Precious Metals

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

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

News Provided by Newsfile via QuoteMedia

Gold Springs Resource Demonstrates Extension of Gold Mineralization of its South Jumbo Resource

Gold Springs Resource Demonstrates Extension of Gold Mineralization of its South Jumbo Resource

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), has received assays from the final drill holes at South Jumbo as part of the 2022 drill campaign on its large Gold Springs project located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world.

Highlights include:

Keep reading...Show less

Barrick Supports Flood Relief in Balochistan

All amounts expressed in US dollars.

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is contributing $150,000 to Balochistan's Provincial Disaster Management Authority (PDMA) to support its relief efforts in the wake of unprecedented floods in the region. Remote communities in the province were hardest hit by the heavy monsoon rains which killed more than 500 people in Pakistan.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
a fork in the road

Inflation High, Markets Volatile — Experts Talk Strategies for Navigating Tough Times

Markets got a mid-August bump after July’s US Consumer Price Index (CPI) data showed inflation slowed to 8.5 percent during the seventh month of the year.

After breaching a 41 year high of 9.1 percent in June, lower energy costs and better-than-expected job additions drove inflation lower for the first time since June 2020.

The positive news pushed all of North America’s major markets higher as many speculated that with easing inflationary pressures US Federal Reserve will be less likely to raise interest rates by another 75 basis points.

Keep reading...Show less
"great reset" button on keyboard

VIDEO — Andy Schectman: How a Great Reset Happens and What it Means for Gold

Andy Schectman: How a Great Reset Happens and What it Means for Goldyoutu.be

Andy Schectman, president of Miles Franklin, has been watching the trend toward de-dollarization for years, and he believes the world is approaching an inflection point.

Speaking to the Investing News Network at the Rule Symposium, he ran through a number of announcements that together point toward a global reset that could end the US dollar's dominance.

"I've been watching things unfold really since 2017 in a line that has got me very concerned about where we are ultimately heading, and it all centers around de-dollarization," Schectman explained.

Keep reading...Show less

Wheaton Precious Metals Announces Second Quarter Results for 2022

Designated News Release
SECOND QUARTER 2022 FINANCIAL RESULTS

"Throughout the first half of 2022, we have focused on optimizing our portfolio and further enhancing our financial flexibility in order to ensure that we are well positioned to respond to accretive growth opportunities and continue creating value for our shareholders," said Randy Smallwood President and Chief Executive Officer of Wheaton Precious Metals. "While not without its challenges, our diverse portfolio once again delivered strong operating cash flow and an attractive dividend yield, highlighting the resiliency of the streaming model to the inflationary pressures currently being felt across the global economy. Furthermore, we are pleased with our continued progress and leadership on sustainability initiatives as highlighted in our third annual Sustainability Report."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Wheaton Precious Metals Announces Second Quarter Results for 2022

Designated News Release
SECOND QUARTER 2022 FINANCIAL RESULTS

"Throughout the first half of 2022, we have focused on optimizing our portfolio and further enhancing our financial flexibility in order to ensure that we are well positioned to respond to accretive growth opportunities and continue creating value for our shareholders," said Randy Smallwood President and Chief Executive Officer of Wheaton Precious Metals. "While not without its challenges, our diverse portfolio once again delivered strong operating cash flow and an attractive dividend yield, highlighting the resiliency of the streaming model to the inflationary pressures currently being felt across the global economy. Furthermore, we are pleased with our continued progress and leadership on sustainability initiatives as highlighted in our third annual Sustainability Report."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×