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Winston Gold continues to expand Block 93 and Parallel Veins; High-grade assays include 4 ft. averaging 25.85 g/t gold

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Winston Gold continues to expand Block 93 and Parallel Veins; High-grade assays include 4 ft. averaging 25.85 g/t gold

 

 

 

 

 

Winston Gold Corp. (CSE: WGC) (OTCQB: WGMCF) is pleased to announce that results from a 7-hole drill program (700 metres), have once again extended the Block 93 and Parallel veins on the Company’s wholly-owned Winston Gold Property, near Helena Montana.

 

“These drill results continue to expand the size and continuity of both the Parallel and Block 93 veins towards the Southwest,” commented Murray Nye, CEO and Director of Winston Gold Mining. “These holes have increased the length of the Parallel Vein by 125 ft (38.1 m) to a strike length of 583 ft. (178 m). The Block 93 Vein has been increased by 103 ft (31.4 m) to a strike length of 417 ft. (127 m). The vertical extent of the Block 93 vein has also been extended by 43 ft. (13 m) to 240 ft. (73 m). Both veins remain open for expansion along strike as well as to depth.”

 

 

Due to the variable nature of the vein orientations, the true width of mineralization in the following drill intercepts is not known at this time.

 

 

The recent drill program collared seven holes on the hanging wall side of both the Parallel and Block 93 veins with the goal of defining the Southwest extension of these veins. Previously reported hole, W79, (January 24th 2018 news release), intersected a barren structure where the Parallel vein was expected to be. Another 40 ft. (12.2 metres) further down-hole, the drill intersected mineralization over 6 ft. (1.83 m) averaging 0.132 ounce per ton (opt) gold (4.53 grams/tonne) including 1 ft. (0.30 m) that averaged 0.572 opt gold (19.61 g/t). This was listed as an unknown vein and is now re-interpreted to be the Block 93 vein.

 

 

Hole W89 was collared west of hole W79 and also intersected gold mineralization 40 ft. (12.2 m) further down-hole than expected. It cut 3 ft. (0.91 m) averaging 0.189 opt gold (6.48 g/t) at a down-hole depth of 291 ft. (88.7 m).

 

 

Since both intercepts intersected a mineralized vein 40 ft. (12.2 m) deeper than expected, Winston geologists assumed that a fault had offset both the Parallel and Block 93 veins. This was confirmed when hole W90 intersected both veins. Please refer to attached drill plan map.

 

 

Hole W90 intersected 3 ft. (0.91 m) averaging 0.524 opt gold (17.97 g/t) representing the Parallel vein and 1 ft. (0.30 m) averaging 0.252 opt gold (8.64 g/t), representing the Block 93 vein. Interestingly, W90 also intersected two previously unknown closely spaced veins in the hanging wall of the Parallel vein (above the Parallel vein). Including wall rock dilution these two veins averaged 0.503 opt gold (17.25 g/t) over 6 ft. (1.83 m).

 

Hole W91 intersected an unknown vein at a depth of 62 ft. (18.9 m) down-hole which averaged 0.363 opt gold (12.45 g/t) over 1 ft. (0.30 m).

 

Hole W92 intersected the Parallel vein which averaged 0.56 opt gold (19.20 g/t) over 1 ft. (0.30 m) Another unknown vein was intersected in between the Parallel and Block 93 veins that averaged 0.789 opt gold (27.05 g/t) over 1.2 ft. (0.36 m). The Block 93 vein was cut at a depth of 332.5 ft. (101.3 m) down-hole and averaged 0.227 opt gold (7.78 g/t) and 7.40 opt (253.71 g/t) silver over 1 ft. (0.30 m).

 

 

Hole W93 intersected an unknown vein in the hanging wall of the Parallel vein averaging 0.196 opt gold (6.72 g/t) over 1 ft. (0.30 m). Hole W93 also intersected both target veins. The Parallel vein averaged 0.222 opt gold (7.61 g/t) over 1 ft. (0.30 m) and the block 93 vein averaged 0.503 opt gold (17.25 g/t) over 1 ft. (0.30 m).

 

 

Hole W94 returned no significant assays and assays are still pending for hole W95.

 

 

Highlights of significant results are outlined in the table below.

 

Hole Vein UTM East (m) UTM North (m) Elevation (m) Azimuth Dip From (ft.) To (ft.) Interval**
(ft.)/(m)
Gold (opt)/(g/t)
                         
W89 Block 93 448,541 5,143,741 1,472 052 -47 291 294 3 0.91 0.189 6.48
including             291 292 1 0.30 0.019 0.65
including             292 293 1 0.30 0.52 17.83
including             293 294 1 0.30 0.027 0.93
                         
W90 Unknown 448,541 5,143,741 1,472 052 -63 88 94 6 1.83 0.503 17.25
including             90 94 4 1.22 0.754 25.85
and Parallel           297 300 3 0.91 0.524 17.97
and Block 93           331 334 1 0.30 0.252 8.64
                         
W91 Unknown 448,541 5,143,741 1,472 061 -46 61 63 3 0.91 0.121 4.15
including             62 63 1 0.30 0.363 12.45
                         
W92 Parallel 448,541 5,143,741 1,472 065 -69 300 303 3 0.91 0.198 6.79
including             300 301 1 0.30 0.560 19.20
and Unknown           324.8 328 3.2 0.97 0.296 10.15
including             324.8 326 1.2 0.36 0.789 27.05
and Block 93           331.5 334.5 3 0.91 0.076 2.61
including             332.5 333.5 1 0.30 0.227 7.78
                         
W93 Unknown 448,541 5,143,741 1,472 084 -60 159 162 3 0.91 0.079 2.71
including             161 162 1 0.30 0.196 6.72
and Parallel           231.5 234.5 3 0.91 0.105 3.60
including             232.5 233.5 1 0.30 0.222 7.61
and Block 93           250 253 3 0.91 0.168 5.76
including             251 252 1 0.30 0.503 17.25
                         
W94   448,541 5,143,741 1,472 080 -74         NSA NSA
                         
Previously Released January 24, 2018                    
                         
W79 Parallel 448,541 5,143,742 1,472 041 -59 331 337 6 1.83 0.132 4.53
including             336 337 1 0.30 0.572 19.61
                         

**Due to the variable nature of vein orientation, the true width of mineralization is not known at this time unless specifically stated.
* NSA – No Significant Assays

 

The Winston Gold Project is central to a historic precious and base metal mining district in which most of the ore was mined from tightly structurally controlled high angle fissure veins and lode/replacement zones. Reports indicate that more than 100,000 ounces of gold was recovered from these underground mines in the late 19th to early 20th century from about 150,000 tons of ore. (Earle, 1964; Schell, 1963).

 

 

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance

 

All sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the drill to the on-site sample preparation facility was continuously monitored. The samples are crushed, pulverized and the sample pulps digested and analyzed for gold in the Company’s on-site Assay Lab using fire assay fusion and a 50 gram gravimetric finish. Blank or certified reference materials are inserted randomly. Check Assays are sent to Bureau Veritas Minerals, in Reno Nevada. 

 

Qualified Person

 

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Dr. Criss Capps PhD. P.Geol., an independent consultant to Winston Gold Corp. Dr. Capps is a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.

 

 

About Winston Gold

 

Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired an under-explored and under-exploited gold/silver mining opportunity known as the Winston Gold project near Helena, Montana.

 

Posted September 27, 2018

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