Gold’n Futures Launches Inaugural Drill Program at the Hercules Gold Project, Greenstone, Ontario
December 08 2021 - 6:30AM
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE:
G6M), (OTC: GFTRF) (the "
Company” or
“
Gold’n Futures”) is pleased to announce the
commencement of its inaugural drill program for the Hercules gold
project and to present its drill targets for the program.
“Gold’n Futures has
conducted a thorough analyses of the historical work completed on
the Hercules project in preparation of this inaugural drill
program. During the summer and fall, the Company located and
surveyed the trenches, the sample sites and the previous drill
collars. The field team has also accurately mapped and plotted the
principal gold zones, which, when combined with the remodeling of
the historical drilling, has revealed significant new information.
It is exciting to announce that we have strong evidence indicating
the new structural controls of the gold zones. This new
interpretation may be the key to defining the high-grade gold
deposits.”
Commented, Stephen
Wilkinson, President and CEO
The Hercules gold occurrences on the Property
are exposed in the trenches completed in 2006 to 2008 by Kodiak
Exploration Limited. The veins are well-known for high grades and
lateral continuity. Figure 1 is a plan of the central trench area
of the famous Golden Mile vein over a strike length of more than
700 metres (“m”). Within the trench, grab samples
returned assays ranging from 5.76 grams per tonne gold (“g/t Au”)
up to 7,599 g/t Au. Channel samples within the same trench area
similarly ranged from 5.34 g/t Au over 1.6m up to 34.24 g/t Au over
11.1m. While surveying the trenches this summer, the
Company’s geologists noted several instances of visible gold,
confirming the tenor of the historical assay results.
The Gold’n Futures drill program is budgeted for
approximately 2,200m and plans 14 drill holes to be completed in
two phases. The Company expects the first round of drilling to
comprise up to seven holes (1,000m) before the December holidays
and resumption of the continuing program in mid-January. Figure 2
is a map of historical collars and the layout of the current drill
program holes. The first holes, HR21-01 to HR21-05 are targeting
gaps in the historical drilling and are intended to confirm the
interpreted plunge of the high-grade vein system in the north-west
part of the Golden Mile. The plunge of the high grade system
appears to be in the order of 65o to the northwest, which if true,
may be an important feature for the drill hole targeting later in
2022.
Around mid-January 2022, Gold’n Futures intends
to resume the drilling and complete the inaugural program. Drill
holes, HR21-06 to HR21-13 will be collared near the southeast end
of the Golden Mile trench where a wide, high-grade channel sample
returned 34.24 g/t Au over 11.1m. Approximately 100m of strike will
be tested to depths ranging from 50m to 125m.
A photo accompanying this announcement is
available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/299702eb-268e-473b-8d6b-c94e6ca9388f
The final hole for the inaugural program,
HR21-14, will be the southernmost of the program and will target
the deep potential of both the Golden Mile and Lucky Strike veins.
Close to the expected pierce-points for HR21-14, historical
drilling showed a cluster of significant gold grades in each of the
Golden Mile and the Lucky Strike. Confirmation of the continuity of
the deep high grade mineralization could have a positive impact on
the expansion of the gold resources.
Qualified Person
The scientific and technical content of this
press release has been prepared, reviewed and approved by Mr.
Walter Hanych, P. Geo., who is a Qualified Person under NI 43-101
regulations and is a director of the Company.
A photo accompanying this announcement is
available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/23565574-3d70-4774-b824-bb1f9bd36ab6
About Gold’n Futures Mineral
Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE:
G6M) (OTC: GFTRF) is a Canadian based exploration company focused
on advancing its Hercules gold project. The Hercules is located 200
kilometres northeast of Thunder Bay, Ont., in the townships of
Elmhirst and Rickaby, within the Thunder Bay North Mining District.
The Project is in the heart of the Beardmore – Geraldton gold
mining camp, the 4th largest gold camp in Canada and is 40 km west
of the Hardrock-Greenstone gold mine development. The property lies
within an Archean greenstone belt that extends from the Longlac
area in the east to Lake Nipigon in the west, a distance of about
130 kilometres and consists of 475 contiguous claim cells (10,052
ha). From the historical work completed on the property, the
Company has built an extensive database including reconnaissance
grab samples; channel samples; a variety of geophysical surveys;
and, a drill hole database that includes historical drilling
totalling in the order of 537 holes with more than 107,000m of
drill core. With surface grab samples grading up 10,374 g/t gold
and channel samples up to 32.96 g/t gold across 11.6 m, the
Hercules gold zones offer top tier targets for the expansion of its
historical resources.
For more information, please visit our website
at: www.goldnfuturesmineralcorp.com
For further information
Stephen Wilkinson,President and
CEOEmail: contact@goldnfutures.com
The Canadian Securities Exchange accepts
no responsibility for the adequacy or accuracy of this
release.
This news release may contain forward-looking
statements based on assumptions and judgments of management
regarding future events or results. Such statements are subject to
a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. There is no assurance the private
placement, property option, change of board or reinstatement of
trading referred to above will close on the terms as stated, or at
all. The Company disclaims any intention or obligation to revise or
update such statements.
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