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G2 Goldfields Inc.
Summary
| Project: | Sandy Lake | |
|---|---|---|
| Deposit: | Sandy Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-9-2019: G2 Goldfields Inc. announces an Exploration/Drilling Update report for its Sandy Lake deposit at the Sandy Lake project. Drilling results incl. 0.73m @ 450.04g/t Au from 69.64m. TORONTO, Sept. 03, 2019 -- G2 Goldfields Inc., (TSX: GTWO) (the “Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dan Noone (Internal) | |
| ABSTRACT: | TORONTO, Sept. 03, 2019 -- G2 Goldfields Inc., (TSX: GTWO) (the “Company”) is pleased to announce the discovery of a new high-grade gold zone (“W3”) at the Company’s Sandy Lake Project, Northwest, Ontario. The new discovery is located approximately 1.8 km west of the Company’s initial W1/W2 discovery area. (see press release dated May 13, 2019) The W3 Zone was initially tested by seven drill holes of which the Company has received assay results for six holes, three of which intersected significant gold mineralization. Widths are drill indicated core lengths, as insufficient drilling has been undertaken to determine true widths at this time. Drill Hole 19-16 is approximately 230 meters west of holes 19-12 and 19--4. Mineralization in the W3 area is hosted within a tightly folded Banded Iron Formation (BIF), which initial drilling has demonstrated to be up to 60 meters in width. Gold mineralization in the sulphurised (pyrrhotite, pyrite, and chalcopyrite) BIF; which is coincident with chargeability anomalies defined by a VTEM geophysical airborne survey flown by G2 Goldfields in 2015. Importantly, geophysical studies by G2 Goldfields, as well as new geophysical data from the Government of Ontario, has outlined numerous VTEM anomalies throughout the 60km long BIF within the Company’s holdings. | |
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