The goal of this phase of the Hayden Hill exploration program is to identify and characterize structural feeders that might host high-grade gold-silver mineralization.
Surface Program Technical Results
Summary
The primary goal of this initial field program was to characterize mineralized features that might indicate the presence of epithermal high-grade gold mineralization. Much of the surface of the project area has been disturbed through open-pit mining and reclamation activities. Pit highwalls, historical trenches and pits, undisturbed outcrops, and areas of subcrop have been mapped and sampled.
The following styles of hydrothermal features, favorable for the presence of epithermal gold-silver mineralization, have been mapped and sampled on the Property: Multiple banded epithermal veins, Clast-support hydrothermal breccias (clasts comprise > 50% of the breccia volume), Matrix-supported hydrothermal breccias, for which the Hydrothermal matrix comprises > 50% of the breccia volume. Clasts of previously veined material are common.
Euhedral adularia and quartz replacement of individual calcite crystals is locally present,
Pervasive silicification, that is reported to also include fine-grained adularia, is the most widespread form of hydrothermal alteration present in the Project area.
An initial set of 326 surface samples have been collected, for which results have been received for 140 samples. Most of the samples are select grabs from structures that appeared to have potential for gold mineralization. The highest sample value is 37.9 g/t. Thirteen (13) samples have values > 10 g/t, 22 have values > 5 g/t, 34 have values > 1 g/t, 54 have values > 0.5 g/t, and 86 have values < 0.5 g/t. Follow-up sampling for regions with higher grade initial values is clearly justified.
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This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Statements and information that are not historical facts are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible' and similar expressions, or statements that events, conditions or results 'will', 'may', 'could' or 'should' occur or be achieved. Forward-looking statements and the assumptions made in respect thereof involve known and unknown risks, uncertainties, and other factors beyond the Company's control. Forward-looking statements in this press release include statements regarding beliefs, plans, expectations, or intentions of the Company. Mineral exploration is highly speculative and characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. Forward-looking statements in this press release are made as of the date herein. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.
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