Maiden Drill Program At The Horizon Project

LONDON - Goldseek Resources Inc. has commenced a 1,000-meter drill program on its Horizon Project property located approximately 7.3 kilometers north of the Hemlo Mines. The drill program is designed to follow up on identified geophysical targets in the northwest portion of the property referred to as Target C which has been identified from a VTEM airborne survey B field component as a 250-meter radius "bulls-eye" anomaly with over 600 meters of depth extent.

President & CEO Jon Deluce said, "We are excited for our maiden drill program at the Horizon (Hemlo) Property which has commenced. There was only one historical drill hole in the entire northern portion of the Property, which was drilled during the original Hemlo rush in 1984. We look forward to shedding some light on an area of the Hemlo district that is very under-explored."

This target, identified through strong RDI'S (resistivity depth images), was further supported with a 2019 IP survey, which outlined a well defined IP anomaly with a strong charge-ability response and direct resistivity low correlation suggesting it is a highly conductive bedrock feature and relatively close to surface. In addition, two areas of EM anomalous activity, referred to as GS-1 and GS-2 are attributed to bedrock sources and were modeled using Maxwell EM modeling software. The GS-1 revealed 4 plates, the fourth of which coincided with the target C conductor. These anomalies occur within metasedimentary rocks.

The GS-2 Maxwell anomalies lie to the south of the broad location of target A which lies on the southwestern portion of the property and shows a potential for an extended strike length that increases the chances of this target being formational in nature. The target A anomaly is further supported by the IP data, which shows coincident low resistivity and high charge-ability. In addition, 15 overburden drill holes drilled in 2007 by Kaminak Gold Inc. within this broad anomaly returned values as high as .18% nickel, .17% copper, and .16 g/t gold, which may be more suggestive of a massive sulphide environment. In conjunction with the drilling proposed on Target C, it is proposed that the grid lines be expanded on Target A and a soil sampling program be initiated both on targets A and B to focus on more preferential targets within this larger system.

Goldseek plans to utilize MMI technology for soil geochemistry on these broader targets A and B as the technology aids in more focused sharp anomalies that may correspond to the broader IP targets and in the detection of deeply buried mineralization and definition of metalliferous zones and associations.