InvestmentPitch Media Video Discusses Edgemont Gold and its New Multi-Year Area-Based Permit from the B.C. Ministry of Mines to drill Dungate Copper/Gold Porphyry Project - Video Available on Investmentpitch.com | INN

Edgemont Gold Corp. (CSE:EDGM) (FSE:EG8) has received a Multi-Year Area-Based Permit from the B.C. Ministry of Mines allowing the company to begin a fully funded initial Phase I drill program this summer at its Dungate coppergold porphyry project. The Dungate copper-gold porphyry project is located 6 km south of Houston, in a region with a history of successful mining projects including the Equity Silver Mine, Imperial Metals' Huckleberry Mine, and the more recent gold-silver discovery at Sun Summit Minerals' Buck Project which sits just 7 kilometres to the south.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Edgemont" in the search box.

The initial property, acquired in 2018, consisted of two mineral claims covering 546 hectares, with an additional three minerals claims staked in 2020, bringing the total area to 1,582 hectares, that can be explored year-round by all-season roads.

The Phase I drill program will be comprised of at least six 500 metre drill holes from six permitted drill pad locations to test mineralization at depth. Following successful completion of this initial drill program, the five-year permit will allow Edgemont to identify and drill from a further ten drill locations next year, subject to the conditions of the permit. Supplemental drill locations can be added subject to normal notification requirements and successful reclamation of completed drill holes.

DDH C75-1, at 333 metres in depth, the only deep hole on the property, was drilled by Cities Services in 1975 and drill logs reported 142 metres of "abundant chalcopyrite" at the bottom of the hole. No assay results are available.

The first holes to be drilled at Dungate will test a strong cohesive circular chargeable anomaly approximately 1.2 kilometres in diameter identified by Edgemont during a 16-line kilometre IP survey conducted in September 2020. In addition, the magnetic and IP surveys also identified another possible intrusion, much larger in size, under overburden to the north of the initial Dungate showing. This new target will be drill tested for the first time during this summer exploration program.

Stuart Rogers, CEO, stated: "We are excited to be able to move forward with our initial drill program at Dungate. We have retained Apex Diamond Drilling Ltd. of Smithers, B.C. and logistics are underway for a late July drill startup. We have identified several large IP anomalies that have never been properly drill tested at depth and are encouraged by the recent success at Sun Summit's nearby Buck project which hosts geological similarities to the breccia zone identified in drill logs from historic drilling at Dungate in 1975. The last drilling at Dungate was in 1976 and was only comprised of shallow (less than 100 metres) drill holes. With the comprehensive geophysical data now available to us through our recent Induced Polarization geophysical survey, we are looking forward to the potential for a significant discovery at this compelling copper/gold porphyry target."

For more information, please visit the company's website at www.EdgemontGold.com, contact Stuart Rogers, CEO, at 778-239-3775 or for investor relations, contact Kevin Arias, VP Corporate Development at 778-773-4786 or by email at info@EdgemontGold.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87753

News Provided by Newsfile via QuoteMedia

Edgemont Gold Corp CSE:EDGM Gold Investing

"fed" written in gold font, american flag, gold coins

The Fed Left Rates Unchanged — What Happened to the Gold Price?

The US Federal Reserve left interest rates unchanged at 5.25 to 5.5 percent at its latest meeting.

The central bank was widely expected to stay the course at this month's gathering, but market watchers believe there's still one more 25 basis point hike left in this cycle — an update to the dot plot, which shows where each Fed official thinks the federal funds rate is headed, shows that the median projection is 5.6 percent by the end of 2023.

Looking forward to 2024, two cuts of a quarter point each are anticipated. That's less than the four decreases insiders were forecasting three months ago, which Andrew Patterson, senior economist at Vanguard, believes is a "telling" change.

Keep reading...Show less

will rhind, gold bars

Will Rhind: Gold in Good Position Ahead of Fed; Still Positive on Platinum

The US Federal Reserve's latest meeting will wrap up on Wednesday (September 20), and gold investors are watching closely to see whether the central bank hikes interest rates again or leaves them unchanged at 5.25 to 5.5 percent.

Speaking to the Investing News Network, Will Rhind, CEO of GraniteShares, said he thinks an increase is unlikely.

"I only see the probability of a rate hike happening if clearly there's some data to suggest that inflation's on the up again, or something that provides some catalyst for them to raise interest rates," he said during an interview. "I do think that by and large we're at the top of the cycle, and we are kind of on the way down, albeit not immediately."

Keep reading...Show less

gold ore

Gold Grain Morphology: A Valuable Method of Gold Exploration (Updated 2023)

The high value of gold means that a deposit of very small concentration can be economically mined — a fact that is great news for gold miners, but complicated for gold explorers.

Gold is often found in ores composed of rock with very small particles. When it comes to extraction, ore with grades of gold as little as 0.5 parts per million (ppm) can be economically mined. Because ore grades of 30 ppm are usually needed before gold is visible to the naked eye, gold in most mines is invisible.

Not only can viewing individual grains of gold provide a challenge, but the nature of prospecting means that finding these grains of gold through conventional sampling can prove nearly impossible.

Keep reading...Show less

Kestrel Gold - Samples up to 2.051 g/t Au at King Solomon's Dome, Follow-up Drilling Planned

Kestrel Gold Inc. ("Kestrel" or the "Corporation", TSX-V:KGC) is pleased to announce preliminary results from the 2023 prospecting program on it's 100% owned King Solomon Dome property ("KSD"). The property is located in the Yukon portion of the Tintina Gold Belt, 35 minutes by road south of Dawson City, within the famous Klondike placer gold district. Creeks draining KSD have produced significant amounts of placer gold and Kestrel is evaluating the property's potential to host economic bedrock sources for this gold

The target at KSD is an orogenic-style north-south trending quartz vein system located over an approximate 1.0 kilometre east-west by 2.2 kilometre north-south area. The 2023 program focused on the Dominion Creek drainage basin which drains the southern portion of the property. Prospecting of new road cuts and active placer pits in this area identified numerous areas of sheared, quartz veined, pyritic and carbonate altered bedrock or rubblecrop, sampling of which returned values ranging from

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Falcon Gold (TSXV:FG)

Falcon Announces Warrant Repricing and Extension

FALCON GOLD CORP. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB); (the "Company") announces that the Company intends to reprice and extend the expiry date of a total of 2,058,500 share purchase warrants exercisable at $0.25 per common share expiring on October 9, 2023 (the "Warrants"). The Warrants were issued pursuant to a private placement which closed on October 9, 2021. The Company proposes to reprice the Warrants to $0.10 per share and extend the expiry date by an additional two years to October 9, 2025.

All other terms and conditions of the Warrants remain unchanged. The extension of the Warrants is subject to acceptance by the TSX Venture Exchange.

Keep reading...Show less

Latest Press Releases

Related News