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Bathurst Metals Announces High Grade Copper Assay Results From Summer Sampling Program on 100% owned Gela Lake Project Area, Nunavut

 

(TheNewswire)

  

 

Bathurst Metal Corp. (TSXV:BMV ) ( OTC:BMVVF) ("Bathurst" or the "Company") is pleased to announce assay results from 10 rock, grab samples collected where a Monzogabbro, Proterozoic Age, body intruded the regional Bathurst Fault, Nunavut, Canada, Figure # 1. The Gela Lake Project area covers 3,116.39 Hectares and overlies known copper, cobalt and gold mineralization. Fieldwork during August 2021 focused on only the south-central portion of the project area along both the eastern and western flanks of the monzogabbro intrusive in contact with Archean Metasediments and Volcanics

 

  Of most interest is the consistent higher grade copper, bismuth and molybdenum values along the western contact of the intrusive where the Bathurst Fault is projected to occur, Figure # 2. Mineralization observed consists mainly of structural controlled chalcopyrite within quartz and quartz-carbonate veins hosted within sheared monzodiorite and or Archean metavolcanics/ sediments.  All copper, bismuth and molybdenum assay results are listed in Table # 1. Table # 2 provides the samples locations and brief comments on the geology and mineralization.  

 

  Table #1  

 
                                                                                                                                  
 

  Eastern Side of Monzogabbro Intrusive  

 
  
       
 

  Sample  

 
 

  Copper  

 
 

  Bismuth  

 
 

  Molybdenum  

 
   
 

  Number  

 
 

  (%)  

 
 

  (ppm)  

 
 

  (ppm)  

 
   
 

  D365422  

 
 

  9.4  

 
 

  0.7  

 
 

  0.41  

 
   
 

  D365423  

 
 

  0.01  

 
 

  0.27  

 
 

  0.77  

 
   
 

  D365424  

 
 

  3.26  

 
 

  5.25  

 
 

  3.05  

 
   
 

  D365425  

 
 

  0.05  

 
 

  0.96  

 
 

  0.87  

 
   
       
 

  Western Side of Monzogabbro Intrusive along Bathurst Fault  

 
       
 

  Sample  

 
 

  Copper  

 
 

  Bismuth  

 
 

  Molybdenum  

 
   
 

  Number  

 
 

  (%)  

 
 

  (ppm)  

 
 

  (ppm)  

 
   
 

  D365451  

 
 

  1.14  

 
 

  301  

 
 

  0.97  

 
   
 

  D365452  

 
 

  4.47  

 
 

  632  

 
 

  489  

 
   
 

  D365453  

 
 

  5.96  

 
 

  1720  

 
 

  12.2  

 
   
 

  D365454  

 
 

  6.51  

 
 

  623  

 
 

  8.25  

 
   
 

  D365455  

 
 

  0.78  

 
 

  4.15  

 
 

  1.07  

 
   
 

  D365456  

 
 

  0.01  

 
 

  1.38  

 
 

  0.68  

 
   
       
 

  Table # 2  

 
                                                                                     
 

  Sample  

 
 

  UTM  

 
 

  UTM  

 
   
 

  Number  

 
 

  East  

 
 

  North  

 
 

  Comments  

 
    
 

  D365422  

 
 

  580952  

 
 

  7477489  

 
 

  1.3 metre wide quartz vein with 25% cpy,7% bornite  

 
   
 

  D365423  

 
 

  580804  

 
 

  7477524  

 
 

  Monzogabbro no visible mineralization  

 
   
 

  D365424  

 
 

  580610  

 
 

  7477648  

 
 

  Quartz +/- carbonate ,malachite,1-3% chalcopyrite/bornite  

 
   
 

  D365425  

 
 

  580702  

 
 

  7477599  

 
 

  Fractured monzogabbro, no visible mineralization  

 
   
 

  D365451  

 
 

  581170  

 
 

  7476035  

 
 

  Qtz vn in argillite, 10 cm wide, 30% pyrite, chalcopyrite  

 
   
 

  D365452  

 
 

  581079  

 
 

  7476142  

 
 

  Qtz vn in argillite, 50 cm wide, 30% pyrite, chalcopyrite  

 
   
 

  D365453  

 
 

  580589  

 
 

  7476740  

 
 

  Qtz vn, vuggy, 20% pyrite, chalcopyrite  

 
    
 

  D365454  

 
 

  580560  

 
 

  7476795  

 
 

  Qtz vn with veinlets, 20% sulfides, pyrite, chalcopyrite  

 
   
 

  D365455  

 
 

  580510  

 
 

  7477205  

 
 

  Qtz vn, 20cm, trace malachite, 1% chalcopyrite  

 
   
 

  D365456  

 
 

  580810  

 
 

  7477049  

 
 

  Monzogabbro, no visible sulfides  

 
   
 

  Figure # 1  

 

 

 

  

 
Click Image To View Full Size

 

  Figure # 2  

 

   

 
Click Image To View Full Size

 

  Greg Bronson, VP Exploration and director of Bathurst Metals commented "   Our time on the Gela property was limited however we did collect samples that returned significant results from our inaugural site visit. Sampling work focused on the southern portion of the contact between the Bathurst fault and a monzogabbro intrusion. Along with some high copper values we are seeing high bismuth values that suggest the presence a very strong hydrothermal system, likely related to the regional scale Bathurst fault that dissects the property. Additionally, we are seeing elevated molybdenum assays that likely indicate the presence of local heat engine associated with the monzogabbro intrusion sitting directly adjacent to the Bathurst fault. This package of structures presents a very prospective exploration target that has not yet seen modern systematic exploration nor has ever been drill tested. More work needs to be done on the Gela property to further understand the environment of mineralization and to further explore known showings of   Copper and Cobalt on the northern portion of the property. Bathurst Metals has a very strong portfolio of 100% owned properties in Nunavut with experienced staff familiar with working in these areas."  

 

  Quality Assurance/Quality Control – Rock Samples  

 

  All rock samples were collected by professional geoscientists. Samples were placed in plastic sample bags with samples tags placed in each bag before being sealed. Samples were transported to the field camp site and later to the ALS sample preparation facility in Yellowknife under the supervision of a professional geoscientist. The Yellowknife sample preparation laboratory crushed and pulverized samples and using a riffle splitter to obtain up to 85 percent of a 250 gram sample passing through 75um screen. The pulverized samples were then securely transported to their laboratory in Vancouver and analyzed using procedure ME MS41(ultra trace Aqua Regia ICP-MS) followed by an Au-OG44, ore grade gold 50gram sample analysis.  

 

  Lorne Warner, P.Geo, President of the company is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical content of this news release.  

 

  On behalf of the Board of Directors  

 

  "Harold Forzley"  

 

  CEO  

 

  Bathurst Metals Corp.  

 

  For more information contact Harold Forzley, CEO  

 

  Neither 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 Statements  

 

  Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.  

 

 

 

  BATHURST   METALS   CORP.  

 

  665   DOUGALL ROAD, GIBSONS BC    WWW.BATHURSTMETALS.COM   

 

Copyright (c) 2021 TheNewswire - All rights reserved.

 

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