Resource World Magazine

A U G U S T / S E P T E M B E R 2 0 1 8 www.resourceworld.com 31 ery on the southern Carlin trend. • Recent drilling has intersected min- eralization in the newly recognized Pennsylvanian-Permian host lithologies (conglomerates and sandstones) inter- preted to be the same host strata as Gold Standard's nearby North Dark Star deposit. Bluestone Resources Inc. [BSR-TSXV; IMEEF-OTC] reported further positive drill results from its resource definition drill program at the 100%-owned Cerro Blanco gold project in Guatemala. Assay results drilled from various locations within the Cerro Blanco underground mine workings include the core intercepts representing true widths of the veins: • 17.2 g/t gold and 94.9 g/t silver over 7.0 metres (UGCB18-86); • 32.7 g/t gold and 79.6 g/t silver over 8.3 metres (UGCB18-86); • 16.7 g/t gold and 105.4 g/t silver over 15.0 metres (UGCB18-89); • 14.3 g/t gold and 68.5 g/t silver over 9.3 metres (UGCB18-89). Holes UGCB18-86 and UGCB18-89 are fan holes that intercepted multiple zones of parallel veins from approximately 15 metres below the South Ramp under- ground workings. Included within these broad zones are bonanza intercepts of 163.3 g/t gold and 1,202 g/t silver over 1.0 metre and 170.8 g/t gold and 421 g/t silver over 1.2 metres. Darren Klinck, President and CEO, said, "These recent results are significant and represent some of the highest gold and silver grades we have seen since the start of the program. The drilling continues to validate our understanding and confi- dence in the new geological interpretation of the deposit and will be fundamental to the planned updated resource estimate and engineering studies concurrent with our Feasibility Study." Results from all Bluestone surface and underground drilling will be incorporated into an updated resource estimate expected in July. Cerro Blanco Project economics, as disclosed in the company's Preliminary Economic Assessment indicate a robust project with an expected nine-year mine life producing 952,000 ounces of gold and 3,141,000 ounces of silver. Initial capital expenditures in the PEA to fund construc- tion and commissioning is estimated at US $170.8 million with all-in sustaining cash costs estimated to be US $490/oz of gold produced. Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] reported recent underground drilling continues to successfully delineate initial mining shapes that will underpin the early years of production at the Madsen Gold Project in the Red Lake mining camp of northern Ontario. Several mineralized structures were intersected with excep- tional results, establishing both vertical and lateral continuity of high-grade gold miner- alization, and locally expected to upgrade the mineral resource. New ramp develop- ment is underway, providing access to these mining shapes and to the test mining loca- tion in advance of the planned extraction of a 7,200-tonne bulk sample. Tightly spaced drilling of the bulk sample area in the McVeigh domain has defined a wide, mineralized structure with an internal zone of high-grade gold min- eralization that exhibits strong vertical and lateral continuity. Intercepts include: 57.1 g/t gold over 22.1 metres, includ- ing 232.4 g/t gold over 5.2 metres which includes 1,175.0 g/t gold over 1.0 metre (PGU-0109); 13.0 g/t gold over 4.5 metres (PGU-0092); 13.6 g/t gold over 1.5 metres (PGU-0096); and 11.8 g/t gold over 3.8 metres (PGU-0105). Drilling has also targeted high-grade gold mineralization in nearby parallel structures from both the South Austin and McVeigh domains, including: 19.6 g/t gold over 4.5 metres (PGU-0087) (South Austin); 16.6 g/t gold over 4.0 metres (PGU-0088) (South Austin); 90.2 g/t gold over 0.8 metres (PGU- 0097) (McVeigh); and 78.0 g/t gold over 1.5 metres (PGU-0103) (McVeigh). "Our objective at Pure Gold is to employ mining methods that minimize dilution and maximize profitability, rather than simply maximize tonnage throughput at the expense of grade," said Darin Labrenz, President and CEO of Pure Gold. Osisko Mining Inc. [OSK-TSX; OBNNF-OTC] provided new results from the continuing drill program at its 100%- owned Windfall Lake gold project in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The 800,000-metre drill program, began in late 2015, is now focused on infill drilling within the main Windfall gold deposit and the adjacent Lynx deposit (located imme- diately northeast of Windfall). Exploration and expansion drilling is also continuing at Windfall with several deep holes in prog- ress to investigate the down-plunge areas in and around the Underdog and Lynx zones. These results include significant new analytical results from 74 intercepts in 35 drill holes and eight wedges focused on infill drilling in the Windfall deposit. Highlights include: 20.0 g/t gold over 8.7 metres and 22.5 g/t over 4.6 metres (OSK- W-18-747-W1); 14.4 g/t gold over 11.1 metres (OSK-W-18-1472); 69.6 g/t gold over 2.0 metres (OSK-W-17-903); 19.3 g/t gold over 5.9 metres (OSK-W-18-1532); 19.0 g/t gold over 5.9 metres (OSK-W- 17-1184); 10.8 g/t gold over 9.1 metres (OSK-W-17-1125-W3); and 19.6 g/t gold over 4.0 metres (OSK-W-18-1336-W2). Skeena Resources Ltd. [SKE-TSXV; SKREF-OTC] announced additional assays from 11 holes of the Phase II underground drilling program at its 100%-owned Snip gold project in the Golden Triangle of northwest British Columbia. The 11,000-metre Phase II drilling pro- gram is being performed from the existing underground infrastructure utilizing two drill rigs. Building upon the data gathered from the recently completed 2017 Phase I campaign, the 2018 program is designed to further delineate known mineraliza- tion with low drill density and to expand newly modelled zones via widely spaced exploratory step-out drill holes. Phase II LEFT: Drilling at Contact Gold's Pony Creek gold property on the Carlin Trend, Elko County, Nevada. Photo courtesy Contact Gold Corp. GOLD

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