Head
Office: 1231
Huron Street, London, Ontario, N5Y 4L1
Goldseek
Announces
Maiden
Drill
Program
at Southern
Arm
(Fenelon)
and
Expanded
Drill
Permit
November
18,
2020, London, Ontario
–
Goldseek Resources Inc.
(CSE:GSK)
("Goldseek"
or the "Company")
is pleased to announce
that
after receiving
its
initial drill permit that it
has
expanded
it
to include additional holes.
The
maiden
drill program now totals
51 till
sample
holes and
4 diamond drill holes which
will
serve
two purposes:
The first objective is to sample till material beneath the clay
deposits and the second objective will be to perform diamond
drilling on the currently defined targets, as
seen below:
Goldseek's President & CEO Jon Deluce states,
"For
our maiden program in early 2021,
we look
forward to doing a combination of till percussion drilling and
diamond drilling. The Fenelon Camp has large depths of
overburden,
which has limited discoveries in the past
and
is why we believe till percussion drilling is an effective way to
create strong targets along our 7
Km
conductive trend. The targets
that
are currently drill-ready
will be
tested
by diamond drilling during the same program.
By
taking this strategy,
we
will
increase our chances of making a discovery in this very active gold
camp that has seen very impressive high-grade intercepts
by our neighbor Wallbridge Mining.
"
Figure 2: Area Map
Is it
important
to note that previous till sampling using RC drilling was
successful in defining gold anomalies with a possible source on the
Property (4,790; 4,690 and 7,110 ppb Au)
since the anomalies are respectively 250m; 2 km and 4.7 km away
from the Property
border,
which is located up-ice from the anomalies.
The Company's till drill program will follow up on those historical
results with a tighter
grid while also sampling till down-ice from the
Bapst
fault, of which the Company owns
over 7.3km
of strike
length.
The till survey will
allow the Company to
define specific drill targets along
the fault
to follow-up
with
geophysics
and diamond drilling.
In parallel, the Company will also be testing
drill-ready targets,
including Target 1.
-
This target has never been drilled and contains multiple features
that indicate
gold mineralization potential:
A
break in a conductive
anomaly is
located along the
Bapst
fault
2.4km
from
Target
1.
This indicates
a change in the mineralogy of the host rock.
-
At the target's NW edge, a break in
the magnetic signal is
also visible.
A shift of the magnetic unit
toward NE
is present and indicates
a
potential NE-SW fault that cross-cuts
the magnetic signal.
This fault may well be related to multiple gold showings located SW
of the Property (H-1432-068;
Ruisseau
Twinning; Lac
Sicotte-NE
and Lac
Sicotte).
-
Prior drilling
indicates
that the
conductors on the
Bapst
fault, along the magnetic anomaly, are formational conductors and
mostly generated by graphite mineralization
associated with
sulphide.
A local conductive
anomaly is located
at
Target
1. This indicates
that the conductor is not formational in nature and could
be
related to
sulphide
mineralization rather than graphite.
-
Multiple high gold anomalies in till are found directly
down-ice
from the Property and
their
source
is
most likely on the Property. Previous RC drilling with till
sampling purpose showed anomalies of
4,790; 4,690 and 7,110 ppb Au in three different holes located
respectively
250m; 2 km and 4.7 km away from the Property limit, located up-ice
from the anomalies.
Figure 1
shows the targets on the Property
and the currently
planned drill holes. The Company is currently undergoing the
permitting process and expects
to start work at Fenelon in
early
2021.
Qualified
Person
This
press release was prepared by Steven Lauzier, P.Geo,OGQ
who
is
a qualified person as
defined under National Instrument 43-101, and who
reviewed
and approved the geological information provided in this news
release.
About
Goldseek Resources
Inc.
Goldseek
Resources Inc. is a Canadian exploration company with a portfolio
of assets in Ontario and Quebec, Canada. By identifying five
projects in world-class mining locations, Goldseek is poised to
deliver shareholder value through rigorous exploration and
development on these properties. Our mission is to find the next
major discovery in the mining camps of Urban Barry,
Quevillon,
Val D'Or and Detour Gold Trend in Quebec and Hemlo in
Ontario.
ON BEHALF
OF THE BOARD
Jonathon
Deluce
Chief
Executive Officer
Telephone:
226-271-5170
For
more information,
please contact:
Goldseek
Resources
Inc.
E-mail:
goldseekresources@gmail.com
The
reader is invited to visit Goldseek's
web site
https://www.goldseekresources.com/
Neither
the Canadian Securities Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.