| Announcement Date: | 2022-08-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Magnum Goldcorp Inc. |
| Project name: | LH |
| Location: | Canada |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 3.47m @ 13.9g/t Au, 1.53g/t Ag from 11.28m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | West Vancouver, British Columbia – August 16, 2022 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) is pleased to announce encouraging analytical results from the Company’s recently completed helicopter-supported drill program on its gold exploration property (the “LH Property”), located near Silverton, British Columbia. The LH Property consists of 19 contiguous crown granted claims, seven mineral claims and a mineral lease located approximately 6 km south of Silverton, east of Slocan Lake. “The Company considers the results of the 2022 program to be very significant. The holes completed continue to document multiple mineralized, variable gold-bearing intervals, including high-grade gold-bearing intervals defined as those above 10 g/t Au, consistent with previous programs. We are extremely encouraged by these results from the LH Property and the potential to identify an initial NI 43-101 compliant resource in the near future. We are actively working to continue our drill program on the property to realize that goal”, said Douglas Mason, President & CEO of Magnum Goldcorp Inc. The Company completed the drill program to continue evaluation of multiple high-grade, goldbearing, pyrrhotite mineralized zones spatially associated with the LH underground workings (see News Releases dated May 30 |
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