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Rabu, 19 Juni 2024

White Gold Corp. Announces Fully Funded 2024 Exploration Program on its District Scale Land Package in Yukon, Canada

White Gold Corp. Announces Fully Funded 2024 Exploration Program on its District Scale Land Package in Yukon, Canada

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TORONTO, June 19, 2024 – White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce plans for its fully funded 2024 exploration program on its district scale 315,000-hectare land package, representing approximately 40% of the emerging White Gold District (the “District”) in Yukon, Canada.


The Company’s district scale land package hosts it flagship White Gold Project comprised of 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category (1) which remains open for expansion. The Company has also made multiple new discoveries on the various other properties, identified prospective new drill targets, and continues to evaluate its grassroots properties within this underexplored and prospective District.


The 2024 program will evaluate multiple targets on the Betty and QV properties with maiden diamond drilling. At Betty, four targets including Black Betty, Betty White East, Betty Ford West, and Betty Ford will be drill tested and at QV, a newly discovered 1 km long gold-in-soil anomaly located approximately 9 km northwest of the VG deposit will be drill tested. A regional exploration program on several other properties includes geological mapping and prospecting, soil geochemistry sampling, ground magnetics and VLF-EM and LiDAR surveys. The 2024 exploration program will be focused on identifying new targets with potential for increasing the Company’s gold resources in the District.


A map outlining the Company’s planned 2024 exploration work areas (Figure 1) and target-specific maps (Figures 2-3) accompanying this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.


We are excited to kick off our 2024 exploration program” stated Terry Brace, the Company’s Vice President of Exploration. “This year’s program at the Betty property will see maiden diamond drilling at three targets that were ranked as highest priority in a recent prospectivity analysis on the Betty property which incorporated multiple data sets including geological structures interpreted from magnetics and LiDAR, and soil geochemistry. At the QV property, we are carrying out early season ground surveys including additional soil geochemistry sampling and VLF-EM surveying over the new 1 km long gold-in-soil anomaly identified last year, which will be followed by maiden diamond drill testing later this season. The geochemical signature of this anomaly is similar to the Golden Saddle and VG deposits which is quite encouraging”.


Extensive review and analysis performed of the Company’s comprehensive geochemical, geophysical and geologic structural database of the entire district has guided the selection of targets for the diamond drill program on new gold targets with additional work on our copper-molybdenum porphyry targets as we continue to unlock the mineral endowment potential of this underexplored district. We look forward to an exciting year ahead as we continue to demonstrate the expansiveness of gold mineralization in the White Gold District and potentially other mineral resources,” stated David D’Onofrio, Chief Executive Officer

Highlights:

  • Exploration diamond drilling totalling 2,800 m on 5 targets across two properties:
  • Betty property (8 holes, 1600 m) – Including maiden diamond drilling at Black Betty, Betty White East, Betty Ford West targets, and extensional diamond drilling at the Betty Ford target.
  • QV property (4 holes, 1200 m) – Early season ground surveys including soil geochemistry sampling and VLF-EM surveying, followed by diamond drilling at the newly discovered gold-in-soil anomaly.
  • Betty Property: Maiden diamond drilling at the Black Betty, Betty White East and Betty Ford West targets is designed to test highest priority areas on the Betty property which were identified by a comprehensive prospectivity analysis through examination and synthesis of the property’s geochemical, geophysical and geological structural data.
  • QV Property: Maiden diamond drilling will evaluate the newly discovered 1 km long gold-in-soil anomaly (see Company news release dated Feb. 22, 2024, available on SEDAR+) which has a geochemical signature similar to the Company’s VG and Golden Saddle deposits.
  • Regional exploration on several other properties includes geological mapping and prosecting, soil geochemistry surveys, ground magnetics and VLF-EM surveys, and LiDAR designed to generate new targets for future advancement.
  •  Additional detail on the various components of the program to be released in due course.
  • Company management will be hosting a webinar to present provide additional detail on the Company’s fully funded 2024 exploration program with details to be announced in due course. 

Betty Property


The Betty property is contiguous to and located approximately 40 km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee gold deposit (Measured and Indicated Resources of 2.1 Moz gold at 1.28 g/t Au and Inferred Resources of 0.2 Moz gold at 1.04 g/t Au(2)) and 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 7.6 Blbs copper and 14.8 Moz gold and Inferred Resources of 3.1 Blb copper and 6.3 Moz gold(3)).


The Betty property is underlain by very favourable geology and is highly prospective for several mineral deposit types including orogenic gold, porphyry copper-molybdenum-gold, epithermal gold-silver, and intrusion-related gold deposits. The property is located on the eastern strike extension of the Coffee Creek Fault (“CCF”), which exerts important structural controls on the Coffee deposit. The Betty Ford target, which has been an exploration focus for the past few field seasons, is located on an east-west striking secondary splay located approximately 1 km south of the CCF. Exploration diamond drilling at Betty Ford has intersected thick intervals of near-surface high-grade gold mineralization along 175 m of strike length within a polylithic breccia host unit, including 3.46 g/t Au over 50.0 m in hole BETFD21D003, 3.38 g/t Au over 53.0 m in BETFD23D013 and 2.96 g/t Au over 46.50 m in BETFD23D014, including a higher-grade subinterval of 5.03 g/t Au over 25.0 m. The Mascot target, located approximately 5 km southeast of Betty Ford, is underlain by diorite to granodiorite intrusive rocks and covers a large cluster of gold-in-soil geochemical anomalies measuring 4 km E-W x 4 km N-S. Exploration reverse circulation (RC) and diamond drilling by the Company in 2022 intersected 4.13 g/t Au over 7.62 m in hole BETMAS22RC004, 2.02 g/t Au over 8.60 m in BETMAS22D008, and 1.25 g/t Au over 17.35 m at the Davis Zone, and 1.13 g/t Au and 33.71 g/t Ag over 14.80 m at the Page Zone. In addition to the Betty Ford and Mascot targets, the Betty property hosts several other prospective targets which have seen limited previous exploration and no diamond drilling.


A prospectivity analysis of the Betty property was recently completed by the Company and Dr. Matias Sanchez of Fault Rocks Inc., which incorporated 26 data layers of structural interpretation based on LiDAR and magnetics, as well as extensive soil geochemistry data, to produce an integrated prospectivity ranking of orogenic gold and porphyry copper-gold targets. Three of the highest ranked orogenic gold targets have been selected for maiden diamond drill testing in 2024: 1) Black Betty; 2) Betty White East; and 3) Betty Ford West.

Black Betty


The Black Betty target forms a 700 m-long gold-in-soil anomaly with locally coincident anomalous Cu-As-Bi. The target is located in the western region of the Betty property and immediately overlies the CCF, along with second-order NW-trending splays of the CCF. Previous field mapping suggests that gold is hosted within strongly quartz-sericite altered felsic augen gneiss, indicating potential for orogenic gold-hosted mineralization similar to the Golden Saddle deposit. Historical RAB drilling has been undertaken at the Black Betty target; however, the holes were unable to reach their target depths due to poor ground conditions. The planned diamond drilling represents the first diamond drill holes at the target and is anticipated to test the gold potential of the interpreted structures.


Betty White East


Betty White East, which forms an approximately 2 km-long gold-in-soil anomaly, is located about 7 km southeast of Betty Black and is also positioned along and adjacent to the CCF. Mineralization at the Betty White East target appears to be associated with a series of second-order, NW-trending splays related to the CCF. Gold mineralization appears to be associated with broad areas of strong sericite alteration, localized silicification and deformation of the host rocks, and coincident Ag, As, Cu, Mo, Zn, and Bi soil geochemistry. Geologically, the target is thought to be comprised of a combination of strongly foliated, variably sericite-altered augen gneiss, banded quartzite, and biotite quartz feldspar gneiss. Gold mineralization is interpreted to be vein-hosted and associated primarily with pyrite and lesser arsenopyrite mineralization. The 2024 drilling program marks the first diamond drilling at the Betty White East target.


Betty Ford West


The Betty Ford West target represents a 700 m-long by 150 m-wide gold-in-soil anomaly extending west from the Betty Ford target. The target is defined by a Au, As, and Sb soil anomaly with follow up rock and GT probe samples returning anomalous Au (up to 0.346 g/t). The mineralization is interpreted to be hosted within strongly sericite-altered feldspar augen gneiss and strongly folded biotite schist and gneiss and is associated with disseminated pyrite and arsenopyrite. Based on ground magnetics and an IP survey in the area, mineralization appears to occur at the intersection of the NW-trending and W-trending faults. The western region of the Betty Ford West trend appears to be dextrally offset by a prominent gully fault, with the anomaly continuing westward to form the Grable target. Combined, the Betty Ford West and Grable targets cover an approximate strike length of 1.6 km.


Betty Ford


A diamond drill hole will be drilled at the Betty Ford target as part of the 2024 drilling program. Gold mineralization at the Betty Ford target is primarily hosted within the oxide and transitional domains of an approximately 100 m-wide polylithic breccia host unit. To date, gold mineralization within these domains has been traced to approximately 75 m vertical depth and 175 m along strike. Additionally, broad intersections of gold mineralization have recently been identified in the sulphide domain, which may be part of a potential feeder structure responsible for broad and higher-grade near-surface gold mineralization.

The purpose of the 2024 drilling at Betty Ford is to test the eastern extent of the gold-bearing breccia while also crossing an interpreted fault to test the cross-fault extension potential. The 2024 drilling will also test for a possible eastern feeder structure of economic gold tenor within the sulphide domain to explore the vertical potential of gold mineralization at the target. An estimated 200 m of diamond drilling is planned for Betty Ford.

QV Property


In 2023 a soil geochemistry survey identified a new 1 km long gold-in-soil anomaly located approximately 9 km northwest of the VG deposit (see Company News Release dated February 22, 2024). The soil anomaly generally strikes east-west. Ten (10) samples from the anomaly returned greater than 50 ppb Au in the range of 51.1 to 327 ppb Au. The anomaly also has associated anomalous tellurium. Arsenic-in-soil values are low, and overall, the signature of the anomaly appears to be similar to the VG deposit and the Golden Saddle deposit suggesting a similar style of mineralization. The strike length of the soil anomaly is generally comparable to that of the VG deposit anomaly and remains open along strike to the east and west.


Planned exploration work on the QV property in 2024 will focus on detailing and drill-testing the soil anomaly. Early season work includes additional infill and expansion soil geochemistry sampling and ground VLF-EM surveying. The infill soil samples will provide higher sample density and resolution of the anomaly, and 2D inversions of the VLF-EM data is expected to provide a reliable dip on the associated controlling geological structure. Four diamond drill holes totalling approximately 1200 m are planned to test the target along its strike length, with final hole locations to be selected based on results of the ground surveys.

Regional Exploration



Regional exploration work including geological mapping and prosecting, soil sampling, ground magnetics and VLF-EM surveying, and LiDAR will be carried out on several properties with a goal of identifying new targets for future advancement. 

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About White Gold Corp.

 

The Company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,000 hectares (3,150 km2) representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold project hosts four near-surface gold deposits which collectively contain an estimated 1,152,900 ounces of gold in Indicated Resources and 942,400 ounces of gold in Inferred Resources(1). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.1 Moz at 1.28 g/t gold and Inferred Resources of 0.2 Moz at 1.04 g/t gold(2), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 7.6 Blb copper and 14.5 Moz gold and Inferred Resources of 3.3 Blb copper and 6.6 Moz gold(3). For more information visit www.whitegoldcorp.ca.

 

(1) See White Gold Corp. technical report titled “2023 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada ”, Effective Date April 15, 2023, Report Date May 30, 2023, NI 43-101 Compliant Technical Report prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR.

 

(2) See Newmont Corporation Form 10-K: Annual report for the year ending December 31, 2023, in the Measured, Indicated, and Inferred Resources section, dated February 29, 2024, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.

 

(3) See Western Copper and Gold Corporation technical report titled “Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR.

 


Qualified Person


Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.

 

Cautionary Note Regarding Forward Looking Information



This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

 

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:


the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties;; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as 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 statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

 

For Further Information, Please Contact:

 

Contact Information:

David D’Onofrio

Chief Executive Officer

White Gold Corp.

(647) 930-1880

ir@whitegoldcorp.ca

Kamis, 06 Juni 2024

Getchell Gold Corp.’s 2024 Field Work



Getchell Gold Corp.'s 2024 Field Work Delivers a 7% Increase in the Bulk Density
of the Mineralized Host Rock at the Fondaway Canyon Gold Project, Nevada 



Vancouver, BC – June 6, 2024 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company")is pleased to announce the completion of the bulk density ("BD") field program that forms part of an updated Mineral Resource Estimate ("Updated MRE")at the Fondaway Canyon gold project in Nevada.


Key Highlights:

  • 7% Increase to the density of the mineralized host rock;

  • Bulk density is one of the main factors utilized in mineral resource estimates;

  • The Updated MRE for theFondaway Canyon gold project is in progress; and

  • 8 drill holes with notable goldintervals, not previously incorporated, will augment the Updated MRE;


Bulk Density Program


The Company published its first Mineral ResourceEstimate* ("2023 MRE") for the Fondaway Canyon gold project (Company news release dated February 1, 2023), reporting:

  • Inferred Mineral Resource of 38.3 million tonnes at an averagegrade of 1.23 g/t Au for 1,509,100 ounces of gold; and

  • Indicated MineralResource of 11.0 million tonnes at an average grade of 1.56 g/t Au for anadditional 550,800 ounces of gold;


As there was an insufficient population of bulk density samples previously collected, a default density of 2.56 g/cm3 was assigned to the rock hosting the mineralized zones in the 2023 MRE.  In order to establish a more representative value to be utilized in the UpdatedMRE, a field program was initiated in April 2024 to measure a statistically significant population of drill core.


A total of 1,382sample measurements were recorded from nine holes drilled by the Company between 2020 and 2022, well representative of the lithologies, alteration, and mineralization contained within the mineral resource. Validating the field measurements, a subset of 121 samples was sent to Bureau Veritas analytical laboratory in Sparks,Nevada for independent confirmation and to provide a number of measurements using a wax coating methodology.


A density of 2.74 g/cm3, representing a 7% increase, was derived from the BD program and assigned to the rock hosting the mineralized zones.  Thisvalue is a direct input factor in a mineral resource estimate and may potentiallyrepresent a commensurate increase in tonnes given all other factors and inputsremain unchanged.


"The positive result of the bulk density sampling program is another one in a long series of positive results produced by Getchell Gold Corp. at Fondaway Canyon, and one that continues to increase the attractiveness and potential of the project."states Mike Sieb, President of the Company. 


Updated Mineral Resource Estimate


Of the 26 holes drilled by the Company in the Central Area of Fondaway Canyon since 2020, only18 of those holes were incorporated into the 2023 MRE.  The results of the additional eight (8) drillholes were received after the cutoff date for data to be included in the 2023 MRE.  All eight (8) of these drill holes, FCG22-20to FCG22-28, excluding FCG22-24 that drilled a separate target area, reported significant intervals of gold mineralization**:


image placeholder

Mike Dufresne, P.Geo., of Apex Geoscience Ltd., is the Qualified Person (as defined in National Instrument 43-101) who reviewed and approved the content and scientific and technical information in the news release.


** Drill results published in Company news releases dated November 2 and 15, 2022, and January 10 and 18, 2023.


*Notes on the 2023 MineralResource Estimate:

  1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Resource as Indicated or Measured MineralResources, however, it is reasonable to expect that the majority of theInferred Mineral Resource could be upgraded to Indicated Mineral Resources with continued exploration.  There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of MineralResources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum("CIM") standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council (CIM 2014 and 2019).

  1. The effective date of the Mineral ResourceEstimate is December 15, 2022, and a technical report on the Fondaway Canyon project titled "Technical Report Mineral Resource Estimate Fondaway CanyonProject, Nevada, USA" was filed by the Company on SEDAR+ on February 1, 2023.

  1. The independent and qualified person for theMRE, as defined by National Instrument 43-101, is Michael Dufresne, P.Geo.,from APEX Geoscience Ltd.

  1. The Mineral Resource Estimate is underpinned by data from 518 reverse circulation and diamond drill holes totalling 52,395m of drilling that intersected the mineralized domains.


  2. The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 2.0 g/t Au for the conceptual underground extraction scenario. The lower cut-off grades and potential mining scenarios were calculated using the following parameters:mining cost = US$2.70/t (open pit); G&A = US$2.00/t; processing cost =US$15.00/t; recoveries = 92%, gold price = US$1,650.00/oz; royalties = 1%; and minimum mining widths = 1.5 metres (underground) in order to meet the requirement that the reported Mineral Resources show "reasonable prospects for eventual economic extraction".

  1. Original Au assays were composited to 1.5 m with 11,957 composites generated overall in the mineralized domains including9,980 composites generated for the Central Zone, 1,323 for the Mid-Realm /South Mouth Zone, and 654 for the Silica Ridge / Hamburger Hill Zone.

  1. Grade interpolation was performed by ordinary kriging using 1.5 metre composites (block size of 3m x 3m x 3m).


  2. A default density of 2.56 g/cm3 was used forthe mineralized zones.


  3. The mineral resources estimate is categorized as indicated or inferred and classified based on data density, data quality, confidence in the geological interpretation and confidence in the robustness of the grade interpolation. The indicated category was defined by a search ellipse extending 55m along the major axis, 40m along the minor axis, and 10m vertical.In addition, a minimum of 3 drill holes were required, reporting 9 samples with a maximum of 3 samples per drill hole. The inferred category was defined using a search of up to 120 m and requiring at least 1 sample per drill hole from a minimum of 2 drill holes.

  1. High-grade capping supported by statistical analysis was completed on composite data foreach zone and was established at 29 g/t Au for the Central Zone, 6.5 g/t Au forthe Mid Realm - South Mouth Zone, and 8.0 g/t Au for the Silica Ridge –Hamburger Hill Zone.


  2. The number of metric tonnes was rounded to the nearest thousand and gold ounces was rounded to the nearest hundred, and any discrepancies in the totals are due to rounding effects. Metal content is presented in troy ounces (tonnes x grade(g/T) / 31.10348).


  3. The author is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues or any other relevant issue not reported in the technical report that could materially affect the mineral resource estimate.


About Getchell Gold Corp.


The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1.  Getchell Gold is primarily directing its efforts on its most advancedstage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate.  Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag)and Hot Springs Peak (Au).


For further information please visit theCompany's website at www.getchellgold.com or contact the Company atinfo@getchellgold.com.


Mr.  William Wagener,CEO


Getchell Gold Corp.
1-647-249-4798
info@getchellgold.com


The Canadian Securities Exchange has not reviewed this pressvrelease and does not accept responsibility for the adequacy or accuracy of thisvnews release. 


Certain information contained herein constitutes"forward-looking information" under Canadian securities legislation.Forward-looking information includes, but is not limited to, statements with respect to the timing and results, albeit an increase or decrease, of the specific density characterization program or of an updated Mineral ResourceEstimate at the Fondaway Canyon gold project; and the launching and completion of the Financing, the terms of the Financing, the issuance and vesting ofWarrants, payment of finder's fees in connection with the Financing, receipt ofall applicable regulatory approval of the Financing, and the use of proceeds.  Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur.  Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.



Kamis, 23 Mei 2024

Iron Filters for Well Water on a Budget: Affordable Options That Work – Your Comprehensive Guide pen_spark

Yes, you can find effective and affordable iron filters for your well water. Millions of homeowners across the United States rely on well water for their daily needs. While well water is often a source of pride and self-sufficiency, it can also present challenges, particularly when it comes to excess iron. Rusty stains on fixtures, a metallic taste in your water, and even potential health concerns are just a few of the issues iron can cause. However, don't despair – there are plenty of budget-friendly solutions available to tackle this problem.

This comprehensive guide will walk you through everything you need to know about iron filters, from understanding why iron in your well water is a problem to choosing the right filter for your needs and budget.

Why is Iron in Well Water a Problem?

While iron is a naturally occurring element and essential for our health in small amounts, excessive levels in well water can lead to a variety of problems:

  • Health Concerns: The Environmental Protection Agency (EPA) sets a secondary standard of 0.3 milligrams per liter (mg/L) for iron in drinking water. While exceeding this limit doesn't necessarily pose an immediate health risk, long-term consumption of high levels of iron can lead to issues like hemochromatosis, a condition where the body stores too much iron. It's particularly important for infants, young children, and pregnant women to avoid excessive iron intake.

  • Aesthetic Issues: Iron is the culprit behind those unsightly reddish-brown stains that plague sinks, toilets, bathtubs, and laundry. These stains can be difficult to remove and create an overall unpleasant appearance. Imagine trying to enjoy a relaxing bath in a tub stained with rust – not very appealing!

  • Plumbing and Appliance Damage: Iron doesn't just affect the surfaces it touches; it can also wreak havoc on your plumbing system. Iron buildup can clog pipes, reduce water pressure, and even damage water heaters and other appliances. Replacing plumbing and appliances can be a costly endeavor, making iron removal a wise investment.

How Do Iron Filters Work?

Iron filters utilize various methods to remove excess iron from your well water, and understanding these mechanisms will help you choose the right filter for your specific needs.

  • Aeration (Air Injection) Filters: These systems introduce oxygen into the water, causing dissolved ferrous iron (clear water iron) to oxidize and transform into ferric iron (rust particles). The oxidized iron is then trapped by a filter media, typically a bed of specialized sand or other material. Aeration systems are often effective for a wide range of iron concentrations.

  • Oxidation Filters: Similar to aeration, oxidation filters use oxidizing media to convert ferrous iron to ferric iron. However, instead of air, they utilize materials like manganese greensand or Birm. These filters are typically more compact and require less maintenance than aeration systems.

  • Water Softeners with Iron Removal: Some water softeners incorporate iron removal capabilities, but they are primarily designed to remove hardness minerals like calcium and magnesium. If your well water is both hard and contains iron, a combination system might be worth considering, but it's important to consult with a water treatment professional to determine the best approach.

Choosing the Right Iron Filter on a Budget

Selecting the ideal iron filter for your well water requires careful consideration of several factors:

  • Water Testing is Essential: Before you invest in any filter, it's crucial to have your well water professionally tested. A comprehensive water analysis will reveal not only the iron level but also the type of iron (ferrous, ferric, or bacterial), pH level, hardness, and other potential contaminants. This information is essential for selecting the most effective filter for your specific situation.

  • Budget Considerations: Iron filters vary significantly in price, from a few hundred dollars for basic DIY models to several thousand dollars for whole-house systems. Determine your budget upfront and explore options within that range. Remember that the cheapest option isn't always the best; consider the long-term costs of filter media replacement and potential maintenance.

  • DIY vs. Professional Installation: Some iron filters are designed for easy DIY installation, while others require professional expertise. If you're comfortable with basic plumbing, a DIY filter can save you money on installation costs. However, complex systems might be best left to the professionals to ensure proper setup and functionality.

Top Budget-Friendly Iron Filter Options

Now that you understand the basics of iron filters, let's explore some affordable options that are readily available:

  • Air Injection (Aeration) Systems:

    • SpringWell WS1: This whole-house filter system uses air injection technology to effectively remove iron and sulfur. It's known for its low maintenance requirements and ability to handle various iron levels. While it may have a higher upfront cost than some other options, its durability and performance make it a worthwhile investment.
    • Durawater Iron Eater: This simple air injection system is a budget-friendly choice for moderate iron levels. It's easy to install and requires minimal maintenance, making it a popular option for DIY enthusiasts. However, it may not be suitable for very high iron concentrations.
  • Oxidizing Filters:

    • Pentek RFFE Series: These versatile filters come in various sizes and configurations, allowing you to customize them based on your water test results. They can be used with different filter media, such as Birm or KDF, to target specific contaminants.
    • Fleck 5600SXT Control Valve: While not a filter itself, this control valve is a key component of many iron filter systems. It's known for its reliability and compatibility with a wide range of filter tanks and media, making it a popular choice for DIY setups.
  • DIY Options:

    • Building Your Own Filter: For the truly budget-conscious, it's possible to construct a basic iron filter using readily available materials like PVC pipe, air injectors, and filter media. Numerous online resources and forums provide instructions for DIY iron filter projects.

Maintenance and Troubleshooting Your Iron Filter

Maintaining your iron filter is crucial for ensuring its longevity and effectiveness:

  • Regular Backwashing: Most iron filters require periodic backwashing to flush out accumulated iron and debris. This process typically involves reversing the flow of water through the filter media, which helps to maintain its filtering capacity. Consult your filter's manual for specific backwashing instructions and frequency.

  • Media Replacement: Depending on the type of filter and your water conditions, the filter media may need to be replaced every few years. Keep track of your water quality and be sure to replace the media as recommended by the manufacturer to maintain optimal performance.

  • Troubleshooting Common Issues: If you experience problems like low water pressure, unusual noises, or discolored water, refer to your filter's troubleshooting guide. Common issues can often be resolved with simple adjustments or maintenance tasks.

Reviews of Affordable Iron Filters

Let's take a closer look at a popular budget-friendly option:

  • SpringWell WS1 Review: The SpringWell WS1 is a highly-rated whole-house iron filter system that utilizes air injection technology. Users praise its effectiveness in removing iron and sulfur, as well as its low maintenance requirements. While it may have a higher upfront cost than some DIY options, its durability and performance make it a valuable investment for those seeking a long-term solution.

(Note: This review section could be expanded with additional reviews of other affordable filters, gathering insights from reputable sources like Consumer Reports or Amazon.)

Additional Tips for Well Water on a Budget

  • Water Softening: If your well water is both hard (containing high levels of calcium and magnesium) and has iron, you might need a water softener in addition to an iron filter. Hard water can cause its own set of problems, such as scale buildup in pipes and appliances, dry skin, and soap scum. A water softener will remove hardness minerals, while an iron filter will address the iron issue.

  • Other Well Water Problems: Well water can sometimes contain other contaminants like manganese, sulfur, or bacteria. Each of these requires specific treatment methods. If your water test reveals additional contaminants, consult with a water treatment professional to determine the best course of action.

  • DIY Maintenance Tips: Even if you opt for professional installation, you can save money by performing some basic maintenance tasks yourself. This might include cleaning sediment filters, checking valves, and monitoring your water quality for changes.

By following these tips and investing in an affordable iron filter, you can ensure that your well water is clean, clear, and safe for you and your family to enjoy.

Sources:
https://dontthinkjustfeel.blogspot.com/
https://saitedavida.blogspot.com/

https://romancasociety.blogspot.com/

https://escalada-pico.blogspot.com/

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Rabu, 22 Mei 2024

Understanding Iron in Well Water: Why It's a Problem and How to Fix It

Have you noticed rust-colored stains in your sinks, a metallic taste in your water, or an unsettling orange tint? These are common signs of elevated iron levels in your well water. While iron is naturally occurring and essential for human health in small amounts, excessive concentrations can lead to a range of issues, from cosmetic concerns to potential health risks. In this comprehensive guide, we will delve into the causes and effects of iron in well water, provide actionable steps for testing and treatment, and equip you with the knowledge to safeguard your home and health.

Understanding Iron in Well Water: A Deeper Dive

Iron in well water is a prevalent issue, especially in regions with iron-rich soil and rock formations. As groundwater percolates through these layers, it dissolves iron, carrying it into your well. To effectively address this issue, it's crucial to understand the different types of iron that can contaminate your water supply.

What Types of Iron Lurk in My Well?

  • Ferrous Iron (Fe2+): This is the most common form of iron found in well water. It's dissolved and invisible to the naked eye, giving the water a clear appearance. However, when exposed to air, ferrous iron oxidizes into ferric iron, leading to those telltale rust-colored stains.
  • Ferric Iron (Fe3+): This is the oxidized form of iron and is responsible for the reddish-brown or orange discoloration of water. It's insoluble, meaning it doesn't dissolve, and can appear as visible particles or sediment.
  • Organic Iron: Also known as collodial iron, this type is bound to organic matter like tannins or humic acids. It's more challenging to remove than other forms and can cause yellow or brown staining.
  • Bacterial Iron: Some bacteria thrive in iron-rich environments. These microorganisms can cause a slimy buildup in pipes and create an unpleasant swampy odor in your water.

Each type of iron presents unique challenges in terms of detection and removal. It's important to identify the specific type(s) present in your well water to determine the most appropriate treatment method.

How Does Iron Get into My Well Water?

Iron contamination primarily occurs due to natural geological processes. As water travels through underground rock and soil, it picks up minerals, including iron. The concentration of iron can vary depending on the geology of your area. For example, areas with high levels of iron ore deposits or acidic soils are more likely to have elevated iron levels in groundwater.

Additionally, the construction of your well can contribute to iron problems. If your well casing or pipes are made of iron or steel, corrosion can release iron particles into the water. This is more common in older wells or those with damaged casings.

The Unpleasant Effects of Iron-Laden Water

Is My Orange Well Water Safe to Drink? Potential Health Risks

The presence of iron in well water raises concerns about its safety for consumption. While iron is an essential nutrient, excessive amounts can lead to health problems. The World Health Organization (WHO) states that concentrations exceeding 0.3 mg/L can cause an unpleasant metallic taste and discoloration, making the water unpalatable.

In terms of health risks, the Environmental Protection Agency (EPA) has established a secondary maximum contaminant level (SMCL) for iron at 0.3 mg/L. This level is not enforceable but serves as a guideline for aesthetic considerations. However, long-term consumption of water with high iron levels can potentially lead to issues like:

  • Gastrointestinal Problems: Stomach pain, nausea, vomiting, and constipation.
  • Liver Damage: In severe cases, especially with prolonged exposure to very high levels.

It's important to note that these health effects are primarily associated with very high levels of iron and long-term exposure. However, it's always recommended to test your well water and consult with a healthcare professional if you have concerns about the safety of your drinking water.

Rusty Pipes and Stained Laundry: The Household Havoc of Iron

Beyond health concerns, iron in well water wreaks havoc on your household plumbing and appliances. The most visible signs are the stubborn rust-colored stains that appear on sinks, tubs, toilets, and laundry. These stains are difficult to remove and can detract from the appearance of your fixtures.

Iron buildup can also clog pipes, reducing water pressure and potentially leading to costly repairs. Appliances like dishwashers and washing machines can be damaged by iron deposits, leading to premature wear and tear and reduced efficiency.

Moreover, iron can promote the growth of iron bacteria, which create a slimy buildup in pipes and emit an unpleasant odor. This can further exacerbate clogging issues and contribute to poor water quality.

Testing and Treating Iron in Well Water: Your Action Plan

How Do I Know if I Have an Iron Problem? Testing Your Water

If you suspect iron in your well water, the first step is to get it tested. You have a few options:

  1. Home Test Kits: These are readily available and relatively inexpensive. They can provide a general idea of the iron level in your water, but they may not differentiate between the different types of iron.

  2. Professional Laboratory Testing: For a more accurate and comprehensive analysis, it's recommended to have your water tested by a certified laboratory. These labs can identify the specific types of iron present and their concentrations, which is crucial for determining the most effective treatment method. The National Environmental Laboratory Accreditation Program (NELAP) accredits laboratories that meet stringent quality standards for water testing.

When collecting water samples for testing, it's essential to follow proper procedures to ensure accurate results. If you're unsure how to collect samples correctly, consult with your local health department or a water testing professional.

Which Iron Filter is Right for Me? Choosing the Best Treatment Solution

The optimal treatment method for iron in well water depends on several factors, including:

  • Type of Iron: Different types of iron require different treatment approaches. For example, ferrous iron is often removed with oxidation filters, while ferric iron may require filtration or settling.
  • Iron Concentration: The level of iron in your water will determine the size and type of treatment system needed.
  • Water Usage: Your household's water consumption will influence the capacity and flow rate requirements of the system.
  • Budget: Iron removal systems vary in price, so consider your budget when making a decision.

Here's an overview of common iron removal methods:

  • Oxidation Filters: These systems introduce air or chemicals like chlorine or potassium permanganate to oxidize ferrous iron into ferric iron, which is then filtered out.
  • Ion Exchange Water Softeners: These systems are effective for removing low to moderate levels of ferrous iron and can also soften hard water.
  • Manganese Greensand Filters: These filters use a special media coated with manganese oxide to remove iron and manganese through oxidation and filtration.
  • Aeration Systems: Aeration involves injecting air into the water to oxidize ferrous iron, which then precipitates out and can be filtered.

When selecting an iron filter, research reputable brands like Kinetico, SoftPro Water Systems, or SpringWell Water Filtration Systems, known for their quality and effectiveness. It's also crucial to consult with a water treatment professional to determine the best system for your specific needs and budget.

Beyond Treatment: Preventing Future Iron Issues

While treating existing iron problems is essential, preventing future contamination is equally important. Here are some proactive measures you can take:

  • Regular Well Maintenance: Schedule annual inspections and maintenance of your well by a qualified professional. This can help identify and address potential issues before they escalate.
  • Shock Chlorination: Periodic shock chlorination of your well can help control iron bacteria growth.
  • Proper Well Construction: If you're drilling a new well or replacing an old one, ensure that the well casing and pipes are made of materials resistant to corrosion, such as stainless steel or PVC.
  • Manage pH Levels: Maintaining proper pH levels in your well water can help prevent iron from dissolving and entering your water supply.

By taking these preventive measures, you can significantly reduce the risk of future iron contamination and ensure the longevity of your well and water treatment system.

Understanding and addressing iron in well water is crucial for maintaining a clean, healthy, and efficient water supply for your home. By following the information and recommendations in this guide, you can effectively tackle iron problems and enjoy the benefits of high-quality water for years to come.

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What is an Iron Filter and Why Do I Need One for My Well Water?

An iron filter is a water treatment system specifically designed to remove excess iron from well water. If you're one of the millions of homeowners who rely on a private well for water, you've likely encountered the frustrating effects of iron. From unsightly stains on your fixtures and laundry to the unpleasant metallic taste in your drinking water, iron can wreak havoc on your home and daily life. That's where iron filters come in – they're your key to cleaner, tastier, and safer water.

Not only does iron-rich water leave unsightly stains on sinks, tubs, and toilets, but it can also damage your plumbing system over time. Iron buildup can clog pipes, reduce water pressure, and even lead to costly repairs. In addition, the metallic taste and odor of iron can make your water unpalatable, discouraging you and your family from drinking enough fluids. We'll explore the signs that indicate you need an iron filter, the various types available, and how to choose the best one for your specific needs.

The Iron Problem: Signs You Need a Filter

How can you tell if your well water needs an iron filter? Here are the telltale signs:

  1. Rusty Stains: The most obvious indicator is the presence of reddish-brown stains on your sinks, bathtubs, showers, and toilets. These stains can be difficult to remove and are a constant source of frustration. You might also notice rust-colored stains on your laundry, even after washing with detergent.

  2. Metallic Taste or Odor: Does your water taste or smell like metal? This is a common complaint among well water users and a clear sign of excess iron. Not only is this unpleasant, but it can also deter you from drinking enough water, potentially leading to dehydration.

  3. Clogged Pipes and Appliances: If you notice a decrease in water pressure or find that your appliances like water heaters and dishwashers are not working as efficiently as before, iron buildup could be the culprit. Iron particles can accumulate in pipes and appliances, causing blockages and reducing their lifespan.

  4. Red, Brown, or Yellow Water: In severe cases, you might even see discoloration in the water itself. This is a sure sign of high iron levels and requires immediate attention.

According to the Water Quality Association (WQA), a well water iron concentration of 0.3 milligrams per liter (mg/L) or more is considered problematic. A recent study by the U.S. Geological Survey found that approximately 11% of private wells in the United States exceed this threshold.

Types of Iron Filters: How They Work and Which One is Right for You

Iron filters work by either converting dissolved iron into a solid form that can be filtered out or by oxidizing the iron and then filtering it out. There are several types of iron filters available, each with its own advantages and limitations. Let's take a closer look at the most common types:

  • Oxidizing Filters: These filters use a medium, such as Birm, Greensand, or synthetic media like Pro-OX, to oxidize ferrous iron (dissolved iron) into ferric iron (solid iron). The oxidized iron then precipitates out of the water and is trapped by the filter media. Oxidizing filters are effective for treating moderate levels of iron and are relatively low maintenance.

  • Backwashing Filters: These filters use a similar process to oxidizing filters but have the added advantage of automatically or manually backwashing to remove the accumulated iron. Backwashing helps to prevent the filter media from becoming clogged, extending its lifespan. These filters are suitable for higher iron levels and offer convenience for homeowners.

  • Whole House vs. Point-of-Entry Filters: A whole-house iron filter is installed at the main water line entering your home, treating all the water used in your household. A point-of-entry filter, on the other hand, is installed at a specific point of use, such as under your kitchen sink, and only treats the water used at that location. The choice between these two depends on your specific needs and budget.


Filter Type
How it Works
Pros
Cons
Oxidizing Filter
Oxidizes iron into a solid form for filtration
Effective for moderate levels of iron, low maintenance
May not be suitable for high iron levels, requires periodic media replacement
Backwashing Filter
Oxidizes and filters iron, automatically or manually flushes out accumulated iron
Suitable for higher iron levels, longer media lifespan, convenient
Higher initial cost, more complex installation
Whole House Filter
Treats all water entering the home
Protects plumbing and appliances, improves water quality throughout the house
Higher cost, may not be necessary if iron is only a problem at specific locations
Point-of-Entry Filter
Treats water at a specific location
Lower cost, targeted treatment for drinking/cooking water
Does not protect plumbing or appliances, multiple filters may be needed for different uses Choosing the Best Iron Filter for Your Well Water

Selecting the ideal iron filter involves considering several key factors:

  1. Iron Levels: The amount of iron in your water, measured in parts per million (ppm), is the most critical factor. Higher iron concentrations require more powerful filters.

  2. Water Flow Rate: This is the amount of water that passes through your plumbing system in a given time, typically measured in gallons per minute (GPM). Your filter needs to be able to handle your household's water flow rate.

  3. Type of Iron: Iron can be present in two forms – ferrous (dissolved) and ferric (solid). Some filters are better suited for one form than the other.

  4. Budget: Iron filters vary significantly in price. Determine your budget beforehand to narrow down your options.

Before purchasing a filter, it's crucial to have your well water professionally tested. A water quality analysis will provide accurate information about the iron levels and other potential contaminants in your water, allowing you to choose the most appropriate filter.

Top-Rated Iron Filter Brands

Some of the most reputable iron filter brands include:

  • SpringWell: Known for their whole-house air injection oxidizing filters, SpringWell offers efficient and reliable iron removal solutions for various well water conditions.

  • SoftPro: SoftPro Water systems utilize a multi-stage filtration process that removes not only iron but also other contaminants like manganese and sulfur.

  • Culligan: With a long history in water treatment, Culligan offers a wide range of iron filters, including options for both residential and commercial applications.

  • Hellenbrand: Hellenbrand specializes in innovative iron filtration technologies, such as their patented Iron Curtain system, which combines ozone and air injection for superior performance.

  • American Water Technologies: This company offers a variety of iron filters, including models specifically designed for iron bacteria and sulfur bacteria.

Installing and Maintaining Your Iron Filter

The complexity of iron filter installation depends on the type of system you choose. While some point-of-entry filters can be installed by homeowners with basic DIY skills, whole-house systems often require professional installation due to their connection to the main water line.

Regular maintenance is essential to keep your iron filter functioning optimally. This includes:

  • Backwashing: If you have a backwashing filter, follow the manufacturer's instructions for how often to initiate the backwashing cycle. This process flushes out the accumulated iron and other debris from the filter media.

  • Filter Media Replacement: The filter media in your iron filter will eventually become saturated and need to be replaced. The lifespan of the media depends on the type of filter and the iron levels in your water.

  • Troubleshooting: If you notice issues like low water pressure, leaks, or changes in water quality, consult the manufacturer's troubleshooting guide or contact a professional for assistance.

Beyond Iron: Other Well Water Concerns

While iron is a common issue in well water, it's not the only one. Other contaminants that may be present include:

  • Hard Water: This is caused by high levels of calcium and magnesium, which can lead to soap scum, scale buildup, and dry skin and hair. A water softener can be used in conjunction with an iron filter to address this problem.

  • pH Levels: Low pH (acidic) water can corrode pipes and fixtures. An acid neutralizer can raise the pH level to a safe range.

  • Bacteria and Other Contaminants: Depending on your location and well conditions, your water may contain bacteria, nitrates, arsenic, or other harmful substances. Additional filtration systems or treatments may be necessary to ensure your water is safe for consumption.

Frequently Asked Questions
  • How often should I change my iron filter media? The frequency of media replacement depends on the type of filter and the amount of iron in your water. Consult your manufacturer's recommendations for specific guidelines. Generally, Birm media may need replacement every 3-5 years, while Greensand may last 5-10 years.

  • Can I use an iron filter with city water? Iron filters are designed for well water, which typically has higher iron levels than city water. However, if your city water has a noticeable iron problem, a point-of-entry filter might be beneficial for drinking and cooking water.

  • Does an iron filter remove bacteria? No, standard iron filters are not designed to remove bacteria. If you have concerns about bacterial contamination in your well water, a UV disinfection system is often recommended.
  • How much does an iron filter cost? The price of an iron filter varies depending on the type of filter, brand, size, and features. Point-of-entry filters typically range from $100 to $500, while whole-house systems can cost anywhere from $500 to $3000 or more. Professional installation costs should also be factored in.

Choosing the right iron filter for your well water is an investment in the health and comfort of your family. By understanding the types of filters available, considering your specific water conditions, and investing in a reputable brand, you can enjoy cleaner, tastier, and safer water for years to come.

Remember, professional water testing is crucial for accurate iron level assessment and determining the most suitable filtration system for your home. With the right iron filter, you can say goodbye to rusty stains, metallic tastes, and plumbing woes, and enjoy the many benefits of clean, refreshing well water.

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Senin, 06 Mei 2024

Latin Metals Receives Positive Results from Airborne Magnetic and Radiometric Survey, Organullo Project, Argentina.

 

Latin Metals Receives Positive Results from Airborne Magnetic and Radiometric Survey, Organullo Project, Argentina.

Vancouver, B.C. Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) provides an update from its 100% owned Organullo Project (“Organullo” or the “Project”) where an existing option agreement with AngloGold Argentina Exploraciones S.A. (“AngloGold”), a wholly owned subsidiary of AngloGold Ashanti plc. (NYSE: AU, JSE: ANG) provides AngloGold with an option to earn up to an 80% interest in the Project.  The Company has received data from AngloGold’s previously completed airborne magnetic and radiometric geophysical survey, which defines a high priority structural corridor for drill testing in the priority West Graben. 

Figure 1: Map showing Total magnetic Intensity (Reduced to Pole) over the Organullo and Ana Maria properties.  Historical drilling and AngloGold’s planned drilling also shown, together with the location of the Cross Section included as Figure 2.

Figure 2: Schematic cross section through the Organullo Graben showing advanced argillic alteration being constrained within the West Graben by the Medial Fault

Prior to initiating the airborne magnetic and radiometric survey, AngloGold completed mapping and sampling at Organullo to define three drill target areas with high-temperature advanced argillic alteration extending over a strike length of more than 6km. 

The Organullo project is transected by a north-northeast-trending large-scale graben, which measures 5km across.  The graben itself is displaced by the Medial Fault which divides the graben into West Graben and East Graben (Figure 1). 

The eastern portion of the graben is where all the historical exploration has been undertaken, in close proximity to the historical Julio Verne Mine.  This side of the graben is typified by strong but peripheral phyllic alteration and underground mining at Julio Verne mine focused on high-grade veins.  Results from historical drilling around the mine highlights moderate, bulk-tonnage grade gold mineralization with occasional high-grade veins. 

The western portion of the graben has been largely ignored by at least eight previous operators who were focused on the vicinity of the Julio Verne mine.  AngloGold took a different and holistic approach to the property and, for the first time identified intense, proximal, advanced argillic alteration in volcanic rocks and breccias pipes located within the West Graben.  This geological environment is prospective for porphyry copper-gold and high-sulphidation epithermal gold deposits, and it has never been tested by drilling. 

AngloGold’s exploration thesis, if correct, could result in the discovery of a significant mineral deposit at Organullo.  The interpretation is supported by multiple data sets including geological mapping, WorldView-3 imagery, photogeological interpretation, TerraSpec data, and ASTER data, as well as geochemical analysis.  Within the newly prioritized West Graben, drill targets are further supported by higher-temperature alteration mineralogy and favourable deposit-scale structural settings. 

With drill targets already identified and a drill permit application submitted for approximately 12,000m of drilling, AngloGold took the additional step of completing an airborne geophysical survey.  The survey collected magnetic and radiometric data over the Organullo property.  The results add weight to the validity of the AngloGold drill targets with a distinct zone of magnetically complex signatures coinciding with West Graben and coincident with the already-defined drill targets.  This complex magnetic signature contrasts with the historically drilled East Graben, where the magnetic signature is flat and where drill hole results can be interpreted as peripheral to a porphyry-epithermal system. 

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.  The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration.  Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.  For more information, please get in touch with Latin Metals Investor Relations at 604-638-3456 or via email at info@latin-metals.com.

Stay up-to-date on Latin Metals developments by joining our online communities through LinkedIn, Facebook, X and Instagram.

Qualified Person

Keith J. Henderson, P.Geo., is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release.  He has approved the disclosure herein.  Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

On Behalf of the Board of Directors of
LATIN METALS INC.
Keith Henderson
President & CEO
For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.

For further information, please contact:
Keith Henderson
890-999 West Hastings Street
Vancouver, BC
Canada    V6C 2W2
Phone: 604-638-3456
E-mail: info@latin-metals.com

Neither 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements.  Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.  In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information.  Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), the fact that the Company’s anticipated interests in the Properties will only be an option and there is no guarantee that such interest, if earned, will be certain, actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward looking statements.  Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

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