In March, when Winston Gold Mining Corp. (WGC:CNX)(WGMCF) confirmed the existence of its Block 93 Vein on its wholly-owned property near Helena, Montana, the company’s leadership was extremely excited about the discovery.

There was good reason for excitement because the vein was close to the surface and the gold in the ground looked both wide and deep. “These results show that the Block 93 vein has significant vertical and horizontal extent,” is how Winston’s CEO and Director Murray Nye described the findings. With the recently-announced new drilling program, the company will now begin to explore just how big the Block 93 vein could be.

The program plans to drill nine holes in three vein systems that will continue to add to the company’s extensive data on the property. Furthermore, Winston is making the most of a Small Miner’s Permit, enabling small production before turning into a commercial mine, by extracting high-grade gold that lowers production costs and reduces debt to the company’s bottom line. This upcoming program demonstrates how precise the company is when it comes to mining viable targets and leveraging current and historic data with modern technology.

Tracing the Underground Workings at the Winston Property

“The primary goal of this new program will be to determine the best place to position an exploration decline,” Nye said in the company press. “Three separate vein systems outlined in earlier drill programs appear to trend parallel to one another and all seem to be dipping towards the north. Our goal is to position an exploration decline so we can easily and economically access all three of these structures for additional underground exploration and bulk sampling.”

The first hole will be drilled to the south into the Upper Hyantha Vein to test if the vein extends further west beyond the historic records that stopped abruptly at 270 feet. Then, as mentioned above, the second target will be the Block 93 Vein. Previous drilling hit gold in the footwall and in the hanging wall above the vein, these intercepts also showed silver mineralization, ranging as high as 97.71 g/t. Now, a total of two new holes will be drilled towards the north through the foot wall side of this vein to determine if mineralization extends towards the east.

So far, the Block 93 Vein has been drilled over a strike length of 246 feet and has a drill tested vertical extent of 192 feet. If successful, these holes could extend the Block 93 vein an additional 100 feet to the east. In addition, two more holes will be drilled from a second pad at a higher and easterly point into the hanging wall of the Block in hopes of extending the vein’s strike length by another 120 feet. These four holes in Block 93 will also be used to verify an unnamed vein that was discovered in a past drilling program that intersected the hanging wall, which averaged 0.223 opt (7.65 g/t) gold including a 1 foot section that averaged 0.773 opt (26.5 g/t) gold and 2.85 opt (97.71 g/t) silver.

The Road Ahead for Winston Gold

Winston Gold and their experienced leadership team have studied this property in its entirety. So, when they make a move, it is calculated and purposeful. The company is seeing three high-quality veins in close proximity that are heading in one direction and they are attempting to see if they meet.

“We have spent a lot of time drilling these veins, and because they are so narrow, it takes a lot of drill data to come up with any kind of resource or any kind of period of time. Our ideas are to drill for structure and mine for gold,” Nye told Equities this month. “We thought that the way things are set up right now, we would like to do another small drill program on this property right around Block 93, and possibly extend the strike link of that vein.”

“Because of the proximity to the Edna, the Parallel and the Block 93, we think that by cross cutting one vein, we could start a couple of headings on some material that might run commercially in one section,” Nye continued. “Then, in the Parallel Vein area, as we take the decline down a little further, we think we can access that area and establish another couple of headings on that material. As a result, we think we can very quickly be in a position where we’re hauling out maybe 100 to 150 tons a day of material that we get to use for our bulk sample, and hopefully it would run on the grade that we think it will run on a continuous basis. That will offset a lot of the expense that we’ll incur as we explore this. Also, by putting a decline for the bulk sample, it would give us a great opportunity to drill from underground, which we think would be a lot more efficient as far as hitting some of these things. We have an indication there that is very close to where that area is, and it would be a lot less costly than drilling from surface.”

As the gold price begins to shed its pessimism showing off its quality with rocky political situations present and on the periphery, Winston Gold is gaining momentum at the right time. The road ahead is very exciting for the company, especially operating in the heart of the “Treasure State” that couldn’t be more mining friendly. There are more milestones coming in the near future and the company is expecting a very strong close to the year.

We’ve been saying all along that we think this project could be commercially viable, and I think a bulk sample would tell us that in spades,” Nye concluded to Equities. “I’m quite excited about the previous drilling done here and the way that it’s all shaping up. We’ve got a very good mining opportunity ahead of ourselves, and that’s what we’ll be focusing on for sure.”


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