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Generic Gold Corp.
Summary
| Project: | VIP | |
|---|---|---|
| Deposit: | VIP | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2018: Generic Gold Corp. announces an Exploration/Drilling Update report for its VIP deposit at the VIP project. Drilling results incl. 101.12m @ 0.019g/t Au from 0m. Toronto, Canada--(Newsfile Corp. - November 14, 2018) - Generic Gold Corp. (CSE: G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kelly Malcolm (Internal) | |
| ABSTRACT: | Toronto, Canada--(Newsfile Corp. - November 14, 2018) - Generic Gold Corp. (CSE: GGC) (FSE: 1WD) ("Generic Gold" or the "Company") announces the results of a reverse circulation ("RC") drill program on its VIP property in Yukon, Canada. The drill program consisted of 1,090 metres in 11 shallow drillholes testing several multiparameter targets on the property. The majority of the program was focused on an area known as the Redbull Zone, on which the Company has completed several preparatory exploration campaigns including soil sampling, prospecting, geoprobe sampling, and trenching (see Generic Gold press release dated September 21 st , 2018). Drilling confirmed the auriferous nature of the structure, with broad zones of anomalous low grade gold mineralization, as shown in Table 1 and Figure 1 below. Economic grade mineralization was not encountered during this campaign, although within the mineralized intervals noted below every sample returned elevated gold values. This is indicative of a primary mineralized structure. The next stage of exploration on the target will involve testing laterally along this fault for secondary mineralizing cross-cutting structures or variations in host rocks which may deform in a more brittle fashion and increase the potential for higher gold values elsewhere in the system | |
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