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Winston Gold Mining Corp.
Summary
| Project: | Winston | |
|---|---|---|
| Deposit: | Winston | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2016: Winston Gold Mining Corp. announces an Exploration/Drilling Update report for its Winston deposit at the Winston project. Drilling results incl. 0.61m @ 109.5g/t Au from 238m. WINNIPEG, MANITOBA – November 15, 2016 – Winston Gold Mining Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Crissman Capps (Capps Geoscience LLC) | |
| ABSTRACT: | WINNIPEG, MANITOBA – November 15, 2016 – Winston Gold Mining Corp. (“Winston Gold” or the “Corporation”) (CSE: WGC) (OTCQB: WGMC) is pleased to announce that it has received the first assay results from its Phase-1 drilling campaign on its wholly owned Winston gold project near Helena, Montana. “We are very excited by these drill results because they confirm our initial predictions about the highgrade nature of this gold system,” commented Murray Nye, CEO and Director of Winston Gold. “We believe that these two holes may have intersected the down-dip extension of the Edna Vein Trend. If this is the case, it proves there is good continuity of these vein structures.” Hole W1630 was drilled towards the south at a dip of minus 70 degrees. It intersected 7 ft. (true width 5 ft.) averaging 0.533 ounces per ton gold (18.27 grams per tonne). The intercept occurred at a down-hole depth of 116 ft. (35.3 metres). Hole W1631 was collared on the same drill pad and was drilled above hole W1630 at an angle of minus 45 degrees. It intersected two intervals of gold mineralization: 8 ft. (estimated true width 5.5 ft.) averaging 0.19 opt gold (6.51 g/t) and 3 ft. (true width) averaging 0.159 opt gold (5.45 g/t). The intercepts occurred at a down-hole depth of 174 ft. (53.0 metres) and 276 ft. (84.1 metres), respectively. “We can see at least three mineralizing events on the Winston property and all of them are structurally controlled,” stated Mr. Nye. “Understanding these structural controls is the first step to properly developing an effective mine plan.” Drill holes W1630 and W1631 were drilled to test the Edna Vein trend 820 ft. (250 metres) south of a 3- hole fan of holes that intersected the shallow dipping Edna Trend vein system in 2014. These three 2014 drill holes returned the following assay values. The results shown represent the diluted weighted average over a potential 5 ft. (1.5 metre) mining width. The undiluted values can be seen in the chart at the end of this press release. | |
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