Edgemont Gold Corp. has obtained a Multi-Yr Space-Primarily based Allow from the B.C. Ministry of Mines permitting the corporate to start a completely funded preliminary Part I drill program this summer season at its Dungate coppergold porphyry challenge. The Dungate copper-gold porphyry challenge is positioned 6 km south of Houston, in a area with a historical past of profitable mining initiatives together with the Fairness Silver Mine, Imperial Metals’ …
Edgemont Gold Corp. (CSE:EDGM) (FSE:EG8) has obtained a Multi-Yr Space-Primarily based Allow from the B.C. Ministry of Mines permitting the corporate to start a completely funded preliminary Part I drill program this summer season at its Dungate coppergold porphyry challenge. The Dungate copper-gold porphyry challenge is positioned 6 km south of Houston, in a area with a historical past of profitable mining initiatives together with the Fairness Silver Mine, Imperial Metals’ Huckleberry Mine, and the more moderen gold-silver discovery at Solar Summit Minerals’ Buck Challenge which sits simply 7 kilometres to the south.
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The preliminary property, acquired in 2018, consisted of two mineral claims protecting 546 hectares, with a further three minerals claims staked in 2020, bringing the entire space to 1,582 hectares, that may be explored year-round by all-season roads.
The Part I drill program might be comprised of at the least six 500 metre drill holes from six permitted drill pad areas to check mineralization at depth. Following profitable completion of this preliminary drill program, the five-year allow will permit Edgemont to establish and drill from an extra ten drill areas subsequent 12 months, topic to the circumstances of the allow. Supplemental drill areas may be added topic to regular notification necessities and profitable reclamation of accomplished drill holes.
DDH C75-1, at 333 metres in depth, the one deep gap on the property, was drilled by Cities Companies in 1975 and drill logs reported 142 metres of “ample chalcopyrite” on the backside of the opening. No assay outcomes can be found.
The primary holes to be drilled at Dungate will check a robust cohesive round chargeable anomaly roughly 1.2 kilometres in diameter recognized by Edgemont throughout a 16-line kilometre IP survey performed in September 2020. As well as, the magnetic and IP surveys additionally recognized one other potential intrusion, a lot bigger in measurement, below overburden to the north of the preliminary Dungate exhibiting. This new goal might be drill examined for the primary time throughout this summer season exploration program.
Stuart Rogers, CEO, said: “We’re excited to have the ability to transfer ahead with our preliminary drill program at Dungate. We’ve got retained Apex Diamond Drilling Ltd. of Smithers, B.C. and logistics are underway for a late July drill startup. We’ve got recognized a number of giant IP anomalies which have by no means been correctly drill examined at depth and are inspired by the latest success at Solar Summit’s close by Buck challenge which hosts geological similarities to the breccia zone recognized in drill logs from historic drilling at Dungate in 1975. The final drilling at Dungate was in 1976 and was solely comprised of shallow (lower than 100 metres) drill holes. With the excellent geophysical information now out there to us by means of our latest Induced Polarization geophysical survey, we’re trying ahead to the potential for a major discovery at this compelling copper/gold porphyry goal.”
For extra data, please go to the corporate’s web site at www.EdgemontGold.com, contact Stuart Rogers, CEO, at 778-239-3775 or for investor relations, contact Kevin Arias, VP Company Growth at 778-773-4786 or by electronic mail at info@EdgemontGold.com.
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Barry Morgan, CFO
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