Viridis Mining and Minerals Limited (ASX: VMM) has obtained high-grade gold intercepts from its maiden Esker Lake diamond drilling campaign, located within the South Kitikmeot Gold Project in Canada.
The company has now completed an initial seven-hole drill programme at the Esker Lake property in March and April 2023, with composited samples assayed by ALS laboratory in Yellowknife, North West Territories (NWT).
The results provided from the diamond drilling programme returned high-grade intervals of gold mineralization which are characteristic of previously explored areas in the Esker Lake property.
Executive Chairman. Agha Shahzad Pervez, said these results are encouraging and have provided the exploration team with a further understanding of the controls for gold mineralization at the project.
Hole EL-23-005 showed the most significant intercept of gold with two separate areas of high-grade mineralization of 9.00m @2.24g/t Au from 69m and then again at 79m for 13.02m @3.14g/t Au. Within this hole, the gold mineralization occurs within a sulphide-bearing banded amphibolite with fine-grained stringer pyrrhotite and pyrite (20-40% locally), and quartz veining.
Similarly in Hole EL-23-001, high-grade gold mineralization occurs at similar depths of 74m, hosted within heavily sulphidised garnet amphibolite with quartz veining and stringer to semi-massive pyrrhotite and pyrite (up to 40% locally).
Geologists observed precise structural control on mineralization in these holes, with the highest grades coinciding with both sulphide amphibolite and quartz veining. This drilling program has also provided further confirmation and understanding of the geology of historic intercepts drilled at Esker Lake.
“We are delighted to report high-grade gold assays from the maiden diamond drill program at the South Kitikmeot Gold Project,” Mr Shahzad Pervez said.
The South Kitikmeot Gold Project consists of seven properties (Hiqiniq, Ujaraq, Gold Bugs, Esker, Bling, Uist and Qannituq) covering 11,448 hectares within the Back River of Western Nunavut, Canada.
For further information please visit: https://viridismining.com.au/
