Hole D21-053, which represents the deepest mineralized intersection to date, returned gold mineralization of 2.69 g/t over 59.0 m to a vertical depth of approximately 222 m below surface in unweathered rock. Hole D21-054, the third deepest hole drilled to date, also extended the deposit to depth in unweathered rock, returning 2.98 g/t over 64.50 m to a vertical depth of approximately 194 m.
These recent drill holes demonstrate that gold mineralization continues strongly at depth into unweathered rocks.
Lateral continuity of mineralization in the northern 2.5 km of the deposit continues to be confirmed.
The Oko West deposit remains open along strike and to depth.
The southern 3.5 km of the 6 km long geochemical gold anomaly remains open and largely untested.
The reported results are part of the ongoing 9,000-meter phase 3 drill program at Oko West, followed by a planned 15,000-meter phase 4 program. The ongoing program aims at continuing to expand the resource laterally and along strike between existing fences of drilling and, importantly, to continue to expand the deposit to depth into the unweathered rocks.
Cautionary Statement
This press release contains certain forward-looking information or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company's control, including statements regarding plans to complete drilling and other exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking 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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