Go Metals Finds New Nickel-Copper Mineralization at Surface
Vancouver, June 24, 2021 - Go Metals Corp. (CSE: GOCO) ("Go Metals" and/or the "Company") is pleased to update exploration progress from the HSP polymetallic battery metals project in eastern Quebec.
Highlights
- Five new massive to semi-massive sulphide showings uncovered
- All geophysical anomalies associated with sulphides mineralization at surface
- New 150m x 25m mineralization uncovered at surface
- Showings are surrounded by disseminated sulphide mineralization
- Ultramafic dykes uncovered and potentially associated with PGE mineralization
- Successful field-test of AI augmented bedrock mapping tools
- Largest airborne detected conductor is 400m x 200m
Surface mineralization
Massive to semi-massive sulphide mineralization occurs at surface at eight geophysical anomalies on the HSP claim. Five of the surface showings are newly discovered. Mineralization occurs as bravoite, chalcopyrite, bornite, and possibly pentlandite in a groundmass of pyrrhotite. Ground geophysical tools were used to assess the conductivity of bedrock around the new and historic showings. The largest new showing is conductive over 150m strike length and average width of roughly 25m. The largest geophysical anomaly on the claim, a 400m X 200m conductor detected from the airborne survey, is untested below thicker cover and remains a priority drill target.
AI Exploration Tools
The exploration program at HSP marks the first field test of Go Metals' proprietary augmented exploration tools. The system generated bedrock maps proved to be more accurate than maps based on ground geophysics or government mapping alone. The AI bedrock map is an important step towards accurately predicting other geological features, such as faults, prospectivity and mineralization. The AI tools are a step for the company towards providing better ESG management through improved low impact exploration techniques.
Nickel Copper Cobalt Gold Platinum Palladium
The 100% owned HSP Project was acquired in February 2019 and covers 55 km2. The property is located approximately 135 km north of Havre-Saint-Pierre. HSP contains several mineral occurrences with elevated nickel, copper, cobalt, gold and PGE. A Quebec hydro road comes within 10 km of the Property. The new Romaine-IV hydro-electric project is in close proximity to the property.
Ashuanipi Gold Project
Field crews have demobilized from a separate field program in Quebec on the company's new joint venture project. Ashuanipi contains numerous AI targets over banded iron formations. The targets were generated by Windfall Geotek after an expansive 330,000 km AI mining study of eastern Quebec. The project is northeast of Schefferville in the Ashuanipi complex, on the edge of the Superior Province. The initial phase tested targets using till sampling, channel sampling and ground geophysics.
Qualified Person
Adrian Smith, P.Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release.
About Go Metals:
Go Metals targets Canadian metal projects to help meet the demand for a renewable energy powered future. The company has projects in both the Yukon and Quebec.
For further information, please contact:
Scott Sheldon, President
Telephone: 604.725.1857
Email: scott@gometals.ca
Forward-Looking Information:
This press release may include "forward-looking information" (as that term is defined by Canadian securities legislation), concerning the Company's business. Forward-looking information is based on certain key expectations and assumptions made by the Company's management, including future plans for the exploration and development of its mineral properties. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The company disclaims any intent or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise) other than as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88460
