Announcement Date: 2022-04-25
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Steppe Gold Ltd.
Project name: Altan Tsagaan Ovoo
Location: Mongolia
Commodities: Lead,Zinc
Highlight: Drilling results incl. 20.95m @ 10.56% Zn, 3.13% Pb from 347.65m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Ulaanbaatar, Mongolia–(Newsfile Corp. – April 25, 2022) – Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is extremely pleased to announce the following exploration drilling update at its 100%-owned Altan TsagaanOvoo (“ATO”) project. While we continue to ramp up production of gold and silver from the oxide ores at ATO, the Company maintained exploration activity in late 2021, focused on extensional and step-out targets. Results are now available, and this underscores the long held view that the ATO project has strong long term potential and remains open to support further drilling targets. Recent drilling completed at the ATO Gold Deposits has continued to target depth extensions of the existing ATO deposits. This has resulted in an exciting new discovery of multiple high grade zinc sulphide intercepts beneath the existing ATO Gold Deposits. The drilling results are extremely encouraging, and the Company intends to follow this up with an extensive drilling program in the coming months. President and CEO of Steppe Gold, Bataa Tumur-Ochir commented, “We are very pleased to announce these exciting drill results with high grade intercepts of zinc and lead supporting our view that the Phase 2 Expansion at ATO has much further to go.
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