Gold79 Mines Ltd. has recently completed a trenching program along the Tyro Main vein in Ottawa, Ontario. The program involved mapping and sampling over a total of 358 meters in 15 trenches. Results from the 217 samples taken are pending, with assay results expected in the next 4 to 6 weeks.
Preliminary results from the trenching program are showing promising signs. Three trenches were cut at the intersection of the White Spar Fault and Tyro Main Zone, where previous drilling had returned significant gold grades. This new information will guide future drilling efforts to confirm and define the high-grade intercept.
Additionally, the trenching program revealed extensive banded chalcedony-adularia veins adjacent to the open pit, forming a broad envelope up to 50 meters wide. This suggests potential for further exploration and development in the area.
Derek Macpherson, President, and CEO of Gold79 Mines Ltd., expressed his optimism about the completion of the Phase 1 trenching program. The acquired geological data will be crucial in planning the upcoming drilling campaign in the fall of 2024 to capitalize on the high-grade results from the previous drilling campaign.
The Company is extending the final closing date of its non-brokered private placement financing to June 26, 2024, after raising gross proceeds of $718,250 in the first closing. Gold79 Mines Ltd. is focused on building ounces in the Southwest USA and has several gold projects in progress. For more information, interested parties can contact Derek Macpherson, President & CEO, or visit the company’s website.
