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Goldplay Anounces Encouraging Results of up to 5.90gpt Gold and 155gpt Silver from the First Exploration Program Completed on the Scottie West Project

VANCOUVER, BC / ACCESSWIRE / December 6, 2021 / Goldplay Mining Inc. (TSXV:AUC) (US/OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"),is pleased to announce results from the 2021 field program completed on the Scottie West Project, …

VANCOUVER, BC / ACCESSWIRE / December 6, 2021 / Goldplay Mining Inc. (TSXV:AUC) (US/OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"),is pleased to announce results from the 2021 field program completed on the Scottie West Project, (located in the Golden Triangle of BC).

HIGHLIGHTS

  • Rock sample assaying: 5.90 grams per tonne ("gpt") Gold and 155 gpt Silver on the SE Exposure Nunatak.
  • Rock sample assaying: 5.29 gpt Gold on the Leduc NE Ridge.
  • Rock sample assaying: 2.19 gpt Gold and 119 gpt Silver on the Leduc East Central Ridge.
  • Rock sample assaying: 0.95 gpt Gold, 91.87 gpt Silver, and 2.77% Zinc on the East Border Nunatak.

Catalin Kilofliski, Goldplay Mining President & CEO stated: "The Scottie West Project is located amongst some impressive neighbors including Pretium's Brucejack Mine, as well as the past producer Granduc and Silback Premier Mines. Recent success on the neighboring Scottie Gold Project bodes well for the potential of the area. Goldplay was the first company to complete a comprehensive exploration program on the Scottie West Project. For an initial first pass, the geological team has identified and discovered some encouraging Gold and Silver mineralization that the Company believes warrants further investigation and additional work."

The 8,394-hectare Scottie West Project is located in the prospective Golden Triangle of British Columbia, 25 km north-northwest of the deep-water port of Stewart, BC and 7 km west of the Granduc Road. The Project is optioned from Coast Copper Corp. (formerly Roughrider Exploration (TSXV:COCO)).

Goldplay's initial exploration work has resulted in the discovery of several multi gram Gold assays in both grab samples and channel samples from the SE Exposure Nunatak, the Leduc NE Ridge and the Leduc East Central Ridge (figure 1).

Figure 1 - Scottie West Property in Relation to the Scottie Gold Mine and the Granduc Mine

The SE Exposure Nunatak (figure 2,below) has the highest Gold assay with a grab sample assaying 5.9 gpt Gold, occurring within quartz-carbonate veins with pyrite and arsenopyrite. Follow up channel sampling of the original discovery has yielded 1.39 gpt Gold over 1.3 metres ("m"). A second zone was also discovered 95 m to the north with a grab sample of 4.59 gpt Gold and channel samples of 2.08 gpt Gold over 1.2 m and 1.78 gpt Gold over 1.2 m. Table 1 highlights some of the results. East-northeast and north-south trending structures appear to be important features controlling mineralization. The Nunatak consists of mostly bedded volcaniclastic and epiclastic rocks consisting of siltstone, ash and lapilli tuff. Also noted was mudstone, agglomerate and mafic coherent volcanic flows. The stratigraphy is cut by numerous intermediate dykes. Gossanous biotite-pyrrhotite hornfelsing occurs around the dykes and is especially evident in the mudstone units. Talus fines sampling has identified numerous targets on the Nunatak which also coincide with gossanous alteration zones identified in both satellite imagery and on the ground.

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06.12.2021, 20:40  |  115   |   |   

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Goldplay Anounces Encouraging Results of up to 5.90gpt Gold and 155gpt Silver from the First Exploration Program Completed on the Scottie West Project VANCOUVER, BC / ACCESSWIRE / December 6, 2021 / Goldplay Mining Inc. (TSXV:AUC) (US/OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"),is pleased to announce results from the 2021 field program completed on the Scottie West Project, …

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