Section 6 2024 McVeigh Drilling 5 m Slice
Section 7 2024 McVeigh Drilling 5 m Slice
Section 8 2024 McVeigh Drilling 5 m Slice
Section 9 2024 McVeigh Drilling 5 m Slice
Section 10 2024 McVeigh Drilling 5 m Slice
Section 11 2024 McVeigh Drilling 5 m Slice
Section 12 2024 McVeigh Drilling 5 m Slice
Section 13 2024 McVeigh Drilling 5 m Slice
Section 14 2024 McVeigh Drilling 5 m Slice
The drill results featured in this news release are focused on the high-grade McVeigh Zone. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au.
These results follow-up on the significant intercepts previously announced on August 12, 2024 and August 27, 2024 from McVeigh - where drilling highlights included 106.99 g/t Au over 2.35 meters ("m”) and 17.77 g/t Au over 5.5 m, respectively.
The purpose of this drilling was definition within priority areas of McVeigh to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen Mine, which is expected to commence in 2025.
MCVEIGH ZONE HIGHLIGHTS:
- Hole MM24D-02-4090-010 Intersected 3.85m @ 45.70 g/t Au, from 14.00m to 17.85m, Including 0.85m @ 127.27 g/t Au, from 17.00m to 17.85m; And 1.55m @ 44.89 g/t Au, from 22.45m to 24.00m.
- Hole MM24D-02-4090-015 Intersected 3m @ 50.99 g/t Au, from 14m to 17m, Including 1m @ 141.53 g/t Au, from 15m to 16m.
- Hole MM24D-02-4090-006 Intersected 16m @ 8.75 g/t Au, from 20m to 36m, Including 1m @ 77.92 g/t Au, from 21m to 22m, Also Including 1m @ 15.63 g/t Au, from 24m to 25m, Also Including 1.5m @ 14.68 g/t Au, from 30.0m to 31.5m, Also Including 2m @ 11.16 g/t Au, from 33m to 35m.
- Hole MM24D-02-4090-004 Intersected 3m @ 33.66 g/t Au, from 18m to 21m, Including 1m @ 97.16 g/t Au, from 18m to 19m.
- Hole MM24D-02-4090-012 Intersected 3m @ 28.64 g/t Au, from 19m to 22m, Including 2m @ 40.17 g/t Au, from 20m to 22m.
- Hole MM24D-02-4090-053 Intersected 8m @ 7.67 g/t Au, from 58.85m to 66.85m, Including 0.5m @ 24.83 g/t Au, from 59.35m to 59.85m, Also Including 0.5m @ 46.99 g/t Au, from 65.85m to 66.35m.
- Hole MM24D-02-4090-020 Intersected 4m @ 13.22 g/t Au, from 15m to 19m, Including 1m @ 23.68 g/t Au, from 16m to 17m, Also Including 1m @ 22.78 g/t Au, from 18m to 19m. This interval was complimented by eight (8) specks of visible gold.
- Hole MM24D-02-4090-024 Intersected 4m @ 11.47 g/t Au, from 17m to 21m, Including 1m @ 33.64 g/t Au, from 19m to 20m.
- Hole MM24D-02-4090-016 Intersected 7m @ 6.50 g/t Au, from 37m to 44m, Including 1m @ 31.57 g/t Au, from 39m to 40m.
Plan maps and section for the Austin and McVeigh drilling outlined in this release are provided in Figures 1 through 16.
TABLE 1. Significant intercepts (>3 g/t Au) from drilling at McVeigh Zone.
| Hole ID | Target | From (m) | To (m) | Length (m)* | Au (g/t) |
| MM24D-02-4090-001 | McVeigh | No Assays > 3 g/t Au | |||
| MM24D-02-4090-002 | McVeigh | 21.00 | 24.00 | 3.00 | 4.91 |
| MM24D-02-4090-003 | McVeigh | 18.00 | 21.00 | 3.00 | 4.72 |
| AND | McVeigh | 24.81 | 25.50 | 0.69 | 3.70 |
| AND | McVeigh | 26.00 | 27.00 | 1.00 | 3.61 |
| MM24D-02-4090-004 | McVeigh | 18.00 | 21.00 | 3.00 | 33.66 |
| Incl. | 18.00 | 19.00 | 1.00 | 97.16 | |
| MM24D-02-4090-005 | McVeigh | 18.00 | 19.00 | 1.00 | 8.35 |
| MM24D-02-4090-006 | McVeigh | 20.00 | 36.00 | 16.00 | 8.75 |
| Incl. | 21.00 | 22.00 | 1.00 | 77.92 | |
| Also Incl. | 24.00 | 25.00 | 1.00 | 15.63 | |
| Also Incl. | 30.00 | 31.50 | 1.50 | 14.68 | |
| Also Incl. | 33.00 | 35.00 | 2.00 | 11.16 | |
| MM24D-02-4090-007 | McVeigh | 18.00 | 20.00 | 2.00 | 7.20 |
| AND | McVeigh | 24.00 | 28.00 | 4.00 | 3.08 |
| MM24D-02-4090-008 | McVeigh | 23.00 | 24.00 | 1.00 | 3.79 |
| MM24D-02-4090-009 | McVeigh | 4.93 | 5.64 | 0.71 | 7.43 |
| AND | McVeigh | 15.00 | 19.00 | 4.00 | 5.10 |
| AND | McVeigh | 22.44 | 23.00 | 0.56 | 4.34 |
| AND | McVeigh | 25.00 | 26.00 | 1.00 | 3.85 |
| MM24D-02-4090-010 | McVeigh | 14.00 | 17.85 | 3.85 | 45.70 |
| Incl. | 17.00 | 17.85 | 0.85 | 127.27 | |
| AND | McVeigh | 22.45 | 24.00 | 1.55 | 44.89 |
| MM24D-02-4090-011 | McVeigh | 23.00 | 27.00 | 4.00 | 7.56 |
| Incl. | 23.00 | 24.00 | 1.00 | 19.77 | |
| AND | McVeigh | 28.62 | 29.50 | 0.88 | 4.14 |
| MM24D-02-4090-012 | McVeigh | 7.00 | 7.97 | 0.97 | 7.91 |
| AND | McVeigh | 19.00 | 22.00 | 3.00 | 28.64 |
| Incl. | 20.00 | 22.00 | 2.00 | 40.17 | |
| MM24D-02-4090-013 | McVeigh | 18.00 | 19.00 | 1.00 | 12.75 |
| AND | McVeigh | 25.60 | 27.10 | 1.50 | 4.55 |
| MM24D-02-4090-014 | McVeigh | 15.00 | 18.00 | 3.00 | 14.83 |
| Incl. | 15.00 | 17.00 | 2.00 | 21.98 | |
| AND | McVeigh | 25.03 | 26.03 | 1.00 | 3.77 |
| MM24D-02-4090-015 | McVeigh | 14.00 | 17.00 | 3.00 | 50.99 |
| Incl. | 15.00 | 16.00 | 1.00 | 141.53 | |
| MM24D-02-4090-016 | McVeigh | 25.00 | 27.00 | 2.00 | 13.31 |
| Incl. | 25.00 | 26.00 | 1.00 | 20.68 | |
| AND | McVeigh | 31.00 | 34.00 | 3.00 | 10.15 |
| Incl. | 33.00 | 34.00 | 1.00 | 26.21 | |
| AND | McVeigh | 37.00 | 44.00 | 7.00 | 6.50 |
| Incl. | 39.00 | 40.00 | 1.00 | 31.57 | |
| MM24D-02-4090-017 | McVeigh | 22.00 | 23.00 | 1.00 | 33.67 |
| AND | McVeigh | 28.68 | 29.50 | 0.82 | 3.27 |
| AND | McVeigh | 30.00 | 31.00 | 1.00 | 3.36 |
| MM24D-02-4090-018 | McVeigh | 4.86 | 5.86 | 1.00 | 4.84 |
| AND | McVeigh | 19.00 | 21.00 | 2.00 | 5.40 |
| Incl. | 19.00 | 20.00 | 1.00 | 10.39 | |
| MM24D-02-4090-019 | McVeigh | 5.31 | 6.00 | 0.69 | 3.77 |
| AND | McVeigh | 17.00 | 19.00 | 2.00 | 10.11 |
| AND | McVeigh | 25.00 | 26.00 | 1.00 | 3.82 |
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