The Phoenix Zone was discovered in 2011 by the Company. Preliminary metallurgical test work has shown that core samples from this area are amenable to the same gold recovery process as has been developed for the Main Zone.
For the reconnaissance program conducted during 2018, the objective was to test the potential continuity and extent of the mineralization trend between the Phoenix Zone and the additional gold-bearing area to the north acquired by the Company in 2012. Three shallow (less than 160m from surface) holes with wide spacing (up to 800m) were drilled along a 500m wide corridor. All three drill holes encountered mineralization above the cut-off grade established under the Project’s 2017 PEA indicating a northwest trend to the mineralization along a 3,500m long corridor, more than three times the strike length of the Main Zone. This broad trend of gold mineralization is not primarily associated with argillite as at the Main Zone. The trend remains open and untested to the northwest and southeast.
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