GSKKF - Goldseek Defines Gold and Base Metal Anomalies from MMI Survey at Horizon (Hemlo) Property
(TheNewswire)
Highlights:
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- Numerous MMI soil anomalies addingtwo newly identified targets to the Project.
- Target D is a base metals anomalywith gold pathfinder elements on the Goldseek & Barrick Goldborder which will be of priority for our follow-up Summerprogram.
April 27, 2021 - TheNewswire - London, Ontario - Goldseek Resources Inc. ( C NSX :GSK. CN ) (FSE:4KG) (OTC:GSKKF) (“Goldseek” orthe “ Company ”) is pleased to announce the MMI soil survey results fromits’ 2020 program at the Horizon (Hemlo) Property. The Company isexcited to announce it has identified a 5 th target (TargetD) on the Property’s south border, which is shared with BarrickGold’s Hemlo mining lease.
The MMI survey was completed on top of two magneticanomalies located on Target B, and the newly identified Target D,respectively named the North and South grids (See news release datedJuly 31 st 2020). The assessment of the data indicates that the Au-Cu-(Mo) and Pd areas on the North Gridand the Pb-Zn-Co-(Mo-Ni-Sb) anomaly on the South grid are welldefined, sub-circular anomalies with sharp lateral boundaries and areprime targets using the MMI data. Both anomalies are open laterallyand along strike, as shown in Figures 1 and 2 below.
Goldseek's President & CEO Jon Deluce states,"We are encouraged with the results of our MMI survey andidentifying a new target on the Goldseek / Barrick Gold border. Theanomalies are still open, and therefore we will complete a survey thissummer to better interpret the results and extend the known anomaliesto plan a follow-up drill program."
VIDEO: Goldseek Resources CEOUpdate
Figure 1. Targets on the Property andthe MMI survey
Figure 2. Target Locations Over TotalMagnetic Intensity
A follow-up survey will be completed this summer todefine the extension of the MMI anomalies better since they are stillopen along strike and laterally. The general interpretation of MMIanomalies is that the source of the anomalies is expected to belocated beneath the anomalies. The basic principle of MMIinterpretation is that electrochemical cells are generated around mostsulfide bodies as a result of their oxidation by groundwater and areoften detectable at surface above the bodies. Oxidation of thesulfides at depth releases a rising column of reduced material. Thereduced column shows at the surface as a narrow zone in the vadosezone, with sharp lateral boundaries (from Hamilton et al. 2002).Figure 3 shows the interpreted MMI assay results and targets
Figure 3: Interpreted MMI AssayResults
On the North Grid, three areas showed significantclustered anomalies. On the western corner of the grid, on Target E, avery strong and confined Gold-Copper anomaly is present, with minormolybdenum. A circular VTEM anomaly is present on the west side andextends to the middle of the target. Near the center is Target B whichconsists of a circular Palladium anomaly overlaying a strong VTEM andconductive anomalies. Just northeast is a Silver-Palladium-Zincanomaly extending over a second VTEM Anomaly and strong conductiveanomalies.
On the South Grid, there is a circular anomaly thatcontains Copper-Lead-Zinc-Cobalt with minor Molybdenum-Nickel. Thisanomaly is open towards north-east and could be related to anintrusion that is visible on the magnetic map (Figure 4).
Figure 4: Interpreted GeophysicalStructures and Anomalies
Methodology
Statistical treatment of the MMI data has beenconducted to identify anomalous areas on the survey grids. The MMIResponse calculation is done by comparing the individual results forselected elements with the calculated value of the 25e centile.Usually, the values greater than 4x the 25e centile are kept, butsince there was a lot of values below the detection values, the 4x the25e centile was too noisy and 10x the 25e centile was kept for mostelements (Au, Ag, Cu, Pb, Zn, Co, Mo, Ni, Sb). For palladium andplatinum, the 3x and 4x the 25e centile value were kept.
This press release was prepared by Steven Lauzier, VPExploration for Quebec, PGO, and Pierre-Alexandre Pelletier, PGO, whoare qualified persons as defined under National Instrument 43-101, andwho reviewed and approved the geological information provided in thisnews release.
Source :
Hamilton, S.M., Cameron, E.M.,McClenaghan, M.B. and Hall, G.E.M. 2002a. Deep penetratinggeochemistry – Cross Lake final report; in Deep Penetrating Geochemistry Phase II; Cameron, E.M. (ed.),unpublished report and digital data release (CD) to CAMIRO, EionCameron Geochemical Inc., 73p.
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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