(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - July 24, 2023, Four Nines Gold Inc.( “ FourNines ” or the “ Company”) (CSE:FNAU ) ( OTC:FNAUF) is pleased to announce that the Lassen County CaliforniaDepartment of Planning and Building Services has approved the HaydenHill Exploration Project Notice, submitted June 7 th, 2023. TheHayden Hill Property is located in Lassen County, California,approximately 60 miles north of Susanville. Regulatory approval ofthe proposed drill program is a significant milestone that will allowFour Nines Gold to advance the exploration of the exceptional andhigh-quality Hayden Hill property .
Key highlights for the approved exploration proposalinclude :
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Approval: Ten (10) sites, at 1 acre of newdisturbance, approved to drill, for up to 25,000 lineal feet of PQcore,
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Drill hole Plan: Results from the newly initiatedsurface mapping and sampling, in conjunction with the historical drilldatabases, will be utilized to finalize the design of individual drillholes.
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Environmental Considerations: The Phase 1 drill planhas been designed to take full advantage of existing disturbances onthe property, and to minimize new disturbances.
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Roadmap: The approved drill plan provides a clear pathto further explore the Property at depth.
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Opportunity: The property has not been drill exploredsince 1997.
Regulatory Approval :
The recently approved Exploration Notice allows fordrilling to be conducted on 10 sites, from which drilling can beimplemented at any desired azimuth and inclination. The State ofCalifornia, in addition to surface disturbance, regulates the volumeof material “removed” by exploration activities. The approvalpermits the drilling and removal of material with a volume up to25,000 feet of PQ-diameter core. Six (6) of the sites willfacilitate the drilling of the Lookout Zone (see maps below), one (1)to explore the East Vein, and one (1) the Juniper Zone. The southernProvidence and the western Golden Eagle zones can both be drill testedfrom the GE-N3-1 site. A large zone of historically mapped brecciacan be tested to depth from the P4-HVB site. The Exploration Noticehas been prepared with assistance from SRK Consulting personnel fromthe Reno, Nevada office.
Field Program Update :
An update on the surface mapping and sampling program,initiated in late June 2023 and as of mid-July 2023, includes:
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Team of two (2) experienced field explorationgeologists dedicated to the program, with guidance from Four Nine’sCorporate and consulting Experts on a regular basis,
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Approximately 40% of the Property has been first-passsurface mapped and sampled,
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153 rock chip grab samples collected,
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Verified multiple mineralizing features described inthe historical data, including epithermal veins, hydrothermal brecciasand quartz stockworks,
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Identified additional mineralizing features notpreviously described, including faults, epithermal veins andhydrothermal breccias.
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Precise characterization of the various HydrothermalVent Breccia occurrences,
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These epithermal veins, hydrothermal breccias andquartz stockworks are favorable sites for the deposition of gold andsilver mineralization.
The surface grab rock chip samples will be analyzed bythe ALS Laboratory in Reno, Nevada. The samples will be processed(ALS codes below) according to the following:
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Preparation: Prep-31 as default, Prep-31BY forsamples where visible gold has been observed,
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Gold assay: Au-AA23 (fire assay with AASfinish); defaults to a 2 nd analysis byAu-Grav21 (gravimetric finish) when the concentration from the Au-AA23assay is 10 g/t,
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Silver assay: ME-ICP61 (4-acid digestion,ICP determination); includes additional other major and traceelements,
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Certified reference and blank material samples will beinserted into the rock samples submittal,
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Chain of custody and security will be maintained forthe collected samples,
Assay results of the rock chip samples arepending.
The findings of the surface mapping and samplingprogram will be utilized to finalize the design of individual holes tobe drilled in a future exploration program.
"We are thrilled to receive regulatory approvalfor our Phase 1 drill program, which allows for further exploration ofour flagship Hayden Hill gold project. The geologic knowledge gainedfrom the recently initiated field program also will be invaluable tothe ultimate design of each drill hole," said David Flint, VPExploration of Four Nines Gold. "We believe that findings fromthe surface program and approval of the drill program will beinstrumental in attracting strategic partners, investors, andfinancing to advance our operations.”
Approved Drill Site Map
Hayden Hill Mineral Zones
Four Nines Gold Sample LocationMap
David Flint, MSc, AIPG-CPG, a qualified person asdefined in NI 43-101 and a director of the company, has reviewed andapproved the technical information in this press release.
About Four Nines Gold Inc.
Four Nines Gold Inc. has the right to acquire 100% ofthe Hayden Hill Mine from a Kinross Gold USA Inc subsidiary. TheCompany is exploring and developing the project in mining-friendlyNorthern California. Hayden Hill is a former producing mine with99,862.42 meters of drilling in 742 holes and no systematic propertyexploration since the mine closed in 1997. Four Nines Gold Inc.continues to hold an option to acquire 100% interest in the Bonnevillegold-silver-copper project in central Quebec. For more information,please get in touch with the Company at info@fourninesgold.ca or visit ourwebsite at www.fourninesgold.ca for project updates and related backgroundinformation.
ON BEHALF OF THE BOARD OF DIRECTORS
FOUR NINES GOLD INC.
Charles Ross
President
1000 - 409 Granville Street
Vancouver, BC, V6C 1T2
Tel: 604.602.0001
Forward-looking statements
This press release contains forward-looking statementsand forward-looking information within the meaning of Canadiansecurities laws (collectively, “forward-looking statements”).Statements and information that are not historical facts areforward-looking statements. Forward-looking statements are frequently,but not always, identified by words such as “expects”,“anticipates”, “believes”, “intends”, “estimates”,“potential”, “possible” and similar expressions, or statementsthat events, conditions or results “will”, “may”, “could”or “should” occur or be achieved. Forward-looking statements andthe assumptions made in respect thereof involve known and unknownrisks, uncertainties, and other factors beyond the Company’scontrol. Forward-looking statements in this press release includestatements regarding beliefs, plans, expectations, or intentions ofthe Company. Mineral exploration is highly speculative andcharacterized by several significant risks, which even a combinationof careful evaluation, experience and knowledge may not eliminate.Forward-looking statements in this press release are made as of thedate herein. Although the Company believes that the assumptions andfactors used in preparing the forward-looking statements in this pressrelease are reasonable, undue reliance should not be placed on suchstatements. The Company undertakes no obligation to update publicly orotherwise revise any forward-looking statements, whether as a resultof new information or future events or otherwise, except as may berequired by law.
Neither the Canadian SecuritiesExchange nor its regulation services provider accepts responsibilityfor the adequacy or accuracy of this news release.
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