Ongoing Drilling. Two rigs are currently drilling at the Larder Gold Project with one rig exploring the Bear Deposit and the second rig exploring the Cheminis Deposit (Figures 1 & 2).
GTR-19-005W2 intersected the North, Ultramafic and South Volcanic (South Flow) zones. Gold values include 12.7 g/t Au over 5.0 meters and 2.5 g/t Au over 4.9 meters (Figure 2).
GTR-19-006A intersected all three major mineralized units including the North, Ultramafic and South Flow zones (Figure 4). Gold values include 9.7 g/t Au over 3.0 meters and 8.5 g/t Au over 4.0 meters.
Nathan Tribble, VP Exploration stated, We are continuing to see robust grades over significant widths at our Larder Gold Project and the program has delivered an exceptional hit rate to date. Importantly, we have already achieved our first goal of demonstrating continuity within the high-grade lens at the Bear Deposit. Going forward, our aim is to expand the Bear Deposit with aggressive step out drilling.
The North zone displayed 5-7% disseminated pyrite, patches of quartz breccia/veining, graphitic alterations associated with increased silica-sericite alterations and moderate fuchsite-carbonate-chlorite alterations. The ultramafic zone displays strong talc-chlorite alteration and schistose texture. The South Flow zone displays volcanoclastic characteristics with aphanitic textures, zones of increased brecciation/fracturing and 1-2% fine grained pyrite with local chalcopyrite.
The North zone displayed 10-15% fine grained pyrite, trace chalcopyrite, strong silica-sericite alteration with increased graphitic lenses and weak fuchsite-carbonate-chlorite alteration. Ultramafics displaying strong talc-chlorite alteration with increased abundance of quartz-carbonate stringers and schistose textures. The South Flow is heavily altered by strong silica-sericite-carbonate-fuchsite-graphite bands with zones of increased brecciation and 2-3% fine grained pyrite. Multiple localities of visible gold between 871-875 meters.