Winston Gold Mining Corp. (“Winston Gold” or the “Corporation”) (CSE:WGC)(CSE:WGC.CN)(OTCQB:WGMCF) is
pleased to announce drilling has extended the strike length of the
Block 93 vein structure farther to the west. The vein now has been
traced over a strike length of about 246 ft. (75 metres), and to a
vertical extent of 192 ft. (58.5 metres) on the Company’s wholly-owned
Winston Gold Property near Helena Montana.
“These new results show that the Block 93 vein has
significant vertical and horizontal extent,” commented Murray Nye, CEO
and Director of Winston Gold Mining. “A number of previously unknown
veins were also encountered in both the hanging wall and foot wall of
the Block 93 structure. However, it is still too early to speculate if
these veins are continuous and/or related to that vein structure.”
Previously announced drill results (March 1st, 2017)
confirmed the existence of two high grade veins dubbed the Parallel and
Block 93 veins. These veins were identified from historic drill data
from the 1980’s.
A total of six new holes were collared on a drill pad,
located about 80 ft. (24.4 metres) southeast from the spot where holes
W1727, W1728 and W1729 were collared. These new holes were drilled in a
fan configuration and were designed to extend the strike length of the
Block 93 vein structure.
The holes tested an additional 198 ft. (60.3 metres) strike
length of the Block 93 Vein. Refer to attached drill plan map.
Highlights of the Results include:
- Hole W65 intersected three veins in the footwall
(beneath) the Block 93 vein. The first intersection cut 1 ft. (0.3
metres) averaging 0.121 opt (4.15 g/t) gold and 0.46 opt (15.77 g/t)
silver starting 77 ft. (23.5metres) down-hole. No previously known vein
is associated with it. The hole also intersected 0.5 ft. (0.15 metre)
averaging 0.235 opt (8.06 g/t) gold and 0.23 opt (7.89 g/t) silver 164.5
ft. (50.1 metres) down-hole. This too is still in the footwall of Block
93. Unfortunately there were no significant intercepts in the Block 93
vein. This may be a result of the nugget effect in the vein system. - Hole W66 hit another previously unknown vein in the
hanging wall (above) the Block 93 vein. At a depth of 311 ft (94.8
metres) the hole cut a 4 ft. (1.22 metres) interval averaging 0.223 opt
(7.65 g/t) gold. This included a 1 ft (0.3 metre) section that averaged
0.773 opt (26.5 g/t) gold and 2.85 opt (97.71 g/t) silver. The actual
Block 93 intercept was at a depth of 277.5 ft (84.58 metres) down-hole
and averaged 0.368 opt (12.62 g/t) gold and 0.95 opt (32.57 g/t) silver
over a 1 ft (0.3 metre) interval. - Hole W67 intersected 2 ft (0.61 metres) averaging
0.116 opt (3.98 g/t gold) and 0.14 opt (4.80 g/t) silver starting 300 ft
(91.4 metres) down hole. This is believed to be part of the Block 93
vein. - Hole W68 intersected 3 ft (0.91 metres) averaging
0.164 opt (5.62 g/t) gold starting 91 ft. (27.7 metres) down-hole. This
included a 1.3 ft. (0.4 metre) interval averaging 0.312 opt (10.70 g/t)
gold and 0.53 opt (18.17 g/t) silver. This is a vein in the footwall of
Block 93 and is possibly associated with the intercept in W65. Further
down-hole at a depth of 310.5 ft. (94.6 metres) the drill cut a 3.5 ft.
(1.07 metre) interval averaging 0.284 opt (9.74 g/t) gold. This included
a 1.5 ft (0.46 metre) section that averaged 0.436 opt (14.95 g/t) gold
and 0.53 opt (18.17 g/t) silver. This is believed to be the Block 93
vein. - Hole W70 intersected a 1.5 ft (0.46 metre) interval
averaging 0.674 opt (23.11 g/t) gold and 0.55 opt (18.86 g/t) silver
starting 325.5 ft down-hole. This is believed to be the Block 93 vein.
Assays results are still pending in this hole for samples taken on
either side of this vein.
Refer to chart below for details of the drill holes discussed
in this release. The dips of the veins are currently unknown at this
time so true width cannot be accurately determined.
| Hole | Vein | UTM North (m) |
UTM East (m) |
Elevation (m) |
Azimuth | Dip | From (ft.) |
To (ft.) |
Interval (ft.)/(m) |
Gold (opt)/(g/t) | Silver (opt)/(g/t) |
|||
| W65 | Unknown | 448,640 | 5,143,768 | 1461.2 | 335 | -45 | 77 | 78 | 1 | 0.3 | 0.121 | 4.15 | 0.46 | 15.77 |
| Unknown | 164.5 | 165 | 0.5 | 0.15 | 0.235 | 8.06 | 0.23 | 7.89 | ||||||
| Unknown | 229 | 230 | 1 | 0.30 | 0.129 | 4.42 | 0.27 | 9.26 | ||||||
| W66 | Unknown | 448,640 | 5,143,768 | 1461.2 | 355 | -45 | 222 | 223 | 1 | 0.30 | 0.261 | 8.95 | 0.40 | 13.71 |
| Unknown | 227 | 228 | 1 | 0.30 | 0.514 | 17.62 | 0.81 | 27.77 | ||||||
| Block 93 | 277.5 | 278.5 | 1 | 0.30 | 0.368 | 12.62 | 0.95 | 32.57 | ||||||
| Unknown | 311 | 315 | 4 | 1.22 | 0.223 | 7.65 | — | |||||||
| Including | 314 | 315 | 1 | 0.30 | 0.773 | 26.50 | 2.85 | 97.71 | ||||||
| W67 | Block 93 | 448,640 | 5,143,768 | 1461.2 | 320 | -45 | 300 | 302 | 2 | 0.61 | 0.116 | 3.98 | 0.14 | 4.80 |
| W68 | Unknown | 448,640 | 5,143,768 | 1461.2 | 305 | -45 | 91 | 94 | 3 | 0.91 | 0.164 | 5.62 | ||
| including | 91 | 92.3 | 1.3 | 0.40 | 0.312 | 10.70 | 0.65 | 22.29 | ||||||
| Block 93 | 310.5 | 314 | 3.5 | 1.07 | 0.284 | 9.74 | ||||||||
| including | 310.5 | 312 | 1.5 | 0.46 | 0.436 | 14.95 | 0.53 | 18.17 | ||||||
| W69 | Unknown | 448,640 | 5,143,768 | 1461.2 | 305 | -55 | 61.5 | 63 | 1.5 | 0.46 | 0.04 | 1.37 | 0.06 | 2.06 |
| Unknown | 82.5 | 83.5 | 1 | 0.30 | 0.041 | 1.41 | 0.08 | 2.74 | ||||||
| W70 | Unknown | 448,640 | 5,143,768 | 1461.2 | 285 | -45 | 108 | 109 | 1 | 0.30 | 0.113 | 3.87 | 0.34 | 11.66 |
| Block 93* | 325.5 | 327 | 1.5 | 0.46 | 0.674 | 23.11 | 0.55 | 18.86 | ||||||
| *Assays still pending for samples taken on either side of the vein structure | ||||||||||||||
The Winston Gold Project is central to a historic precious
and base metal mining district in which most of the ore was mined from
tightly structurally controlled high angle fissure veins and
lode/replacement zones. Reports indicate that more than 100,000 ounces
of gold was recovered from these underground mines in the late 19th to
early 20th century from about 150,000 tons of ore. (Earle, 1964; Schell,
1963).
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the
Company’s project geologists and the chain of custody from the drill to
the on-site sample preparation facility was continuously monitored. The
samples are crushed, pulverized and the sample pulps digested and
analyzed for gold using fire assay fusion and a 50 gram gravimetric
finish. Blank or certified reference materials are inserted randomly.
Check Assays are sent to Bureau Veritas Minerals, in Reno Nevada.
Qualified Person
The scientific and technical content and interpretations
contained in this news release have been reviewed, verified and approved
by Dr. Criss Capps PhD. P.Geol., an independent consultant to Winston
Gold Corp. Dr. Capps is a Qualified Person as defined in National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Winston Gold
Winston Gold is a junior mining company focused on advancing
high-grade, low cost mining opportunities into production. Towards that
end, the Corporation has acquired two under-explored and under-exploited
gold/silver mining opportunities, being the Winston Gold project near
Helena, Montana, and the Gold Ridge project, near Willcox, Arizona.
On behalf of the Board of Directors of the Company,
Murray Nye, Chief Executive Officer and a director of Winston Gold
The CSE has neither approved nor disapproved the information contained herein.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy 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 U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Forward-Looking Information
This release includes certain statements that may be deemed
“forward-looking statements”. All statements in this release, other than
statements of historical facts, that address events or developments
that Winston Gold Mining Corp. (the “Company”) expects to occur, are
forward- looking statements. Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “estimates”, “projects”, “potential” and similar expressions,
or that events or conditions “will”, “would”, “may”, “could” or
“should” occur. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include regulatory
actions, market prices, exploitation and exploration successes, and
continued availability of capital and financing, and general economic,
market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company’s management on the date
the statements are made. Except as required by applicable securities
laws, the Company undertakes no obligation to update these
forward-looking statements in the event that management’s beliefs,
estimates or opinions, or other factors, should change.
A map is available at the following address: http://media3.marketwire.com/docs/1089958_plan_view_of_recent_drilling.pdf
Contact Information
Winston Gold Mining Corp.
Murray Nye
Chief Executive Officer and director
(204) 989-2434
[email protected]
Disclosure: In
the interest of full disclosure, we call the reader’s attention to the
fact that Equities.com, Inc. is compensated by the companies profiled in
the Spotlight Companies section. The purpose of these profiles is to
provide awareness of these companies to investors in the micro,
small-cap and growth equity community and should not in any way be
considered as a recommendation to buy, sell or hold these securities.
Equities.com is not a registered broker dealer, investment advisor,
financial analyst, investment banker or other investment professional.
We are a publisher of original and third party news and information. All
profiles are based on information that is available to the public. The
information contained herein should not be considered to be complete and
is not guaranteed by Equities.com to be free from misstatement or
errors. The views expressed are our own and not intended to be the basis
for any investment decision. Readers are reminded to do their own due
diligence when researching any companies mentioned on this website.
Always bear in mind that investing in early-stage companies is risky and
you are encouraged to only invest an amount that you can afford to lose
completely without any change in your lifestyle. Equities has been
compensated with cash, common shares and/or warrants for market
awareness services provided.
