GSKKF - Goldseek Provides Update at Bonanza Project and Follow-Up Plans
(TheNewswire)
London, Ontario – TheNewswire - August 27, 2021 – Goldseek Resources Inc. ( CSE:GSK) (FSE:4KG) (CNSX:GSK.CN) (“Goldseek” or the “ Company ”) has completed its follow-up plan for the BonanzaProperty after receiving maiden drill results from its’ 2021Program. Following the soil survey conducted in 2020, t he Company has previously identified 3 Targets. Target 2 andTarget 3 have seen limited exploration (Figure1) and will be subject to a follow-up program. The follow-up program will consist of a geological cartographysurvey and boulder prospecting to better determine the potential hostof the previously defined soil anomalies.
Goldseek's President & CEO Jon Deluce states, “Going forward atBonanza, we will focus on a systematic exploration assessment ofTarget 2&3 ahead of any future drilling. Grassroots explorationtakes time to develop strong drill targets and now, with our flagshipBeschefer Project, we are in a better position to systematicallydevelop our grassroots portfolio and complete the necessarypreliminary work before drilling specific targets. This will increaseour chances of making a grassroots discovery while using our capitalmore effectively. Drilling at Beschefer is going well; we look forwardto keeping everyone updated on our progress.”
Figure 1: Proposed Sample Locationover Interpreted Targets
Target 1 is located northwestof the iron formation. In 2021, Target 1 was subject to trenching anddrilling on multiple IP geophysical anomalies. A total of 1,800 metresof drilling was completed, representing 15 shallow drill holes. Nosignificant gold results were found in the 586 samples assayed, andthe source of the soil anomaly remains unexplained at this time. Afollow-up will be done on the channel samples that resulted in 0.64g/t over 1m to better define the mineralizationassociated with the gold anomaly.
Target 2 islocated near the center of the Property. It is defined by precious(Au, Ag), base metals (Co, Cu, Zn) and trace elements (As, Ni, Tl, Bi,Rb) anomalies in the soil samples. Thisanomaly is located close to the historical boulder discoveries(outside of the Property) that assayed 9.2 g/t Au + 1.8% Cu (sample K-93-62) and 6.2 g/t Au + 0.85% Cu (K-92-53). The follow-up will include prospectingfor other similar boulders to define a potential localsource.
Target 3 is located in thesouthern part of the Property. It is defined by precious (Au, Ag),base metals (Co, Cu, Zn) and trace elements (Te, Se, Hg, Rb) anomaliesin the soil samples. A rock sample taken in an outcropping quartz vein inside tonalite has been assayed andreturned anomalous values of 13 ppb Au, 1.77ppm Ag associated with53.7ppm Bi, 3.3 ppm Mo, 2.82 ppm Nb and 1.03 ppm Te. TheCompany will complete a follow-up on the tonalite intrusion and aboulder sampling survey in this area.
Silver Anomalies are clustered to the NE of the Property. There are magneticlineaments and magnetic highs that could be the potential source. Additional soil sampling and prospectingwill be conducted in this part of the Property.
Qualified Person
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.
References
Averill, S.A., 1998. Report on 1998 Diamond DrillingProgram, Overburden Drilling Management Limited, Delafond Property,Maseres Township, Quebec; (Quebec MERN Sigeom referenceGM55916).
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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