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Gold’n Futures has announced a non-intermediary loan from the Canadian Business Journal at the Hercules Project in Ontario, reporting high-grade gold mining activity at the latest six drill holes.

Vancouver, British Columbia, February 23, 2022 (GLOBE NEWSWIRE) — Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (“Company” or “Gold’n Futures”) Report on the results of the second round of the first Diamond Drill Program (“Drill Program”) on the Hercules Gold Project (“Hercules Project”) at Beardmore-Geraldton Gold Camp, Northwest Ontario. The six holes in the second round of the drill program results all crossed significant gold values ​​in the HR22-07 holes in the range of up to 36.7 grams / ton of gold (“g / tAu”).

Highlights of previous drill programs

  • All 10 drill holes sampled during the drill program intersected the Golden Mile Zone (“GMZ”).
  • Of the 128 core samples analyzed, 40 were better than 100 ppb of gold, and 17 of them returned an analysis of over 1,000 ppb of gold.
  • The finest gold intersections are:
    • Drill hole HR22-06 with 3.52 meters (“m”) of 5.91 grams / ton of gold (“g / t” Au). This includes 0.80m of 13.30g / tAu.
    • 7.62 g / t Au drill hole HR22-07 over a width of 2.50 m. This includes 0.7m of 36.70g / tAu.
  • In addition, the low grade wide zone returned an average of 1.12 g / tAu of 7.55 m with holes HR22-10.
  • In the second round of drill results, GMZ mineralization occurs in a composite zone of one or more quartz veins with sulfide mineralization spatially associated with magnetic mafic at core spacings up to 11.0 m. Confirm that it occurs.

“Drilling resumed after the Christmas holidays and the hole in the HR22-10 was completed and paused again. It is highly recommended to find the Golden Mile Gold Zone in a surprisingly robust and previously untested area. All of the first 10 holes blocked mineralization and, as expected, were depth predictions by the geological team. The next modeling of the Gold Zone of the Hercules project will bring significant improvements to the historical resources of the asset. I’m sure it will be done. “

Comment, President and CEO, Stephen Wilkinson

The six drill holes HR22-05 to -10 had a core length of 682 m and were drilled in January 2022. On January 24, 128 samples, including quality control and blank samples, were shipped to the Act Labs facility in Geraldton, Ontario. .. Further reassays were performed on 26 selected split cores with grades above 1.00 g / t Au. The reanalysis is to check for grade variations due to the potential nugget nature of the Golden Mile mineralization.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd97de7a-61f0-42c6-ab78-74a8981098df.

The Gold’n Futures’ drill program, including the drilling performed before the break in December 2021, consists of 10 drill holes, which corresponds to approximately 1,227 m of the core in which 236 samples were analyzed. ..

Next step

We will continue to portray the gold mining effects of the Heracles project in our drill program. The drill program aims to finish with 4 additional holes to drill a total of 14 holes. Assays will be reported as they become available. In March 2022, a detailed geomagnetic geophysical survey was conducted to supplement our recent aerial magnetic survey and improve the definition of relationships between bitter iron embankments, high-grade gold zones, and small structures. To do. A preliminary report on the aerial geophysical survey conducted by GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) will be received later next month. We design the next step for exploration of the Hercules project based on the goals defined by the geophysical survey integrated with the drilling results and the editing of extensive historical data.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9932b5c0-43eb-4627-97aa-dbbe93ab1a60.

Private placement of the unit

Gold’n Futures is pleased to announce that we have arranged a non-mediated placement of our units (“Units”) and Flow-Through Units (“FT Units”) at a price of C $ 0.055 per unit. C $ 0.065 per FT unit for a total revenue of up to $ 1,000,000. Each unit consists of one share of our common stock and one share of the stock purchase warrant (“warrant”). Each FT unit consists of one common flow-through share of the company and one warrant. Each warrant has a period of 24 months from the deadline, during which the holder shall have the right to purchase one share of common stock at a price of $ 0.10. Shares issued through the purchase of a unit or FT unit or through the exercise of a warrant are subject to a four-month holding period.

We plan to use the net income from private placements for exploration and general corporate purposes in the Hercules project in northern Ontario.

Qualified person

The scientific and technical content of this press release is Walter Hanych, P., Qualified Person under NI 43-101 Regulations and Director of the Company. Geo. Created, reviewed, and approved by.

About Gold’n Futures Mineral Corp

Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canada-based exploration company focused on promoting the Hercules project. The Hercules Project is located 200 km northeast of Thunder Bay, Ontario, in the towns of Elmhurst and Rikaby within the Thunder Bay North Block. The Hercules Project is in the heart of Beardmore – Geraldton Gold Mining Camp, 4th Canada’s largest gold camp, 40km west of Hard Rock-Greenstone Gold Mine Development. The Hercules Project is located within the Archean Greenstone Belt, which stretches from the Long Luck region in the east to Lake Nipigon in the west, is approximately 130 kilometers long and consists of 475 adjacent claim cells (10,052 hectares). From the historic work completed in the Hercules project, we have built an extensive database containing reconnaissance grab samples. Channel samples; various geophysical surveys. The drill hole database contains a total past drilling of 537 holes with drill cores over 107,000 m. The Hercules Gold Zone is a top target for expanding its historic resources, as surface grab samples are upgraded to 10,374 g / t gold and channel samples are upgraded to up to 32.96 g / t gold over 11.6 m. Provide.

For more information, please visit our website at www.goldnfuturesmineralcorp.com.

For more information

Stephen Wilkinson,
President and Chief Executive Officer
Email: contact@goldnfutures.com

The Canadian Stock Exchange is not responsible for the validity or accuracy of this release.

This news release may contain forward-looking statements based on management’s assumptions and judgments regarding future events or consequences. Such statements are subject to various risks and uncertainties where actual events and consequences may differ materially from those reflected in forward-looking statements.Private placement, no property guarantee Options, changes to the board of directors, or resumption of the above transactions may or may not be terminated under the terms stated. We disclaim any intention or obligation to revise or update such statements.


CBJ News Maker

Gold’n Futures has announced a non-intermediary loan from the Canadian Business Journal at the Hercules Project in Ontario, reporting high-grade gold mining activity at the latest six drill holes.

Source link Gold’n Futures has announced a non-intermediary loan from the Canadian Business Journal at the Hercules Project in Ontario, reporting high-grade gold mining activity at the latest six drill holes.

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