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Gold79 to Commence Trenching of the Tyro Main Zone at the Gold Chain Project
Ottawa, Ontario--(Newsfile Corp. - May 2, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("...
About this update from West Point Gold Corp.
[{"type":"text","content":"Gold79 to Commence Trenching of the Tyro Main Zone at the Gold Chain ProjectOttawa, Ontario--(Newsfile Corp. - May 2, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (\"Gold79\" or the \"Company\") is pleased to announce that it has finalized the design for its systematic trenching program along the Tyro Main Zone to follow-up the high-grade drill intercepts from 2023 and better understand the gold distribution along strike. Work is expected to start the week of May 6, 2024.The key objectives of this program are:Better understand the intersection of the Whitespar Fault and Tyro Main Zone where 2023 drilling returned 9.1m of 51.1 g/t Au (GC23-28). Most of this structural intersection is concealed with material from historical mining activities.Provide an improved understanding of gold grade distribution across the vein complex and along the one kilometre of strike of the Tyro Main Zone for future resource calculation.Provide the data needed to determine the scale and identify the hole locations for the follow-up drilling program, the anticipated next step for resource definition. Derek Macpherson, President and CEO stated, \"When Gold79 announced, an Exploration Target of 15.6 to 31.2 Mt grading 1.5 to 2.5 g/t gold, at the Tyro Main zone, the Company also laid out a short, low-cost path to develop a maiden resource. This trenching program is the first step in establishing a resource that is expected to be substantially larger and much higher-grade than the nearest producing mine in the district.\" Mr. Macpherson continued, \"Additionally, this work will allow us to better understand the high-grade zone intersected in our most recent drill program, which returned a multi-ounce intercept in the last hole of the program.\" The potential quantity and grades are conceptual in nature. There has been insufficient exploration drilling to define a mineral resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.Gary Thompson, Executive Chairman, stated, \"We are excited to get back to work on the Gold Chain Project. The Tyro Main Zone is an obvious gold target where we have confidence that we can quickly define a maiden resource, given the grade and continuity of mineralization identified from work to date. We highlight that the Tyro Main Zone is just one kilomet...