Update On Phase 1 Drilling Northshore Gold Project
TORONTO - Ready Set Gold Corp. reported on its ongoing drilling program at the Northshore Gold Project located in the Hemlo-Schreiber Greenstone Belt near the town of Schreiber, Ontario. The 3,000 m, Phase 1 diamond drilling program is approaching 50% completed, and is progressing as planned. Core logging and sampling is underway with samples from five holes sent to SGS Laboratories in Sudbury for analysis. Samples for QA/QC included Certified Reference Materials and blanks. Wide, multiple intervals of pervasive deformation / alteration hosting pyritic mineralization in stock-work, brecciated and fracture-controlled quartz-carbonate vein networks in felsic intrusive and volcanic units, similar to gold mineralized zones drilled by previous operators along strike to the east and west, have been intersected. The Company expects its first assay results in the next two to three weeks and is actively re-interpreting and modeling the mineralized zones as drilling progresses.
The drilling has focussed on key areas with low drill density, or no drilling, in the Afric gold zone, prospective for higher grade gold mineralization with the drill holes oriented to better understand the structural / geological controls on the gold mineralization.
The drill data will be added to the Company's data base, which already includes information on over 200 diamond drill holes (approximately 40,000 m of core), 500 m of trench mapping and sampling, geological/structural mapping and sampling and ground and airborne geophysics. This information will allow Ready Set Gold to gain more confidence in its geological model and to design additional drill programs.