Announcement Date: 2022-03-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Edgemont Gold Corp.
Project name: Dungate
Location: Canada
Commodities: Gold,Copper
Highlight: Drilling results incl. 27m @ 0.44g/t Au, 0.05% Cu from 153m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: March 28, 2022 – Vancouver, B.C. – Edgemont Gold Corp. (CSE: EDGM, FRA: EG8) (“Edgemont”) is pleased to announce the assay results from its recent Phase 1 drill program at the Dungate copper-gold porphyry project, located 6 km southeast of the town of Houston in the Omineca Mining Division of B.C A total of seven holes, totaling 3,427m, were drilled at Dungate in the fall of 2021. The target for this program was a coincident magnetic and IP anomaly of 1.2 kilometers diameter that was interpreted to be a quartz feldspar porphyry (“QFP”) intrusion. QFP was intersected in six of the seven holes. Drilling has confirmed that anomalous gold is widespread in a halo forming a shell along the edges of the QFP and into the contact host rocks. The western, northern, and eastern lobes of the Induced Polarization (“IP”) anomalies appear to correlate with gold mineralization forming the shell approximately 2500m x 300m on the curvilinear edge of the intrusion. See Figure 1 below for a map showing the drill holes completed at Dungate. As indicated on the map, the southern and northeastern lobes of the IP anomaly remain untested and will be tested in the upcoming Phase II drill program.
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