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Drilling 2020

The 2020 drill program at the Pamlico Project started at the end of May and is anticipated to entail up to 10,000 meters. Initially, the holes will be relatively shallow and designed to test the continuity of near-surface gold mineralization around and between the historic workings of the Pamlico, Gold Bar and Good Hope Mines.  Later in the program, drilling will be a combination of RC and diamond drilling in new target areas that, in some cases, are deeper and beyond the depth capability of the RC drill.  In other instances, diamond drilling will be used to gain geological information that will be important for the interpretation of the controls on mineralization. 

A location map of the holes can be found under MAPS in the PROJECTS Section herein.

Summary Drill Results – Pamlico Project

Holes 62 to 81 (1,917 meters)

Drill Intercepts Assay Table

Drill Hole

Area

Azim.

Inclin.

Depth (m)

From (m)

To (m)

Length (m)

Au g/t

Ag g/t

P20- 63

Central Mine

0

-90

153.0

21.3

24.4

3.0

0.138

1.05

 

 

 

 

 

105.2

112.8

7.6

0.178

1.54

P20- 64

Pediment

0

-90

198.1

178.4

179.9

1.5

0.227

7.10

 

 

 

 

 

189.0

190.5

1.5

0.337

8.60

P20- 65

Gold Box

205

-55

201.2

0.0

4.6

4.6

0.535

23.53

 

 

 

 

 

39.6

62.5

22.9

0.113

3.15

P20- 67

Pamlico

0

-90

21.3

0.0

21.3

21.3

0.065

2.84

P20- 68

Pamlico

0

-90

21.3

0.0

13.7

13.7

0.103

6.42

P20- 71

Gold Bar

0

-90

109.7

9.1

12.2

3.0

1.133

4.15

 

 

 

 

 

42.7

45.7

3.0

0.769

4.70

 

 

 

 

 

89.9

99.1

9.1

0.471

1.77

P20- 72

Gold Bar

0

-90

106.7

3.0

9.1

6.1

0.176

5.93

P20- 74

Gold Bar

0

-90

61.0

7.6

9.1

1.5

0.703

3.10

 

 

 

 

 

27.4

29.0

1.5

1.027

1.50

P20- 75

Gold Bar

0

-90

100.6

36.6

39.6

3.0

0.070

2.80

 

 

 

 

 

50.3

51.8

1.5

1.004

2.00

 

 

 

 

 

76.2

83.8

7.6

0.107

2.14

P20- 76

Gold Bar

0

-90

61.0

7.6

15.2

7.6

0.053

1.02

P20- 78

Merritt

180

-56

121.9

21.3

32.0

10.7

0.180

1.89

 

 

 

 

 

47.3

70.1

22.9

0.818

1.26

 

 

 

 

 

53.4

62.5

9.1

1.587

1.88

Including

59.5

61.0

1.5

5.957

5.10

P20- 79

Merritt

180

-70

149.4

100.6

103.7

3.0

0.979

1.70

Note: All results reported are length-weighted averages with no grade capping applied. Drill intercepts are for the actual drilled intercept length and may not represent true widths.

Drilling Highlights

Holes 62 to 81

  • Three holes tested outlying, shallow IP chargeability anomalies and all intersected disseminated pyrite, demonstrating that the geophysical method is working, especially where the oxidation level is not as deep.
  • Three holes targeted the mineralization in the Good Hope Mine but two of these intersected underground workings within 15 meters of surface that had been backfilled and were unknown to the Company, such that both holes were abandoned.  The third hole was apparently not able to get close enough and returned no significant values. 
  • Hole P20-63 was drilled in the Central Mine area, approximately 1,200 meters north-northeast of the Merritt Decline, on what appears to be a ‘finger’ extending out from the large IP anomaly trending N-S through the central part of the property.  Significantly, 1% disseminated pyrite was intersected in a dioritic rock, potentially confirming the interpretation that the large IP anomaly is reflecting sulphides in an intrusive body.  A mineralized interval returning 0.178 g/t Au over 7.6 meters occurs just above a structure, indicating that the intrusive rock can be mineralized where cut by gold-bearing structures. 
  • Holes P20-64 and P20-66 were drilled in the Pediment Zone and intersected sulphides within volcanic rocks.  The former returned two 1.5-meter intercepts of 0.227 and 0.337 g/t Au, while the latter hole returned no significant values.
  • Hole P20-65 was drilled in Gold Box Canyon and returned 0.535 g/t Au over 4.6 meters starting at surface plus 0.113 g/t Au over 22.9 meters at a down hole depth of only 40 meters.  This hole requires follow-up.
  • Holes P20-67 and P20-68 were lost in shallow mine workings short of the target depth.
  • Hole P20-71, drilled into a weak IP chargeability anomaly at the top of the Gold Bar Mine, intersected three mineralized zones within 100 meters of surface returning 1.133 g/t Au over 3.0 meters, 0.769 g/t Au over 3.0 meters and 0.471 g/t Au over 9.1 meters.  The IP response reflects the intense oxidation that has destroyed the sulphides associated with the gold mineralization in this area.
  • Two angled holes, P20-78 and P20-79, tested the interpreted down-plunge extent of the high-grade zone intersected in 2017 near the Merritt Decline.  Hole P20-78 intersected 5.96 g/t Au over 1.5 meters within 1.59 g/t Au over 9.1 meters (53.4-62.5 m).  The deeper hole, P20-79, intersected 0.98 g/t Au over 3.0 meters at a depth of 100.6 meters.
  • Holes P20-80 and P20-81 tested structural targets at the southwest base of Pamlico Ridge and intersected narrow intervals of weak gold mineralization.

Summary Drill Results – Pamlico Project

Holes 48 to 61 (1,545 meters)

Drill Intercepts Assay Table

Drill Hole

Area

Azim.

Inclin.

Depth (m)

From (m)

To (m)

Length (m)

Au g/t

Ag g/t

P20- 48

Pamlico/Gold Bar

0

-90

76.2

44.2

64.0

19.8

0.408

8.46

Including

53.4

64.0

10.7

0.516

5.43

P20- 49

Pamlico/Gold Bar

0

-90

106.7

38.1

73.2

35.1

0.104

6.91

P20- 50

Pamlico/Gold Bar

0

-90

106.7

44.2

51.8

7.6

0.487

12.80

Including

45.7

51.8

6.1

0.581

14.25

P20- 51

Pamlico/Gold Bar

0

-90

137.2

15.2

16.8

1.5

0.497

<5

 

 

 

 

 

80.8

93.0

12.2

0.112

6.94

P20- 52

Pamlico/Gold Bar

0

-90

137.2

13.7

13.8

6.1

1.094

17.50

 

 

 

 

 

118.9

122.0

3.0

5.262

17.00

Including

120.4

122.0

1.5

9.507

20.00

 

 

 

 

 

131.1

137.2

6.1

2.195

3.88

Note: Hole bottomed in 0.632 g/t Au at 137.2 meters

 

 

 

 

 

P20- 53

Pamlico/Gold Bar

233

-45

106.7

56.4

71.6

15.2

1.194

7.90

Including

61.0

62.5

1.5

5.271

14.00

P20- 54

Pamlico/Gold Bar

0

-90

106.7

42.7

54.9

12.2

0.008

5.44

P20- 55

Pamlico/Gold Bar

0

-90

106.7

24.4

29.0

4.6

0.547

10.17

 

 

 

 

 

59.5

71.6

12.2

0.654

6.13

 

 

 

 

 

83.8

86.9

3.0

1.163

15.00

P20 -56

Pamlico/Gold Bar

66

-65

173.7

41.2

44.2

3.0

1.338

10.00

 

 

 

 

 

93.0

96.0

3.0

0.700

5.25

P20- 57

Pamlico/Gold bar

0

-90

106.7

30.5

71.6

41.2

0.459

5.87

Including

67.1

71.6

4.6

3.642

5.17

Including

67.1

68.6

1.5

7.632

6.00

P20- 58

Pamlico/Gold Bar

0

-90

91.4

29.0

32.0

3.0

0.891

20.00

 

 

 

 

 

59.5

67.1

7.6

0.667

12.40

P20- 59

Pamlico/Gold bar

0

-90

91.4

0.0

6.1

6.1

0.301

14.50

 

 

 

 

 

42.7

44.2

1.5

2.269

13.00

P20- 60

Pamlico/Gold Bar

285

-70

106.7

0.0

4.6

4.6

0.608

12.00

P20- 61

Pamlico/Gold Bar

0

-90

91.4

16.8

21.3

4.6

0.434

11.33

Note: All results reported are length-weighted averages with no grade capping applied. Drill intercepts are for the actual drilled intercept length and may not represent true widths.

Drilling Highlights

Holes 48 to 61

  • The first 14 holes of the 2020 drill program cover approximately 450 meters of strike length along the central part of Pamlico Ridge, between the historic Pamlico and Gold Bar Mines.  Gold – silver mineralization consists of higher-grade structures, up to 9.51 g/t gold, surrounded by an envelope of lower grade material as has been observed in previous drilling and in underground workings. Mineralization drilled to date is oxide in nature, mostly within 100 meters of the surface and remains open in all directions. 
  • In the results to date, oxide gold – silver mineralization is contained within a broad and laterally continuous package of receptive volcanic rocks consisting predominantly of latite to rhyolite lithic tuffs and rhyolite flows.  Current field observations indicate three or more separate mineralized structural trends consisting, from oldest to youngest, north-northeast striking structures with moderate dips cut by northwest structures dipping moderately to the northeast and southwest, which are in turn cut by east-northeast structures with moderate southerly dips.  The northwest striking structures have the greatest lateral extent and commonly form near surface, dip slope mineralized zones.

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