GSKKF - Goldseek Announces Beschefer Drilling Visual Observations
(TheNewswire)
Highlights:
-
- Visual observation on approximately2,350m of drilling completed across 9 holes
- The targeted B14 shear zone hasbeen in all holes drilled to date
- Initial assays have been deliveredto the lab with weekly batches expected over the remainder of theprogram
September 30, 2021 - TheNewswire - London, Ontario - Goldseek Resources Inc. ( C NSX :GS K.CN ) (FSE:4KG) (“Goldseek” or the“ Company ”) is pleased to announce an update from its 5,000-meterdrill program currently underway at Beschefer which kicked off inearly August. The Company is currently completing the final holes ofthe program.
All holes have intersected the B14 gold-bearing shearzone structure between 100 and 250 meters deep using varied spacingbetween historical holes and newly drilled targets. The objectivesought by this program is to validate high-grade intervals obtainedhistorically, infill drilling on the gold zones and target theexpansion of the modelled lenses ( see news release dated September 2,2021 )
The Beschefer Project is located approximately 30kilometers southwest of Wallbridge’s Fenelon Gold Project. OnMarch 3rd, 2021, the Company entered into an option agreement on theBeschefer Project to earn 100% over 4 years from Wallbridge MiningCompany Limited (“Wallbridge”) ( see news release dated March 3, 2021 ).
Visual Intercept Highlights:
The B14 gold-bearing shear zone is a 14 to 30 metersthick interlayered package of mafic to felsic volcanic affected by astrong ductile fault or mylonite. The interpretation indicates a dipof 30 to 60 degrees to the southeast.
The alteration and mineralized system are multi-phasedand vary from hole to hole, taking the form of a heterogenous bandingaffected by late-tectonic fracturing and brecciation. Generally,shearing evidence is coincident with a strong iron carbonatereplacement in association with chlorite and sericite. Pervasivefeldspathization occurs at the core of the structure split in metriclenses interlayered with chlorite-sericite intervals.
The sulfide mineralization is composed of a differentgeneration of pyrite in association with secondary magnetite and localchalcopyrite. The volume of pyrite varies continuously over thestructures, anywhere between 3% and 15%.
The following observations were made as indications ofthe presence of the gold system, but they are by no means correlatedwith gold grade at this stage.
| DDH |
| From_m |
| To_m |
| Width_m |
| Observations |
| P1-0221-06A |
| 158.3 |
| 172.6 |
| 14.3 |
| Strong albitization + K feldspar in metric bands over 12 metres. Partly brecciated. Secondary magnetite with up to 10% pyrite. |
| P1-0221-22 |
| 110.05 |
| 130.6 |
| 20.6 |
| Chlorite-sericite-carbonate dominant. 5to 15% fine grain pyrite over the unit. |
| P1-0221-23 |
| 105.4 |
| 130.8 |
| 25.4 |
| Interlayered chlorite-sericite-carbonate and feldspars richlenses. Partly brecciated. 5to 15% finely disseminated pyrite over the unit. |
| BE-21-01 |
| 157.8 |
| 173.75 |
| 16 |
| Chlorite-sericite-carbonate, hematisation overprint after169m Sporadic disseminated pyrite over metric intervals. |
| BE-21-02 |
| 143.45 |
| 173.1 |
| 29.7 |
| Interlayered chlorite-sericite-carbonate and feldspars rich lenses. Brecciation with quartz filling. 1to 5% fine grain pyrite with micas in the foliation. 165m to 171.5m: 5 to 15% pyrite stringers in breccia. |
| BE-21-03 |
| 181 |
| 206.8 |
| 25.8 |
| Interlayered chlorite-sericite-carbonate and feldspars richlenses. Dominant hematization. Strong secondary magnetite with 5% fine grain pyrite over theunit. |
| BE-21-04 |
| 171 |
| 196 |
| 25 |
| Interlayered chlorite-sericite-carbonate and feldspars richlenses. 3to 5% disseminated pyrite over the unit. |
| BE-21-05 |
| 205.8 |
| 232.35 |
| 26.6 |
| Carbonate-chlorite-sericite followed by strong feldspathisation.Dominant hematisation. Upto 5% disseminated pyrite with magnetite. |
| BE-21-06 |
| 202.6 |
| 218.8 |
| 16.2 |
| Chlorite-sericite-carbonate alteration followed by feldspathicreplacement. Local hematisation. 209m to 218m: 5 to 10% pyrite, associated with secondary magnetiteand sporadic chalcopyrite. |
Goldseek's President & CEO Jon Deluce states, “We are excitedto be hitting the targeted mineralization in all holes which is atestament to the continuity of the gold system and near resourcepotential. Samples have started going into the lab and we expect thefirst batches to be released in October. Drilling will be finishedshortly and upon release of results we will finalize plans for afollow-up winter drill program.”
About the Beschefer Project:
-
- Advanced gold exploration project with significantnear-term resource potential
- Located in a favourable orogenic gold setting 45 kmnortheast of the Casa Berardi Mine and 30 km southwest ofWallbridge’s Fenelon Gold Project.
- Highlights of the best intersections include 55.63 g/t gold over 5.57 metres in holeBE13-038 ( including 224 g/tover 1.23m ; 13.95 g/t over 0.68m and 13.70 g/t over 0.73m ), 13.07 g/t goldover 8.75 metres in hole B12-014 ( including 58.5 g/t over 1.5m ), 3.56 g/t gold over28.4 metres in hole B14-006 ( including 7.42 g/t over 5.5m ), 10.28 g/t goldover 8.00 metres in hole B14-35 ( including 86.74 g/t over 0.60m ), and 12.40 g/t goldover 3.78 metres in hole B11-003. True width inthese sections vary between 89% and 99% of the interceptedwidth.
- The mineralization shows high-grade gold-bearingstructures hosted in a lower grade envelope, which highlights theregional potential along the already defined shear zones located onthe Property.
- Continuous large-scale gold-bearing structure (B-14Zone) with known continuity and additional known parallel mineralizedshear zones.
Qualified Person
This press release was prepared by Martin Demers, P.Geo,ogq No 770,who is a qualified persons as defined under National Instrument43-101, and who has ensure the execution of this program and reviewedand approved the technical information provided in this news release.
About Goldseek Resources Inc.
Goldseek Resources Inc. is a Canadian exploration company with aportfolio of assets in Ontario and Quebec, Canada. By identifying sixprojects in world-class mining locations, Goldseek is poised todeliver shareholder value through rigorous exploration and developmenton these properties. Our mission is to find the next major discoveryin the mining camps of Urban Barry, Quevillon, Val D’Or, and DetourGold Trend in Quebec and Hemlo in Ontario.
ON BEHALF OF THE BOARD
Jonathon Deluce
Chief Executive Officer
Telephone: 226-271-5170
For more information, pleasecontact:
Goldseek Resources Inc.
E-mail: goldseekresources@gmail.com
The reader is invited to visit Goldseek's web site https://www.goldseekresources.com/
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release.
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