gold exchange red bluff

Goldplay Completes Initial Sampling at Big Frank and Goldstorm South Projects and Confirms District Scale Potential Resulting in New Discoveries

TSXV:AUC)(OTCQB:AUCCF)(FRA:9FY), (the "Company" or "Goldplay"), is pleased to announce that it has completed an initial field program on its two properties (together, the "Properties") known as "Big Frank" and "Goldstorm South" (formerly referred to as Niut Mountain"). The properties are located in the western Chilcotin District of southwestern British Columbia (see Figure 1) and have district scale potential for both high-grade epithermal and orogenic gold and copper-gold porphyry deposits (see previous News Release dated August 31, 2021). The Big Frank Project lies 30 km north of the head of Knight Inlet with logging road access to the Hoodoo South showing in the western Project area and is 70 km southwest of a year-round helicopter base at Bluff Lake (Figure 1). The Goldstorm South Project is situated within 4 km from road access and 20 km southeast of the helicopter base

The combined 6-day field program consisted of the collection of 442 rock and soil samples by 4 geologists across the 20 km long Big Frank and 8 km long Goldstorm South Projects. Sample locations are shown on Figures 2 and 3, respectively. Results are pending, but will be released when received.

Catalin Kilofliski, Goldplay Mining President & CEO stated : "We quickly and effectively moved from signing a deal on these district scale properties on August 30, 2021, to a one-week due diligence, exploration and sampling program between September 1 and 7th. This work included the collection of 442 samples and the confirmation of district scale potential with large alteration systems. We have posted several short videos on our website taken during the property exams which help to demonstrate this potential. We eagerly await the assay results, are continuing the compilation of the districts and are preparing for next year's field programs."

At the Big Frank Property (9,470.8 hectares) , which covers a 15 kilometre long favourable geological trend , a total of 165 soil samples and 114 rock samples were taken over a 4 day period (Figure 2). Field crews completed initial investigations over the Hoodoo North, Confederation Glacier (Southeast Lancers Mountain area) and Hannah/Big Frank mineral occurrences. Sampling programs not only focussed on the confirmation of historical results, such as historical channel samples averaging 85 g/t gold, 51 g/t Ag and >1% copper over 2.0 metres at Hannah, talus fine samples with 1,550 ppb gold at Confederation and a combined approximate 1 km 2 open ended soil anomaly (incorporates >100 ppb Au, >500 ppm Cu, >4 ppm Ag and >25 ppm Mo) at Hoodoo North, but also around the margins of the occurrences (in areas exposed by recent glacial retreat) to potentially expand the target areas.

At the Goldstorm South Property (2,379 hectares) , which covers an 8 kilometre long alteration trend , a total of 100 soil samples and 63 rock samples were taken over a 2 day period with field crews conducting initial investigations over the Niut Mountain, Fly and Harvey Gold occurrences (Figure 3). Similar to the work at Big Frank, sampling was conducted to not only confirm previous historical showing areas but also to potentially expand them. Copper occurrences were visually confirmed in the Fly Showing area over a 200 metre area and quartz vein float and subcrop up to 2 metres in size were newly located (Travler zone) as much as 1.5 kilometers northwest along trend of the Harvey Gold area (Photo 1). The new quartz vein showings have not been documented previously in the public records and reports and attest to the underexplored nature of the project, especially for orogenic gold associated with large scale regional faults. The gold zones (Harvey Gold, Fly Creek and the newly discovered Travler, appear to be related to the Niut Mountain fault, a subsidiary of the Tchaikazan fault, which represents the northwesterly extension of the fault system associated with mineralization within the economically important, orogenic type Bralorne gold camp.

Figure 1: Regional Geology, Mineral Claims and Properties, West Chilcotin, Southwest BC.

Figure 2: Big Frank Property 2021 Sample Locations and Historical Highlights over Geology

Figure 3: Goldstorm South Property 2021 Sample Locations and Historical Highlights

Qualified Person

Jean Pautler, P.Geo., a qualified person with respect to NI 43-101, examined the Big Frank and Goldstorm South properties during the September, 2021 exploration program and reviewed the technical information in this news release.

About Goldplay Mining

Goldplay Mining is a Canadian public company listed on TSXV and in US on OTCQB. Goldplay holds large district scale gold, and copper-gold projects located in BC's Golden Triangle and southwestern BC with potential for world class mineral discoveries. The Company also holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.

On behalf of the Board of Directors

"Catalin Kilofliski"
Catalin Kilofliski
President, CEO & Director

For further information please contact:

Goldplay Mining Inc.
Mr. Catalin Kilofliski, President & CEO
Suite 650 - 1021 West Hastings Street
Vancouver, BC V6E 0C3
T: (604) 655-1420
E: catalin@goldplaymining.ca
www.goldplaymining.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Forward Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the exploration potential of the Properties. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements involve risks and uncertainties relating to, among other things, the lack of recent exploration work on the Properties, results of future exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and unanticipated environmental impacts on operations. Although the Company believes current conditions and expected future developments and other factors that have been considered are appropriate and that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. The statements in this press release are made as of the date of this release. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE: Goldplay Mining Inc.



View source version on accesswire.com:
https://www.accesswire.com/667856/Goldplay-Completes-Initial-Sampling-at-Big-Frank-and-Goldstorm-South-Projects-and-Confirms-District-Scale-Potential-Resulting-in-New-Discoveries

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
goldplay

Goldplay Mining

Emerging in the Gold Mining Space Through High-Quality Gold Exploration in British Columbia and Portugal

Emerging in the Gold Mining Space Through High-Quality Gold Exploration in British Columbia and Portugal Keep Reading...
Horizon Gold

Excellent RC drilling intercepts returned across Snook, Cobia, and Alma May, including 44m @ 5.08g/t Au at Snook

Horizon Gold Limited (ASX: HRN) (‘Horizon’ or ‘the Company’) is pleased to announce some spectacular gold intercepts returned from RC drilling at its 100% owned Gum Creek Gold Project (‘Gum Creek’ or ‘the Project’) located in the Mid-West Region of Western Australia. Final assay results for... Keep Reading...
Gold bars with US Federal Reserve flag.

Editor's Picks: Gold, Silver Prices Bounce, Expert Outlines Fed "Doom Loop" Scenario

The gold price fell below the US$4,100 per ounce level midway through the week, but recovered quickly to close Friday (October 9) near US$4,200. Silver followed a similar trajectory, sinking as low as US$58.75 per ounce on Thursday (October 8) before bouncing back to finish the period just under... Keep Reading...
Gold nuggets with text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Dalaroo Metals Gains 67 Percent on Drill Results

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on gold, critical minerals, helium and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what... Keep Reading...
andrew o'donnell, stock chart

Andrew O'Donnell: Gold, Critical Minerals — How I Find "Asymmetric" Opportunities

Andrew O'Donnell of the Market Mindset explains how he's using artificial intelligence tools to unearth overlooked opportunities in the junior mining space, emphasizing the importance of tracking companies that follow through on their plans. "I've got a long-term horizon, and that I think is the... Keep Reading...
Inside of building at mine site.

The Two Asset Transition: Why Multiple Producing Assets Matter for Investors

Gold investors tend to focus on the gold price, grades and costs when assessing a producer. The number of mines a company operates gets less attention, but it shapes how much risk shareholders carry and how a company can grow.Global investment manager VanEck said that when you buy a gold... Keep Reading...
Lahontan Gold founder and CEO Kimberly Ann.

Lahontan Gold Targets 2027 Production Restart at Santa Fe in Nevada

Lahontan Gold (TSXV:LG) founder and CEO Kimberly Ann had big news to share at the Precious Metals Summit in Beaver Creek, Colorado. Lahontan Gold's acquisition* of Emergent Metals (TSXV:EMR,OTCQB:EGMCF) gives it full ownership of West Santa Fe and adds the York claims at New York Canyon. The... Keep Reading...

Interactive Chart

Latest Press Releases

Related News