17:09:11 EDT Tue 14 May 2024
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Big Gold Inc
Symbol BG
Shares Issued 38,754,299
Close 2023-12-19 C$ 0.03
Market Cap C$ 1,162,629
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Big Gold completes Tabor historic core infill sampling

2023-12-20 10:22 ET - News Release

Mr. Scott Walters reports

BIG GOLD CONTINUES PHASE 2 EXPLORATION WITH INFILL SAMPLING OF HISTORIC CORE ON THE TABOR PROPERTY

Big Gold Inc. has completed infill sampling as part of phase 2 exploration of the Tabor property, situated within the Shebandowan greenstone belt in the northwest of Thunder Bay, Ont.

The infill sampling program was completed at the MNDM Thunder Bay core library, which houses approximately 100,000 metres of historic core from the Thunder Bay mining district. The core library provided the company access to historic core drilled in 1983 in the East Divide area, which yielded multielement potential in multiple drill holes, such as RS-83-01, which intersected 0.76 m of 24.30 grams per tonne gold, 65.10 g/t silver, 0.82 per cent copper and 3.68 per cent zinc.

Details of drill holes sampled are available herein. Samples are currently being assayed and the company expects results in early Q1 2024.

The infill sampling program provided the following at a low cost:

  • Review historic core and confirm lithology, mineralization, alteration, veining and structures previously logged;
  • Obtain photos of the historic core for future reference;
  • Infill samples (half core) in previously unsampled core (60 samples);
  • Resampled previously sampled core for confirmation of zones (26 samples);
  • Data can be used to reduce exploration and drill costs in 2024.

"We express our gratitude to the Thunder Bay core library for granting us access to the invaluable historic core, enabling us to explore additional opportunities at the Tabor project in a cost-effective manner," said Scott Walters, chief executive officer of Big Gold. "These four drill holes represent significant cost savings for the company, contributing to our comprehensive understanding of the geology and validation of drill targets for our upcoming program. The ongoing process of cutting and lab testing is under way, and we eagerly anticipate sharing our results with the market."

Phase 2 plan for priority targets:

  • Surface exploration: Additional field visits may take place to define targets for further detailed mapping and sampling of outcrops.
  • Relogging and sampling of historic core: Four historic drill holes on the property have been sampled, results are in progress.
  • Induced polarization survey: Plans are in place to conduct IP surveys, aiding in further exploration and drill target definition.
  • Drill program: Leveraging data from the summer field program, the company will refine drill targets and build a database to expedite exploration success.

About the Tabor project

Tabor is adjacent to the east, along trend of the Moss project of Goldshore Resources Inc. that hosts a current inferred resource of six million ounces gold (grading 1.02 g/t gold), including inferred 3.35 million ounces gold at a grade of 1.84 g/t gold at the Moss Lake gold deposit, and is located approximately 20 kilometres to the west of Delta Resources' Delta 1 project.

Gold mineralization on the project is reportedly associated with quartz veins, shearing and sulphides, including pyrite, pyrrhotite, sphalerite and chalcopyrite. Geological host rocks include mafic volcanics, sericite schists, felsic porphyry units and chemical sediments. Gabbro, sericite schist and bedded sediments are also reported to outcrop on the project. Geological and mineralization characteristics on the property are similar to those found on some of the company's neighbours' properties, including Goldshore Resources' high-profile Moss gold project where 2.17 g/t Au over 50.35 metres was intercepted during its recent drilling and at Delta Resources' Delta-1 gold project where it recently reported a drill intercept of 1.29 g/t gold over 97 metres.

Qualified person

Bruce Durham, PGeo, is a qualified person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

About Big Gold Inc.

Big Gold is a junior mining exploration company. Its initial focus is to conduct exploration programs on the Martin Kenty and Tabor projects located in Ontario. Big Gold will also continue to consider other opportunities as they arise, with the objective of acquiring and exploring early-stage base and precious metal projects.

We seek Safe Harbor.

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