Results from 2018 Diamond Drilling Support Planned 2019 Exploration at WestKam’s Bonaparte Property
December 11 2018 - 7:30AM
WestKam Gold Corp. (TSX-V: WKG) (the
“
Company” or
“WestKam”) has
received assay results from an eight-hole drill program completed
on September 29, 2018 at its Bonaparte property located near
Kamloops, BC.
The 591.32-meter drill program was designed to evaluate the
potential for extending to depth known, near-surface high grade
gold mineralization exposed along the Crow-Grey Jay-Owl vein
structure where a 3,700-tonne surface bulk sample in 1994 recovered
98 kilograms of gold.
“Once again, drilling in the Discovery Zone area of Bonaparte
has generated encouraging results,” said WestKam President and CEO
Matt Wayrynen. “When combined with past work, especially our
successful historical bulk sampling, these results further
reinforce our premise that Bonaparte may host a significant gold
resource.”
The company will be analysing and incorporating the results into
plans for continued exploration. “Our intent is to look at the next
phases of exploration at Bonaparte on a property-wide scale,” added
Wayrynen. “This comprehensive approach will begin with the upcoming
2019 season.”
Drilling was completed from three drill setups spaced 10 meters
and 15 meters apart, targeting between 10 and 40 meters below the
historic surface bulk sample. Three drill holes each were collared
from the first two drill pads while the remaining two drill holes
were collared from the southern most drill setup.
Table of Significant Results
Hole
2018-02: |
0.94 g/t
Au over 1.2 meters (28.0 to 29.2m) |
Hole
2018-04: |
5.29 g/t
Au over 2.0 meters (32.3 to 34.3m) |
|
including |
|
9.79 g/t
Au over 0.9 meters (32.3 to 33.2m) |
Hole
2018-06: |
9.78 g/t
Au over 0.2 meters (23.3 to 23.5m) |
Hole
2018-07: |
11.9 g/t
Au over 1.1 meters (37.1 to 38.2m) |
Further drilling is recommended to follow up on historical,
near-surface high grade gold intercepts to develop a near-surface
resource.
To date the bulk of the historical drilling has concentrated in
the central to northern portions of the quartz vein system, while
additional drilling is further recommended to the south along
strike where a historical trench in 1989 uncovered a shear zone in
quartz diorite containing four-to-five, 3-centimeter quartz veins
returning 21.02 g/t Au over 1.5m and a 1998 drill hole which
intersected the south Crow extension returning 11.326 g/t Au over a
3-meter estimated true width. The location of these intercepts
demonstrates the potential for vein extension to the south beneath
the overlying Miocene Chilcotin Group basalts where Volterra 3D
Induced Polarization and magnetic geophysical surveys in 2013 and
2014 successfully delineated anomalous chargeability and
resistivity zones and parallel features for Discovery Zone style
Au-vein targets which extend over 2 kilometers in length.
The historical Cooler Creek Cu-Au soil geochemical anomalies lie
east of the Discovery Zone where 2013/2014 geophysical surveys
identified several parallel conductivity and chargeability trends
extending 2 kilometers from the Discovery Zone to the southeast
through the Cooler Creek soil anomalies. Outcrop is limited in the
valley by glacial till cover.
Historical prospecting and sampling along the Cooler Creek trend
located an angular boulder of quartz vein float grading 74 g/t Au,
while individual soil sample results returned values up to 3,270
ppb Au in soil. In 2015 a drill hole located along the northern
limits of the historical soil geochemical survey and the 2013/2014
Volterra 3D IP and magnetic geophysical surveys intersected 7.88
g/t Au, 38.4 g/t Ag and 0.33% Cu over 1.0 meter core width. This
zone is open to extension to the north and south.
Several contrasting resistivity/chargeability anomalies on
strike to the south of the Crow-Grey Jay-Owl vein system and
contrasting chargeability/resistivity with coincident Cu-Au soil
geochemical anomalies along the Cooler Creek trend provide
excellent drill targets for follow up in the coming year.
About WestKam Gold Corp.WestKam is a Canadian
gold exploration company focused on developing the Bonaparte Gold
Project near Kamloops, British Columbia. Additional
information can be found on the Company’s website at
www.westkamgold.com.
Technical information in this news release has been reviewed by
R. Kemp P.Geo a Qualified Person as that term is defined in NI
43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
“Matt Wayrynen”
Matthew J.
Wayrynen, President & CEO
WestKam Gold Corp.Suite 900, 570 Granville
StreetVancouver, BC V6C 3P1 |
Contact: |
Investor Relationsir@westkamgold.comwww.westkamgold.com |
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responsibility for the adequacy or accuracy of this
release.
Forward-looking
information All statements included in this press
release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. In particular, this
news release contains forward-looking information regarding the
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Company based on its experience, perception of historical trends,
current conditions, expected future developments and other factors
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Company does not intend to revise or update these forward-looking
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occurrence of future unanticipated events.
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