GSKKF - Goldseek Announces Maiden Drill Program at Southern Arm (Fenelon) and Expanded Drill Permit
(TheNewswire)
November 18, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. ( CSE:GSK) (CNSX:GSK.CN) ("Goldseek" or the " Company ") ispleased to announce that after receiving its initial drill permit thatit has expanded it to include additional holes. The maiden drillprogram now totals 51 till sample holes and 4diamond drill holes which will serve twopurposes: The first objective is to sample till material beneath theclay deposits and the second objective will be to perform diamonddrilling on the currently defined targets, as seen below:
Goldseek's President & CEO Jon Deluce states,"For our maiden program in early 2021, we look forward to doing acombination of till percussion drilling and diamond drilling. TheFenelon Camp has large depths of overburden, which has limiteddiscoveries in the past and is why we believe till percussion drillingis an effective way to create strong targets along our 7 Km conductivetrend. The targets that are currently drill-ready will be tested bydiamond drilling during the same program.
By taking this strategy, we will increase our chancesof making a discovery in this very active gold camp that has seen veryimpressive high-grade intercepts by our neighbor Wallbridge Mining."
Figure 2: AreaMap
Is it important to note that previous till samplingusing RC drilling was successful in defining gold anomalies with apossible source on the Property (4,790; 4,690 and 7,110 ppb Au) sincethe anomalies are respectively 250m; 2 km and 4.7 km away from theProperty border, which is located up-ice from the anomalies.
The Company's till drill program will follow up onthose historical results with a tighter grid while also sampling tilldown-ice from the Bapst fault, of which the Company owns over 7.3km ofstrike length. The till survey will allow the Company to definespecific drill targets along the fault to follow-up with geophysicsand diamond drilling.
In parallel, the Company will also be testingdrill-ready targets, including Target 1.
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- This target has never been drilled and containsmultiple features that indicate gold mineralization potential: A breakin a conductive anomaly is located along the Bapst fault 2.4km fromTarget 1. This indicates a change in the mineralogy of the hostrock.
- At the target's NW edge, a break in the magneticsignal is also visible. A shift of the magnetic unit toward NE ispresent and indicates a potential NE-SW fault that cross-cuts themagnetic signal. This fault may well be related to multiple goldshowings located SW of the Property (H-1432-068; Ruisseau Twinning;Lac Sicotte-NE and Lac Sicotte).
- Prior drilling indicates that the conductors on theBapst fault, along the magnetic anomaly, are formational conductorsand mostly generated by graphite mineralization associated withsulphide. A local conductive anomaly is located at Target 1. Thisindicates that the conductor is not formational in nature and could berelated to sulphide mineralization rather than graphite.
- Multiple high gold anomalies in till are founddirectly down-ice from the Property and their source is most likely onthe Property. Previous RC drilling with till sampling purpose showedanomalies of 4,790; 4,690 and 7,110 ppb Au in three different holeslocated respectively 250m; 2 km and 4.7 km away from the Propertylimit, located up-ice from the anomalies.
Figure 1 shows the targets on the Property and thecurrently planned drill holes. The Company is currently undergoingthe permitting process and expects to start work at Fenelon in early2021.
Qualified Person
This press release was prepared by Steven Lauzier,P.Geo,OGQ who is a qualified person as defined under NationalInstrument 43-101, and who reviewed and approved the geologicalinformation 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 fiveprojects 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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