Toronto, March 30, 2022 (GLOBE NEWSWIRE) — Stone Gold Inc. (TSX-V: STG) (“Stone Gold” or “Company”) announces that diamond drilling will begin at the Copper Road Project in mid-April Did. We are fully licensed to drill up to 4,000 meters of diamonds in our 21,000 hectares of Bachewana Bay area, located approximately 80 km. North of Sault Ste. Marie, Ontario.
The Bachewana Bay area is located at the eastern end of the Midcontinent Rift in the late Proterozoic (1050-1115 Ma), most of which is now beneath Lake Superior. The western and central parts of the property (copper roads) straddle the incompatibility of the NNW trend between the Mamains Point Formation in the west and the rocks of the Bachewana Greenstone Belt in the eastern Archean Superior State. The Copper Road Project, which includes two former copper mines (Coppercorp and Tribag), consists of Kewinawan primordial volcanic sedimentary rocks infiltrated with multiple mineralized breccias and porphyries and historical estimates.
The former Tribag mine (“Bretton Breccia”) was not piled between 1974 and 2008, there was a legal dispute between 2008 and 2016, it has not been excavated for nearly 50 years, and additional mineralization. (Au, Re, Mo, Ag) have not been tested either. , W) Found in the area. The former mine (operated by Teck Resources Limited) produced about 1.2 million tonnes of 1.5% Cu from 1966 to 1972.
John Timmons, President and CEO of Stone Gold, commented:
Information on this press release is Dr. Trevor Boyd, P. Geo. And have been reviewed and approved by qualified personnel for technical information under the NI 43-101 standard.
For more information, please contact:
President and Chief Executive Officer Stone Gold Co., Ltd.
Cellular (416) 931 2243
Stone Gold Inc. is engaged in the acquisition, exploration, and evaluation of mineral exploration properties for the mining of precious and base metals in northern Ontario, Canada.
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Forward-Looking Notes This news release contains forward-looking information, including substantive known and unknown risks and uncertainties. Most of these are beyond the control of Stone Gold. Forward-looking statements include estimates and statements that describe Stone Gold’s future plans, objectives, or goals. This includes words to the effect that Stone Gold or its management expects the stated conditions or results to occur. Forward-looking statements include “believe,” “expect,” “expect,” “estimate,” “may,” “can,” “do,” “do,” and “plan.” Can be identified by term. Forward-looking statements are hypothetical and, by their nature, carry inherent risks and uncertainties in dealing with future events and circumstances. While these statements are based on information currently available to Stone Gold, Stone Gold does not guarantee that actual results will meet management expectations.
Risks, uncertainties, and other factors associated with forward-looking information shall represent or imply actual events, results, performance, prospects, and opportunities with such forward-looking information. It can be very different. Factors that may cause actual results to differ materially from such forward-looking information include regulatory approval processes, specific failures in mineral resources, required government, regulatory, environmental, or other project approvals. Acquisition delays or acquisition failures are included, but not limited to. , Political risks, failure to meet first-country and other indigenous obligations, uncertainty regarding availability and cost of future funding, changes in stock markets, inflation, changes in exchange rates Capital and operating costs are significantly different from estimates and other risks associated with the mineral exploration and development industry, and these risks are the stone gold submitted to SEDAR. It is described in the public document.
Stone Gold believes that the assumptions and factors used in creating forward-looking information in this news release are reasonable, but such that apply only as of the date of this news release. Information should not be overly relied upon and cannot be guaranteed. It is assumed that such an event will not occur within the disclosed time frame or at all. Stone Gold disclaims any intent or obligation to update or revise future outlook information as a result of new information, future events, etc., except as required by law.
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Stone Gold Inc. has announced a 4,000-meter diamond drilling program at the Copper Road Project in Bachawana Bay, Ontario, a Canadian business journal.
Source link Stone Gold Inc. has announced a 4,000-meter diamond drilling program at the Copper Road Project in Bachawana Bay, Ontario, a Canadian business journal.