Gold79 believes that the Tyro Main Zone has the potential for 15.6 to 31.2 Mt grading 1.5 to 2.5 g/t Au. This is based on previous exploration on the property, including 685.7 metres of drilling along with surface sampling (95 samples), sampling of historical underground workings (56 samples) and detailed mapping.
Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project located in Arizona, USA. In addition, Gold79 holds a 32.3% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Limited.
For further information regarding this press release contact: Derek Macpherson, President & CEO Phone: 416-294-6713 Email: dm@gold79mines.com Website: www.gold79mines.com
Burlington, Ontario–(Newsfile Corp. – January 23, 2024) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) is pleased to announce as part of its ongoing transformation to a silver producing company, it has submitted and received approval for its mine training program from the Mine Safety and Health Association (“MSHA”), part of the United States Department of Labor. This MSHA approval covers the training program for both SBMI’s underground and surface operations. The approval process included three onsite inspections by MSHA and the completion by SBMI of a detailed safety operations program.
The field team in Arizona is currently attending the annual training program which will be completed this week, following which the field team intends to address any outstanding safety-related items, develop the silver higher-grade Zone1, and commence commercial operations.
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.
People aren’t messing with their 401(k)s enough, according to the The Wall Street Journal. It used to be “Set it and forget it.” Now, according to the Wall Street Journal’s Jon Sindreu, if you forget it, you might miss it.
Inspired by a BlackRock thought experiment which included perfect knowledge, Sindreu looked backward between 2020 and the present at a person making yearly changes (moving funds to the previous year’s strongest sector) which would have generated a compound annual return of 55 percent, nearly four times more than buying and holding the Standard and Poor’s 500 (or setting and forgetting). For the period of 2016 through 2019, the gain would have been 30 percent, twice the index.
Basing a new strategy on back-of-the-envelope testing back just seven years seems dubious. It also requires discipline and market knowledge that the vast majority of 401(k) investors just don’t have. Most people with 401(k)s just plain have no interest in, let alone knowledge of, financial markets.
At least one company understands that its employees are not cut out to be investors. IBM, starting this year, will “provide a defined benefit plan that will save for an employee’s retirement automatically, with no contribution required from the employee. The result will be a stable and predictable benefit that professionally invests every retirement saving dollar to maximize risk-adjusted rates of return,” summarizes Teresa Ghilarducci in an article for Forbes.
Ghilarducci makes the point that small businesses may go back to defined benefit plans because “the permitted tax-qualified contributions are larger in [defined benefit] than [defined contribution].”
IBM dropped their pension plan fifteen years ago and went to a 401(k) plan. The United Auto Workers did the same, as did many other large and small companies. These moves shifted “the risk of mistakes onto the employees.”
IBM has now declared its 401(k) plan a failure, as has the Mercer/CFA Institute Global Pension Index, which flunks the US model for not “providing enough accumulation, stable investment, and reliable lifetime benefits.”
Ghilarducci says 401(k) participants are stuck with investment options that are high-priced and inefficient. Plus, what happens when that lump sum of accumulated wealth is staring a retiree in the face? Some take distributions slowly and carefully and likely will live below their means and pass what remains to their heirs. Others, however, will buy expensive toys, what Ghilarducci calls the “red truck syndrome—a term coined when newly retired workers with lumps [buy] something they have always wanted—a shiny new truck.”
Defined benefit plans are A-OK if fully funded, but many government employee defined benefit plans are not. In fact, an academic study finds there are incentives for government defined benefit plans to be underfunded. Not to give away the punchline, but government employee pensioners know it’s the law for them to be paid their pension, and the government will force taxpayers to cover any shortfall.
Another basic feature of pension politics is that public workers and their unions have incentives to support the chronic underfunding of their own pensions. Due to state statutes, constitutions, and judicial decisions, pensions promised by state politicians are backed by strong legal protections almost everywhere; and public workers thus know they will eventually get what they are promised even if their pension plans are currently underfunded. Indeed, because full funding on a regular schedule would be tremendously costly for state (and local) budgets—crowding out other services, forcing higher taxes, making the true costs of pensions painfully transparent to citizens—public workers and their unions have incentives to prefer that their pension plans be underfunded. Underfunding enables the fiscal illusion that pension benefits are much less expensive than they really are. If public workers and their unions want increasingly generous benefits in future years, they need to convince the public that these benefits are not costly to provide. At the same time, underfunding keeps employee contributions to their own pension funds at low levels; and by keeping contributions by their employers down, they are freeing up public money for other government services, keeping public workers employed—and providing funds for their own salaries and raises.
Employees in the private sector must spend time researching investment options and hope their investment selections and market timing are right. Meanwhile, government employees can relax and count on taxpayers to make their golden years stress free.
Ottawa, Ontario–(Newsfile Corp. – January 22, 2024) – Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (“Gold79” or the “Company”) is pleased to announce that it has defined an exploration target at the Tyro Main Zone, the first potential resource area, on the Gold Chain Project in Arizona (the “Exploration Target”).
Gold79 believes that the Tyro Main Zone has the potential for 15.6 to 31.2 Mt grading 1.5 to 2.5 g/t Au. This is based on previous exploration on the property, including 685.7 metres of drilling along with surface sampling (95 samples), sampling of historical underground workings (56 samples) and detailed mapping. The Exploration Target was derived by modeling the Tyro Vein System within the Tyro Main Zone. The volume of the modeled areas determines the potential tonnage statement in the Exploration Target. The grade range given in the Exploration Target is determined with consideration to the drill results within the modeled Exploration Target area and consideration of the geological setting in an established gold camp where mineralization typically extends to a depth of at least 300 metres. See the heading below “Tyro Main Zone Exploration Target” for additional details. The potential quantity and grades are conceptual in nature. There has been insufficient exploration drilling to define a mineral resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.
The highlights in this update include:
To generate a potential maiden resource at the Tyro Main Zone, additional core and reverse circulation (RC) drilling is proposed along with mechanized sampling of surface vein exposures.
The Tyro Main Zone Exploration Target is limited to only 1 kilometre of the 3.4 kilometre strike length of the full Tyro vein system (Figure 4).
The initial target at the Tyro Main Zone excludes the adjacent targets identified at the historic Banner and Sheep Trail Mines (previous drilling at Banner by Gold79 returned 10.7 grams per tonne Au over 3.1 metres in drill hole GC21-08, see press release dated November 2, 2021).
The Tyro Main Zone Exploration Target also excludes the Frisco Graben to the northeast, where continuing work indicates the upper levels of a potential low sulfidation epithermal gold system over an extent of 4 kilometres.
Derek Macpherson, President and CEO stated, “In the second half of 2023, Gold79 undertook a review of all the data collected from the Company’s work at the Gold Chain project over the last 3 years. Our conclusion continues to be that the Gold Chain project has the potential to host multiple, plus million-ounce gold targets. The Tyro Main Zone represents a portion of the potential we see at the project and has become a priority for the Company given the potential to define a higher-grade open-pittable resource that would start from surface with a relatively small amount of additional exploration work.”
Mr. Macpherson continued, “This Exploration Target, if converted to a resource, would have the potential to be one of the higher-grade open-pit deposits in the camp, and has the potential to be moved into production quickly given that it is on patented claims and given the existing underutilized infrastructure in the surrounding district.”
Figure 1. Geologic map of the Katherine district and the Gold Chain project.
The Tyro Main Zone consists of the historic Tyro Mine (with production from two-levels of underground workings and a small slot pit) and the Decimal Hill area. The 1,000-metre extent considered in this Exploration Target is contained within 15.6 to 31.2 Mt grading 1.5 to 2.5 g/t Au and is located entirely on 3 patented claims controlled by Gold79.
The work completed to date by Gold79 at the Tyro Main Zone includes:
685.7 metres of RC drilling (Table 1).
95 surface rock chip samples (Figure 2).
56 chip channel samples from the underground workings (Table 2).
Detailed geologic mapping of the mine workings, patented claims and surrounding BLM claims.
Using this data, Gold79 has defined the Exploration Target over the 1,000-metre strike length of the Tyro Main Zone and down to a depth of 300 metres. The Exploration Target effectively excludes the potential high-grade zone intersected with drill hole GC23-28 (which included 9.1 metres at 51.09 grams per tonne gold, see press release dated February 28, 2023). This potential high-grade zone was excluded since it has only been intersected in one drill hole to date and would materially skew the potential grade range higher. It should be noted that similar grades in line with GC23-28 were documented to have been mined historically (pre-1940) at the Tyro underground mine.
The dimensions of the Exploration Target are based on surface sampling, detailed mapping, and drilling for strike length and width. The 300-metre depth is consistent with the depth of mineralization encountered in neighboring veins (i.e. Katherine, Arabian and the Oatman district) shown in Figure 1.
The potential quantity and grades estimated for the Tyro Main Zone Exploration Target are conceptual in nature, and there has been insufficient exploration completed to date to define a mineral resource. It is uncertain if further exploration will result in the Tyro Main Zone Exploration Target being delineated as a mineral resource.
Figure 2. Tyro Mine area geologic map showing sections, drill holes and sampling results.
Figure 3. Three-dimensional view looking north across the mineralized domain (red) of the Tyro vein system. Historical holes (black dots) and holes proposed for 2024 (blue poles).
Gold79 believes it has a unique opportunity to define a gold resource with minimal additional investment over a short period of time. Modelling of the existing database (Figure 3) has identified areas where additional exploration is needed to support a maiden inferred resource estimate. Gold79 believes that to define a maiden resource at the Tyro Main Zone to a depth of approximately 150m the following work is required.
Trenching – 24 trenches (~1,100 metres)
Core Drilling – 750 to 1,250 metres
RC Drilling – 1,500 to 2,500 metres
The planned trenching program is expected to help define widths and gold grade in mine and surface exposures. The accessible mine workings have already been sampled (Table 2). Many of the roads required for this work were constructed in the 1980s and surface access/disturbance should not require a permit. It is important to note that each step in the exploration process will define the scale required at the subsequent step.
The potential quantity and grade estimated for the Tyro Main Zone Exploration Target is conceptual in nature, and there has been insufficient exploration completed to date to define a mineral resource. It is uncertain if further exploration will result in the Tyro Main Zone Exploration Target being delineated as a mineral resource.
Table 1. Selected Intercepts from Tyro Main Zone Drilling.
Figure 5. Exploration model for low-sulfidation epithermal gold-silver vein systems illustrating vertical variations in quartz textures, structure, alteration and geochemistry along with the estimated vertical positions of the several structural segments of the Tyro vein system. Diagram adapted from: Buchanan (1980), Hollister (1985), Berger & Eimon (1983), Anaconda Corp. (1983), Guoyi (1992) and Corbett & Leach (1996).
Further Updates Planned on the Frisco Graben and North Oatman Trend
Gold79 has completed a review of the exploration data collected over the last three years at Gold Chain. Given that the upper extent of the “boiling zone” of this low sulphidation epithermal gold system is effectively at surface for the Tyro Main Zone (Figure 5), this has become Gold79’s priority exploration target at Gold Chain. However, based on this review of exploration data, Gold79 also believes that other targets at the Gold Chain project have the potential to yield large gold deposits. Besides the Tyro Vein system, discussed in our May 9, 2023 press release, the North Oatman Trend and Frisco Graben represent large scale targets, with the “bonanza zones” partially exposed or blind to the surface (Figure 5). The Company plans to provide future updates on these other large-scale targets at its Gold Chain project in northwest Arizona.
Qualified Person / Quality Control and Quality Assurance
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company’s Vice President, Exploration is a qualified person (“QP”) as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for all phases of drilling programs including sample collection, labelling, bagging and transport from the project to American Assay Laboratories of Sparks, Nevada. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, over limit samples were determined by fire assay and gravimetric finish. Silver plus 34 other elements were determined by Aqua Regia ICP-AES, over limit samples were determined by fire assay and gravimetric finish. Standard sample chain of custody procedures were employed during field work and the drilling campaigns until delivery to the analytical facility.
About Gold79 Mines Ltd.
Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project located in Arizona, USA. In addition, Gold79 holds a 32.3% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Limited.
For further information regarding this press release contact:
This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any future private placement financing, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company’s future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the ‘safe harbour’ provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Edmonton, Alberta–(Newsfile Corp. – January 22, 2024) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that, on January 19, 2024, it closed on a private placement (the “Offering”) by the issuance of 2,975,500 Units (as defined below) at a price of $0.05 per Unit for gross proceeds of $148,775.
Under the terms of the Offering, each Unit consisted of one common share of the Company (“Common Share”) and one half of one warrant (“Warrant”). Each whole Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.07 per Common Share and shall expire on the earlier of: (a) 30 days following written notice by the Issuer to the Subscriber that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.10 per Common Share for 10 consecutive trading days; and (b) January 19, 2026.
The Company intends to use the proceeds from the Units for general working capital.
The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until May 20, 2024 in accordance with the policies of the TSX Venture Exchange.
Following closing of the Offering, the Company has 152,669,619 Common Shares issued and outstanding. The Offering is subject to Final Acceptance by the TSX Venture Exchange.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board, GRIZZLY DISCOVERIES INC. Brian Testo, CEO, President
Suite 363-9768 170 Street NW Edmonton, Alberta T5T 5L4
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
North Vancouver, British Columbia–(Newsfile Corp. – January 18, 2024) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO)(“Lion One” or the “Company”) is pleased to provide an update on ongoing operations at the company’s 100% owned Tuvatu Alkaline Gold Project in Fiji.
Lion One Metals’ Chairman and CEO Walter Berukoff stated:“2023 was a year of noteworthy accomplishments for Lion One Metals. Within one year we have gone from pouring concrete to pouring gold. We built the entire processing plant at Tuvatu within one year, completed over 2,000 m of underground mine development, drilled over 40,000 m of core, completed Stage 1 of our Tailings Storage Facility, and on October 10th we celebrated with over 1,000 community members, employees, and government officials as we poured our first gold at Tuvatu. We’re very proud of our technical team’s ability to achieve these significant milestones, especially in such a short period of time.”
“In 2024 we expect another watershed year for Lion One Metals. During the 300 TPD pilot plant phase of operations we will be focusing on the development of the mine and the expansion of the processing plant to 500 TPD. We are pursuing a staged increase in development and the 300 TPD pilot plant stage is a critical step in the continuous improvement of mining and milling at Tuvatu. The knowledge and experience gained during the pilot plant stage of operations will be crucial in achieving long-term success and in optimizing performance at the 500 TPD stage. The goal for 2024 is to have the 500 TPD processing plant in operation by the end of Q3. We will then use the cash flow from our 500 TPD operations to fund the next stage of growth for Lion One, which includes the development of the 500 Zone at Tuvatu, and the advancement of our regional exploration program throughout the Navilawa Caldera, where we intend to discover and develop the next Tuvatu.”
Mine Operations
The focus of mining activities during the 300 TPD pilot plant phase of operations is the development of the underground mine, with the goal of advancing the main decline to the 500 Zone as quickly as is safely possible. A secondary goal during this phase of operations is the development of as many stope access points as feasible in advance of the plant expansion to 500 TPD. A significant portion of the material mined during the 300 TPD pilot plant phase of operations is therefore expected to be development material.
As mine development has progressed at Tuvatu, additional mineralization has been discovered in areas in Zone 2 that were not previously expected to be mineralized. This includes mineralization associated with stockwork veining as well as entirely new mineralized lodes. Many of the development headings at Tuvatu have been found to contain low-grade gold mineralization. This low-grade development material is ideal for use as feed stock to test the different gold recovery circuits during the initial stages of plant operation. Processing the development material also serves to offset costs during mine development as this material needs to be removed regardless of whether it is mineralized. Most of the mill feed during the start-up of the 300 TPD pilot plant has therefore consisted of low-grade development material. The first production material was extracted on December 13th, 2023, from the URW1 leading edge stope in Zone 2. This stope is located outside the original PEA resource and represents an expansion of the resource.
Mining activities at Tuvatu in 2024 will consist of a mix of handheld and mechanized mining methods. Handheld mining is ideal for narrow vein mining as it is precise and enables the effective development of narrow drives, thereby minimizing dilution. Mechanized mining produces wider voids and results in a considerably higher production rate. It is therefore the preferred alternative for wider zones of mineralization that are not sensitive to dilution. At Tuvatu there are areas more suitable for handheld mining and others more suitable for mechanized mining. The mining method employed will be tailored to the style of mineralization being extracted. Mine development is proceeding in a manner designed to preserve the optionality of switching between mining methods as appropriate. To date, development mining at Tuvatu has progressed using both handheld and mechanized mining, yet production mining has been limited to handheld methods. Mechanized production is scheduled to start in Q1 2024. Production mining refers to the mining of production stopes through which most of the mineralized material will be extracted, whereas development mining refers to all the supporting development required to access the production stopes, such as the declines, access drives, crosscuts, ventilation rises, and so on. While the primary mining objective during the 300 TPD pilot plant stage is development, mine production is anticipated to steadily increase as production mining is introduced and as the number of available production areas increases ahead of the plant expansion to 500 TPD.
Mill Operations
The focus of mill operations during the 300 TPD pilot plant stage is on determining the best methods and parameters required to maximize gold recovery from each type of gold mineralization at Tuvatu. Mill operations to date have consisted of a start-up period and a campaign period with feed from different areas within Zone 2 and Zone 5.
During the start-up period of operations from late October to early December 2023, predominantly low-grade material was put through the mill. This is typical of mill start-ups and is done while identifying and resolving any start-up issues that may be present before ramping up production. It also serves to build the in-process store of gold that is retained within the plant. During the subsequent campaign periods of operation, the focus changed to the metallurgical variability of the gold mineralization. Several different types of mineralization have been identified at Tuvatu, including three different types within Zone 2 and Zone 5. Due to the complexity of the deposit, additional variability in mineralization is anticipated as development progresses deeper into the mine. The campaign period of operations, which began in mid-December, has consisted of processing separate batches of material from specific parts of Zone 2 and Zone 5 to determine how the plant responds in each case. The knowledge gained from these campaigns will be applied to maximize gold recovery from the larger production stopes in these areas. Gold recovery rates during the start-up and campaign periods have been in line with expectations.
In addition to the start-up and campaign activities, mill commissioning and upgrading has been carried out. Commissioning of both the continuous gravity concentrator and the intensive leach circuit has been on hold due to a delayed shipment of component parts from suppliers. Both circuits are expected to be brought on-line by early February. Similarly, the blowers supplied to aerate the CIL tanks and cyanide detoxification circuit were found to be undersized by the supplier. New blowers will be installed, along with new air spargers and diffusion cones to improve the performance of the CIL circuit.
The mill expansion to 500 TPD is scheduled to be complete by the end of Q3 2024. The expansion consists of three main components: a tower mill, a flotation circuit, and a third ball mill. The purpose of the tower mill is to produce a finer grind of concentrates from the continuous gravity concentrator, thereby further increasing recoveries. The tower mill is expected to be on site in February. The flotation circuit is also being added to maximize recoveries, while the third ball mill is required to increase the milling capacity of the plant. Site preparations for both the flotation circuit and the third ball mill are already complete and construction is pending. All three mill components are on schedule for completion and commissioning by the end of Q3 2024, which is a year ahead of the originally scheduled completion date of Q3 2025.
Figure 1. Aerial Views of Tuvatu Processing Plant and Mine Portal, December 2022 and January 2024. Top image: Aerial view in December 2022 shortly after plant construction started. Bottom image: Aerial view in January 2024 after construction is complete and the 300 TPD pilot plant is in operation. These views highlight some of the substantial progress made at Tuvatu throughout 2023.
The Company also announces it has granted stock options pursuant to its 10% rolling stock option plan to an officer of the Company to purchase up to an aggregate of 500,000 common shares of the Company. The stock options are exercisable at $1.00 per share and expire 5 years from the date of grant.
Qualified Person (NI43-101)
In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43- 101”), Alex Nichol, MAIG, VP Geology and Exploration, is the Qualified Person for the Company, and has reviewed, validated, and approved the technical and scientific content of this news release.
About Lion One Metals Limited Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.
As disclosed in its “Technical Report and PEA Update for the Tuvatu Gold Project” dated April 29, 2022, the 2018 Tuvatu resource estimate comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and under the Lion One profile on the SEDAR+ website at www.sedarplus.ca.
On behalf of the Board of Directors, Walter Berukoff, Chairman & CEO
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
MONTREAL, Jan. 18, 2024 /CNW/ – Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce new high-grade drill exploration results from its 2023 completed program of 76,000 meters at Boumadine in the Kingdom of Morocco. The new results confirm the large, high-grade mineralized zones in the southern and northern portions of the Main Trend, which remains open in all directions.
Key Highlights1
Definition of new high-grade mineralization from the infill drilling program:
BOU-DD23-223 intersected 763 grams per tonne (“g/t”) silver equivalent (“AgEq”) over 38.3 meters (“m”) (1.53 g/t Au, 311 g/t Ag, 4.4% Zn, 1.8% Pb and 0.04% Cu), including 11.0m at 996 g/t AgEq
BOU-DD23-230 intersected 991 g/t AgEq over 17.6m (2.64 g/t Au, 247 g/t Ag, 7.7% Zn, 1.2% Pb and 0.3% Cu), including 3.7m at 1,662 g/t AgEq
BOU-DD23-248 intersected 1,136 g/t AgEq over 5.9m (5.94 g/t Au, 59 g/t Ag, 8.8% Zn, 1.0% Pb and 0.1% Cu)
BOU-DD23-220 intersected 575 g/t AgEq over 10.9m (1.77 g/t Au, 91 g/t Ag, 4.5% Zn, 1.7% Pb and 0.1% Cu), including 2.4m at 1,275 g/t AgEq
BOU-DD23-218 intersected 1,409 g/t AgEq over 4.2m (13.59 g/t Au, 115 g/t Ag, 0.1% Zn, 0.1% Pb and 0.1% Cu) and 978 g/t AgEq over 5.8m (9.21 g/t Au, 80 g/t Ag, 0.1% Zn, 0.1% Pb and 0.2% Cu)
BOU-DD23-251 intersected 531 g/t AgEq over 9.4m (2.66 g/t Au, 32 g/t Ag, 4.4% Zn, 0.2% Pb and 0.04% Cu), including 2.4m at 1,719 g/t AgEq
“Today’s high-grade drill results including BOU-DD23-223 in the south and BOU-DD23-218 in the north of the Main Trend confirm continuity and grade of the Main Trend at Boumadine,” said Benoit La Salle, President & CEO. “Infill drilling has decreased the spacings between drill holes to improve our confidence in grades and tonnages for the upcoming Q1-2024 mineral resource estimate, which will provide visibility on Boumadine’s potential for near-term value creation.”
______________________________
1All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios: 1g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 g/t Ag; 1% Pb: 31.8 g/t Ag; 1% Zn: 54.1 g/t Ag
Table 1 – Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)
DDH No.
Section
Zone
From (m)
To (m)
Au (g/t)
Ag (g/t)
Length* (m)
Cu (%)
Pb (%)
Zn (%)
Mo (g/t)
Ag Eq** (g/t)
BOU-DD23-208
6675N
Main
129.9
139.4
1.60
35
9.5
0.2
0.1
0.4
35
231
Including
134.9
139.4
2.51
59
4.5
0.3
0.1
0.5
55
367
BOU-DD23-211
9150N
Main
6.0
9.8
2.01
99
3.8
0.0
4.3
0.0
17
426
BOU-DD23-214
8850N
Main
214.0
223.0
4.77
61
9.0
0.1
0.1
0.2
5
535
Including
216.2
221.5
6.61
90
5.3
0.2
0.1
0.3
6
749
BOU-DD23-218
8850N
Para
244.3
247.5
14.72
19
3.2
0.0
0.2
0.1
4
1,411
BOU-DD23-218
8850N
Para
252.6
256.8
13.59
115
4.2
0.1
0.1
0.1
3
1,409
BOU-DD23-218
8850N
Para
261.2
275.1
1.22
30
13.9
0.0
0.0
0.1
5
153
Including
272.3
274.0
5.89
119
1.7
0.2
0.1
0.1
13
698
BOU-DD23-218
8850N
Main
280.3
286.1
9.21
80
5.8
0.2
0.1
0.1
8
978
Including
280.3
284.3
13.05
108
4.0
0.3
0.1
0.2
8
1,377
BOU-DD23-218
8850N
Para
290.0
302.0
1.98
58
12.0
0.1
0.1
0.2
8
265
Including
292.1
297.4
3.50
107
5.3
0.1
0.1
0.1
11
459
BOU-DD23-218
8850N
Para
333.1
334.3
0.03
1026
1.2
0.0
0.0
0.0
1
1,031
BOU-DD23-220
6575N
Main
105.0
115.9
1.77
91
10.9
0.1
1.7
4.5
133
575
Including
112.3
114.7
6.26
261
2.4
0.3
1.2
6.6
16
1,275
BOU-DD23-220
6575N
Para
133.4
136.8
0.89
76
3.4
0.3
2.5
7.0
7
649
BOU-DD23-221
6575N
Main
225.5
239.0
1.07
12
13.5
0.0
0.2
0.3
4
136
BOU-DD23-223
6525N
Main
131.6
169.9
1.53
311
38.3
0.0
1.8
4.4
101
763
Including
144.9
155.9
2.34
494
11.0
0.1
1.9
3.9
36
996
BOU-DD23-223
6525N
Para
239.5
247.0
0.46
94
7.5
0.0
0.2
0.7
35
192
BOU-DD23-225
9325N
Para
47.4
53.7
1.44
54
6.3
0.0
0.9
5.3
12
508
Including
50.8
53.7
2.88
86
2.9
0.0
1.0
9.9
21
927
BOU-DD23-225
9325N
Main
73.2
77.4
2.70
21
4.2
0.1
0.3
3.2
16
465
Including
75.2
77.4
4.72
31
2.2
0.1
0.3
4.5
16
738
BOU-DD23-226
9325N
Main
182.8
186.7
1.26
35
3.9
0.1
1.5
4.7
8
466
Including
184.5
185.7
3.33
53
1.2
0.1
1.8
9.5
14
951
BOU-DD23-226
9325N
Para
197.0
198.1
7.73
47
1.1
0.3
0.5
0.5
8
852
BOU-DD23-227
9325N
Main
259.7
268.3
3.34
18
8.6
0.1
0.1
0.5
6
369
Including
263.5
268.3
5.42
21
4.8
0.1
0.1
0.1
7
545
BOU-DD23-228
6300N
Main
267.2
276.1
1.99
81
8.9
0.0
1.0
3.4
59
488
Including
267.7
273.0
3.09
119
5.3
0.0
1.5
4.7
87
715
BOU-DD23-229
6525N
Para
111.9
116.0
1.60
175
4.1
0.1
1.9
7.3
259
810
BOU-DD23-230
6575N
Main
166.6
184.2
2.64
247
17.6
0.3
1.2
7.7
86
991
Including
177.6
181.3
2.91
651
3.7
0.1
3.2
11.5
106
1,662
BOU-DD23-230
6575N
Para
188.2
202.3
2.78
97
14.1
0.2
0.4
6.5
31
755
BOU-DD23-231
5375N
Main
582.0
585.7
0.96
110
3.7
0.0
0.6
2.4
339
371
BOU-DD23-232
7825N
Main
426.4
431.8
3.91
18
5.4
0.1
0.1
0.1
2
402
Including
426.4
427.7
10.72
49
1.3
0.2
0.1
0.2
2
1,092
BOU-DD23-234
6575N
Main
310.6
317.3
1.40
19
6.7
0.1
0.3
4.5
1
407
Including
315.0
316.3
4.78
41
1.3
0.2
0.4
18.4
2
1,518
BOU-DD23-238
7825N
Para
216.0
217.8
1.59
47
1.8
0.1
3.7
3.5
10
517
BOU-DD23-244
6450N
Para
64.0
70.4
1.06
49
6.4
0.0
0.7
2.0
131
287
BOU-DD23-244
6450N
Para
112.8
120.6
0.71
62
7.8
0.0
0.2
1.3
196
216
BOU-DD23-244
6450N
Para
134.6
145.4
0.41
41
10.8
0.0
0.8
1.2
361
190
BOU-DD23-244
6450N
Main
148.5
155.1
0.52
56
6.6
0.0
0.9
2.6
298
295
Including
150.5
152.1
1.19
187
1.6
0.0
2.5
9.0
946
925
BOU-DD23-245
6450N
Para
106.0
111.0
0.05
17
5.0
1.5
0.4
1.5
70
312
BOU-DD23-245
6450N
Main
198.4
206.5
0.73
122
8.1
0.0
2.3
4.7
68
524
Including
198.4
200.2
1.83
299
1.8
0.1
4.8
13.1
269
1,355
BOU-DD23-245
6450N
Para
217.5
226.5
0.86
6
9.0
0.0
0.3
0.3
2
112
BOU-DD23-248
6450N
Main
329.5
335.4
5.94
59
5.9
0.1
1.0
8.8
23
1,136
BOU-DD23-249
5800N
Main
598.7
601.8
4.19
48
3.1
0.1
0.1
2.5
12
587
BOU-DD23-249
5800N
Para
693.1
695.5
2.18
57
2.4
0.0
0.7
7.3
10
680
BOU-DD23-250
5800N
Para
236.7
239.7
3.34
1
3.0
0.0
0.0
0.0
5
316
BOU-DD23-250
5800N
Main
377.7
384.0
1.44
49
6.3…
0.1
0.1
0.5
12
225
BOU-DD23-250
5800N
Para
448.8
455.5
1.02
25
6.7
0.1
0.1
0.4
12
155
BOU-DD23-251
6450N
Main
345.9
355.3
2.66
32
9.4
0.0
0.2
4.4
14
531
Including
346.4
348.8
7.99
91
2.4
0.1
0.3
15.8
19
1,719
BOU-DD23-254
7650N
Main
241.4
243.4
5.63
61
2.0
0.3
0.2
1.4
6
703
* True width remains undetermined at this stage; all values are uncut.
** Ag equivalent is based on a 100% recovery with the following ratio: 1 g/t Au: 93.4 g/t Ag; 1% Cu:130.4 Ag; 1% Pb: 31.8 Ag;
1% Zn: 54.1 Ag.
Figure 1 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023 Drill Holes (CNW Group/Aya Gold & Silver Inc)
2023 Exploration Results
For 2023, 197 diamond drill holes (“DDH”) for 74,295m were completed at Boumadine (Figure 1 and Appendix 2) with the remaining meterage of the 76,000m were completed in the first week of January 2024. Infill drilling was conducted on strike along the Main Trend (South, Central, and North Zones) while exploration drilling also targeted the North-West, Tizi and North-East Zones.
The majority of results have been received for drill holes up to BOU-DD23-255 (Table 1, Figure 3, Figure 4, and Appendix 1).
Results received since November 2023 confirm the high grade of the southern infill sections of the Main Trend, notably with holes BOU-DD23-223 and BOU-DD23-230 intersecting large, mineralized zones.
The main mineralization generally consists of 1m to 4m wide (locally reaching over a 10m width) N340- oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Figure 3 presents the results of the Boumadine Main Zone on a longitudinal section along the deposit, defining ore shoots shallowly dipping toward south, in both the Central and South Zones.
Figure 2 – Longitudinal View of Boumadine Main Zone (CNW Group/Aya Gold & Silver Inc)
Figure 3 – Surface Plan of Central & North Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Figure 4 – Surface Plan of South Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Aya Gold & Silver Inc logo (CNW Group/Aya Gold & Silver Inc)
Next Steps
Following completion of the 2023 drilling program, the Corporation expects to publish an NI 43-101 compliant resource by the end of Q1-2024.
The 2024 drill program is already underway, a portion of which will continue extending the strike-length of the Boumadine Main Trend but with a primary focus on exploring targets outside of the Main Trend. Final numbers will be announced later in Q1.
Fieldwork commenced on the new permits in 2024 with a hyperspectral survey, mapping and prospecting. High resolution airborne geophysics (magnetics and MobileMT) is expected to begin later in Q1.
Technical Information
Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core. Drill core samples were transported in sealed bags for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.
Qualified Person
The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, Head of Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.
About Aya Gold & Silver Inc.
Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.
The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya’s Moroccan mining assets are complemented by its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.
Aya’s management team maximizes shareholder value by anchoring sustainability at the heart of its production, resource, governance, and financial growth plans.
Forward-Looking Statements
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”), which reflects management’s expectations regarding Aya’s future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “confirm”, “remains”, “confidence”, “potential”, “complete”, “expect” “extend”, “belief”, and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, or are “likely” to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the exploration and development potential of Boumadine and the advancement of and success of the exploration program at Boumadine , and timing for the release of the Company’s disclosure in connection with the foregoing. Although the forward-looking information contained in this press release reflect management’s current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), silver price, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements.
The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya’s 2022 Annual Information Form dated March 31, 2023, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR at www.sedarplus.ca. Furthermore, Aya’s corporate update of May 28, 2020 regarding the materiality of its assets as well as to studies regarding non-material assets remains applicable as at the date hereof. Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.
Appendix 1 – Full Drill Results from Boumadine (core lengths)
DDH No.
Section
Zone
From (m)
To (m)
Au (g/t)
Ag (g/t)
Length* (m)
Cu (%)
Pb (%)
Zn (%)
Mo (g/t)
Ag Eq** (g/t)
BOU-DD23-170
8025N
Para
8.5
9.6
0.27
45
1.1
0.0
0.0
0.8
1
118
BOU-DD23-199
8275N
Para
28.6
29.1
0.22
35
0.5
0.0
0.2
0.4
7
84
BOU-DD23-199
8275N
Para
124.2
125.4
0.25
32
1.2
0.0
0.7
0.4
1
100
BOU-DD23-199
8275N
Para
154.9
155.5
0.81
51
0.6
0.0
0.5
6.2
5
481
BOU-DD23-199
8275N
Para
222.1
224.3
1.38
21
2.2
0.0
0.5
1.0
6
222
BOU-DD23-199
8275N
Main
255.0
255.8
0.19
12
0.8
0.0
0.5
1.0
235
112
BOU-DD23-199
8275N
Para
340.6
341.3
1.99
23
0.7
0.1
0.3
0.6
4
260
BOU-DD23-199
8275N
Para
365.6
366.1
0.33
40
0.5
0.0
0.6
1.2
5
154
BOU-DD23-199
8275N
Para
380.6
382.8
1.83
25
2.2
0.0
0.2
3.3
11
383
BOU-DD23-199
8275N
Para
436.8
437.4
0.76
16
0.6
0.0
0.1
1.6
8
180
BOU-DD23-199
8275N
Para
441.4
442.0
0.70
32
0.6
0.0
0.3
2.7
12
255
BOU-DD23-204
8375N
Para
7.8
9.0
0.59
32
1.2
0.0
0.3
0.5
7
127
BOU-DD23-204
8375N
Para
74.2
74.8
1.19
28
0.6
0.0
0.4
0.9
12
203
BOU-DD23-204
8375N
Para
367.2
368.5
0.54
16
1.3
0.1
0.2
0.3
1
97
BOU-DD23-204
8375N
Main
373.8
375.0
1.92
68
1.2
0.3
0.2
0.6
1
323
BOU-DD23-204
8375N
Para
428.3
429.9
2.38
79
1.6
0.3
0.9
1.6
3
460
BOU-DD23-205
8850N
Main
118.7
120.2
0.20
60
1.5
0.0
2.4
4.8
15
422
BOU-DD23-205
8850N
Para
415.0
415.9
0.56
24
0.9
0.0
0.1
0.1
10
85
BOU-DD23-206
6100N
NSR
0.0
207.0
0.00
0
207.0
0.0
0.0
0.0
0
0
BOU-DD23-207
6675N
Para
64.4
65.4
0.74
16
1.0
0.0
0.1
0.1
12
92
BOU-DD23-207
6675N
Para
68.4
69.6
0.73
8
1.2
0.0
0.1
0.2
8
89
BOU-DD23-207
6675N
Main
76.1
78.0
0.28
44
1.9
0.1
0.1
0.1
4
89
BOU-DD23-207
6675N
Para
92.4
93.1
0.44
19
0.7
0.1
0.1
0.1
7
80
BOU-DD23-207
6675N
Para
95.9
96.4
0.21
32
0.5
0.1
0.3
0.2
4
86
BOU-DD23-207
6675N
Para
146.5
148.7
1.36
27
2.2
0.0
0.6
1.3
27
249
BOU-DD23-207
6675N
Para
356.4
358.1
0.70
8
1.7
0.0
0.1
0.0
2
78
BOU-DD23-207
6675N
Para
360.8
362.7
0.83
1
1.9
0.0
0.0
0.0
6
82
BOU-DD23-207
6675N
Para
365.1
365.8
0.47
20
0.7
0.0
0.1
0.0
7
71
BOU-DD23-207
6675N
Para
367.9
369.0
0.66
48
1.1
0.0
1.4
0.7
5
192
BOU-DD23-207
6675N
Para
370.0
370.6
0.42
33
0.6
0.0
0.4
2.9
5
244
BOU-DD23-207
6675N
Para
417.8
418.4
0.18
60
0.6
0.0
0.7
1.2
198
173
BOU-DD23-207
6675N
Para
449.2
449.8
0.56
32
0.6
0.0
0.3
0.5
1
124
BOU-DD23-208
6675N
Para
119.4
120.4
1.42
29
1.0
0.1
0.2
0.1
5
190
BOU-DD23-208
6675N
Para
125.8
126.8
0.65
28
1.0
0.0
0.0
0.7
3
132
BOU-DD23-208
6675N
Main
129.9
139.4
1.60
35
9.5
0.2
0.1
0.4
35
231
Including
134.9
139.4
2.51
59
4.5
0.3
0.1
0.5
55
367
BOU-DD23-208
6675N
Para
239.0
243.5
0.51
9
4.5
0.0
0.0
0.1
7
66
BOU-DD23-208
6675N
Para
247.5
248.5
0.69
4
1.0
0.0
0.0
0.0
2
72
BOU-DD23-208
6675N
Para
250.5
252.1
0.65
9
1.6
0.0
0.0
0.1
5
76
BOU-DD23-209
6100N
Para
163.3
165.6
0.69
36
2.3
0.0
0.0
0.0
23
107
BOU-DD23-209
6100N
Main
170.5
171.3
1.77
65
0.8
0.1
0.1
0.3
35
258
BOU-DD23-209
6100N
Para
173.7
174.2
1.68
39
0.5
0.0
0.1
0.2
31
214
BOU-DD23-209
6100N
Para
213.5
217.5
0.34
72
4.0
0.0
0.9
0.8
57
180
BOU-DD23-209
6100N
Para
240.0
240.5
0.21
36
0.5
0.0
0.3
4.6
1
316
BOU-DD23-210
6100N
Para
221.8
222.8
0.63
8
1.0
0.0
0.0
0.0
64
73
BOU-DD23-210
6100N
Main
390.6
391.6
0.11
4
1.0
0.0
0.0
0.0
7
18
BOU-DD23-210
6100N
Para
575.6
576.2
0.33
16
0.6
0.0
0.1
0.1
2
56
BOU-DD23-210
6100N
Para
580.3
581.4
0.67
4
1.1
0.0
0.0
0.0
1
68
BOU-DD23-210
6100N
Para
585.6
586.6
0.55
8
1.0
0.0
0.0
0.0
1
62
BOU-DD23-211
9150N
Main
6.0
9.8
2.01
99
3.8
0.0
4.3
0.0
17
426
BOU-DD23-211
9150N
Para
18.0
18.8
0.96
44
0.8
0.0
0.3
0.0
13
147
BOU-DD23-211
9150N
Para
103.8
104.9
0.03
65
1.1
0.0
0.3
0.3
3
95
BOU-DD23-211
9150N
Para
140.6
143.0
1.20
26
2.4
0.0
0.2
1.0
6
200
BOU-DD23-212
6675N
Main
182.4
183.4
0.99
13
1.0
0.0
1.3
0.6
11
181
BOU-DD23-212
6675N
Para
189.4
190.3
0.03
61
0.9
0.1
0.1
0.6
21
109
BOU-DD23-213
6675N
Main
270.4
271.5
0.03
66
1.1
0.1
0.0
0.0
2
77
BOU-DD23-214
8850N
Para
146.6
147.6
0.97
12
1.0
0.0
0.3
0.5
23
143
BOU-DD23-214
8850N
Para
200.2
201.2
0.14
60
1.0
0.1
0.1
0.1
8
88
BOU-DD23-214
8850N
Main
214.0
223.0
4.77
61
9.0
0.1
0.1
0.2
5
535
Including
216.2
221.5
6.61
90
5.3
0.2
0.1
0.3
6
749
BOU-DD23-214
8850N
Para
224.0
226.0
0.52
10
2.0
0.0
0.0
0.3
5
76
BOU-DD23-214
8850N
Para
228.9
229.4
2.13
56
0.5
0.1
0.4
5.3
25
571
BOU-DD23-215
9150N
Para
39.6
40.8
0.48
20
1.2
0.0
0.2
1.0
12
125
BOU-DD23-215
9150N
Main
179.9
181.0
0.35
1
1.1
0.0
0.1
0.5
6
66
BOU-DD23-215
9150N
Para
276.8
277.6
0.46
24
0.8
0.0
0.3
0.2
3
88
BOU-DD23-215
9150N
Para
280.1
280.7
0.54
39
0.6
0.0
0.1
0.1
1
100
BOU-DD23-215
9150N
Para
294.8
297.6
1.38
22
2.8
0.0
0.5
0.9
5
217
BOU-DD23-215
9150N
Para
307.3
308.2
1.31
29
0.9
0.0
0.1
0.0
8
155
BOU-DD23-216
6100N
Para
296.0
297.2
0.59
4
1.2
0.0
0.0
0.0
1
62
BOU-DD23-216
6100N
Para
299.6
300.8
0.47
4
1.2
0.0
0.0
0.0
1
50
BOU-DD23-216
6100N
Main
483.1
485.5
1.25
32
2.4
0.2
0.3
0.1
22
194
BOU-DD23-216
6100N
Para
531.9
532.4
0.94
60
0.5
0.1
5.2
1.3
3
390
BOU-DD23-216
6100N
Para
559.0
559.8
0.51
16
0.8
0.2
0.3
0.3
10
110
BOU-DD23-217
9150N
Para
47.2
48.4
0.64
8
1.2
0.0
0.1
0.2
7
83
BOU-DD23-217
9150N
Para
220.4
220.9
1.03
39
0.5
0.1
0.6
7.8
19
593
BOU-DD23-217
9150N
Para
226.6
227.8
0.94
49
1.2
0.0
0.1
0.6
18
174
BOU-DD23-217
9150N
Main
232.9
233.5
6.92
58
0.6
0.1
1.0
2.8
7
895
BOU-DD23-217
9150N
Para
310.8
312.2
1.49
66
1.4
0.0
0.1
0.0
6
214
BOU-DD23-217
9150N
Para
313.2
314.3
0.25
24
1.1
0.0
0.1
0.0
1
55
BOU-DD23-217
9150N
Para
327.5
328.0
2.02
96
0.5
0.0
1.1
3.3
5
502
BOU-DD23-217
9150N
Para
337.3
337.8
1.28
84
0.5
0.0
0.1
0.0
9
211
BOU-DD23-218
8850N
Para
226.3
227.1
0.86
13
0.8
0.0
0.4
2.2
1
226
BOU-DD23-218
8850N
Para
238.6
239.7
0.57
12
1.1
0.0
0.1
0.4
5
91
BOU-DD23-218
8850N
Para
244.3
247.5
14.72
19
3.2
0.0
0.2
0.1
4
1,411
BOU-DD23-218
8850N
Para
250.6
251.6
0.53
8
1.0
0.0
0.0
0.3
1
76
BOU-DD23-218
8850N
Para
252.6
256.8
13.59
115
4.2
0.1
0.1
0.1
3
1,409
BOU-DD23-218
8850N
Para
257.8
258.7
0.43
28
0.9
0.0
0.1
0.1
8
78
BOU-DD23-218
8850N
Para
261.2
275.1
1.22
30
13.9
0.0
0.0
0.1
5
153
Including
272.3
274.0
5.89
119
1.7
0.2
0.1
0.1
13
698
BOU-DD23-218
8850N
Main
280.3
286.1
9.21
80
5.8
0.2
0.1
0.1
8
978
Including
280.3
284.3
13.05
108
4.0
0.3
0.1
0.2
8
1,377
BOU-DD23-218
8850N
Para
290.0
302.0
1.98
58
12.0
0.1
0.1
0.2
8
265
Including
292.1
297.4
3.50
107
5.3
0.1
0.1
0.1
11
459
BOU-DD23-218
8850N
Para
303.0
304.0
0.38
12
1.0
0.0
0.0
0.6
8
82
BOU-DD23-218
8850N
Para
333.1
334.3
0.03
1026
1.2
0.0
0.0
0.0
1
1,031
BOU-DD23-219
9150N
Para
278.6
279.1
0.42
44
0.5
0.0
0.4
0.1
9
103
BOU-DD23-219
9150N
Para
281.1
282.2
1.78
33
1.1
0.1
0.3
1.2
1
282
BOU-DD23-219
9150N
Para
286.3
288.4
1.72
69
2.1
0.1
0.1
0.0
4
242
BOU-DD23-219
9150N
Para
294.4
299.0
1.19
17
4.6
0.1
0.1
0.2
3
152
BOU-DD23-219
9150N
Para
309.1
310.2
0.54
4
1.1
0.0
0.0
0.0
1
59
BOU-DD23-219
9150N
Para
309.1
311.3
0.54
4
2.2
0.0
0.0
0.0
2
58
BOU-DD23-219
9150N
Para
312.4
313.6
0.49
1
1.2
0.0
0.0
0.0
1
49
BOU-DD23-219
9150N
Para
314.5
315.6
0.52
4
1.1
0.0
0.1
0.2
2
65
BOU-DD23-219
9150N
Para
325.0
325.5
1.27
12
0.5
0.0
0.1
0.0
1
136
BOU-DD23-219
9150N
Para
332.5
334.5
0.65
12
2.0
0.0
0.1
0.1
1
81
BOU-DD23-219
9150N
Para
337.1
337.9
2.09
27
0.8
0.1
1.0
5.1
1
544
BOU-DD23-219
9150N
Para
369.0
370.0
0.33
16
1.0
0.0
0.3
0.5
12
83
BOU-DD23-219
9150N
Main
371.9
377.2
0.95
17
5.3
0.0
0.1
0.5
6
137
BOU-DD23-220
6575N
Para
79.2
80.4
0.48
16
1.2
0.0
0.7
1.6
99
174
BOU-DD23-220
6575N
Para
97.2
98.4
0.83
28
1.2
0.0
0.1
1.1
69
172
BOU-DD23-220
6575N
Main
105.0
115.9
1.77
91
10.9
0.1
1.7
4.5
133
575
Including
112.3
114.7
6.26
261
2.4
0.3
1.2
6.6
16
1,275
BOU-DD23-220
6575N
Para
120.0
121.1
3.17
68
1.1
0.1
0.3
0.3
84
404
BOU-DD23-220
6575N
Para
129.0
130.1
0.41
8
1.1
0.0
0.5
0.8
4
105
BOU-DD23-220
6575N
Para
133.4
136.8
0.89
76
3.4
0.3
2.5
7.0
7
649
BOU-DD23-221
6575N
Para
62.7
63.7
4.48
11
1.0
0.0
0.0
0.0
1
434
BOU-DD23-221
6575N
Para
72.0
73.0
0.53
4
1.0
0.0
0.1
0.0
1
58
BOU-DD23-221
6575N
Para
80.2
81.4
0.08
126
1.2
0.1
0.1
0.0
4
147
BOU-DD23-221
6575N
Main
225.5
239.0
1.07
12
13.5
0.0
0.2
0.3
4
136
BOU-DD23-221
6575N
Para
345.0
345.5
0.59
20
0.5
0.0
0.3
0.4
12
107
BOU-DD23-222
9325N
NSR
0.1
171.1
0.00
0
171.0
0.0
0.0
0.0
0
0
BOU-DD23-223
6525N
Main
131.6
169.9
1.53
311
38.3
0.0
1.8
4.4
101
763
Including
144.9
155.9
2.34
494
11.0
0.1
1.9
3.9
36
996
BOU-DD23-223
6525N
Para
174.9
176.8
1.45
100
1.9
0.0
0.5
2.9
11
410
BOU-DD23-223
6525N
Para
188.4
189.2
0.28
20
0.8
0.0
0.1
0.8
7
90
BOU-DD23-223
6525N
Para
201.0
202.0
0.15
60
1.0
0.0
0.4
2.3
1
211
BOU-DD23-223
6525N
Para
216.0
216.6
0.23
43
0.6
0.0
1.1
3.6
8
292
BOU-DD23-223
6525N
Para
224.8
226.4
0.29
22
1.6
0.0
0.3
0.7
1
96
BOU-DD23-223
6525N
Para
227.5
228.0
0.43
94
0.5
0.0
1.8
0.7
8
231
BOU-DD23-223
6525N
Para
232.0
233.0
0.40
24
1.0
0.0
0.5
0.3
16
95
BOU-DD23-223
6525N
Para
239.5
247.0
0.46
94
7.5
0.0
0.2
0.7
35
192
BOU-DD23-223
6525N
Para
254.0
254.9
0.45
12
0.9
0.0
0.1
0.2
24
68
BOU-DD23-223
6525N
Para
262.7
263.2
0.54
8
0.5
0.0
0.1
0.0
2
64
BOU-DD23-224
6300N
Para
93.9
94.6
1.15
20
0.7
0.0
0.2
0.3
16
152
BOU-DD23-224
6300N
Para
106.9
108.8
0.90
44
1.9
0.0
0.2
0.1
151
152
BOU-DD23-224
6300N
Para
114.0
114.9
0.57
1
0.9
0.0
0.0
0.0
2
56
BOU-DD23-224
6300N
Para
159.0
160.0
0.32
23
1.0
0.0
0.2
0.5
307
102
BOU-DD23-224
6300N
Main
161.0
163.7
0.68
89
2.7
0.0
1.3
0.6
785
275
BOU-DD23-225
9325N
Para
41.9
43.4
0.37
54
1.5
0.0
1.5
4.7
49
400
BOU-DD23-225
9325N
Para
47.4
53.7
1.44
54
6.3
0.0
0.9
5.3
12
508
Including
50.8
53.7
2.88
86
2.9
0.0
1.0
9.9
21
927
BOU-DD23-225
9325N
Para
68.2
70.2
0.65
16
2.0
0.0
0.4
2.3
48
215
BOU-DD23-225
9325N
Main
73.2
77.4
2.70
21
4.2
0.1
0.3
3.2
16
465
Including
75.2
77.4
4.72
31
2.2
0.1
0.3
4.5
16
738
BOU-DD23-225
9325N
Para
79.3
80.7
0.34
14
1.4
0.0
0.2
0.9
5
104
BOU-DD23-225
9325N
Para
83.1
84.0
2.54
40
0.9
0.1
1.0
1.7
47
409
BOU-DD23-226
9325N
Para
175.9
176.4
0.25
52
0.5
0.0
3.9
4.5
2
447
BOU-DD23-226
9325N
Main
182.8
186.7
1.26
35
3.9
0.1
1.5
4.7
8
466
Including
184.5
185.7
3.33
53
1.2
0.1
1.8
9.5
14
951
BOU-DD23-226
9325N
Para
189.9
190.4
1.69
20
0.5
0.0
1.1
3.5
23
407
BOU-DD23-226
9325N
Para
197.0
198.1
7.73
47
1.1
0.3
0.5
0.5
8
852
BOU-DD23-227
9325N
Para
253.0
254.0
0.24
1
1.0
0.0
0.2
1.5
2
113
BOU-DD23-227
9325N
Main
259.7
268.3
3.34
18
8.6
0.1
0.1
0.5
6
369
Including
263.5
268.3
5.42
21
4.8
0.1
0.1
0.1
7
545
BOU-DD23-228
6300N
Para
43.0
44.0
0.03
83
1.0
0.4
0.0
0.0
4
138
BOU-DD23-228
6300N
Para
185.2
186.2
0.66
4
1.0
0.0
0.0
0.0
2
70
BOU-DD23-228
6300N
Para
258.2
260.8
0.55
18
2.6
0.0
0.8
1.2
10
159
BOU-DD23-228
6300N
Main
267.2
276.1
1.99
81
8.9
0.0
1.0
3.4
59
488
Including
267.7
273.0
3.09
119
5.3
0.0
1.5
4.7
87
715
BOU-DD23-228
6300N
Para
277.1
278.1
0.36
12
1.0
0.0
0.2
0.4
3
74
BOU-DD23-228
6300N
Para
301.1
302.1
0.38
12
1.0
0.0
0.0
0.3
53
72
BOU-DD23-228
6300N
Para
308.7
311.6
0.27
35
2.9
0.0
0.5
0.5
3
106
BOU-DD23-228
6300N
Para
312.6
313.6
0.27
20
1.0
0.0
0.3
0.8
1
99
BOU-DD23-228
6300N
Para
314.6
315.4
0.52
20
0.8
0.0
0.3
1.7
2
169
BOU-DD23-228
6300N
Para
319.3
325.0
0.36
23
5.7
0.0
0.1
0.3
8
80
BOU-DD23-228
6300N
Para
330.1
331.8
1.07
20
1.7
0.0
0.0
0.0
5
125
BOU-DD23-228
6300N
Para
333.5
334.5
0.58
27
1.0
0.0
0.0
0.0
14
86
BOU-DD23-228
6300N
Para
356.4
357.0
0.75
16
0.6
0.1
0.0
0.1
3
96
BOU-DD23-228
6300N
Para
364.0
365.5
3.31
7
1.5
0.1
0.0
0.0
6
328
BOU-DD23-228
6300N
Para
380.5
381.0
0.51
20
0.5
0.0
0.3
0.1
6
86
BOU-DD23-229
6525N
Para
84.0
85.0
0.40
11
1.0
0.1
0.3
1.1
7
130
BOU-DD23-229
6525N
Para
87.8
89.4
0.33
27
1.6
0.0
0.5
1.8
24
179
BOU-DD23-229
6525N
Para
90.3
91.2
0.24
24
0.9
0.1
0.5
1.1
22
133
BOU-DD23-229
6525N
Para
92.1
93.0
0.38
16
0.9
0.0
0.5
0.6
3
97
BOU-DD23-229
6525N
Para
102.2
103.2
0.67
5
1.0
0.0
0.2
0.3
14
92
BOU-DD23-229
6525N
Para
111.9
116.0
1.60
175
4.1
0.1
1.9
7.3
259
810
BOU-DD23-229
6525N
Para
119.3
120.3
1.32
15
1.0
0.0
0.1
1.4
44
221
BOU-DD23-229
6525N
Para
141.4
142.4
0.48
16
1.0
0.0
0.3
0.4
48
98
BOU-DD23-229
6525N
Para
153.4
153.9
1.02
64
0.5
0.0
0.0
0.0
19
166
BOU-DD23-229
6525N
Para
162.9
163.4
0.20
103
0.5
0.0
8.5
1.1
5
452
BOU-DD23-229
6525N
Para
257.4
258.4
0.03
85
1.0
0.0
0.0
0.0
2
95
BOU-DD23-229
6525N
Main
306.0
306.7
0.88
23
0.7
0.0
0.1
0.5
9
134
BOU-DD23-230
6575N
Para
143.4
145.4
0.84
22
2.0
0.1
0.1
0.1
6
116
BOU-DD23-230
6575N
Para
157.4
158.4
0.51
12
1.0
0.0
0.2
0.6
38
102
BOU-DD23-230
6575N
Para
162.9
163.8
0.26
24
0.9
0.0
0.0
0.1
23
59
BOU-DD23-230
6575N
Main
166.6
184.2
2.64
247
17.6
0.3
1.2
7.7
86
991
Including
177.6
181.3
2.91
651
3.7
0.1
3.2
11.5
106
1,662
BOU-DD23-230
6575N
Para
188.2
202.3
2.78
97
14.1
0.2
0.4
6.5
31
755
BOU-DD23-231
5375N
Para
521.7
522.7
0.13
33
1.0
0.0
0.4
0.4
9
79
BOU-DD23-231
5375N
Para
571.3
572.3
0.54
28
1.0
0.0
0.3
0.1
24
92
BOU-DD23-231
5375N
Para
574.3
575.2
0.34
20
0.9
0.0
0.5
0.1
8
76
BOU-DD23-231
5375N
Main
582.0
585.7
0.96
110
3.7
0.0
0.6
2.4
339
371
BOU-DD23-231
5375N
Para
589.0
592.0
1.11
8
3.0
0.0
0.1
0.4
121
147
BOU-DD23-231
5375N
Para
596.0
597.0
0.54
1
1.0
0.0
0.0
0.0
6
54
BOU-DD23-231
5375N
Para
609.3
609.8
1.25
251
0.5
0.1
2.6
2.7
2863
774
BOU-DD23-231
5375N
Para
610.8
611.8
0.33
24
1.0
0.0
0.2
0.1
301
84
BOU-DD23-232
7825N
Para
320.4
321.4
0.31
23
1.0
0.0
1.1
2.1
35
205
BOU-DD23-232
7825N
Para
420.0
421.0
0.79
16
1.0
0.0
0.2
0.6
6
130
BOU-DD23-232
7825N
Main
426.4
431.8
3.91
18
5.4
0.1
0.1
0.1
2
402
Including
426.4
427.7
10.72
49
1.3
0.2
0.1
0.2
2
1,092
BOU-DD23-232
7825N
Para
438.8
439.8
0.48
28
1.0
0.0
0.4
1.2
8
153
BOU-DD23-232
7825N
Para
521.3
522.0
3.56
20
0.7
0.1
0.1
0.1
4
378
BOU-DD23-232
7825N
Para
532.6
534.0
1.78
22
1.4
0.1
0.3
1.2
3
268
BOU-DD23-232
7825N
Para
596.8
597.8
0.03
60
1.0
0.0
0.0
0.0
3
65
BOU-DD23-233
6525N
NSR
0.0
76.5
0.00
0
76.5
0.0
0.0
0.0
0
0
BOU-DD23-234
6575N
Para
308.6
309.6
0.75
1
1.0
0.0
0.7
1.8
3
192
BOU-DD23-234
6575N
Main
310.6
317.3
1.40
19
6.7
0.1
0.3
4.5
1
407
Including
315.0
316.3
4.78
41
1.3
0.2
0.4
18.4
2
1,518
BOU-DD23-234
6575N
Para
322.2
323.1
0.40
24
0.9
0.0
0.3
0.7
9
112
BOU-DD23-234
6575N
Para
324.0
324.7
2.12
20
0.7
0.0
0.3
0.2
7
240
BOU-DD23-234
6575N
Para
363.7
364.7
0.57
12
1.0
0.0
0.2
0.2
1
82
BOU-DD23-234
6575N
Para
407.6
408.6
0.53
1
1.0
0.0
0.1
0.0
3
56
BOU-DD23-235
6525N
Main
382.3
384.3
0.39
81
2.0
0.3
0.3
0.3
5
179
BOU-DD23-236
6300N
Main
343.5
345.5
1.41
16
2.0
0.0
0.1
3.3
3
330
BOU-DD23-236
6300N
Para
357.3
358.3
0.34
12
1.0
0.0
0.1
0.3
15
66
BOU-DD23-236
6300N
Para
394.1
395.1
0.45
8
1.0
0.0
0.1
0.1
3
60
BOU-DD23-236
6300N
Para
437.8
438.8
0.03
51
1.0
0.4
0.2
0.0
5
109
BOU-DD23-236
6300N
Para
479.2
480.2
0.42
12
1.0
0.1
0.1
0.1
24
78
BOU-DD23-236
6300N
Para
553.5
554.5
0.23
43
1.0
0.0
0.1
0.1
4
73
BOU-DD23-237
7825N
Main
373.1
374.8
2.92
25
1.7
0.0
0.4
0.6
2
349
BOU-DD23-237
7825N
Para
377.8
379.8
0.68
16
2.0
0.0
0.3
1.1
3
149
BOU-DD23-237
7825N
Para
469.0
469.5
4.54
31
0.5
0.1
0.2
1.4
7
556
BOU-DD23-237
7825N
Para
475.5
476.5
0.33
16
1.0
0.0
0.2
0.7
8
93
BOU-DD23-238
7825N
Para
65.0
66.7
0.54
4
1.7
0.0
0.1
0.8
6
99
BOU-DD23-238
7825N
Para
72.1
73.0
1.04
1
0.9
0.0
0.0
0.1
2
107
BOU-DD23-238
7825N
Para
216.0
217.8
1.59
47
1.8
0.1
3.7
3.5
10
517
BOU-DD23-238
7825N
Para
301.0
302.0
0.58
1
1.0
0.0
0.1
0.5
2
88
BOU-DD23-238
7825N
Para
307.0
309.0
1.34
18
2.0
0.1
1.3
2.7
3
335
BOU-DD23-238
7825N
Main
312.3
315.7
1.32
11
3.4
0.0
0.1
0.2
2
151
BOU-DD23-238
7825N
Para
403.4
403.9
1.08
12
0.5
0.0
0.4
0.2
3
137
BOU-DD23-238
7825N
Para
428.7
429.7
0.07
39
1.0
0.0
0.1
0.2
5
60
BOU-DD23-239
6575N
Para
135.8
136.8
0.41
8
1.0
0.0
0.0
0.0
3
49
BOU-DD23-239
6575N
Para
137.8
138.9
0.10
36
1.1
0.1
0.1
0.0
2
55
BOU-DD23-239
6575N
Para
450.7
451.7
0.48
4
1.0
0.0
0.0
0.0
5
52
BOU-DD23-239
6575N
Para
453.7
454.7
0.78
4
1.0
0.0
0.1
0.0
1
82
BOU-DD23-240
6525N
Para
335.6
336.6
0.62
20
1.0
0.0
0.3
1.2
3
154
BOU-DD23-240
6525N
Para
337.6
338.6
0.81
16
1.0
0.0
0.2
0.2
8
111
BOU-DD23-240
6525N
Main
432.2
433.0
0.03
45
0.8
0.1
0.6
0.0
3
75
BOU-DD23-241
6300N
Para
497.0
498.0
0.15
36
1.0
0.0
0.1
0.0
4
55
BOU-DD23-241
6300N
Para
507.5
509.0
0.61
26
1.5
0.0
0.1
0.0
26
94
BOU-DD23-241
6300N
Main
528.3
532.1
0.93
12
3.8
0.1
0.1
0.0
3
113
BOU-DD23-241
6300N
Para
554.8
555.4
0.39
24
0.6
0.0
0.2
0.1
5
72
BOU-DD23-241
6300N
Para
565.1
566.1
3.82
36
1.0
0.3
0.0
0.2
23
449
BOU-DD23-241
6300N
Para
570.0
571.0
0.31
16
1.0
0.0
0.1
0.1
6
53
BOU-DD23-241
6300N
Para
572.0
575.0
0.73
7
3.0
0.0
0.3
0.4
6
107
BOU-DD23-241
6300N
Para
590.2
592.0
1.07
8
1.8
0.0
0.1
0.8
7
158
BOU-DD23-241
6300N
Para
747.6
748.4
0.64
28
0.8
0.1
0.5
0.9
4
160
BOU-DD23-241
6300N
Para
753.9
754.5
0.50
8
0.6
0.0
0.1
0.1
3
65
BOU-DD23-242
7825N
Para
96.4
97.2
0.51
1
0.8
0.0
0.1
0.7
3
93
BOU-DD23-242
7825N
Para
173.9
174.7
0.37
12
0.8
0.0
0.3
0.3
3
72
BOU-DD23-242
7825N
Para
178.2
179.2
0.41
8
1.0
0.0
0.2
0.2
6
62
BOU-DD23-242
7825N
Para
197.2
198.2
0.81
4
1.0
0.0
0.1
0.2
1
97
BOU-DD23-242
7825N
Main
277.2
278.7
1.04
15
1.5
0.0
0.1
0.2
3
129
BOU-DD23-242
7825N
Para
281.5
282.0
1.86
20
0.5
0.0
0.1
0.2
2
207
BOU-DD23-242
7825N
Para
371.7
372.7
0.53
4
1.0
0.0
0.2
0.9
4
107
BOU-DD23-242
7825N
Para
375.6
376.6
1.52
36
1.0
0.1
0.4
5.8
9
515
BOU-DD23-243
7650N
Para
85.8
86.8
0.03
126
1.0
0.0
0.1
0.4
8
154
BOU-DD23-243
7650N
Para
107.0
108.0
0.06
43
1.0
0.1
3.8
0.0
3
179
BOU-DD23-243
7650N
Para
234.9
235.4
0.44
20
0.5
0.1
1.1
2.8
8
260
BOU-DD23-243
7650N
Para
236.3
236.8
0.48
59
0.5
0.1
3.7
1.1
2
291
BOU-DD23-243
7650N
Main
493.0
494.0
0.47
8
1.0
0.0
0.1
0.5
12
83
BOU-DD23-243
7650N
Para
624.8
625.5
3.07
4
0.7
0.0
0.4
0.6
5
337
BOU-DD23-244
6450N
Para
47.4
48.1
0.28
20
0.7
0.0
0.2
0.6
13
86
BOU-DD23-244
6450N
Para
52.7
53.5
0.64
39
0.8
0.0
0.1
0.1
12
112
BOU-DD23-244
6450N
Para
64.0
70.4
1.06
49
6.4
0.0
0.7
2.0
131
287
BOU-DD23-244
6450N
Para
72.6
73.5
0.39
16
0.9
0.0
0.7
2.2
22
194
BOU-DD23-244
6450N
Para
74.4
76.2
0.47
34
1.8
0.0
0.3
2.3
98
221
BOU-DD23-244
6450N
Para
79.2
80.2
0.58
4
1.0
0.0
0.4
1.3
4
144
BOU-DD23-244
6450N
Para
81.2
83.2
0.40
8
2.0
0.0
0.2
0.6
6
88
BOU-DD23-244
6450N
Para
87.9
88.7
1.40
126
0.8
0.0
2.0
9.1
68
821
BOU-DD23-244
6450N
Para
102.1
103.6
0.50
45
1.5
0.0
0.6
3.0
74
280
BOU-DD23-244
6450N
Para
105.5
106.4
0.38
52
0.9
0.0
0.5
2.5
31
240
BOU-DD23-244
6450N
Para
112.8
120.6
0.71
62
7.8
0.0
0.2
1.3
196
216
BOU-DD23-244
6450N
Para
125.6
126.1
1.87
16
0.5
0.0
0.1
0.3
37
214
BOU-DD23-244
6450N
Para
131.9
132.8
0.33
24
0.9
0.0
0.3
1.1
64
129
BOU-DD23-244
6450N
Para
134.6
145.4
0.41
41
10.8
0.0
0.8
1.2
361
190
Including
138.0
0.70
90
1.7
0.0
1.9
3.5
866
456
BOU-DD23-244
6450N
Main
148.5
155.1
0.52
56
6.6
0.0
0.9
2.6
298
295
Including
150.5
152.1
1.19
187
1.6
0.0
2.5
9.0
946
925
BOU-DD23-244
6450N
Para
172.0
172.5
0.58
29
0.5
0.0
0.6
1.7
7
198
BOU-DD23-244
6450N
Para
173.4
174.2
0.27
28
0.8
0.0
0.3
0.2
8
78
BOU-DD23-245
6450N
Para
106.0
111.0
0.05
17
5.0
1.5
0.4
1.5
70
312
BOU-DD23-245
6450N
Para
146.4
149.4
0.34
32
3.0
0.0
0.2
1.5
29
153
BOU-DD23-245
6450N
Para
157.4
159.6
0.50
86
2.2
0.0
1.5
3.4
161
377
BOU-DD23-245
6450N
Para
179.4
180.4
0.35
24
1.0
0.0
0.6
0.4
6
98
BOU-DD23-245
6450N
Para
184.4
185.4
0.46
44
1.0
0.0
0.1
0.2
9
105
BOU-DD23-245
6450N
Main
198.4
206.5
0.73
122
8.1
0.0
2.3
4.7
68
524
Including
198.4
200.2
1.83
299
1.8
0.1
4.8
13.1
269
1,355
BOU-DD23-245
6450N
Para
213.5
214.5
0.64
20
1.0
0.0
0.2
0.6
7
117
BOU-DD23-245
6450N
Para
217.5
226.5
0.86
6
9.0
0.0
0.3
0.3
2
112
BOU-DD23-246
7650N
Para
46.6
48.9
0.56
38
2.3
0.1
0.3
0.7
8
145
BOU-DD23-246
7650N
Para
50.9
54.0
0.26
31
3.1
0.1
0.1
0.2
7
75
BOU-DD23-246
7650N
Para
138.4
139.9
0.66
12
1.5
0.0
0.7
1.0
3
156
BOU-DD23-246
7650N
Main
383.2
384.2
0.08
196
1.0
0.0
1.6
0.2
2
265
BOU-DD23-246
7650N
Para
554.9
556.3
1.21
16
1.4
0.1
0.2
0.1
4
153
BOU-DD23-246
7650N
Para
617.8
618.8
0.99
24
1.0
0.0
0.3
0.7
3
167
BOU-DD23-247
6450N
Para
38.7
42.3
0.03
13
3.6
0.8
1.4
1.1
38
230
BOU-DD23-247
6450N
Para
104.2
105.2
1.13
4
1.0
0.1
0.0
0.0
16
119
BOU-DD23-247
6450N
Main
254.0
257.5
0.75
48
3.5
0.0
0.2
0.6
44
159
BOU-DD23-247
6450N
Para
261.9
262.6
0.33
45
0.7
0.0
0.5
2.7
5
242
BOU-DD23-248
6450N
Para
261.0
262.0
0.03
55
1.0
0.1
0.0
0.0
1
71
BOU-DD23-248
6450N
Para
322.0
323.0
0.37
24
1.0
0.0
0.1
0.1
2
67
BOU-DD23-248
6450N
Main
329.5
335.4
5.94
59
5.9
0.1
1.0
8.8
23
1,136
BOU-DD23-249
5800N
Para
346.9
347.7
1.68
28
0.8
0.0
0.0
0.3
23
202
BOU-DD23-249
5800N
Para
357.4
358.0
0.46
1
0.6
0.0
0.0
0.0
2
47
BOU-DD23-249
5800N
Para
400.0
400.9
0.64
31
0.9
0.1
0.1
0.2
8
115
BOU-DD23-249
5800N
Para
477.7
479.5
0.91
29
1.8
0.0
0.1
0.0
10
124
BOU-DD23-249
5800N
Para
480.5
481.5
0.46
8
1.0
0.0
0.0
0.0
8
57
BOU-DD23-249
5800N
Para
517.8
524.3
0.62
19
6.5
0.0
0.1
0.2
10
98
BOU-DD23-249
5800N
Para
532.4
532.9
0.73
32
0.5
0.1
0.1
0.0
26
118
BOU-DD23-249
5800N
Para
557.3
558.3
0.47
8
1.0
0.0
0.1
0.1
14
59
BOU-DD23-249
5800N
Para
559.3
561.6
1.16
12
2.3
0.0
0.1
0.0
13
132
BOU-DD23-249
5800N
Para
590.1
590.9
0.42
12
0.8
0.1
0.2
0.1
18
83
BOU-DD23-249
5800N
Para
593.7
594.2
0.52
32
0.5
0.1
0.3
0.2
9
115
BOU-DD23-249
5800N
Main
598.7
601.8
4.19
48
3.1
0.1
0.1
2.5
12
587
BOU-DD23-249
5800N
Para
603.7
605.7
0.31
18
2.0
0.0
0.1
0.0
9
52
BOU-DD23-249
5800N
Para
606.7
607.7
0.35
12
1.0
0.1
0.0
0.0
3
53
BOU-DD23-249
5800N
Para
609.7
610.7
0.69
4
1.0
0.0
0.1
0.0
2
74
BOU-DD23-249
5800N
Para
647.3
651.5
0.98
10
4.2
0.0
0.1
0.2
2
118
BOU-DD23-249
5800N
Para
658.1
658.7
0.52
8
0.6
0.0
0.0
0.0
3
60
BOU-DD23-249
5800N
Para
693.1
695.5
2.18
57
2.4
0.0
0.7
7.3
10
680
BOU-DD23-249
5800N
Para
714.3
718.5
0.55
15
4.2
0.1
0.2
0.5
3
107
BOU-DD23-249
5800N
Para
725.5
727.5
0.44
12
2.0
0.1
0.4
0.1
2
81
BOU-DD23-249
5800N
Para
747.6
748.2
1.15
60
0.6
0.1
0.2
0.1
9
196
BOU-DD23-249
5800N
Para
747.6
748.8
0.85
38
1.2
0.1
0.2
0.2
33
148
BOU-DD23-250
5800N
Para
221.0
222.0
0.62
1
1.0
0.0
0.0
0.0
2
61
BOU-DD23-250
5800N
Para
226.0
228.0
0.81
4
2.0
0.0
0.1
0.0
5
85
BOU-DD23-250
5800N
Para
229.0
230.0
0.58
1
1.0
0.0
0.0
0.0
3
58
BOU-DD23-250
5800N
Para
236.7
239.7
3.34
1
3.0
0.0
0.0
0.0
5
316
BOU-DD23-250
5800N
Para
326.8
327.8
0.71
40
1.0
0.0
0.1
0.0
82
116
BOU-DD23-250
5800N
Para
373.7
374.7
0.45
8
1.0
0.0
0.0
0.0
5
54
BOU-DD23-250
5800N
Main
377.7
384.0
1.44
49
6.3
0.1
0.1
0.5
12
225
BOU-DD23-250
5800N
Para
411.0
411.9
0.31
24
0.9
0.0
0.0
0.1
18
62
BOU-DD23-250
5800N
Para
420.1
421.1
0.22
36
1.0
0.0
0.4
2.2
20
192
BOU-DD23-250
5800N
Para
448.8
455.5
1.02
25
6.7
0.1
0.1
0.4
12
155
BOU-DD23-250
5800N
Para
508.9
509.5
0.67
32
0.6
0.2
0.1
0.0
5
121
BOU-DD23-251
6450N
Para
262.0
263.0
0.03
44
1.0
0.0
0.0
0.0
1
49
BOU-DD23-251
6450N
Para
278.6
279.4
0.03
51
0.8
0.0
0.0
0.0
12
59
BOU-DD23-251
6450N
Main
345.9
355.3
2.66
32
9.4
0.0
0.2
4.4
14
531
Including
346.4
348.8
7.99
91
2.4
0.1
0.3
15.8
19
1,719
BOU-DD23-251
6450N
Para
431.4
432.1
6.65
139
0.7
0.4
0.1
0.0
1
818
BOU-DD23-251
6450N
Para
439.1
439.8
0.50
24
0.7
0.1
0.1
0.0
1
82
BOU-DD23-252
5800N
Main
204.5
207.4
0.63
58
2.9
0.0
0.7
1.1
230
210
BOU-DD23-252
5800N
Para
258.0
261.0
0.04
164
3.0
0.0
0.1
0.1
2
179
BOU-DD23-253
7650N
Para
203.0
204.0
1.01
106
1.0
0.7
0.4
0.1
4
312
BOU-DD23-253
7650N
Main
281.0
283.5
0.52
24
2.5
0.0
0.3
0.5
1
110
BOU-DD23-254
7650N
Para
162.1
162.7
0.62
24
0.6
0.0
0.3
1.2
6
158
BOU-DD23-254
7650N
Para
220.9
221.5
0.53
16
0.6
0.1
2.6
2.6
5
306
BOU-DD23-254
7650N
Main
241.4
243.4
5.63
61
2.0
0.3
0.2
1.4
6
703
BOU-DD23-254
7650N
Para
269.3
270.1
0.51
12
0.8
0.1
0.3
0.5
3
101
* True width remains undetermined at this stage; all values are uncut.
** Ag equivalent is based on a 100% recovery with the following ratio; 1 g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 Ag; 1% Pb: 31.8 Ag;
1% Zn: 54.1 Ag.
Appendix 2 – New Drillhole Coordinates of 2023 Boumadine Exploration Program (completed holes)
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, Jan. 17, 2024 (GLOBE NEWSWIRE) — Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce additional assay results from the 2023 Phase II drill campaign confirming continuation of the high-grade Cumavici Ridge polymetallic mineralization within its flagship Viogor-Zanik project in Bosnia and Herzegovina. The Company further announces closing of the final tranche of its non-brokered private placement financing (the “Offering”) of shares (the ”Shares”) for total gross proceeds of $212,200.
Highlights
Drillhole CMV23002b intersected 499 g/t AgEq over 3.8 m from 22 m downhole with a further mineralized interval of 227 g/t AgEq over 2.0 m from 31 m (Table 1);
Drillhole collar for CMV23002b is located 39 m northeast of previously reported CMV23003 and 004 and 38 m SE of 2022 drillhole CMVDD001 which returned:
CMVDD001 – 824 g/t AgEq over 4 m (see company news release dated 8th September, 2022);
CMV23003 – 457 g/t AgEq over 4.15 m;
CMV23004 – 1168 g/t AgEq over 1.35 m;
The mineralization remains open immediately northwest and down-dip to the southwest;
Terra Balcanica CEO, Dr. Aleksandar Mišković, comments: “We are delighted to continue reporting impressive silver grades from the central Cumavici Ridge system. This polymetallic, near-surface target keeps on delivering and is open along strike and down-dip. Cumavici Ridge is only one of five target zones along the 7.2 km NW-SE trending fault-hosted system that remains to be drilled, thus offering upside to advance a deposit immediately adjacent to the existing Sase Pb-Zn-Ag mine with infrastructure including mining and processing facilities. We are excited to continue advancing Viogor-Zanik’s full potential as a unique critical raw minerals land package right at Europe’s doorsteps. Additional assay results will continue to be released very shortly.”
Hole ID
From (m)
To (m)
Length (m)
Ag (g/t)
Au (g/t)
Pb (%)
Sb (%)
Zn (%)
AgEq (g/t)
CMV23002b
22.00
25.80
3.80
125
0.70
2.72
0.48
5.53
499
CMV23002b
31.00
33.00
2.00
166
0.57
0.11
0.12
0.21
227
Table 1.Assay results from drillhole CMV23002b of the Phase II drilling campaign. Interval lengths reported are drilled lengths, not true widths. Silver equivalents (“AgEq”) are based on assumed metal prices of US$1,980/oz for gold (Au), US$23/oz for silver (Ag), US$1.15/lb for zinc (Zn), US$5.42/lb for antimony (Sb) and US$1.00/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based on published metallurgical tests on analogous intermediate sulphidation epithermal vein deposits.
Figure 1. Geological map illustrating the drillholes at the Cumavici Ridge locality. AgEq values are labelled for selected 2022 and 2023 drill intercepts (See Company’s new releases dated 13 November 2023, 27 February 2023). Current drilling efforts confirm mineralization over 82 m NW/SE strike length. (WGS84/UTM Zone 34N (click here to view image).
Hole ID
Easting
Northing
Elevation (m)
Dip
Azimuth
Depth (m)
Recovery (%)
CMV23002b
360224.6
4888498.1
594.58
-50
050
56.2
99
Table 2.Collar locations for reported Phase II drillhole. Coordinates and elevation were taken by local consultant surveyors using a differential GPS unit. (WGS84/UTM Zone 34N).
Future Exploration Program Further drilling efforts at Cumavici Ridge will aim to connect the shallow high-grade interval reported in this release to the 531 g/t AgEq over 0.75 m and 355 g/t AgEq over 1.10 m reported over 600 m to the northwest (see Company news release dated 5th November 2023). The system remains untested and open to the southwest down-dip which will also be targeted in 2024 drilling.
Figure 2. Drillhole section through step out drill fence located 42 m SE of the 2022 discovery holes at Cumavici Ridge. Assay interval reported for CMV23002b (click here to view image).
QAQC Half core (PQ3 and HQ3) samples were delivered by truck to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), quarter core field duplicates and blanks were inserted at a rate of 9% and investigated as part of the company’s quality assurance and quality control program.
Final Tranche of Private Placement Financing Closed The Company issued an additional aggregate of 1,200,000 Shares at a price of $0.04 per Share for gross proceeds of $48,000 pursuant to the Offering announced on December 1st, 2023.
In total, the Company has issued 5,305,000 Shares at a price of $0.04 for gross proceeds of $212,200. Terra will use the net proceeds of the Offering for working capital and to finance the acquisition of a strategic mineral exploration licence in Bosnia and Herzegovina. Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the closing of the final tranche of the Private Placement will be subject to a four (4) month hold period ending May 17th, 2024. There were no finders’ fees paid in any of the tranches of the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person or any person in the United States, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. “United States” and “U.S. Person” are as defined in Regulation S under the U.S. Securities Act.
Qualified Person Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained in this news release as accurate.
About the Company Terra Balcanica is a polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina, 100% of the Kaludra and Ceovishte mineral exploration licences in southern Serbia. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.
ON BEHALF OF THE BOARD OF DIRECTORS
Terra Balcanica Resources Corp. “Aleksandar Mišković”
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
Must watch interview with a serial wealth builder sharing his valuable insights into the gold exploration stocks and how you may profit. Learn how to appraise gold exploration and mining companies. Joining us for a conversation is Brett Richards of Goldshore Resources, which is on a journey to become Canada’s next Tier 1 Gold Asset. In this interview will cover a number of fundamental aspects about speculation in the gold exploration companies, 5 key criteria that all speculators should know before buy a resource stock. We will cover the cost basis for gold 43-101 Mineral Resource categories for inferred, indicated, measured resources, along with proven, and probable reserves.
After a comprehensive review of the aforementioned we discuss the unique investment proposition for Goldshore Resources, which hosts the 6,000,000 Oz. (Inferred) Moss Lake Gold Project, along with catalyst for 2024.
Timestamp: :17 Gold price and disconnect with gold mining and gold exploration stocks 4:30 Have we reached capitulation 5:25 5 Key Criteria for Natural Resource Speculators 9:28 Gold Grades and Cost Per Oz. for Inferred, Indicated, Measured, Proven and Probable 11:26 Investment Proposition for GoldShore Resources 13:12 Let’s go on-site 19:17 Updated MRE 21:13 Summary: 23:17 Next Unanswered Question 27:14 Capital Structure 28:55 Stock took a hit 30:40 Why you don’t sell because the stock price drops 31:47 What keeps you up at night 33:40 What did I forget to ask
Goldshore is an emerging junior gold development company, and owns the Moss Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore. Supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Gold Project through the next stages of exploration and development.
Vancouver, British Columbia–(Newsfile Corp. – January 16, 2024) – Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) is pleased to announce drill results from its 2023 program at the Homestake Silver deposit in BC’s Golden Triangle. The 23 drillholes reported total 12,150m of drilling targeting priority zones within the deposit and have significantly expanded the width and extent of the reinterpreted high-grade silver and gold mineralized plunge.
Highlights from Homestake Silver (intervals shown are core length**):
HR23-419: Mineralized envelope: 315 g/t AgEq (2.57 g/t Au and 102 g/t Ag) over 79.20 meters, including internal breccia vein intervals grading 1,508 g/t AgEq (9.53 g/t Au and 718 g/t Ag) over 9.22 meters length, 7,572 g/t AgEq (36.66 g/t Au and 4,533 g/t Ag) over 1.05 meters.
HR23-416 Mineralized envelope: 357 g/t AgEq (1.74 g/t Au, 213 g/t Ag) over 93.95 meters length, including internal breccia vein intervals grading 2,802 g/t AgEq (11.80 g/t Au and 1,824 g/t Ag) over 9.16 meters length, 4,176 g/t AgEq (13.16 g/t Au and 3,085 g/t Ag) over 2.26 meters and 9,422 g/t AgEq (55.40 g/t Au and 4,830 g/t Ag) over 1.02 meters.
HR23-415: Mineralized envelope: 630 g/t AgEq (5.11 g/t Au and 206 g/t Ag) over 22.80 meters, including internal breccia vein intervals grading 1,754 g/t AgEq (14.38 g/t Au and 562 g/t Ag) over 6.80 meters length, 4,617 g/t AgEq (43.40 g/t Au and 1,020 g/t Ag) over 0.88 meters.
HR23-413: Mineralized envelope: 226 g/t AgEq (1.40 g/t Au and 110 g/t Ag) over 40.00 meters, including internal breccia vein intervals grading 668 g/t AgEq (3.05 g/t Au and 415 g/t Ag) over 3.96 meters, 1,998 g/t AgEq (6.49 g/t Au and 1,460 g/t Ag) over 0.63 meters.
HR23-407: Mineralized envelope: 246 g/t AgEq (2.32 g/t Au and 54 g/t Ag) over 55.90 meters length, including internal breccia vein intervals grading 932 g/t AgEq (8.94 g/t Au and 191 g/t Ag) over 10.72 meters length, 2,149 g/t AgEq (24.38 g/t Au and 129 g/t Ag) over 0.57 meters and 1,883 g/t AgEq (17.78 g/t Au and 410 g/t Ag) over 2.20 meters.
HR23-411: Expansion step out hole to the southeast; 445 g/t AgEq (0.91 g/t Au and 369 g/t Ag) over 10.55 meters including 2,068 g/t AgEq (1.73 g/t Au and 1,925 g/t Ag) over 0.55 meters.
*AuEq and AgEq are calculated using only the two precious metal components at $US1650/oz Au, $US20/oz Ag, Assays are not capped
**Estimated true widths vary depending on intersection angles and range from 65% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated
“The 2023 drilling at Homestake Silver has identified a substantial zone of exceptional precious metal grades, often typified by multiple phases of silver and gold mineralization, over wide, continuous intervals that are potentially amendable to bulk underground mining methods,” said Shawn Khunkhun, CEO of Dolly Varden Silver. “Results from additional step-out holes to the north of these intercepts are being finalized and are expected to be announced shortly.”
“Applying what was learned from the structural reinterpretation work at the Homestake Main gold zone to the existing wider spaced drilling at Homestake Silver Zone has led to the discovery of high-grade pathways within a continuous mineralized envelope with average precious metal grades above the average resource grades and over much wider intervals than expected,” states Rob Van Egmond, P.Geo, Vice President of Exploration.
Figure 1. Location along Dolly Varden’s Kitsault Valley trend of Deposits
Drill holes HR23-416 and HR23-419 have a down dip spacing of 105 meters on the same vertical cross-section. The holes were up and down dip, respectively, from historic drill hole HR09-161 which graded 352 AgEq (2.89 g/t Au and 112 g/t Ag) over 72.75 meters over the width of the mineralized envelope (see figure 2 section). Drillholes HR23-413 and HR23-415 are located on section 25m to the north-northwest and HR23-407 is 100m along strike from HR23-416/419.
Drillholes HR23-396 and 397 were drilled up dip of the wide, higher-grade plunge intersecting individual higher-grade vein breccias extending above the mineralized envelope.
Drilling targeted the high-grade plunge within the Homestake Silver deposit. These holes focused on defining and expanding the wide gold and silver (+/- lead and zinc) mineralized zone along the low angle, northerly plunge of the high-grade mineralization. The reinterpretation concluded that the wider mineralization zone at Homestake Silver is at a similar plunge orientation as that of the Homestake Main deposit, located 300m to the northwest. The average grades are higher, on a precious metal silver equivalent basis, than the average grade of the silver deposits at the Dolly Varden property to the south due to the increased gold content at the Homestake Ridge deposits.
Figure 2. Drill hole HR23-416 from the Homestake Silver deposit. A 12.60-meter section from the 93.95-meter mineralized envelope highlighting the 1.02-meter high-grade multi-pulse vein breccia pathway. Strong alteration and stockwork with local multi-pulse vein and vein breccias can be seen throughout the interval.
Drill hole HR23-411 is a 50m step out (down dip) from the southeastern end of Homestake Silver showing that the gold and silver mineralization remains open in that direction. Drill hole HR23-414 was drilled in the unmineralized footwall to Homestake Silver.
Finalized results remain to be released for 47 of the 115 drill hole, 51,454.90 meter, 2023 Kitsault Valley Project exploration drill program. These include 25 drill holes at Homestake Main (11,054.90m), 4 drill holes (2,478.00m) from Homestake Silver northern extension and 6 drill holes (1,627m) from Homestake Ridge property exploration drill holes. Plus 12 drill holes (7,400m) from the southern Dolly Varden property.
Figure 3. Homestake Silver Long section looking southwest with 2023 drill hole highlights. 100m wide window.
The Homestake Ridge deposits are interpreted as structurally controlled, multi-phase epithermal vein stockwork and vein breccia system hosted in Jurassic aged Hazelton volcanic rocks. Mineralization consists of pyrite, +/-galena and sphalerite in a breccia matrix within a silica breccia vein system (see Figure 2). The northwest orientation of the main Homestake structural trend appears to have numerous subparallel internal structures that are interpreted to form the controls for higher grade gold and silver shoots within a broader Mineralized envelope at the Homestake Silver deposit. The main structural corridor dips steeply to the northeast at Homestake Main and rolls to vertical or steeply southwest at Homestake Silver (see Figure 5).
Figure 4. Homestake Silver Plan View with Current Mineral Resource block model, primarily of Inferred resource classification with 2023 drill collar locations highlighted.
Table 1. Completed Drill Hole Assays from the Homestake Silver Deposit Area
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
AuEq* (g/t)
AgEq* (g/t)
HR23-419
306.40
385.60
79.20
2.57
102
3.80
315
including
313.43
322.65
9.22
9.53
718
18.19
1508
including
320.00
321.00
1.00
33.05
184
35.26
2923
including
321.60
322.65
1.05
36.66
4533
91.34
7572
including
325.74
326.84
1.10
20.90
121
22.36
1853
including
328.95
329.55
0.60
29.30
302
32.94
2731
including
367.39
368.55
1.16
21.60
36
22.03
1826
HR23-418
NSV
NSV
HR23-416
204.05
298.00
93.95
1.74
213
4.30
357
including
214.13
215.13
1.00
2.77
519
9.03
748
including
230.64
239.80
9.16
11.80
1824
33.80
2802
including
231.32
231.89
0.57
5.75
4290
57.50
4767
including
234.04
236.30
2.26
13.16
3085
50.38
4176
including
238.78
239.80
1.02
55.40
4830
113.67
9422
including
283.00
284.50
1.50
8.37
207
10.87
901
and
320.00
343.00
23.00
1.13
46
1.68
139
including
329.00
331.00
2.00
3.58
281
6.97
578
including
339.00
343.00
4.00
3.78
82
4.77
395
HR23-415
305.90
328.70
22.80
5.11
206
7.59
630
including
313.40
314.40
1.00
2.74
453
8.21
680
including
318.40
325.20
6.80
14.38
562
21.16
1754
including
319.42
320.30
0.88
43.40
1020
55.71
4617
and
336.75
393.50
56.75
1.22
32
1.61
133
including
338.75
346.60
7.85
3.13
149
4.93
409
including
382.80
384.15
1.35
4.10
114
5.48
454
HR23-414
NSV
NSV
HR23-413
230.00
244.00
14.00
3.96
15
4.15
344
including
237.00
238.00
1.00
47.30
40
47.79
3961
and
263.00
303.00
40.00
1.40
110
2.72
226
including
264.55
265.60
1.05
4.32
479
10.10
837
including
271.85
275.81
3.96
3.05
415
8.05
668
including
271.85
272.48
0.63
6.49
1460
24.10
1998
including
278.57
280.74
2.17
8.43
622
15.93
1321
including
279.79
280.74
0.95
13.60
966
25.25
2093
HR23-412
165.95
166.45
0.50
0.66
401
5.49
455
including
280.38
281.85
1.47
0.29
177
2.43
201
and
293.30
304.00
10.70
0.95
238
3.82
316
including
298.00
302.00
4.00
1.79
538
8.28
686
including
299.35
300.00
0.65
2.71
1245
17.73
1470
Table 1. con’t. Completed Drill Hole Assays from the Homestake Silver Deposit Area
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
AuEq* (g/t)
AgEq* (g/t)
HR23-411
464.65
475.20
10.55
0.91
369
5.37
445
including
469.95
474.20
4.25
1.41
801
11.07
918
including
470.45
471.00
0.55
1.73
1925
24.95
2068
including
473.20
474.20
1.00
1.59
1120
15.10
1252
HR23-410
Results Pending
HR23-409
457.69
466.20
8.51
1.80
21
2.05
170
including
457.69
458.22
0.53
2.19
162
4.14
344
HR23-408
100.00
102.10
2.10
NSV
478
5.77
479
and
168.50
169.36
0.86
0.88
123
2.36
196
and
211.10
212.40
1.30
NSV
622
7.51
622
including
279.85
280.33
0.48
3.21
27
3.53
293
HR23-407
317.90
338.00
20.10
1.96
3
2.00
165
including
328.76
330.00
1.24
23.80
13
23.96
1986
and
346.10
402.00
55.90
2.32
54
2.97
246
including
354.88
365.60
10.72
8.94
191
11.24
932
including
354.88
355.45
0.57
24.38
129
25.93
2149
including
356.90
357.40
0.50
18.80
481
24.60
2039
including
360.55
361.87
1.32
8.71
382
13.31
1103
including
363.40
365.60
2.20
17.78
410
22.72
1883
HR23-406
NSV
NSV
HR23-405
394.00
433.23
39.23
1.78
NSV
1.78
148
including
402.65
414.00
11.35
3.20
NSV
3.20
265
including
417.00
423.25
6.25
2.48
NSV
2.48
206
HR23-404
614.25
651.60
37.35
0.58
2
0.60
50
HR23-403
287.50
395.00
107.50
1.46
16
1.65
137
including
288.00
288.50
0.50
24.30
659
32.25
2673
including
342.00
346.00
4.00
12.37
143
14.09
1168
including
342.00
344.00
2.00
22.26
248
25.25
2093
including
371.00
372.00
1.00
11.55
7
11.64
965
HR23-402
613.78
652.00
38.22
1.81
2
1.84
152
including
613.78
617.66
3.88
7.05
5
7.11
589
including
614.85
615.85
1.00
12.80
4
12.85
1065
HR23-401
538.00
539.40
1.40
0.04
180
2.22
184
HR23-400
352.82
354.00
1.18
0.36
471
6.04
501
and
534.07
576.00
41.93
1.24
2
1.27
105
including
543.00
550.00
7.00
2.47
4
2.52
209
HR23-399
Results Pending
HR23-398
536.75
567.00
30.25
1.31
3
1.34
111
including
544.00
545.30
1.30
5.20
2
5.22
433
Table 1. con’t. Completed Drill Hole Assays from the Homestake Silver Deposit Area
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
AuEq* (g/t)
AgEq* (g/t)
and
576.79
577.95
1.16
4.15
7
4.23
351
HR23-397
210.50
253.69
43.19
0.45
62
1.21
100
including
228.65
229.59
0.94
2.16
326
6.09
505
HR23-396
187.38
227.25
39.87
0.53
61
1.26
104
including
213.57
214.07
0.50
2.76
668
10.82
897
and
250.00
250.50
0.50
0.20
744
9.17
760
HR23-395
341.65
342.15
0.50
2.19
1715
22.88
1897
and
382.30
403.92
21.62
2.57
2
2.60
215
including
386.00
387.12
1.12
12.00
10
12.13
1005
including
396.87
401.50
4.63
6.40
4
6.45
534
including
396.87
398.40
1.53
10.45
6
10.53
873
HR23-394
Results Pending
HR23-393
560.70
562.75
2.05
NSV
364
4.44
368
HR23-389
Results Pending
*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag. Assays are not capped. No Significant Values (NSV)
**Estimated true widths vary depending on intersection angles and range from 50% to 90% of core lengths
Table 2. Drill Hole Collar Data for 2023 Homestake Silver Deposit Drilling Reported
Hole ID
Easting UTM83 (m)
Northing UTM83 (m)
Elevation (m)
Azimuth
Dip
Length (m)
HR23-393
464252
6178460
703
235
-51
855.00
HR23-395
463581
6179029
834
225
-48
516.00
HR23-396
463642
6178780
857
235
-45
300.00
HR23-397
463642
6178780
857
230
-50
300.00
HR23-398
463581
6179029
834
225
-55
600.00
HR23-400
463607
6178909
841
223
-60
612.00
HR23-401
464118
6178529
720
230
-50
696.00
HR23-402
463714
6179021
798
220
-50
681.00
HR23-403
463607
6178909
841
230
-50
516.00
HR23-404
463714
6179021
798
23
-50
654.00
HR23-405
463607
6178909
841
235
-54
522.00
HR23-406
464017
6178679
738
223
-50
642.00
HR23-407
463677
6178837
828
223
-50
441.00
HR23-408
463737
6178684
819
223
-45
402.00
HR23-409
463677
6178837
828
223
-60
575.00
HR23-411
463947
6178487
748
235
-50
588.00
HR23-412
463737
6178684
819
223
-60
475.00
HR23-413
463690
6178787
827
223
-46
399.00
HR23-414
463631
6179194
814
225
-53
501.00
HR23-415
463690
6178787
827
223
-54
449.00
HR23-416
463693
6178746
833
223
-50
383.00
HR23-418
463352
6178808
997.35
275
-52
585.00
HR23-419
463693
6178746
833
223
-60
458.00
Quality Assurance and Quality Control
The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.
Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.
Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen assays may be completed on very high grade samples.
Qualified Person
Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.
Dolly Varden Announces New Investor Relations Services Providers
The Company has entered into an agreement with Triomphe Holdings Ltd. (dba Capital Analytica) (“Capital Analytica”) for investor relations and communication services (the “Consulting Agreement”). The Consulting Agreement has an initial term of six months, commencing January 1 , 2024 under which the Company will pay to Capital Analytica an aggregate of $120,000 at a rate of $20,000 per month, and has an option to renew the Consulting Agreement for an additional 6 months at a rate of $10,000 per month, unless terminated earlier in accordance with the Consulting Agreement.
Pursuant to the terms of the Consulting Agreement, Capital Analytica will provide ongoing capital markets consultation, ongoing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting, discussion forum monitoring and reporting, corporate video dissemination, and other related investor relations services.
Capital Analytica is a Nanaimo based company owned and operated by Jeff French who is arm’s length to the Company and holds no securities, directly or indirectly of the Company.
The Company is also pleased to announce the engagement of Zoppa Media Group to provide additional investor relations services beginning effective January 12, 2024. Dolly Varden has entered into a consulting agreement with Zoppa Media Group (the “Services Agreement”), pursuant to which Zoppa Media Group will provide certain investor relations services including investor outreach and management of the Company’s social media accounts in order to increase awareness regarding Dolly Varden. Pursuant to the Services Agreement, the Zoppa Media Group will provide such services on a month-to-month basis for a renewable one year term for a fee of $10,000 per month.
Zoppa Media Group is a Vancouver based company, owned by Diana Zoppa. Diana Zoppa has previously served Dolly Varden in an executive assistant role prior to gaining investor relations experience with a number of publicly trading companies. The Zoppa Media Group and Diana Zoppa hold 25,200 common shares of the Company.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
Forward-Looking Statements
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.
These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
