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Generic Gold Corp.
Summary
| Project: | Livingstone | |
|---|---|---|
| Deposit: | Livingstone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 4/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-4-2018: Generic Gold Corp. announces an Exploration/Drilling Update report for its Livingstone deposit at the Livingstone project. JV with Nevada Zinc - Drilling results incl. 4m @ 0.27g/t Au, 1.63g/t Ag from 130.5m. Toronto, Ontario- (Newsfile Corp. - | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kelly Malcolm (Internal) | |
| ABSTRACT: | Toronto, Ontario- (Newsfile Corp. - April 12, 2018) - Generic Gold Corp. (CSE: GGC) ("Generic Gold" or the "Company") is pleased to announce results of exploration activities completed at the Livingstone Gold Project ("Livingstone" or "the Project"), approximately 85 kilometres northeast of Whitehorse, Yukon Territory. President and CEO, Kelly Malcolm commented: "I am very pleased to report the first ever drill results from the Livingstone area. We have definitively identified a large-scale mineralized fault system that covers the headwaters of five of the six high energy placer creeks on the property, which are characterized by very coarse gold nuggets. We look forward to continued exploration work along the Big Salmon fault in the coming field seasons." The 2017 work program was the first time that core drilling was completed to test for gold in bedrock along the Livingstone Project's 14 kilometre length. In addition, new claims were staked, soil sampling and prospecting were completed, and a comprehensive compilation and interpretation of existing company and government geophysical and geochemical data was completed. The Livingstone Project covers an area of roughly 14 x 4 kilometres, located 85 kilometres northeast of Whitehorse, and is accessible by a winter road, fixed wing aircraft, and helicopter. Five west-draining creeks, all of which have their headwaters on the Livingstone property, are known for having produced numerous multi-ounce gold nuggets, some of which still contain primary quartz vein and accessory mineral material. Placer mining has been occurring sporadically in the Livingstone area since 1898. In 2016, the YukonGeological Survey flew a 4,226 kilometre airborne VTEM survey, which identified several target areas that the government (Colpron et al., 2017) indicates "define potential exploration targets for the source of placer gold in the centre of the Livingstone Creek area." | |
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