REGIONAL EXPLORATION UPDATE – EAST POGO & DIVIDE, 64NORTH PROJECT, ALASKA

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Figure1. Low-cost ground geophysics ELF-EM crew moving between stations at the George Prospect, Divide Block, 64North Project.

HIGHLIGHTS

 

  • Regional summer field programs completed at the Miranda and George Prospects within the East Pogo and Divide claims respectively.

  • At the Miranda Prospect, recently completed detailed soils and ELF-EM geophysical surveys will be used to identify new drill targets within the proximal zone of an Intrusion-Related God System (IRGS).

  • At the George Prospect the porphyry potential has been confirmed, where a detailed mapping program identified an extensive sulphide bearing porphyry above a near surface (<100m) magnetic anomaly with a footprint size typical for globally economic deposits. An ELF-EM survey was completed to map subsurface alteration and sulphide distribution of the porphyry.

  • At the Elaine Cu-Au-Mo Porphyry Prospect, on the Divide Block, 2021 rock-chip and historical drill core re-assays returned maximum values of 1.27g/t Au and 3.35m @ 0.42% Cu, including 0.91m @ 0.57% Cu from 89.9m respectively. This shallow test on a Greenfields target is very encouraging, especially given the deepest hole terminated in the highest copper grades.

 

Exploration Manager, Christine Lawley commented:

“The recently completed low-cost regional exploration program is expected to define drill ready targets for the 2023 field season. ELF-EM and surface geochemical sampling has been focussed over the Miranda and George Prospects and we look forward to receiving the modelling results in October.

We’ve barely scratched the surface on the porphyry potential at the Divide Block yet have some encouraging results with the presence of low-grade Cu-Au-Mo mineralisation in shallow historical drill core at the Elaine Prospect and mounting evidence for a large near surface porphyry system at the George Prospect.

We are very pleased to have completed this regional exploration program efficiently on the back of the focus on the Tourmaline Ridge Prospect diamond drilling program.”

 

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