Initiation Of Summer Exploration Program On Hot Springs Joint Venture
TORONTO - Bald Eagle Gold Corp. is in receipt of the final assays for the 2021 drill program and the initiation of a summer exploration program on the Hot Springs Joint Venture in Nevada, joint venture with Osgood Mountain Gold LLC . The final assays from hole HS-2020-04 intercepted 148.2 meters of 0.34 grams per tonne gold starting at 181 meters down hole, and from hole HS-2020-5 intercepted several smaller zones of anomalous gold from 147 meters to 312 meters down hole. These results together with Bald Eagle's previously reported results demonstrate the presence of significant gold mineralization at the Property.
The field campaign outlined a broad zone of anomalous gold with initial drilling along strike. The current drilling identified a broad zone of mixed oxide and sulphide mineralization associated with a chargeability feature from IP geophysics. Drillhole HS-2020-04, which was rotated 15 degrees from HS-2020-01, intercepted the mineralized zone approximately 50 meters north of borehole HS-2020-01.
Drilling intercepted mineralization from 150 to 350 meters below surface, with true vertical depth of approximately 350 meters to the base of mineralized zone (actual downhole depths of 180 meters to 390 meters and 180 meters to 330 meters). The chargeability feature associated with this mineralized zone trends North-South for more than 400 meters, has a footprint width of 440 meters, and is approximately 150 to 200 meters thick. Further drilling is needed to define the lateral extent and to investigate feeder structures. This zone is open along strike to the North and South.
Sidney Himmel, President, CEO and Director, said, "Intercepting gold in each of the holes of the initial program has confirmed gold potential at Hot Springs. The next steps will be further ground geology to further define the surface footprint and improve geologic modeling of the gold system. This work will help focus subsequent drilling for the best chances of significant discovery."
This summer exploration program is expected to extend into the fall with data becoming available by the early fall. Additional RC and Core Drilling, based upon current drilling and IP results, are in the permitting process and anticipated to begin in the fourth quarter. The drilling program is being operated by Osgood Mountains Gold under the Joint Venture Agreement between Bald Eagle Gold Corp. and Osgood Mountains Gold.