Gold Finder Commences Fieldwork at Pipestone Bay Property in Ontario's Red Lake Gold District
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce that fieldwork is underway at its 100%-owned Pipestone Bay property (the "Property") located approximately 32 kilometres west of the town of Red Lake (see area claim map).
Emerald Geological Services conducted a review of all historical exploration on the Property to determine areas where untested targets warrant further exploration.
Significant historical work has been conducted in two areas of the Property: the 991 Zone (also known as the NW Pipestone Bay Occurrence) in the eastern part of the Property, and the western part of the Property where there are two known gold occurrences (McIntosh Lake Iron Formation and Stupak-Dynes Group Occurrences). Figure 1 shows gold occurrences on the Property on a background of property geology (OGS Map 4594).
Figure 1
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https://goldfinderresources.com/images/Pipestone-Bay/Figure-1-PIpeston ...
The 991 Zone
Previous work has shown that there are at least two styles of gold mineralization at the 991 Zone:
1) High-grade (up to 44.9 g/t Au) hosted in roughly N-S striking quartz veins (Figure 2).
2) Low-grade (in the low 100s of ppb) hosted in altered felsic volcanics which strike roughly east-west and dip north, with a copper association (including 0.23% Cu over 5.5 meters in drilling).
To date, only the low-grade gold mineralization has been tested by north-south drilling, which would not have adequately tested the north-south high-grade veins. The mineralized felsic unit hosting the veins remains open to the west-northwest and east-southeast beneath the lake, and IP suggests that mineralization may continue in either direction.
There is also potential for nickel and chromium mineralization in the ultramafic unit to the north, as indicated by 2019 grab samples which returned 0.21% Ni and 0.21% Cr.
Figure 2
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https://goldfinderresources.com/images/Pipestone-Bay/Figure-2-PIpeston ...
Pipestone West Area
This area hosts both gold and copper mineralization. Anomalous gold (up to 730 ppb) has been discovered in banded iron formation, altered mafic volcanics, and quartz veins, with copper grades up to 3.25% also obtained in altered mafic volcanics.