| Announcement Date: | 2022-07-20 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Lithoquest Resources Inc. |
| Project name: | Miminiska |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 0.59m @ 27.6g/t Au from 114.28m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C., July 20, 2022 – Lithoquest Resources Inc. (TSX-V: LDI) (“Lithoquest” or the “Company”) today announced assay results from the 2022 spring drill program on its Miminiska Property located in northwestern Ontario, Canada. Three zones with significant gold mineralization were encountered, including 27.6 g/t Au over 0.59m starting from 115m. 659m of drill core was recovered from two holes drilled at the Miminiska Prospect in March 2022: DDH 22-01 and DDH 22-02 (see Figure 1). Approximately 800 core samples were collected and submitted for assay. Assays above 0.5 g/t Au are presented in Table 1. DDH 22-01 was inclined at -55⁰ and drilled at an azimuth of 178 degrees obliquely across the southern limb of the folded iron formation. The drill hole intersected altered iron formation and clastic sediments. DDH 22-01 returned four assays > 1 g/t Au including 2.40 g/t Au over 1.0 meter and 2.39 g/t Au over 0.44 meters. DDH 22-02 was inclined at -60⁰ and drilled due north to test a coincident structural and conductivity target located on the west side of the central limb. Significant sulphide mineralization, including pyrite, pyrrhotite and arsenopyrite as well as quartz |
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