Feb 15, 2022
 in 
Precious Metals

Golden Tag (TSX.V: GOG) (OTCQB: GTAGF) Drills 1,004 g/t Ag.Eq over 1.22 m close to surface, and 83 g/t Over 240 m within Fernandez Zone

Golden Tag Resources Ltd. (TSX.V: GOG) (OTCQB: GTAGF) is pleased to announce complete results from diamond drillholes 21-61, 61A, and 61W1, part of an exploration program targeting bulk-tonnage mineralization on the Company’s 100% owned San Diego Project, located in Durango Mexico.

Key highlights from holes 21-61, 61A & 61W1 include:

  • Several high-grade intersections, located close to surface, including 1,004 g/t Ag.Eq over 1.22 m, 1,110 g/t Ag.Eq over 0.6 m and 1,064 g/t Ag.Eq over 0.5 m in the CSplay Zone
  • 149 g/t Ag.Eq over 11 m, and 514 g/t Ag.Eq over 0.6 m within the Montanez Zone
  • 83 g/t Ag.Eq over 240 m, including a higher-grade interval of 110 g/t Ag.Eq over 112 m, within the Fernandez Zone
  • The Fernandez Zone intersection represents a 19% increase in grade compared to the closest historical hole (12-48) within this upper section of Fernandez  
Greg McKenzie, President and CEO commented: "We are pleased to have intersected high-grade silver within proximity to existing historical underground workings, relatively near surface. Furthermore, hole 21-61W1 provides us with additional knowledge and confidence within the upper section of the Fernandez resource, and we are encouraged to intersect grades 19% higher than the closest hole vertically located 50 m higher. The Fernandez Zone clearly demonstrates higher grades as depth increases, and consistently showcases very broad intervals of mineralization”.

Hole 21-61, 61A, 61W1

Holes 21-61, 61A and 61W1 were drilled from the same setup to test the CSplay, Canta, Montanez and upper levels of the Endoskarn portion of the Fernandez Zone, approximately 100 m above and to the northwest of hole 21-60A. Hole 21-61 was abandoned at 207 m due to excess deviation, and redrilled in Hole 21-61A, where a wedge was set at 338 m depth turning the hole into 21-61W1 (see Figure 1).

Holes 21-61 and 61A interested several high-grade quartz-sulphide veins from the northeast trending CSplay Zone with notable intersections from the CSplay A vein returning 1,064 g/t Ag.Eq over 0.50 m (143.13 to 143.63 m) in hole 21-61 and 758 g/t Ag.Eq over 0.58 m (136.50 to 137.08 m) in hole 21-61A and from the CSplay B vein returning 1,004 g/t Ag.Eq over 1.22 m (189.25 to 190.47 m) in hole 21-61 and 1,110 g/t Ag.Eq over 0.65 m (184.30 to 184.95 m) in hole 21-61A. Holes 21-61A and 21-61W1 also intersected several quartz-sulphide veins from the east trending Canta Zone with notable intersections returning 388 g/t Ag.Eq over 2.10 m (276.05 to 278.15 m, hole 21-61A) and 154 g/t Ag.Eq over 1.0 m (358.20 to 359.20 m, hole 21-61W1).

Hole 21-61W1 intersected the Montanez Zone further downhole at approximately 350 m vertical depth from surface, returning 149 g/t Ag.Eq over 11.0 m (446.25 to 457.25 m) as well as 514 g/t Ag.Eq over 0.61 m (441.00 to 441.61 m) containing 2.75 g/t Au over the interval. The Montanez Zone mineralization is characterized by quartz-sulphide veins hosted within and along the contact of a west-northwest trending highly altered monzodiorite dike which has been faulted and brecciated. It has been traced on the property for over 400 m along strike and down to a vertical depth of 750 m (see Figures 2, 3 & 4).

Hole 21-61W1 crossed into Fernandez Zone skarn mineralization at a vertical depth of approximately 500 m returning 83 g/t Ag.Eq over 240.30 m (615.90 to 856.20 m), including a higher-grade interval of 110 g/t Ag.Eq over 111.98 m (663.32 to 775.30 m). The Fernandez Zone results in hole 21-61W1 represent a 19% improvement in the average grade of the zone at this elevation, as compared to historical hole 12-48 located approximately 50 m vertical meters above (see Table 2). The Fernandez intersection from hole 21-61W1 is approximately 100 m above and to the northwest of the interval of 100 g/t Ag.Eq over 322.90 m in hole 21-60A released on January 19, 2022.

Consistent with other previously reported holes, high-grade mineralization was encountered to the south, outside of the existing Endoskarn mineralized envelope (see Figures 1, 3, 4). Geologically, it was determined the Trovador and Fernandez Zones merge into one continuous zone of mineralization in hole 21-61W1 at 960 m elevation (690 m vertical depth), and at lower vertical elevations as observed in historical holes 08-35, 11-44, 12-47, 12-49, 12-50W2 and 21-60A.

Disclaimer: Golden Tag is a paid marketing client*

More Posts

You Might Also Like

Read More

Fabled Silver & Gold (TSXV: FCO; OTCQB: FBSGF) Planning of Phase 2 Exploration Diamond Program on the Santa Maria Property Completed

Read More
Fabled Silver & Gold (TSXV: FCO; OTCQB: FBSGF) Planning of Phase 2 Exploration Diamond Program on the Santa Maria Property Completed
Read More

Fabled Copper (CSE: FABL) Surface Geophysics Outlines Parallel EM Conductor to the Eagle Vein at Davis Keays

Read More
Fabled Copper (CSE: FABL) Surface Geophysics Outlines Parallel EM Conductor to the Eagle Vein at Davis Keays
Read More

Nighthawk Gold (TSX: NHK) (OTCQX: MIMZF) Appoints VP of Exploration & Outlines 100,000m 2-Year Exploration Drill Program

Read More
Nighthawk Gold (TSX: NHK) (OTCQX: MIMZF) Appoints VP of Exploration & Outlines 100,000m 2-Year Exploration Drill Program
Read More

Golden Tag (TSX.V: GOG) (OTCQB: GTAGF) Drills 93 g/t Ag.Eq over 395 m (36,735 G X W) Expanding Fernandez Zone 70 m to Northwest

Read More
Golden Tag (TSX.V: GOG) (OTCQB: GTAGF) Drills 93 g/t Ag.Eq over 395 m (36,735 G X W) Expanding Fernandez Zone 70 m to Northwest
Read More

AVZ Minerals (ASX: AVZ) (OTCQX: AZZVF) Lands Mining License for World-class Manono Lithium Tin Asset

Read More
AVZ Minerals (ASX: AVZ) (OTCQX: AZZVF) Lands Mining License for World-class Manono Lithium Tin Asset
Read More

Fabled Copper (CSE: FABL) Finds Six Parallel Veins at Davis Keays Eagle, With Values as high as 6.73%

Read More
Fabled Copper (CSE: FABL) Finds Six Parallel Veins at Davis Keays Eagle, With Values as high as 6.73%
See All Posts
DISCLAIMER