U.S. GoldMining Intersects 120 meters at 1.00 g/t Gold Equivalent - Confirms Western High-Grade Zone Within Whistler Gold-Copper Deposit, Alaska
U.S. GoldMining (NASDAQ: USGO) announced new assay results from their 2024 confirmatory diamond core drilling program at the Whistler Gold-Copper Project in Alaska. The highlight is drill hole WH24-02, which intersected 120 meters at 1.00 g/t gold equivalent, including high-grade intercepts of 40m at 1.28 g/t AuEq and 20m at 1.26 g/t AuEq. The total mineralized envelope comprises 274m at 0.71 g/t AuEq. The company completed over 4,000 meters of drilling in 2024, with assays pending for three additional drill holes. The results confirm a western high-grade zone within the Whistler Deposit, supporting the company's thesis on gold grade zonation.
U.S. GoldMining (NASDAQ: USGO) ha annunciato nuovi risultati di analisi del loro programma di perforazione diamantina di conferma per il 2024 presso il Whistler Gold-Copper Project in Alaska. Il punto saliente è il foro di perforazione WH24-02, che ha intercettato 120 metri a 1,00 g/t equivalente oro, inclusi campioni di alta qualità di 40m a 1,28 g/t AuEq e 20m a 1,26 g/t AuEq. L'involucro mineralizzato totale comprende 274m a 0,71 g/t AuEq. L'azienda ha completato oltre 4.000 metri di perforazione nel 2024, con le analisi in attesa per altri tre fori di perforazione. I risultati confermano una zona di alta qualità a ovest all'interno del Giacimento Whistler, supportando la tesi dell'azienda sulla zonazione del grado d'oro.
U.S. GoldMining (NASDAQ: USGO) anunció nuevos resultados de análisis de su programa de perforación de núcleo de diamante de confirmación para 2024 en el Whistler Gold-Copper Project en Alaska. El resultado más destacado es el agujero de perforación WH24-02, que intersectó 120 metros a 1.00 g/t de oro equivalente, incluyendo intercepciones de alta ley de 40m a 1.28 g/t AuEq y 20m a 1.26 g/t AuEq. El total del sobreenvoltura mineralizada comprende 274m a 0.71 g/t AuEq. La compañía completó más de 4,000 metros de perforación en 2024, con resultados pendientes para tres agujeros de perforación adicionales. Los resultados confirman una zona de alta ley al oeste dentro del Depósito Whistler, apoyando la tesis de la compañía sobre la zonación del grado de oro.
U.S. GoldMining (NASDAQ: USGO)가 알래스카에 있는 Whistler Gold-Copper Project의 2024년 확인 다이아몬드 코어 시추 프로그램에 대한 새로운 측정 결과를 발표했습니다. 특히 강조할 점은 120미터에서 1.00 g/t 금 등가를 교차한 시추구 WH24-02로, 40m에서 1.28 g/t AuEq 및 20m에서 1.26 g/t AuEq라는 고품질 구간이 포함되어 있습니다. 전체 광물화된 외피는 0.71 g/t AuEq에서 274m을 포함합니다. 회사는 2024년 동안 4,000미터 이상의 시추를 완료했으며, 세 개의 추가 시추 구멍에 대한 분석 결과는 대기 중입니다. 이 결과는 Whistler 매장지 내 서쪽 고품질 구역을 확인하여 금 등급 구분에 대한 회사의 주장을 지지합니다.
U.S. GoldMining (NASDAQ: USGO) a annoncé de nouveaux résultats d'analyse de son programme de forage confirmatif à carottes de diamants pour 2024 au Whistler Gold-Copper Project en Alaska. Le point fort est le forage WH24-02, qui a intersecté 120 mètres à 1,00 g/t d'équivalent or, incluant des interceptions de haute qualité de 40m à 1,28 g/t AuEq et 20m à 1,26 g/t AuEq. L'enveloppe minéralisée totale comprend 274m à 0,71 g/t AuEq. L'entreprise a complété plus de 4 000 mètres de forage en 2024, avec des analyses en attente pour trois autres forages. Les résultats confirment une zone à haute teneur à l'ouest au sein du dépôt de Whistler, soutenant la thèse de la société sur la zonation de la teneur en or.
U.S. GoldMining (NASDAQ: USGO) gab neue Analyseergebnisse aus ihrem Bestätigungsbohrprogramm mit Diamantkern für 2024 im Whistler Gold-Copper Project in Alaska bekannt. Das Highlight ist das Bohrloch WH24-02, das 120 Meter mit 1,00 g/t Goldäquivalent durchschnitten hat, darunter hochgradige Interzeptoren von 40m mit 1,28 g/t AuEq und 20m mit 1,26 g/t AuEq. Der gesamte mineralisierte Umriss besteht aus 274m mit 0,71 g/t AuEq. Das Unternehmen hat 2024 über 4.000 Meter gebohrt, wobei Ergebnisse für drei weitere Bohrlöcher ausstehen. Die Ergebnisse bestätigen eine westliche Hochgradzone innerhalb des Whistler-Lagers und unterstützen die These des Unternehmens zur Goldgrad-Zonierung.
- Successful intersection of high-grade mineralization: 120m at 1.00 g/t gold equivalent
- Total mineralized envelope of 274m at 0.71 g/t AuEq discovered
- Recent upgrade of Whistler mineral resource to 6.5 Moz AuEq in indicated category plus 4.2 Moz AuEq in inferred category
- Drilling program exceeded 4,000 meters for the season
- None.
Insights
The latest drilling results from U.S. GoldMining's Whistler Project reveal significant high-grade mineralization, with drill hole WH24-02 intercepting 120 meters at 1.00 g/t gold equivalent. The results confirm a western high-grade zone within the deposit, including notable intervals of 40 meters at 1.28 g/t AuEq and 20 meters at 1.26 g/t AuEq.
These findings are particularly important as they validate the company's geological model and targeting strategy. The gold grades in WH24-02 are 2-3 times higher than previous drilling in the area, supporting their thesis about gold grade zonation. This success in predicting and locating higher-grade mineralization suggests potential for further resource optimization.
The results build upon the recently upgraded mineral resource estimate of 6.5 Moz AuEq in the indicated category plus 4.2 Moz AuEq in the inferred category, demonstrating the project's growing scale and potential for expansion.
Selected Highlights:
- WH24-02 intersected high-grade mineralization within the western portion of the Whistler Deposit:
- Main Zone intercept of 120 meters (m) at 0.72 grams per tonne (g/t) gold (Au), 0.16 percent (%) copper (Cu) and 0.83 g/t silver (Ag), or 1.00 g/t gold equivalent (AuEq)*, from 291 m to 411 m down hole;
- Including higher-grade intercepts:
- 40 m at 1.28 g/t AuEq from 297 m downhole; and
- 20 m at 1.26 g/t AuEq from 357 m downhole.
- Total mineralized envelope comprises 274 m at 0.71 g/t AuEq (0.48 g/t Au,
0.12% Cu and 0.86 g/t Ag) from 227 m to 501 m below surface.
- Assays remain pending for an additional three drill holes from the Company's recently completed 2024 drilling program which exceeded 4,000 meters for the season.
* AuEq is calculated consistent with the methodology outlined in Whistler Project technical report "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, |
Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "Based on our evolving geological understanding originating from the successful 2023 drilling program, our technical team continues to identify opportunities to test under-drilled portions of the Whistler Deposit for zones of higher-grade mineralization. A component of the 2024 drill program subsequently focused on confirmatory drilling within the western portion of the Deposit, where as a result of the Company's relogging program and geochemical zonation modeling, WH24-02 targeted a zone of postulated high-grade mineralization, yielding 120 m at 1.00 g/t AuEq. We hope to build upon this program with the goal of further upgrading the existing mineral resource profile of the Project.
I want to again acknowledge our professional and hard-working technical team that have consistently advanced and unlocked value for the Whistler Gold-Copper Project, including their work in relation to the recent upgrade of the Whistler mineral resource estimate to 6.5 Moz AuEq in the indicated category plus an additional 4.2 Moz AuEq in the inferred category (see news release October 7, 2024)."
2024 Drilling Program
As reported on September 30, 2024, the Company drilled six diamond core holes for 4,006 meters during the 2024 field season at the Project. Drilling at the Whistler Deposit (see Figure 1) was aimed at further delineating and extending areas of high-grade mineralization within deeper portions of the Deposit, building upon the success of the 2023 drilling program which included a standout drill intercept of 652.5 m at 1.00 g/t AuEq, comprised of 0.73 g/t Au,
Drilling Results Discussion
Whistler Deposit
The Whistler Deposit is hosted within the Whistler Intrusive Suite (Figure 2), a composite of diorite stocks and dykes that divide the suite broadly into an early Main Stage Porphyry ("MSP"), a later Intermineral Porphyry Suite ("IMP") and a late intrusive phase referred to as the Late Stage Porphyry ("LSP"). Gold and copper mineralization is characterized by abundant disseminated sulphide and quartz + sulphide vein stockworks (including classic porphyry diagnostic 'A', 'B', 'D', and 'M' type veins), and potassic alteration which is variably overprinted by later phyllic alteration. The early-stage MSP suite is the most strongly altered, veined and mineralized, with the IMP being less intensely altered and veined but remaining consistently mineralized. Conversely, the late or post-mineralization LSP generally contains below cut-off grade material or is unmineralized. In addition, the Company's technical team has identified the presence of a robust core of higher-grade mineralization within the Deposit that correlates with intense alteration and B-veining within MSP in the eastern part of the intrusive suite.
In 2023, WH23-02 was drilled in the southwestern portion of the Whistler Deposit (Figure 2) in an area of untested IMP. The mineralized intercept, which comprised 142.3 m at 0.17 g/t Au,
Within an overall envelope of 274 m at 0.71 g/t AuEq, WH24-02 transitioned with depth into higher Au:Cu ratio mineralization, intersecting higher grade mineralization as predicted immediately above the zone of 'deep early quartz veins':
- Main Zone intercept of 120 m at 0.72 g/t Au, 0.16 % Cu and 0.83 g/t Ag, or 1.00 g/t AuEq, from 293 m to 500.1 m down hole;
- Including the following high grade intercepts:
- 40 m at 1.28 g/t AuEq (0.82 g/t Au,
0.25% Cu, 1.13g/t Ag) from 297 m downhole; and - 20 m at 1.26 g/t AuEq (0.96 g/t Au,
0.16% Cu, 0.93 g/t Ag) from 357 m downhole.
- 40 m at 1.28 g/t AuEq (0.82 g/t Au,
The standalone gold grade in the mineralized intercept within WH24-02 is 2-3 times higher than that intersected in WH23-02 and the surrounding historic drill holes, thus supporting the Company's thesis related to gold grade zonation above the 'deep early quartz veins' and providing confidence in our predictive targeting capability and ability to vector towards potential higher-grade mineralization in other parts of the Deposit.
Table 1 – Whistler Project drill assay intercepts from the 2024 drilling program, received as of November 18, 2024. Bold intervals correspond with those reported in the 'highlights' section above.
Hole Number | Interval | Interval | Core | Gold | Copper | Silver | AuEq | Lead | Zinc |
WH23-03-EXT | 0.41 | 717.00 | 716.59 | 0.68 | 0.15 | 1.40 | 0.93 | - | - |
Including | 7.00 | 659.46 | 652.46 | 0.73 | 0.16 | 1.50 | 1.00 | - | - |
Including | 131.00 | 307.00 | 176.00 | 1.24 | 0.19 | 1.66 | 1.55 | - | - |
And | 373.50 | 423.00 | 49.50 | 0.92 | 0.10 | 1.82 | 1.10 | - | - |
And | 441.00 | 457.00 | 16.00 | 1.03 | 0.20 | 1.64 | 1.36 | - | - |
And | 480.00 | 501.00 | 21.00 | 0.80 | 0.35 | 2.11 | 1.37 | - | - |
And | 523.00 | 539.00 | 16.00 | 0.83 | 0.30 | 1.14 | 1.31 | - | - |
And | 575.00 | 632.00 | 57.00 | 1.07 | 0.17 | 1.18 | 1.36 | - | - |
WH23-03-EXT | 698.03 | 717.00 | 18.97 | 0.52 | 0.11 | 1.02 | 0.70 | ||
WH24-01 | 107.00 | 109.00 | 2.00 | 0.45 | - | 8.60 | 0.58 | 0.61 | 3.07 |
WH24-01 | 147.00 | 151.00 | 4.00 | 0.28 | - | 7.10 | 0.42 | 0.44 | 1.20 |
WH24-01 | 159.00 | 161.00 | 2.00 | 0.64 | - | 4.50 | 0.72 | 0.29 | 1.59 |
WH24-01 | 249.00 | 266.00 | 17.00 | 0.33 | 0.07 | 41.97 | 0.45 | 0.33 | 0.75 |
Including | 249.00 | 253.00 | 4.00 | 0.78 | 0.22 | 171.55 | 1.12 | 1.19 | 2.53 |
WH24-01 | 280.60 | 300.00 | 19.40 | 0.31 | - | 1.81 | 0.38 | 0.12 | 0.40 |
Including | 284.00 | 286.00 | 2.00 | 1.23 | - | 4.70 | 1.32 | 0.37 | 1.27 |
WH24-01 | 311.00 | 372.38 | 61.38 | 0.36 | 0.09 | 4.43 | 0.53 | 0.14 | 0.39 |
Including | 321.00 | 362.00 | 41.00 | 0.41 | 0.11 | 5.43 | 0.61 | 0.15 | 0.49 |
WH24-02 | 227.00 | 500.96 | 273.96 | 0.48 | 0.12 | 0.86 | 0.71 | - | - |
Including | 291.00 | 444.00 | 153.00 | 0.65 | 0.14 | 0.74 | 0.90 | - | - |
Including | 291.00 | 411.00 | 120.00 | 0.72 | 0.16 | 0.83 | 1.00 | - | - |
Including | 297.00 | 337.00 | 40.00 | 0.82 | 0.25 | 1.13 | 1.28 | - | - |
And | 357.00 | 377.00 | 20.00 | 0.96 | 0.16 | 0.93 | 1.26 | - | - |
Note: WH23-03-EXT drilled down-dip to test the deeper extents of mineralization within the Whistler deposit high-grade core, therefore the mineralized intervals reported are not representative of true width. The mineralized intercepts within WH24-01 are estimated to be approximately two-thirds of true width. WH24-02 drilled oblique to dip and strike to test the vertical profile of mineralization, therefore the mineralized intervals reported are not representative of true width. |
*AuEq is calculated consistent with the methodology outlined in Whistler Project technical reports "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, |
Table 2 – Whistler Project 2023 & 2024 drill hole collar location coordinates.
Hole Number | Easting Meters | Northing | Elevation | Depth | Azimuth (Degrees) | Dip | Status |
WH23-01 | 518,782 | 6,871,260 | 886.0 | 467.87 | 140.80 | - 49.0 | All assays received |
WH23-02 | 518,779 | 6,871,253 | 886.0 | 605.64 | 229.20 | - 60.1 | All assays received |
WH23-03-EXT | 518,776 | 6,871,253 | 886.0 | 874.50 | 189.20 | - 82.9 | All assays received |
WH23-04 | 520,193 | 6,869,142 | 352.0 | 560.83 | 134.80 | - 78.0 | All assays received |
WH24-01 | 520,494 | 6,871,260 | 497.0 | 445.77 | 14.63 | - 46.9 | All assays received |
WH24-02 | 518,452 | 6,871,362 | 849.0 | 716.30 | 135.43 | - 75.2 | All assays received |
WH24-03 | 518,746 | 6,871,335 | 859.0 | 961.9 | 309.69 | - 80.1 | Assays Pending |
WH24-04 | 518,680 | 6,871,248 | 876.0 | 832.20 | 185.85 | - 78.0 | Assays Pending |
WH24-05 | 520,495 | 6,871,258 | 497.0 | 777.85 | 184.37 | - 55.3 | Assays Pending |
Technical Information
Tim Smith, P.Geo., Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
For details of the Whistler Gold-Copper Project mineral resource estimate see technical report "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project,
Data Verification
For the Whistler Project drill core sampling program, samples were taken from NQ/HQ diameter core by sawing the drill core in half, with one-half sent to Bureau Veritas Commodities Canada Ltd. ("BV") in
BV is a certified commercial laboratory and is independent of U.S. GoldMining. The Company has implemented a quality assurance and quality control program for the sampling and analysis of drill core samples, including duplicates, mineralized standards and blank samples for each batch of core samples. The gold analyses were completed by lead collection fire assay fusion with AAS finish (FA430 method) on 30 grams test weight. Copper, silver and other base metals assays (total suite of 45 elements) were assayed by 4-acid digestion and ICP-MS analysis (MA200 method) on 0.25 grams test weight.
About U.S. GoldMining Inc.
U.S. GoldMining Inc. is an exploration and development company focused on advancing the
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Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of
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SOURCE U.S. GoldMining Inc.
FAQ
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