- 79North (JQ) released results of 16 diamond drill holes at its Nassau Gold Project
- The drilling totalled 1,477 metres and tested a 1-kilometre strike length of the Witlage Gold Zone
- The best drilling intersection was in hole NP-22-16 which intersected 0.57 grams of gold per tonne over 13.50 metres
- 79North Inc. (JQ) is unchanged on the day, trading at C$0.03 per share at 4:15 pm ET
79North (JQ) released results of 16 diamond drill holes at its Nassau Gold Project.
The drilling totalled 1,477 metres and tested a 1-kilometre strike length of the Witlage Gold Zone.
The best drilling intersection was in hole NP-22-16 which intersected 0.57 grams of gold per tonne over 13.50 metres.
| Drill Hole | From m | To m | Intercept m | Au grams/tonne | Comment |
| NP-22-01 | Witlage Zone, NSV | ||||
| NP-22-02 | 40.5 | 43.50 | 3.00 | 0.52 | Witlage Zone, sheared felsic volcanic with quartz veins |
| NP-22-03 | 67.50 | 69.40 | 1.90 | 0.56 | Witlage Zone, silicified felsic volcanic with quartz vein stockwork, 0.5% disseminated pyrite |
| 82.00 | 85.00 | 3.00 | 0.80 | Witlage Zone, as above | |
| NP-22-04 | 14.50 | 15.50 | 1.00 | 0.70 | Witlage Zone, fine grained purple saprolite with minor quartz veinlets |
| 40.50 | 41.00 | 0.50 | 1.41 | Witlage Zone, as above | |
| 43.00 | 44.00 | 1.00 | 0.60 | Witlage Zone, as above | |
| 39.00 | 52.50 | 13.50 | 0.54 | Witlage Zone, as above | |
| including | 50.70 | 52.50 | 1.80 | 2.86 | Witlage Zone, as above |
| NP-22-05 | 57.00 | 70.50 | 13.50 | 0.50 | Witlage Zone, quartz vein stockwork in Witlage Shear Zone |
| NP-22-06 | 72.00 | 79.00 | 7.00 | 0.55 | Witlage Zone, mudstone with iron oxide gossan |
| NP-22-07 | Witlage Zone, NSV | ||||
| NP-22-08 | Witlage Zone, NSV | ||||
| NP-22-09 | 67.00 | 71.00 | 4.00 | 0.56 | Witlage Zone, sheared mudstone with minor quartz veinlets and disseminated pyrite |
| 76.80 | 78.10 | 1.30 | 0.70 | Witlage Zone, as above | |
| NP-22-10 | Witlage Zone, NSV | ||||
| NP-22-11 | 66.00 | 67.00 | 1.00 | 3.56 | Ziti occurrence, mudstone with a few quartz-pyrite veinlets |
| 83.50 | 87.00 | 3.50 | 0.81 | Ziti occurrence, sheared sandstone with 1% pyrite boxworks | |
| NP-22-12 | Ziti occurrence, NSV | ||||
| NP-22-13 | Filini occurrence, NSV | ||||
| NP-22-14 | Witlage Zone, hole abandoned | ||||
| NP-22-15 | 3.00 | 4.00 | 1.00 | 1.51 | Witlage Zone, pisolitic clay |
| 64.50 | 66.00 | 1.50 | 1.06 | Witlage Zone, saprock with a few quartz veinlets with pyrite boxworks | |
| NP-22-16 | 18.0 | 31.5 | 13.50 | 0.57 | Witlage Zone, quartz vein stockwork in sheared conglomerate |
| 39.00 | 39.50 | 0.50 | 1.84 | Witlage Zone, sandstone with 0.5% disseminated pyrite |
Note: Drilling assays above 0.5 grams gold per tonne reported, drilling intercepts are core length and may not be true width. NSV means no significant intercept.
For context of these sample grades, the grade of the Newmont Merian Mine, 20 kilometres northeast of the Nassau concession is approximately 1.2 grams gold per tonne.
The company’s President and CEO, Jon North, commented that the Nassau Project lies in an area that has been severely underexplored.
“Using the valuable information gleaned from this drilling campaign, we will continue to identify and test gold targets on the property and plan to follow up on these drilling results in the area and pursue our pipeline of undrilled targets.”
79North is a mineral exploration company focused on the exploration and mining of gold and other minerals. 79North holds an indirect interest in mineral concessions in northern Suriname and aims to become the premier junior exploration company in this under-explored district of the prolific Guiana Shield.
79North Inc. (JQ) is unchanged on the day, trading at C$0.03 per share at 4:15 pm ET.
