GFG drills 22.9 m of 0.95 g/t Au at Rattlesnake Hills
GFG RESOURCES Inc. has released further drill results from its continuing 2017 exploration drill program at its 100-percent-controlled Rattlesnake Hills gold project in Wyoming. The 2017 exploration program was designed to take an aggressive, district-scale approach by testing beyond the boundaries of historical drilling and evaluating new targets in the district that have similar geologic traits to North Stock and Antelope basin. Year to date, stepout drilling has successfully proven that the known gold deposits remain open and continue to grow.
• Extended gold mineralization 100 metres to the west at North Stock in RSR-019, which intersected 0.95 gram per tonne gold over 22.9 metres and hosted
• Hole RSR-011, a 130-metre stepout hole, extends gold mineralization to the west, returning 0.88 g/t Au over 18.3 metres and 0.59 g/t Au over 53.3 metres. System remains open to the west;
• Hole RSR-014, highlighted by 0.88 g/t Au over 27.4 metres and 0.40 g/t Au over 64.0 metres, expanded the southwestern extension of the North Stock deposit by 75 metres;
• Hole RSC-186 was a 200-metre stepout hole to the east from the North Stock deposit and demonstrated the system continues and remains open;
• The company has completed approximately 90 per cent of the 2017 drill program or 43 holes and has three holes that remain to be drilled. The program is expected to be completed in the coming weeks and assays will be released as t hey be come available.
(See GFG Table 1 on page 8)
Brian Skanderbeg, president and chief executive officer, said: “Stepout drilling in the brownfield environment continues to expand gold mineralization and outline the scale of the deposits. We have now demonstrated that the North Stock deposit has a strike length of approximately 750 metres and remains open to the west and southwest. Drilling in the middle ground between North Stock and Antelope basin continues to return economic intercepts which highlight the potential to link the two deposits and outline a system that is approximately 1.1 kilometres in length. Based on the exploration success in the brownfield areas, we have reallocated some greenfield drilling metres to focus on the middle ground and along the eastern flank of Antelope basin. Drill success in these areas would materially impact our geological model and positively impact the maiden resource estimate in first half 2018. Our 2017 drilling program is nearly complete and with approximately 50 per cent of the assays pending, we remain confident that we will continue to see expansion in the brownfield target areas and expect to provide further results in the near future.”
We seek Safe Harbor.
Karen Baxter condensed this news release (email@example.com).
Jonathan Charles Timothy Awde, Stephen Edward de Jong, Patrick Gerard Downey, Brian Neville Skanderbeg
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