Near Surface Intersection Yields 6.58 g/t gold over 10.35 metres
Executive Summary
- Hole JU8‑26‑142 intersected a high‑grade core of 6.58 g/t Au over 10.35 m within a broader zone of 3.32 g/t Au over 22.35 m, extending known mineralization on the 826 zone.
- The company is increasing its drilling program in the 826 zone by an additional 400 m (total ~1,000 m added), bringing cumulative planned drilling to roughly 1,600 m and targeting further high‑grade extensions.
- Results support a pivot in the drill plan toward higher‑grade near‑surface targets and will be followed by geophysical work to delineate the gold trend.
Key Details
- Hole JU8‑26‑142 intercepts
- 6.58 g/t Au over 10.35 m (true width not disclosed) – highest grade reported to date.
- Included sub‑intervals: 9.61 g/t Au over 5.00 m; 12.33 g/t Au over 2.95 m.
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Entire broader interval: 3.32 g/t Au over 22.35 m (true width 20.3 m).
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Comparison to previous hole JU8‑25‑141
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Prior intercepts included 0.69 g/t Au over 28.17 m and a higher‑grade zone of 4.09 g/t Au over 3.25 m.
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Drilling program expansion
- Previously announced addition of 600 m (two holes).
- New announcement adds two more holes, each ~200 m, for an extra 400 m drilling, bringing total additional drilling in the 826 zone to ≈1,000 m.
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Overall program now targets ~1,600 m of drilling in the 826 zone.
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Geological context
- Mineralization hosted in a brittle‑ductile shear zone cutting Archean conglomerate.
- Associated with iron‑carbonate altered dykes (36.4–38.25 m and 42.55–42.85 m) showing patchy fuchsite alteration, ~3% pyrite, and quartz‑iron carbonate‑pyrite with gold stringers.
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Brecciated conglomerate contains up to 5% pyrite; gold grades correlate with sulphide intensity and silica‑iron carbonate alteration.
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Future exploration focus
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After completing the 826 zone work, drilling will shift to the Golden Lake area and then the Juby zone, emphasizing depth expansion of known resources.
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Quality Assurance / Quality Control (QA/QC)
- Core handled by contracted drill crew, transported securely, logged, and sampled with ≥10 % certified reference material insertion.
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Assays performed at MSALabs (Timmins, ON), accredited AC89/IAS, ISO/IEC 17025:2017 compliant.
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Company background (brief)
- Juby Gold Project hosts a NI 43‑101 compliant resource of 1.01 Moz Indicated @ 0.98 g/t Au and 3.17 Moz Inferred @ 0.89 g/t Au (based on US$2,500/oz gold price).
Notable Quotes
“We are enthused by these early results,” said Mark Trevisiol, CEO and Chairman. “Our second hole delivered a high‑grade near‑surface intersection, which has caused us to pivot from our original drilling plan. We plan to chase this a bit more and follow up with geophysics to try to track this high‑grade gold trend.”
Materiality Assessment: Material – Positive (high‑grade intercepts and expanded drilling program are likely to impact the company’s valuation).