Highlights embrace the intersection of 4.66 g/t gold over 12.24 metres true width (TW) within the Jubilee Shear Zone, together with 24.1 g/t gold over 0.68 metres (TW) and 14.68 g/t gold over 1.94 metres (TW), 440 metres down plunge of the boundary of the Surluga useful resource, and the invention of high-grade gold mineralization within the newly recognized Sadowski gold zone with the intersection of 13.95 g/t gold over 4.48 metres core size (CL) together with 29.29 g/t gold over 2.02 metres.
“The affirmation of gold mineralization within the Jubilee Shear Zone, indicated throughout two drill holes positioned 400 meters down plunge of the present Surluga useful resource, additional validates the corporate’s perception that the Jubilee Shear Zone extends to depth and hosts high-grade gold mineralization,” Crimson Pine CEO Quentin Yarie stated in a media assertion.
“The invention of a beforehand unknown community of quartz veins intersected provides credibility that the property continues to profit from greenfield exploration,” Yarie stated.
Two drill rigs are energetic on website, concurrently drilling beneath the Surluga deposit to the north and south, and the corporate plans to check the property’s greenfield targets.
Crimson Pine inventory surged as a lot as 10% on the information, and by noon shares had been traded over 240,000 instances on the TSX, greater than double the typical each day quantity. The corporate has a C$45.2 million market capitalization.