Douglas Meirelles, CEO stated, “Using existing drill and IP data, and re-examining the geologic results with “new eyes,” there appears to be a high probability to expand the mineralization at the Big Kidd Project.
The drilling program successfully expanded the boundaries of the mineralization to the North, South, West at depth and all holes drilled into the Big Kidd Breccia Zone intersected appreciably widths of gold-copper porphyry style mineralization and alteration.
Annex Figure 1 – The highlight in red found on Figure 1 hosts a 1918 shaft that extracted 44 tons of 12% Cu, 68 g/t Ag and 0.57 g/t Au in average.
As illustrated in Figure 2, DD hole BK-19-009 shows a second mineralized zone commencing approximately 520 m depth and continuing approximately 124 m to the end of the hole which graded 0.18 g/t AuEq.
While only one significant intercept was encountered in this hole, the potassic alteration at the end of the hole is encouraging and potentially indicative of a second mineralized breccia body.
A similar chargeability high can be found some 100 m north of BK-19-007 so this re-analysis of the historical data yields approximately 200 to 250 m of geologically interesting chargeability anomaly that has not yet been tested.
South Atlantic Gold is focused on creating value for its shareholders by engaging in the development and acquisition of high-quality mineral assets located in stable and mining friendly jurisdictions.
Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by National Instrument 43-101 and has reviewed and approved the technical information of this release.
Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
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