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Steppe Gold Ltd.
Summary
| Project: | Altan Tsagaan Ovoo | |
|---|---|---|
| Deposit: | Altan Tsagaan Ovoo | |
| Location: | Mongolia | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 5/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-5-2018: Steppe Gold Ltd. announces an Exploration/Drilling Update report for its Altan Tsagaan Ovoo deposit at the Altan Tsagaan Ovoo project. Drilling results incl. 46.0m @ 14.98g/t Au, 82.02ppm Ag from 218.5m. Toronto, ON – Steppe Gold Limited (TSX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Oyungerel Bayanjargal (GSTATS Consulting LL.) | |
| ABSTRACT: | Toronto, ON – Steppe Gold Limited (TSX: STGO) (the “Company” or “Steppe Gold”) is very pleased to announce that the Company has commenced an extensive infill and extensional resource drilling program at its 100% owned Altan Tsag aan Ovoo Project (“the ATO Project”), located in Mongolia. The Company has now commenced its Stage 2 drilling program at its 100% owned ATO Project. A total of three diamond core drilling rigs are currently operating on site and conducting infill and resource extension drilling at the ATO4 Deposit. All drilling is HQ diamond drill core. Upon completion of the drilling at the ATO4 Deposit, drilling rigs will move onto infill and extension drilling at the ATO2 deposit, followed by drilling at the Mungu Deposit, Mungu Gap and the Mungu Extended prospects. The Company will have an active drilling program throughout 2018 with updated resource calculations for the ATO Deposits and Mungu Deposit by the end of 2018. The Company expects to have regular drilling updates covering the Stage 2 drilling program in the coming months. STAGE 1 DRILLING PROGRAM Since taking control of the ATO Project the Company has completed a highly successful Stage 1 drilling program totalling 66 holes at the Mungu Deposit, three drill holes at the ATO4 Deposit, four drill holes at Tsagaan Temeet prospect, one drill hole at the Bayanmunkh prospect and sixteen drill holes at the Bayangol prospect for a total of 8,821.6 metres. | |
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