au, 234 samples were greater than 100 ppb Au and 631 samples were greater than 20 ppb Au.Figure 2. Gold Geochemistry: Gold-in-Soil Anomaly Map with Rock SamplesTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/5717/71812_b53bb7df740718eb_002full.jpgThe silver-in-soil contour plot (Figure 3) reveals a smaller 1.2km by 1.1km anomaly positioned within the gold anomaly. Both the gold and silver anomalies suggest a strong northwest response to the Jefferson Canyon fault. The highest Ag-in-soil value was 339 ppm Ag and anomalous values were distributed as follows: fifty-six samples returned greater than 10 ppm Ag; one hundred and thirty-seven samples were greater than 5 ppm Ag, two hundred and eighty-eight samples were greater t...