Golden Tag (GOG:V): Reports 175.30 m of 88.54 g/t Ag.Eq, 10% Grade Improvement Observed, From Infill Sampling at San Diego
TORONTO, Feb. 17, 2021 (GLOBE NEWSWIRE) — Golden Tag Resources Ltd. (“Golden Tag” or the “Company“) (TSX.V: GOG) (OTCQB: GTAGF) is pleased to provide initial results from the ongoing 4,500 metre (“m”) exploration program on the Company’s 100% owned San Diego Project, one of the largest undeveloped silver projects in Mexico. A program of infill sampling on historical diamond drill holes has advanced, results from two holes have significantly expanded the size of identified mineralized zones and in one of the holes, increased previously reported grades by 10%.
Key highlights include:
- Infill sampling from historic hole SD-11-42 identified a significantly broader zone of mineralization, compared to the area originally sampled, including 175.30 metres of 88.54 g/t Ag.Eq. Four new mineralized zones were identified proximal to the Fernandez Zone, including two shallower zones.
- Infill sampling from historic hole SD-11-40 resulted in an increase in the reported grade by 10%, intersecting 298.02 metres of 101.96 g/t Ag.Eq. Three new shallower zones of mineralization have been identified above the Fernandez Zone.
- A comprehensive infill sampling program will be implemented on 2,500 – 3,000 metres of historical diamond drill holes, with a goal of realizing further improvements in geological, mineralization, and grade continuity within the broad mineralized envelope. Collectively these have the potential to significantly increase the mineralization envelopes and provide further grade improvements.
Greg McKenzie, President and CEO commented: “We are pleased to see the current drill program is advancing with strong productivity, despite challenges associated with COVID. Infill sampling and assays of previously unsampled areas have generated insight, and allow us to significantly expand mineralized areas, improve continuity and has demonstrated higher grades. As our exploration program continues over the coming months, we look forward to unlocking further value on the San Diego Project.”
Status of Ongoing 4,500 Metre Exploration Program
During the fourth quarter of 2020 the Company initiated a 4,500 metre diamond drill program on the San Diego Project, the first drill program on the property since 2012. To date a total of approximately 2,700 m of drilling has been completed in 6 holes targeting the Trovador Structural Zone, and the area up-dip, and to the south of the Fernandez Zone. A total of 1,787 samples have been sent to ALS Geochemistry for analysis with assays pending. Current drilling is being conducted with oriented core so that the spatial orientation of the mineralization can be determined.
Infill Sampling Identifies Large Areas of New Mineralization, Increases Grades & Widths
In preparation for the current program, historical holes SD-11-40 and SD-11-42, drilled in 2011 prior to discovery of the Fernandez Zone, were relogged leading to several key observations. Both holes were previously unsampled throughout significant portions of the holes, likely a result of focusing exploration on narrow high-grade silver veins. A total of 852 samples were sent for analysis, initial results are highly encouraging and demonstrate the bulk tonnage potential of the zones.
Hole SD-11-42 was collared approximately 130 m to the west-southwest of SD-11-40 and crosses it obliquely at approximately 500 m vertically above SD-11-40.
Infill sampling results from Hole SD-11-42:
Systematic sampling of hole SD-11-42 has now identified a significantly broader zone of mineralization above, within, and slightly below the Trovador and MS Zones compared to what was originally understood to be present. Together, this area (Trovador Structural Zone) returned 175.30 m grading 88.54 g/t Ag.Eq and is likely related geologically to the Fernandez Zone. The Trovador and MS Zones are part of a much larger northwest trending structural zone containing mineralization which was previously unreported or unrecognized. The relogging of the core has led to the observation that several areas are mineralized with both quartz-sulphide veins and disseminated sulphides.
Four new mineralized zones were identified, including two new shallower zones that could potentially be amenable to open pit mining within the first 300 metres from surface as indicated in Table 1.
