DRILLING RESULTS WEST POGO BLOCK - 64NORTH PROJECT
Executive Summary
• Drilling results from the three (3) recently completed drill holes on the West Pogo Block: Echo, Reflection and Aurora Prospects were fast tracked for selected high priority zones of each hole.
• Assay results returned no significant gold intersections for Hole ID’s: 20EC05 Echo, 20RE06 Reflection and 20AU07 Aurora Prospects.
• Low grade quartz veins are known to occur on the outer-edge of the Goodpaster Prospect and Liese Zone at the Pogo Mine, hence the geological significance of the 7m quartz vein at hole 20AU07.
• Two further holes are planned at the highly prospective “Central Zone” of the Aurora Prospect to test the grade variability and extent of the 7m thick quartz vein intersected at 20AU07.
• All-year road access allows drilling to continue through winter.
• Drilling planned to resume by early November and be completed within the month.
• Fully funded drilling with news flow for the remainder of 2020.
“Although these results are below expectations, we know from quartz vein hosted gold systems generally and the Pogo Mine and Goodpaster Prospect, that there can be large variations in grade and vein thickness within short distances. The geology team is encouraged by the presence of the 7m thick quartz vein at Hole #7 and it is important to drill more holes into this immediate area to test for grade variation, lateral extents of the vein and possible stacked vein sets nearby.”
- Managing Director, Duncan Chessell
