Portable Drilling Highlights:
- 16.2% copper, 1.88 g/t gold and 92.1 g/t silver over 0.5 metres in hole GL-21-BPD-014b
- 11.5% copper, 0.92 g/t gold and 31.1 g/t silver over 1.14 metres in hole GL-21-BPD-022
- 11.9% copper, 0.69 g/t gold and 37.9 g/t silver over 1.47 metres in hole GL-21-BPD-024
- 15.1% copper, 1.36 g/t gold and 43.9 g/t silver over 0.7 metres in hole GL-21-BPD-030
- 735 g/t silver over 0.3 metres in hole GL-21-BPD-012
Readers should note that sampling with a man-portable drill generally drills short, shallow holes and the results are not necessarily representative of the overall mineralization to depth or along trend at any particular site.
“These strong sampling results demonstrate the exploration potential of areas adjacent to the developing GL1 Main zone, in particular for copper, but also for gold and silver,” said
Details of Portable Drill Program
The objective of the portable drill program was to better evaluate surface prospects and showings located across the Golden Lion Property, outside of the GL1 Main zone, some of which had been partially tested in 2020 (see news,
GL1 South Showing
Holes BPD-012 and 013 from the GL1 South area (see Table 1) were drilled into weakly stockwork-veined outcrops located within a strong silver-rich soil geochemical anomaly near the southern end of the known GL1 Main trend. The quartz veining was hosted within trachytic volcanic rocks that were locally silicified and generally strongly clay altered. Mineralization within the veins consisted chiefly of limonite although trace pyrite and chalcopyrite were noted. The veins were located near to where prospectors employed by Newmont in the mid-1980’s discovered veins in outcrop which contained the very high-grade silver-bearing mineral linarite, but unfortunately the specific mineralized zone was snow-covered at the time of the portable drill program.
GL2 East Ridge Showing
Most of the man-portable holes drilled in this area targeted dense stockwork vein-style mineralization hosted within chlorite-sericite-silica altered granitic rocks (diorite?). The veins host chalcopyrite and the results are intriguing in that both the granitic rocks and nearby limestone are mineralized, perhaps during an event more or less synchronous with emplacement of the granitic rocks. Elevated silver grades are also notable.
GL2 Skarn Showing
Holes GL-21-BPD-014a and 014b returned limestone (locally recrystallized)-hosted intercepts of chalcopyrite and pyrite bearing lenses, quartz veins with locally massive and more commonly semi-massive to disseminated sulphides, and disseminated sulphides also hosted locally within the wallrocks. The intercepts hosting heavier sulphides (chiefly chalcopyrite) show appreciable thicknesses (up to 1.42m) and also clearly show that gold and silver are closely associated with the copper mineralization. This showing was also tested with a single hole in 2020 (GL-20-014) which returned a 1-metre intercept of chalcopyrite-rich sulphides within brecciated limestone between 44.36 and 45.36 metres, and assayed an encouraging 3.66 g/t Au, 33.89 g/t Ag, and 3.34% Cu.
GL2 Claw Pond Showing
The two samples drilled at
Table 1 – Significant Portable Drill Results
Site & Hole ID | From (m) | To (m) | Width (m) | Cu (ppm) | Au (g/t) | Ag (g/t) |
GL2 EAST RIDGE | ||||||
GL-21-BPD-001 | 0 | 0.5 | 0.5 | 8310 | 0.01 | 3.97 |
GL-21-BPD-003 | 0 | 0.4 | 0.4 | 6130 | 0.01 | 2.88 |
GL-21-BPD-005 | 0 | 1.5 | 1.5 | 13550 | 0.1 | 4.72 |
GL1 SOUTH | ||||||
GL-21-BPD-008 | 0 | 0.6 | 0.6 | 123 | 0.01 | 11.35 |
GL-21-BPD-012 | 0 | 0.3 | 0.3 | 1760 | 0.05 | 735 |
GL-21-BPD-013 | 0 | 0.45 | 0.45 | 440 | 0.01 | 389 |
GL2 SKARN | ||||||
GL-21-BPD-014a | 0 | 0.5 | 0.5 | 36800 | 1.96 | 61.7 |
GL-21-BPD-014b | 0 | 0.5 | 0.5 | 161500 | 1.88 | 92.1 |
GL-21-BPD-014b | 0.5 | 1.5 | 1 | 5040 | 0.03 | 2.35 |
GL-21-BPD-019 | 0 | 0.9 | 0.9 | 5310 | 0.09 | 2.28 |
GL-21-BPD-020 | 0 | 0.3 | 0.3 | 44900 | 0.29 | 19.15 |
GL-21-BPD-022 | 0 | 1.14 | 1.14 | 115000 | 0.92 | 31.1 |
GL-21-BPD-023 | 0 | 1.1 | 1.1 | 45300 | 0.26 | 13.85 |
GL-21-BPD-024 | 0 | 1.42 | 1.42 | 119000 | 0.69 | 37.9 |
GL-21-BPD-026 | 0 | 0.9 | 0.9 | 5140 | 0.05 | 1.75 |
GL-21-BPD-027 | 0 | 1.1 | 1.1 | 15350 | 0.21 | 7.49 |
GL-21-BPD-028 | 0 | 0.5 | 0.5 | 4400 | 0.06 | 1.78 |
GL-21-BPD-030 | 0 | 0.7 | 0.7 | 151000 | 1.36 | 43.9 |
GL-21-BPD-033 | 0 | 0.6 | 0.6 | 30400 | 0.37 | 10.7 |
GL-21-BPD-033 | 0.6 | 1.1 | 0.5 | 13500 | 0.24 | 5.09 |
GL2 | ||||||
GL-21-BPD-037 | 0 | 0.9 | 0.9 | 5970 | 0.04 | 2.77 |
GL2 CLAW POND | ||||||
GL-21-BPD-048 | 0 | 0.5 | 0.5 | 7000 | 1.76 | 2.55 |
GL-21-BPD-049 | 0 | 0.25 | 0.25 | 10550 | 1.16 | 3.84 |
Notes: Widths reported above are drilled core lengths. True widths are unknown.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c983a24f-7bdc-4e04-b6f7-9ae51b5e22f6
About
Qualified Person
QA/QC
The company has a robust quality assurance/quality control program that includes the insertion of blanks, standards and duplicates. Samples of drill core are cut by a diamond-blade rock saw, with half of the cut core placed in individually sealed polyurethane bags and half placed back in the original core box for permanent storage. With the rare exception, sample lengths generally vary from a minimum 0.5-metre interval to a maximum 2.0-metre interval, with an average of 0.5 to 1.0 metres in heavily mineralized sections of core, where precise identification of the mineralogical source of metal values is important. Drill core samples are shipped by truck in sealed woven plastic bags to the ALS sample preparation facility in
For additional information, please contact:
Kevin M. Keough
President and CEO
Tel: (613) 622-1916
www.evergoldcorp.ca
kevin.keough@evergoldcorp.ca
Neither the
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Figure 1
Drill Sites - Portable Drill
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