2020-08-24 18:06 ET – News Release
Mr. Harold Forzley reports
PROPERTY UPDATES FOR BATHURST METALS CORP.
Bathurst Metal Corp. has released an update on the company’s 100-per-cent-owned properties located in northwest Nunavut.
Turner Lake project
The Turner Lake 3,500-hectare property contains the Main and East gold zones and the Nickel Knob massive sulphide mineral deposits. The gold zones are hosted along a classic Archean age, iron/magnesium tholeiitic contact with gold mineralization occurring mainly within a crackle fractured greywacke containing quartz veinlets to veins; visible gold is common. Discovered in the 1960s the Main gold zone has only had 22 diamond drill holes tested across the contact from Chevron minerals in 1986-1989, and Northrock Resources in 2008/2009. Historical diamond drilling results, including from Chevron Minerals, is seen in the table.
CHEVRON 28.00 g/tonne Au 4.75 metres 12.86 g/tonne Au 8.87 metres 15.20 g/tonne Au 4.00 metres 10.00 g/tonne Au 4.00 metres * All lengths presented are core lengths. True widths are estimated to range between 50 to 70 per cent.
Northrock Resources’ diamond drilling results can be seen in the table.
NORTHROCK RESOURCES 13.20 g/tonne Au 13.00 metres 22.54 g/tonne Au 12.00 metres 16.20 g/tonne Au 8.50 metres * All lengths presented are core lengths. True widths are estimated to range between 50 to 70 per cent.
The East gold zone is approximately two kilometres east of the Main gold zone along the same strike. Grab rock samples have returned up to 31.0 grams/tonne gold and the zone has not been drill tested. The Nickel Knob massive sulphide deposit is approximately 1.9 kilometres south of the Main gold zone and has had only limited drill testing consisting of five diamond drill holes. All holes encountered massive sulphides with the best intercept recorded being 1.81 per cent copper, 1.64 per cent nickel, over 14.0-metre core length.
The Main gold zone is drill ready, proposed diamond drilling will test the zone on a 50-by-50-metre pattern with the plan to conduct an NI-43-101 resource study upon its completion.
The McAvoy Lake 2,700-hectare project area covers known north-south-trending gold mineralization over 4.0 kilometres. Previous work had discovered this Archean age gold mineralization with gold concentrations in grab samples over 50 grams/tonne. There is no additional information of any systematic mineral exploration including geophysics or drilling having been completed on the gold zone.
The McAvoy project is an early stage green fields gold exploration property that requires detailed geological mapping and sampling and possibly geophysical surveys before drill testing.
Gela Lake project
Gela Lake, a 2,400-hectare project, covers a Proterozoic monzo-gabbro intrusive that intruded the regional Bathurst inlet fault. Field studies conducted in 1975 located high concentrations of copper, nickel and cobalt all in close proximity to the monzo-gabbro intrusive. Future studies will entailed geological mapping and rock sampling of the monzo-gabbro intrusive and mineralization proximal to the intrusive.
Lorne Warner, PGeo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
We seek Safe Harbor.