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Gold79 Releases Newly Obtained Historical Drill Results and Provides a Permitting Update for Jefferson Canyon
Ottawa, Ontario--(Newsfile Corp. - April 7, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSV...
About this update from West Point Gold Corp.
[{"type":"text","content":"Gold79 Releases Newly Obtained Historical Drill Results and Provides a Permitting Update for Jefferson CanyonOttawa, Ontario--(Newsfile Corp. - April 7, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (\"Gold79\" or the \"Company\") has recently obtained additional historical drill hole data for its Jefferson Canyon project in Nevada. These newly acquired results confirm the current geologic model. In addition, Gold79 is pleased to provide an update on the current permitting program for the Company's maiden drill program at Jefferson Canyon. \"New\" Historical Drill Hole Highlights: Angled drill holes across the B Zone are highlighted by:JDD-10 - 36.6m at 1.0 g/t AuRMJ-108 - 1.5m at 6.8 g/t AuRMJ-109 - 12.2m at 2.1 g/t AuThe new data confirms Gold79's view that Jefferson Canyon has the potential to be a large disseminated mineralized system containing some higher-grade zonesPermitting Update:Permits tracking to be completed in Q3-2022, with most of the necessary documentation (baseline studies, finalized application) submitted to the USFSThe block coverage of baseline surveys will allow for flexibility in locations of surface disturbance in the current permit application and future permitting efforts.Target drill readiness in late Q3-2022Derek Macpherson, President and CEO, stated, \"We recently were granted access to some new historical data from Jefferson Canyon which included the drill holes announced today. Importantly, when the work at Jefferson Canyon was done in the late 1980's, it was viewed as a silver project, in a low silver-price environment. However, we believe that all the evidence to date points to this being a gold-silver project with significant scale potential. We look forward to drilling Jefferson Canyon later this year.\" \"New\" Historical Drill Holes at Jefferson CanyonRecently Gold79 was granted access to a number of paper documents related to the exploration and project development work completed at Jefferson Canyon in the late 1980's. The documentation included: exploration results, detailed drill logs for all known holes, preliminary metallurgical work, a small-scale development plan, detailed sections and maps, historical surface sampling, etc. The key takeaway from this data was the addition of 11 historical drill holes to our database, increasing our database to 145 drill holes.The \"new\" histo...