- Gold79 Mines (AUU) will start a planned drill program at its Greyhound project in May
- The Greyhound project is located in Nunavut, Canada
- The planned drilling program will comprise eight holes for approximately 1,100 metres
- The three planned priority targets are the Dingo Pluton Gold Target, Aura Lake Gold Target and Outstanding Lake VMS Target
- Gold79 Mines is unchanged on the day, trading at C$0.095 at 11:37 am ET
Gold79 Mines (AUU) will start a planned drill program at its Greyhound project in May.
The Greyhound project is located in Nunavut, Canada.
The diamond drilling program will be focused on three priority target areas with the objective of identifying gold-bearing structures or veins at two targets and VMS-type mineralization at another target area.
The three planned priority targets are the Dingo Pluton Gold Target, Aura Lake Gold Target and Outstanding Lake VMS Target.
The planned drilling program will comprise eight holes for approximately 1,100 metres.
Three drill holes are planned (390 metres) targeting the strongest induced polarization (IP) anomalies from a 2018 geophysical survey at the South-East Aura Lake Gold Target.
The planned drill holes are up ice of distinct gold-in-till anomalies. They will test the source of soil and boulder Au and As anomalies. The South Aura Lake Gold Target is proximal to a number of historical high grade locally transported rock samples containing up to 28 grams per tonne of gold.
Agnico Eagle is the mine operator of the Greyhound joint venture.
Gold79 Mines is a TSX Venture listed company focused on building ounces in the Southwest U.S. The company holds 100 per cent 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, and the Gold Chain Project located in Arizona.
Gold79 Mines is unchanged on the day, trading at C$0.095 at 11:37 am ET.
