GSKKF - Goldseek Intersects 0.96 g/t Gold over 19.9 Metres in East Zone Extension at Beschefer

(TheNewswire)

Highlights:

• 0.96 g/t gold over 19.9metres, including 1.56 g/t gold over 7.0 metres , in a 90-metre north-east step-outhole in an area of limited historical drilling. Between 30 and 200 metres of finely disseminated chalcopyrite in these three step-out holes supporting copperpotential with base metal results still outstanding.

• Final rushed intervals completed during Goldseek’smaiden 5,000-metre program

• 15 of 17 holes returned gold values highlighted by 4.92 g/t gold over 28.65metres (141 Metal Factor), including 11.39 g/t gold over 9.1 metres , the 2 nd best intercept on the Property to date interms of grade and thickness ( BE-21-02 ).

• A follow-up drill program is being planned, andcommencement is targeted for late January

November 25, 2021 - TheNewswire - London, Ontario – Goldseek Resources Inc. ( C NSX :GS K.CN ) (FSE:4KG) (OTC:GSKKF) (“Goldseek” or the “ Company ”) ispleased to announce results from the final three drill holes at theBeschefer Project, located approximately 30 kilometres southwest ofWallbridge Mining Company Limited’s (“Wallbridge”) Fenelon GoldProject on the Detour Gold Trend. BE-21-14 intersected 0.96 g/t gold over 19.9metres, including 1.56 g/t gold over 7.0 metres , encountered in a 90-metre step-out hole in the East Zone.

FIGURE 1 - BESCHEFER ZONE LONGSECTION

Click Image To View Full Size

The drill grid was designed to validate and extend themodelled Central Shallow Zone and East Zone, covering approximately700 metres of strike length following a general north-east trend. Themineralization extends from the bedrock interface down to a verticaldepth of about 200 metres. The target structure dips at 40° to thesoutheast.

Holes reported aimed at finding the extension to thenortheast at an average distance of 100 metres using three holes,BES-21-12 to BES-21-14, totalling 1,050 metres and forming a staggeredfence. The program has successfully identified a possible robustextension to the mineralized system following a trend that can beevaluated at N060 degrees based on gold grade and lithologicalcorrelations. The historical drill coverage going eastward is nearlyabsent, possibly due to the lack of clear geophysical signals.

Goldseek's President & CEO Jon Deluce states, “Weare very excited to announce these final extension holes from ourmaiden 5,000-metre program at Beschefer. BE-21-14 extends the EastZone to the northeast by 90 metres and supports the expansionpotential of the Project. This hole encountered strong chalcopyriteover varied metric lengths. With all chalcopyrite occurrencescombined, it results in a large envelope reaching 100 metres of corelength. We look forward to receiving the base metals results, whichare still outstanding.

We have started to plan our follow-up winter drillprogram with a targeted start in January 2022. Over the coming weeks,we will provide an updated 3D model and an overview of our drillstrategy for our winter follow-up program.”

East Zone Extension Highlights

The best intercept from the East Zone was BE-21-14 with 0.96 g/t over19.9m , including 1.56 g/t over 7.0m located at a vertical depth of around 150 metres. Themineralized interval is hosted in a breccia highlighted by theheterogenous composition of alteration assemblage in the form ofcloudy secondary feldspath, quartz, iron carbonate and sericite. Finepyrite is located in the porosity, disseminated or concentrated in afine stringer at various concentrations between 1 and 5%. HoleBE-21-14 intersected the mineralized structure about 100 metres downdip from historical hole B14-21 characterized by anomalous goldvalues.

Hole BE-21-12 returned a low-grade interval of 0.36 g/tover 6.75 metres, including 1.03 g/t over 1.3m. In this case, the goldenrichment straddles the faulted contact between a carbonatized andductilly deformed mafic host rock and a feldspathized breccia at thefootwall developed in intermediate flows. Hole-21-12 intercepted themineralized structure 125 metres down dip from BE-21-14.

No significant results were obtained from the targetedstructure in hole BE-21-13. A strong chloritized ductile deformationzone was cut over 20 metres in length. This last hole is offset fromBE-21-13 and BE-12-14 by about 30 metres along strike. As forBE-21-13, It has intercepted the targeted structure about 100 metresdown dip from BE-21-14.

Overall, the East Zone geological environment isdistinct with the predominance of felsic rocks at the hanging wall ofthe gold-bearing structure, collared and crosscut over 150 to200-metre lengths. In this context, partial quartz-sericite alterationaffects an interlayered sequence of porphyric felsic flows andvolcanic breccia layers. Pyritization is widespread with commondisseminated and fractures filling chalcopyrite. Describedchalcopyrite occurrences represent continuous intervals going from 30to 230 metres along holes lengths.

RUSHED RESULTS FROM FINAL 3HOLES

* Stated lengths are core lengths as drilled. Truewidths are estimated to be between 85% and100% of reported core length intervals.

Figure 2: BE-21-14, mineralizedinterval showing the brecciated texture

Results from individual samples displayed: 0.745 g/t(E6442371), 2.26 g/t (E644374), 0.657 (E6442378)

Click Image To View Full Size

The program was carried out under the supervision of Martin Demers,P.Geo and a consultant for Goldseek Resources, the qualified personresponsible for this news release. The field program was run by SLExploration. The drill core was split at the Technominex facility inRouyn-Noranda with half sent to AGAT Labs in Val D’Or, QC, and fireassayed with an AA and gravimetric finish. Assays on metallic sievingare performed on whole samples greater than 10 g/t gold and samplescontaining visible gold. Duplicates, standards and blanks wereinserted into the sample stream.

About the Beschefer Project:

• 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 Gold Project.

• Highlights of the best intersections include 55.63 g/tgold over 5.57 s in hole BE13-038 ( including 224 g/t over 1.23m ; 13.95 g/tover 0.68m and 13.70 g/t over 0.73m ), 13.07 g/t gold over 8.75s in hole B12-014 ( including 58.5 g/t over 1.5m ), 3.56 g/t gold over28.4 s in hole B14-006 ( including 7.42 g/t over 5.5m ), 10.28 g/t goldover 8.00 s in hole B14-35 ( including 86.74 g/t over 0.60m ), and 12.40 g/t goldover 3.78 s in hole B11-003. True width in thesesections vary between 89% and 99% of the intercepted width.

• The mineralization shows high-grade gold-bearingstructures hosted in a lower grade envelope, highlighting the regionalpotential along the already defined shear zones on theProperty.

• Continuous large-scale gold-bearing structure (B-14Zone) with known continuity and additional known parallel mineralizedshear zones.

Qualified Person

This press release was reviewed and approved by Martin Demers,P.Geo,ogq No 770, who is a qualified person as defined under NationalInstrument 43-101, and responsible for the technical informationprovided in this news release.

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.

This news release contains certainstatements that may be deemed “forward-looking statements” withrespect to the Company within the meaning of applicable securitieslaws, including statements with respect to the Company’s futureplans of Beschefer. Forward-looking statements are statements that arenot historical facts and are generally, but not always, identified bythe words “expects”, “plans”, “anticipates”,“believes”, “intends”, “estimates”, “projects”,“potential” and similar expressions, or that events or conditions“will”, “would”, “may”, “could” or “should” occur.Although the Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance, are subject torisks and uncertainties, and actual results or realities may differmaterially from those in the forward-looking statements. Such materialrisks and uncertainties include, but are not limited to, theCompany’s ability to obtain all requisite approvals, includingapproval of the Canadian Securities Exchange and securities regulatoryauthorities, if required for a transaction or financing, theCompany’s ability to raise sufficient capital to fund itsobligations under its property agreements going forward, to maintainits mineral tenures and concessions in good standing, to explore anddevelop Beschefer or its other projects and for general workingcapital purposes, changes in economic conditions or financial markets,the inherent hazards associates with mineral exploration, changes ingeneral economic conditions, the ability of the Company to obtain thenecessary permits and consents required to explore, drill and developits projects and if obtained, to obtain such permits and consents in atimely fashion relative to the Company’s plans and businessobjectives for the projects, changes in environmental and other lawsor regulations that could have an impact on the Company’soperations, compliance with environmental laws and regulations,aboriginal title claims and rights to consultation and accommodation,dependence on key management personnel and general competition in themining industry. Forward-looking statements are based on thereasonable beliefs, estimates and opinions of the Company’smanagement on the date the statements are made. Except as required bylaw, the Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs,estimates or opinions, or other factors, should change.

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