Gold’n Futures Reports Check Assays on Samples From 2021/22 Drill Program & New Website Video, Hercules Gold Project
21 April 2022 - 2:54AM
GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF)
(the "Company” or “Gold’n Futures”) is pleased to report it has
completed check assays on 25 selected drill core samples. These
samples are from intersections of the Golden Mile gold zone and
originally returned from approximately 1 gram per tonne gold (g/t
Au) or greater as reported in the Company news releases dated
January 24th and February 23rd, 2022.
DDH |
From |
To |
Width |
Final |
ReassayFA-GRA |
AbsoluteDifference |
AbsoluteDifference |
|
(m) |
(m) |
(m) |
Au g/t |
Au g/t |
Au g/t |
% |
HR21-01 |
78.00 |
79.00 |
1.00 |
1.04 |
0.98 |
0.06 |
6% |
HR21-01 |
84.45 |
85.50 |
1.05 |
1.80 |
2.76 |
0.96 |
35% |
HR21-01 |
85.50 |
86.50 |
1.00 |
2.84 |
2.61 |
0.23 |
9% |
HR21-02 |
144.25 |
145.00 |
0.75 |
2.04 |
1.95 |
0.09 |
5% |
HR21-02 |
145.00 |
146.00 |
1.00 |
3.89 |
3.74 |
0.15 |
4% |
HR21-03 |
34.04 |
35.05 |
1.01 |
5.56 |
5.08 |
0.48 |
9% |
HR21-03 |
35.05 |
36.00 |
0.95 |
4.42 |
4.37 |
0.05 |
1% |
HR21-04 |
83.00 |
84.00 |
1.00 |
1.11 |
1.02 |
0.09 |
9% |
HR21-04 |
84.00 |
84.67 |
0.67 |
1.66 |
1.65 |
0.01 |
1% |
HR21-05 |
113.57 |
114.57 |
1.00 |
1.40 |
1.35 |
0.05 |
4% |
HR21-05 |
116.20 |
117.40 |
1.20 |
1.30 |
1.11 |
0.19 |
17% |
HR22-06 |
158.48 |
159.50 |
1.02 |
13.30 |
12.50 |
0.80 |
6% |
HR22-06 |
159.50 |
160.30 |
0.80 |
4.75 |
4.18 |
0.57 |
14% |
HR22-06 |
160.30 |
161.00 |
0.70 |
1.22 |
1.04 |
0.18 |
17% |
HR22-06 |
161.00 |
162.00 |
1.00 |
2.59 |
2.54 |
0.05 |
2% |
HR22-07 |
112.00 |
112.53 |
0.53 |
6.41 |
6.10 |
0.31 |
5% |
HR22-08 |
79.74 |
80.34 |
0.60 |
5.85 |
5.81 |
0.04 |
1% |
HR22-08 |
84.33 |
85.00 |
0.67 |
1.29 |
1.15 |
0.14 |
12% |
HR22-08 |
85.00 |
86.00 |
1.00 |
4.33 |
4.18 |
0.15 |
4% |
HR22-08 |
86.00 |
87.00 |
1.00 |
2.40 |
2.35 |
0.05 |
2% |
HR22-08 |
88.00 |
89.00 |
1.00 |
1.91 |
1.57 |
0.34 |
22% |
HR22-08 |
89.00 |
90.00 |
1.00 |
1.46 |
1.12 |
0.34 |
30% |
HR22-09 |
116.00 |
117.00 |
1.00 |
3.38 |
3.29 |
0.09 |
3% |
HR22-09 |
117.00 |
118.00 |
1.00 |
6.07 |
5.14 |
0.93 |
18% |
HR22-10 |
16.05 |
17.28 |
1.23 |
2.32 |
2.49 |
0.17 |
7% |
Table
1. List of the check assays
samples with the drill hole number, depth and width of the
intersection, the original analysis, check assay and absolute
difference. For the description of the analytical methods used
please see the paragraph entitled, Methods of Analyses and
Assays.
Figure 1. Scatter plot comparing Final
Assays with Check Assays, indicating a high
correlationhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e6704791-164f-4e33-a58f-cade99d66748
The check assays successfully demonstrated that
assay methods as used were highly effective with reproduceable
results. Seventeen of the samples showed less than 10% difference
over the original reported gold contents while the variance of only
3 samples was greater than 20% and can be explained by the nugget
effect of gold. The check assay results are within range confirming
the effectiveness of the methods used to analyze the core samples
from the Hercules gold occurrence.
Stephen Wilkinson,
CEO of Gold’n Futures, commented: “The good news from the re-assays
is that we can have a high confidence in the sampling and assays
being reported for the Golden Mile gold zone and we have no need to
find some other method to measure gold grades. However, knowing the
Hercules gold zones can be very high-grade, rechecking assays will
be a regular undertaking. We expect to continue with the inaugural
drill program on the Hercules beginning again following the spring
freshet. Later in the summer we expect the proceeds of the sale of
90% of our Brady gold project to fund a significant ramping up of
drilling and resource definition.”
Methods of Analyses and
Assays
Gold analyses was performed by
Activation Laboratories Ltd. (Actlabs, ISO Accredited lab)
employing codes; 1A2-50 and 1A3-50.
1A2-50: A sample size of 50
grams rock pulp is mixed with fire assay fluxes (borax, soda ash,
silica, litharge) and with silver added as a collector. The mixture
is placed in a fire clay crucible and heated to finish 1060°C. Upon
removal from the assay furnace the crucibles containing the molten
slag (lighter material) is carefully poured from the crucible into
a mould, leaving a metal button at the base of the mould. The
button is then placed in a preheated cupel which absorbs the lead
when cupelled at 950°C to recover the silver and gold in a doré
bead (Ag doré bead). The entire Ag doré bead is dissolved in aqua
regia and the gold content is determined by AA (Atomic Absorption).
AA is an instrumental method of determining element concentration
by introducing an element in its atomic form, to a light beam of
appropriate wavelength causing the atom to absorb light. The
reduction in the intensity of the light beam directly correlates
with the concentration of the elemental atomic species. On each
tray of 42 samples there is two blanks, three sample duplicates and
2 certified reference materials, one high and one low (QC 7 out of
42 samples). We generally rerun all gold by fire assay gravimetric
over 5,000 ppb to ensure accurate values
1A350: A sample size of 50
grams rock pulp, is mixed with fire assay fluxes (borax, soda ash,
silica, litharge) and with Ag added as a collector and the mixture
is placed in a fire clay crucible and heated to 1060°C. Upon
removal from the assay furnace the crucibles containing the molten
slag (lighter material) is carefully poured from the crucible into
a mould, leaving a metal button at the base of the mould. The
button is then placed in a preheated cupel which absorbs the lead
when cupelled at 950°C to recover the Ag (doré bead) + Au. Au is
separated from the Ag in the doré bead by parting with nitric acid.
The resulting gold flake is annealed using a torch. The gold flake
remaining is weighed gravimetrically on a microbalance.
Detection Limits:
- Fire Assay AA
Finish: 5 ppb lower, 5000 ppb upper (ppb = pats re billion)
- Fire Assay
Gravimetric Finish: lower 0.02 g/t, upper 10,000 g/t
New Site Video from Hercules Gold
Project
The Company is pleased to also report it has
placed a new video of the Hercules property on its website. The new
video features an introduction to the property in terms of
location, geology and project size and has scenes captured from
drone flights over the trenches and outcrops of several of the gold
mineralized veins, including the high-grade Golden Mile, the Lucky
Strike, Wilkinson Lake and Amede gold veins.
To view the video, please visit Gold’n Futures
website and the Hercules Project page at:
https://goldnfuturesmineralcorp.com/projects/hercules/
Qualified Person
The scientific and technical content of this
press release has been prepared, reviewed, and approved by Mr.
Walter Hanych, P. Geo., who is a Qualified Person under NI 43-101
regulations and is a director of the Company.
About Gold’n Futures Mineral
Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE:
G6M) (OTC: GFTRF) is a Canadian based exploration company focused
on advancing its Hercules gold project. The Hercules is located 200
kilometres northeast of Thunder Bay, Ont., in the townships of
Elmhurst and Rickaby, within the Thunder Bay North Mining District.
The Project is in the heart of the Beardmore – Geraldton gold
mining camp, the 4th largest gold camp in Canada and is 40 km west
of the Hardrock-Greenstone gold mine. The Hercules property lies
within an Archean greenstone belt that extends from the Longlac
area in the east to Lake Nipigon in the west, a distance of about
130 kilometres. The property comprises 475 contiguous claim cells
(10,052 ha). From the historical work completed on the property,
the Company has built an extensive database including
reconnaissance grab samples; channel samples; a variety of
geophysical surveys; and a drill hole database that includes
historical drilling totalling in the order of 537 holes. With
surface grab samples grading up to Grab samples up 10,374 g/t and
channel samples up to 32.96 g/t across 11.6 m, the Hercules gold
zones offer top tier targets for the expansion of its historical
resources.
For more information, please visit our website
at: www.goldnfuturesmineralcorp.com
On behalf of the Board of
DirectorsFor further information
Stephen WilkinsonPresident and CEOPhone:
604-687-2038
The Canadian Securities Exchange accepts
no responsibility for the adequacy or accuracy of this
release.
This news release may contain forward-looking
statements based on assumptions and judgments of management
regarding future events or results. Such statements are subject to
a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. There is no assurance the private
placement, property option, change of board or reinstatement of
trading referred to above will close on the terms as stated, or at
all. The Company disclaims any intention or obligation to revise or
update such statements.
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