| Announcement Date: | 2022-07-25 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Gold Line Resources Ltd. |
| Project name: | Oijarvi |
| Location: | Finland |
| Commodities: | Gold,Silver |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, BC, June 13, 2022 /CNW/ – Gold Line Resources Ltd. (TSXV: GLDL) (OTCQB: TLLZF) (“Gold Line” or the “Company”) is pleased to announce its maiden Mineral Resource Estimate (“MRE”) for its Kylmäkangas gold deposit, located within the Oijärvi Greenstone Belt, Northern Finland. The MRE was independently prepared by AFRY Finland Oy in accordance with the National Instrument 43-101 (“NI 43-101”) with an effective date of 10 June 2022 and using a database current as of 13 May 2022. Importantly, the newly defined Indicated and Inferred Resources remain open in several directions at depth, along strike, and down plunge. The MRE for Kylmäkangas is based on 67 historic drill holes totaling 17,678 m, variably spaced from 35 m to 75 m in along an approximately 1.5 km strike. For the deposit, litho-structural, alteration, and 3D modelling of the mineralized zones were prepared using Leapfrog Geo. Seven (7) separate mineralized lenses were modelled using the alteration zones and a calculated gold equivalent (AuEq) value of 1 g/t. |
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