GSKKF - Goldseek Identifies 4 Gold Zones in 3D Model at Beschefer Project
(TheNewswire)
Highlights:
-
- 5,000-meter drill program underwayto infill and extend the known gold zones
- 3D model and zones show the nearresource potential
September 16, 2021 - TheNewswire - London, Ontario - Goldseek Resources Inc. ( C NSX :GSK. CN ) (FSE:4KG) (OTC:GSKKF) (“Goldseek” orthe “ Company ”) is pleasedto announce the identification of 4 zones within the 3D model of goldmineralization drilled to date at the Company’s BescheferProject. The Beschefer Project is located approximately30 kilometres southwest of Wallbridge’s Fenelon Gold Project. OnMarch 3 rd, 2021, the Company entered into an option agreement on theBeschefer Project to earn 100% over 4 years from Wallbridge MiningCompany Limited ( see news release dated March 3,2021 ).
The resulting model is made of four main lenses (West, Central,Central Deep, East), forming a system almost 1km along strike with themain volcanic contact and associated deformation zone. Laterally, thesystem can be considered open; lenses were cut and close at a maximumdistance between 100 and 200 metres from the last drill intercept.
Figure 1: 3D Plan view of theBeschefer Gold System, plunging plan view to the northeast. Leapfroggrade shells using inverse distance interpolation superimposed on 3Dmesh interpretation.
Except for the East lens, mineralization was generally encounterednear the bedrock interface to a down-dip extension of 500 metres. Downdip lenses can be extrapolated inside a dip length varying between 150metres and 550 metres depending on the property limit location ( Figure 1 ).
Each lens corresponds to different host rocks relations, typical gradeand thickness that evolved along strike, as illustrated in Figure 1 . Even preliminary, themodelling highlights the following features: the prevalence ofintrusion going westward, central lenses corresponding to higherdown-dip continuity, and the gradual deepening of the mineralizedsystem to the east. With reservations, the gold distribution couldindicate a gradual increase to the east.
| Position area |
| Geometry |
| Context |
| Typical grade |
| West lens (purple) |
| 40° dip lens 370m alongstrike length 350m along diplength Open to the west |
| Felsic intrusion footwall mylonite. Low-grade dissemination in the intrusion volume. |
| 1.27 gpt over 18.8m (B14-28) |
| Central shallow lens (pink) |
| 50-60° dip 380m alongstrike length 400m along diplength |
| Interlayered felsic intrusion and diorite. |
| 2.5 gpt over 12m (BE11-001) |
| Central deep lens (blue) |
| 50-60° dip 290m alongstrike length 150m along diplength |
| Interlayered felsic intrusion and diorite. |
| 2.0 gpt over 17.9m (BE13-035) |
| East lens (green) |
| 30-40° dip, 450m alongstrike length 550m along diplength open to the east. |
| Located on a defined contact betweenfelsic-intermediate and mafic host rocks. |
| 10.3 gpt over 11.4m (BE12-014) |
Goldseek's President & CEO Jon Deluce states, "Theidentification of 4 gold zones within the 3D model continues todemonstrate our understanding of the gold system and that it isnear-resource stage. Our current 5,000m program is focused on infilland extension on the Central Shallow and high-grade East Zones. Welook forward to providing updates on our drill program, with firstresults expected out in October.”
About the Beschefer Project:
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- Advanced gold exploration project with significantnear-term resource potential, benefiting from a high density ofdrilling.
- 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 interceptedwitdh.
- The mineralization shows high-grade gold-bearingstructures hosted in a lower grade envelope. The associated structureand alteration system highlight the potential along the Beschefertrend and unexplored parallel structures.
- Continuous large-scale gold-bearing structures areregionally known on the property environment, located near thepolymetallic former Selbaie Mine. The base metal potential of theProperty, even if historically recognized, was never explored.
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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