Winston Gold Intersects 78.65 g/t Gold in Block 93 Vein
Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) reported positive drilling results at its Winston Gold Property near Helena, Montana. Highlights include a 2.5-foot drill interval averaging 2.294 ounces per ton gold (78.65 g/t) within the Block 93 vein. The wider interval averaged 1.149 opt gold (39.39 g/t). Ongoing drilling aims to define the Block 93 vein system. Additionally, test mining has produced about 1,200 tons of lower-grade material to optimize recovery at the Paradine mill.
- High-grade gold intercepted: 2.5 ft averaging 2.294 opt gold (78.65 g/t).
- Wider interval of 7 ft averaging 1.149 opt gold (39.39 g/t).
- Continued definition drilling indicates continuity of gold grades.
- Test mining produced approximately 1,200 tons of lower-grade material for mill optimization.
- None.
WINNIPEG, MANITOBA / ACCESSWIRE / September 9, 2020 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC) (OTCQB:WGMCF) is delighted to report that it hit a 2.5 foot (0.76 metre) drill interval that averaged 2.294 ounces per ton gold (78.65 g/t gold) within the Block 93 vein at its Winston Gold Property near Helena, Montana. This high-grade interval was hosted within a wider, 7 foot (2.13 metre), interval averaging 1.149 opt gold (39.39 g/t).
"This is an exciting time for Winston as we move forward with underground drilling on the Block 93 Vein and bulk test mining on the Parallel vein," commented Murray Nye, CEO and Director of Winston Gold Mines. "Our on-going underground drill program is designed to better define the high-grade Block 93 vein system for future mining operations. The Bulk sample that is now being taken on the Parallel vein will be used as test feed for the Paradine mill."
Block 93 drilling
Definition drilling has been underway on the Block 93 structure in the vicinity of the current test mining operations. Results to date indicate that there is continuity of gold grades along strike. Three drill holes returned some impressive grades:
- Hole 114 intersected 8 ft (2.44 metres) averaging 0.269 opt gold (9.22 g/t gold). This included a 2 ft interval averaging 0.908 opt gold (31.13 g/t gold).
- Hole 115 hit two intervals of vein mineralization. The first cut 2 ft (0.60 metre) averaging 0.298 opt gold (10.22 g/t gold) at a down-hole depth of 317 ft. The second interval cut 7 ft (2.13 metres) averaging 1.149 opt gold (39.39 g/t gold) at a down hole depth of 336 ft. This second interval contained a 2.5 ft (0.76 metre) section averaging 2.294 opt gold (78.65 g/t gold).
- Hole 116 intersected a 3 ft (0.91 metre) interval averaging 0.087 opt gold (2.98 g/t gold), including a 1 ft (0.30 metre) interval averaging 0.249 opt gold (8.54 g/t gold).
Parallel Vein Development
Test mining on the Parallel Vein has advanced to the west by 75 feet (22.8 metres). This development has produced approximately 1,200 tons of lower grade material that has been stockpiled to "Bed the Mill." This material will be used to optimize recovery procedures at the Company's Paradine mill facility located in Radersburg Montana, is just 35 miles by paved road from the project.
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 using fire assay fusion and a 50 gram gravimetric finish. Any assay averaging more than 0.1 opt gold is sent to Bureau Veritas Minerals in Reno Nevada for checks. Blank or certified reference materials are inserted randomly.
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 the under-explored and under-exploited Winston Gold project near Helena, Montana.
The CSE has neither approved nor disapproved the information contained herein. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Winston Gold Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
For more information, please visit www.winstongoldmining.com; or contact:
Murray Nye,
Chief Executive Officer and a Director of Winston Gold
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8
Telephone: (204) 989-2434
E-mail: murray@winstongold.com
Eric Mortensen
Corporate Secretary
Telephone: (204) 989-2434
E-mail: eric@winstongold.com
SOURCE: Winston Gold Corp.
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