Intact Gold provides update on Blackjack Property
(firmenpresse) -
INTACT GOLD PROVIDES UPDATE ON BLACKJACK PROPERTY
September 15, 2016 - Vancouver, BC - Intact Gold Corp. (TSX-V: ITG) (FSE: 1A5) (the Company or Intact Gold), is pleased to announce that the company has received results from its initial field program on the Blackjack Project including 15.42 g/t Au.
Fourteen samples were submitted to SGS Laboratories for geochemical analysis during the initial 2016 field program. The samples were collected to verify the presence of mineralization and begin to compile geochemical signatures of mineralized veins and country rock. Of these samples, 8 reported gold values above 24 ppb. 4 samples with greater than 1 g/t Au were resent for assay using a metallic screening process to better represent coarse gold mineralization. The results showed that there is a coarse gold component in the known veins at the Blackjack Project.
Sample Gold by Gold by Fire Copper Silver
ID Fire Assay Assay ICP-MS ICP-MS
with Without
Metallic Metallic
Screening Screening
K934662 15.42 g/t 14.92 g/t 160 ppm17.1
g/t
K934661 2.75 g/t 2.86 g/t 1150 1.2 g/t
ppm
K934658 1.66 g/t 3.57 g/t 6010 12.7
ppm g/t
K934657 1.45 g/t 1.31 g/t 2620 2.06
ppm g/t
K934651 0.031 g/t 969 ppm1.08
g/t
K934653 0.256 g/t 29.2 0.05
ppm g/t
K934663 0.024 g/t 45.8 0.2 g/t
ppm
K934664 0.384 g/t 133 ppm0.04
g/t
About the Blackjack Property:
The Gold Hill Blackjack property is located in the townships of Kirkup and Manross in the Kenora mining division of Ontario. The property is approximately 20 kilometers southeast of the city of Kenora, Ont., and is accessible from Highway 17 east to the Storm Lake Road. The property consists of one claim made up of 15 claim units, comprising a total of 600 acres.
The property comprises the former Gold Hill gold property (four shafts) and Blackjack property (one shaft), both past producers, as well as the Golden Gate gold prospect (one shaft) and the Combination Vein gold prospect (one shaft). The Blackjack, Gold Hill, Golden Gate and Combination Vein properties were all mined in the late 1800s. Work ceased in 1899 when the mill at the Gold Hill mine burned down.
Gold Hill has a reported historical production of 220 tons, grading 4.95 ounces per ton gold, for a total production of 1,089 ounces of gold, and Blackjack produced a historical bulk sample of 50 tons at 0.33 ounce per ton gold. Historically, at Gold Hill, gold occurs mainly in the Pebble Vein zone, a series of quartz veins in a shear zone hosted by mafic volcanics within 1.6 kilometers of the western edge of the Dryberry batholith. This batholith appears to be similarly mineralized along its entire western contact. The company
is currently planning a preliminary exploration for the 2016 season to gain a better understanding of this mineralization on the property.
Due to the historical nature of the production estimates, Intact Gold is not treating these estimates as verifiable. A current National Instrument 43-101 report by a qualified person has not yet been compiled for the property, though a future exploration program will involve mapping and sampling the historical workings.
From 1983 through 1991 the project area saw methodical exploration work as summarized in the following table:
Year Company Reports Summary of Notable Work Preformed
1983-Bonzano 52E09NW0019,-38 rock samples, 8 week surveying
1984 Exploration 52E09NW0022 and mapping program with a crew of
, two
52E09NW0023
, -200ft line spacing, with 25ft
52E09NW0024 station spacing ground magnetometer
survey
1985-Kidd Creek 52E09NW0017,-Geophysics (line-cutting,
1987 Mining 52E09NW0016 aeromagnetic survey in two
directions, ground VLF-EM-16 and
ground magnetics,
I.P)
-Detailed mapping, prospecting and
trenching
-325 grab and channel samples from
property and surrounding
area
1988 Core 52E09NW0013 -116 grab samples collected
Exploration
1988-G. Zebruk 52E09NW0014,-Two diamond drill holes GH-90-1
1990 and E. 52E09NW0004 (100 ft.) and GH-90-2 (104 ft.)
Hanson , targeting the combination and
52E09NW0007 pebble veins
respectively.
1991 William 52E09NW0015 -Ontario prospecting grant (OP91-643)
Yeomans -Relocation of grids, trenches and
channel sample locations from 1985
program.
-21 grab and chip samples taken for
verification
-prospecting of area
Results of these historic exploration programs are currently being interpreted and compiled into a database for use in planning further exploration on the project.
For more information about Intact Gold Corp or the Blackjack Property please visit www.intactgold.com
Qualified person
Brandon Macdonald, P.Geo, is the qualified person as defined in NI 43-101, that has reviewed and approved the contents of this press release. The contained information regarding past production is historical in nature and has not been confirmed.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD CORP.
Per: Anthony Jackson, President and CEO
For further information, please contact the Company at 604-283-1722.
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain forward-looking information within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate and other similar words, or statements that certain events or conditions may occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the TSX-V may not approve the transaction, and other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking information in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
" alt="Oceanus Intersects 121.1 Meters of 1.38 g/t Gold Equivalent Consisting 1.02 g/t Gold and 27 g/t Silver at its El Tigre Property in Sonora, Mexico
Datum: 15.09.2016 - 13:14 Uhr
Sprache: Deutsch
News-ID 494970
Anzahl Zeichen: 8470
contact information:
Town:
Wien
Kategorie:
Business News
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