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     157  0 Kommentare 12 Exploration Commences Fully Funded Gold Exploration Program at the Nassau Gold Project in Suriname

    TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Jon North, CEO of 12 Exploration Inc. (CSE: TWLV) (“12Ex”) operating through its wholly owned subsidiary 79North Ltd. (“79North”) is pleased to announce that gold exploration has commenced at the Nassau gold project in the Republic of Suriname. The Nassau gold project is a 20,000- hectare under explored property located 20 kilometres south of Newmont Corporation’s Merian gold mine and 60 kilometres east of Iamgold Corporation’s Rosebel gold mine. The Nassau project shares the same stratigraphy and structures as both the Rosebel and Merian gold mines and contains three large placer gold deposits plus an area of high grade surface rock samples that surround a central plateau where gold has been mined from alluvium for at least a century.

    2020 Preliminary Exploration Program Includes:

    • 86 kilometers of baseline and cross line geological mapping, prospecting, and geochemical surveying covering approximately 900 hectares across four target areas
    • 1,500 metres of auger drilling at the Marinara target with additional drilling on three targets to be evaluated pending geochemical survey results
    • A LiDAR (“Light Detection and Ranging”) survey employing an airborne laser transmitter and receiver) covering the entire Nassau property
    • Diamond drilling to quickly follow up on targets generated by preliminary exploration.

    “We have narrowed down four exploration targets at Nassau to focus initial exploration on gold deposit-sized geologic, geochemical, and geophysical anomalies. Our job as explorers is to define quality gold exploration targets within the regional setting of gold deposits in Suriname, and it has been relatively easy to do this with so much prospective geology at the Nassau gold project,” stated Jon North, Ph.D., P.Geo., Chief Executive Officer. “Such a large property in such highly prospective terrane will undoubtedly reveal additional targets as we commence exploration and complete a property-wide LiDAR survey and we look forward to reporting our progress in future press releases.”

    About the Nassau Project
    The Nassau gold project consists of two mineral exploitation concessions in the Sipaliwini District of northern Suriname with a combined area of approximately 200 square kilometres. The project is located 20 kilometres south of Newmont Corporation’s Merian gold mine and 60 kilometres east of the of Iamgold Corporation’s Rosebel gold mine. The underlying geology of the Nassau project shares the same stratigraphy and structures as both the Rosebel and Merian gold mines and is also on the same structure of the Sabajo gold deposit which is a satellite deposit of the Merian gold mine. Gold bearing structures in northern Suriname commonly trend northwest and the Nassau project is strategically located to capture both gold-bearing stratigraphy and northwest-trending structures (see Exhibit 1). The Nassau project has three large placer gold deposits that surround a central plateau where gold has been mined from alluvium for at least a century. In addition, surface rock samples with multi-gram gold concentrations have been exposed in the workings of informal miners.

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    12 Exploration Commences Fully Funded Gold Exploration Program at the Nassau Gold Project in Suriname TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) - Jon North, CEO of 12 Exploration Inc. (CSE: TWLV) (“12Ex”) operating through its wholly owned subsidiary 79North Ltd. (“79North”) is pleased to announce that gold exploration has commenced at the Nassau …