GSKKF - Goldseek Commences Maiden 1200m Drill Program at Bonanza (Urban Barry)
(TheNewswire)
December 8th, 2020, - TheNewswire - London, Ontario - Goldseek Resources Inc. ( CSE:GSK) (CNSX:GSK.CN) (“Goldseek” or the “ Company ”) ispleased to announce that drilling on selected targets of the BonanzaProperty has commenced. The previously completed IP geophysicalground survey ( see news releasedated November 3 rd ,2020 ) defined geophysical conductors and chargeableanomalies on the Bonanza Property. Some of the anomalies closest tosurface were tested during the trenching campaign ( see news release dated October28 th , 2020) , while thedeeper anomalies will be tested during this drill program . A subsequent news release will detail the trenching resultsonce the final compilation of the data is complete.
VIDEO: Goldseek Resources CEOUpdate
The results include a gold anomaly of 644 ppb Au (0.644g/t Au) over one meter in a channel sample, associated with twoadditional anomalies in adjacent channels. The trenching assayresults for gold and base metals were plotted over the 2018 airbornemagnetic and TDEM survey, and the IP survey conducted earlier inSeptember 2020. The gold anomaly defined during trenching is locatedin the vicinity of a low magnetic anomaly and also over defined IPanomalies.
For this drill survey, the technical team targeted IP targets thatwere not trenched and also targets that were located close and insideof the magnetic lows. Two main magnetic lows are located over the IPgrid, and they could be explained by alteration zone through themagnetic lineament or structurally complex zones, both scenarios arefavorable for gold mineralization and the drilling will investigateboth.
The IP grid area is expected to host the source of till sample goldand metal anomalies that were sampled during summer 2020 ( see news release dated September16 th , 2020 ).
Goldseek's President & CEO Jon Deluce states, "We are veryexcited to kick off our maiden 1,200M drill program at Bonanza. Overthe past 6 months, we completed our first two phases of explorationleading up to drilling on time and under budget, so I thank ourtechnical team for all of their hard work! The presence of gold in ourtrenching results shows that the system is gold-bearing, and we lookforward to exploring the anomalies at depth. Upon any positiveobservations/results, the Company is well funded to extend the drillprogram if warranted.”
Figure 1:Drillholes
Sixteen (16) 100m diamond drillholes (DDH) have been planned over theIP grid. They are positioned to intersect magnetic highs, lows orstrong gradients, TDEM anomalies, and medium to strong chargeable orconductive anomalies. The Company expects to drill approximately up to1,200m (12 targets) and will modify its planning depending on thefield observations. Table 1 presents the geophysical targets.
Table 1: Drillholes Targets
| DDH BZ-20- |
| Magnetic Target |
| TDEM Target |
| IP Target |
| Other Comment |
| 001 |
| High |
| Strong Conductor & Chargeable at 35m |
| 002 |
| Low |
| Medium Conductor & Strong Chargeable at 35m |
| 003 |
| High |
| Strong Early Off-Time |
| Medium Conductor & Strong Chargeable at 35m |
| 004 |
| Strong Gradient |
| Early Off-Time Gradient |
| Medium Conductor & Strong Chargeable at 35m |
| Fence Drilling to test Strong Gold Anomalies inTrenches |
| 005 |
| Strong Gradient |
| Early Off-Time Gradient |
| Medium Conductor & Strong Chargeable at 35m |
| Fence Drilling to test Strong Gold Anomalies inTrenches |
| 006 |
| High |
| Strong Chargeable at 35m-65m |
| 007 |
| Low |
| Early Off-Time Gradient |
| Strong Conductor at 35m-65m |
| 008 |
| Low |
| Strong Early Off-Time |
| Medium Conductor & Strong Chargeable at35m-65m |
| Near or in interpreted Fault Maseres |
| 009 |
| Strong Gradient |
| Early Off-Time Gradient |
| Medium Conductor & Strong Chargeable at 35m |
| Near or in interpreted Fault Maseres |
| 010 |
| Low |
| Medium Conductor & Strong Chargeable at35m-65m |
| Near or in interpreted Fault Maseres |
| 011 |
| Strong Magnetic Gradient |
| Early Off-Time Gradient |
| Medium Conductor & Strong Chargeable at35m-65m |
| 012 |
| Strong Magnetic Gradient |
| Strong Early Off-Time |
| Medium Conductor at 65m |
| 013 |
| Magnetic Low |
| Strong Conductor & Chargeable at 35m |
| Magnetic NW-SE Lineament |
| 014 |
| Strong Magnetic Gradient |
| Possible Iron Formation Extension to the south |
| 015 |
| Strong Magnetic Gradient |
| Strong Early Off-Time |
| Possible Iron Formation Extension to the south |
| 016 |
| Strong Magnetic Gradient |
| Early Off-Time Gradient |
| Small Surface Off-Time Anomaly |
This press release was prepared by Steven Lauzier, VPExploration for Quebec, P.Geo,OGQ and by Pierre-Alexandre Pelletier,P.geo OGQ, who are qualified persons as defined under NationalInstrument 43-101, and who reviewed and approved the geologicalinformation provided in this news release.
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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