GSKKF - Goldseek Commences 5000m Drill Program At Beschefer Project
(TheNewswire)
Highlights:
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- Approximately 5,000 meters ofdrilling is currently underway at Beschefer
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- A combination of infill andexpansion targets are planned with a focus on extending the historicalhigh-grade zones ( 55.63 g/tgold over 5.57 metres; 10.28 g/t gold over 8.00 metres, and 12.40 g/tgold over 3.78 metres)
London, Ontario – TheNewswire - August 19, 2021 – Goldseek Resources Inc. ( CSE:GSK) (CNSX:GSK.CN)(OTC:GSKKF) (“Goldseek” or the“ Company ”) is pleased to announce the commencement of our 5,000-meter drill program at the Beschefer Project. The Beschefer Project is locatedapproximately 30 kilometers southwest of Wallbridge’s Fenelon Goldproperty. On March 3 rd, 2021, the Company entered into an optionagreement on the Beschefer Project to earn 100% over 4 years fromWallbridge Mining Company Limited ( see news release datedMarch 3, 2021 ).
Overview of the Drill Program
Goldseek has budgeted approximately 5,000m of diamondcore drilling for high priority infill and extension targets at itsBeschefer Project along the Detour Gold Trend. The program includes 22planned holes with lengths ranging from 100 to 380 meters. It aims tocomplete the following objectives:
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- Resource Drilling(20m): Close range extensions of historicalintercepts with strong metal factors and grade above 10g/t using anaverage spacing of 20 meters.
- Resource Drilling(50m): Completing infill and delineation inside known lenses at atargeted spacing between 25 and 50 meters. The objective is to createlinks between widely spaced previous drill holes with similargeological characteristics.
- Expansion Drilling: Testing the lateral extension of the East lens. The modelledgeometry supports the identification of a previously undrilled blindtarget corresponding to the eastern extension of the actuallens.
Full details on drill targets and 3D model of the goldzones will be provided in subsequent news releases.
Goldseek's President & CEO Jon Deluce states, “Weare excited to start our first drill program on the Beschefer Project,which has demonstrated size and grade potential. We look forward tohighlighting the near-resource stage of the project and expansionpotential through our upcoming 3D modelling details and drill results.We have a catalyst packed remainder of the year, which is summarizedbelow:”
About the Beschefer Project:
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- 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 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 (#770), whois a qualified person as defined under National Instrument 43-101, andwho has reviewed and approved the geological information provided inthis 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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