Drilling has encountered wide, and locally high-grade intervals in the initial, broad spaced framework drill program.
The Mizobe project is located within the
Within the
Sampling by the Alliance of discontinuous outcrop and quartz-vein / breccia float across a 2 by 2.5 km area showed strong anomalism with channel samples including 24.7 m grading 1.0 g/t gold, and river float samples up to 18.9 g/t gold,. The extent of gold and antimony anomalism was seen as highly encouraging considering much of the target area is concealed by a veneer of post-mineral volcanic ash.
Drilling Results
The three initial, widely spaced frame-work drill holes at Mizobe targeted interpreted structural extensions below post-mineral volcanic ash on large step-outs between 600 to 1,000 m from known surface mineralization and historical drilling data,. Gold mineralization intersected includes both vein and breccia hosted styles. The significant widths of mineralization intersected in drilling below post-mineral cover, and the broad footprint of gold and pathfinder mineralization identified in channel sampling at surface indicate the potential of a significant gold-bearing hydrothermal system at Mizobe. Next steps at Mizobe will include step-out drilling to further extend, and define the geometry of the wide mineralized intervals. Further drilling will be scheduled at Mizobe around geophysical work programs already in progress on the high priority
Sampling Techniques and Assaying
The drilling results discussed in this news release are from drill core samples obtained by PQ, HQ and NQ-size triple-tube diamond core drilling using a PMC700 and PMC-400 man-portable drill rigs owned and operated by the Company. The drilling program was fully supervised by Company senior geologists at the drilling site.
Drill core was collected in plastic core-trays at the drill site and transported by road in Company vehicles to its core shed storage facility in the nearby
Sample lengths varied from 0.25 to 1.0 m; depending on the positions of geological contacts and variations in alteration composition. The core was split by diamond rock saw supervised by project geologists. Half-core sample was collected from the entire length of each designated sample interval and placed into individual-labelled, self-sealing calico bags for secure packaging and transport to the laboratory. The half-core samples weighed between 0.25 to 5 kg depending on the sample length and core size. A Chain-of-Custody was established between the Company and receiving laboratory to ensure the integrity of the samples during transportation from site to the lab. The samples were sent in batches to
Samples were crushed, pulverised and assayed for gold 50 g charge Fire Assay / AAS Finish (Au-AA24; 0.005 ppm lower detection limit) and a 48 multi-element by 4-acid digest with ICP-MS determination (ME-MS61L; Ag 0.002 ppm lower detection limit). Over-limit Au and Ag samples were re-assayed by fire-assay and gravimetric finish (GRA-22, LDL of 0.5 and 5 ppm for Au and Ag respectively).
Certified Reference Materials (CRMs) were inserted by Japan Gold KK at every 20th sample to assess repeatability and assaying precision of the laboratory. In addition, the laboratory applied its own internal Quality Control procedure that includes sample duplicates, blanks & geochemical standards. They report these results with the certified Assay Report. Laboratory procedures and QAQC protocols adopted are considered appropriate. The CRMs and internal QC-QA results fall within acceptable levels of accuracy & precision and are considered to lack any bias.
Rock results presented in this news release and accompanying figures are from 1-3 kg selected grabs of river float samples, and continuous chip-channel samples. The grab samples of float material reported in this announcement are believed to originate from the underlying bedrock of the drainage basin from which they were collected. The Company cautions that grab and float samples are selective by nature and may not be representative of typical mineralization on the property. Composited chip-channel samples have been collected continuously along exposures of bedrock at intervals between 0.5 to 1.5 m. Sample preparation and assaying were done by ALS Perth, WA,
A Chain-of-Custody was established between the Company and receiving laboratory to ensure the integrity of the samples during transportation from site to the lab. Certified Reference Materials (CRMs) were inserted by
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This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2023 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.
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