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Big Gold Inc
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Big Gold begins geophysical work at Tabor

2024-03-08 09:36 ET - News Release

Mr. Scott Walters reports

BIG GOLD COMMENCES GEOPHYSICAL WORK ON TABOR GOLD PROJECT IN ADVANCE OF PLANNED DRILLING

Big Gold Inc. has mobilized a geophysical crew to gather data in preparation for a 2024 core drilling program on the Tabor property, located in the heart of the Shebandowan greenstone belt, northwest of Thunder Bay, Ont.

The geophysical crew will focus this phase of fieldwork on the collection of induced polarization (IP) data and resistivity data in areas that include the East Divide zone where Big Gold recently reported infill and resampling results on historical core of up to 1.5 metres of 10.9 grams per tonne gold, 34.1 g/t silver, 0.5 per cent copper and 1.8 per cent zinc, including 0.8 m of 20.8 g/t Au, 56.9 g/t Ag, 0.7 per cent Cu and 3.3 per cent Zn.

2024 geophysical rationale

Gold and base metal mineralization in the Shebandowan area, and more specifically on the Tabor project and on the neighbouring properties, are most often related to geological units that exhibit higher concentrations of sulphide mineralization and shearing.

The geophysical technique of collecting IP and resistivity data is perfect for defining target areas that contain more abundant concentrations of sulphide minerals that are often associated with areas with more gold mineralization.

Recently announced resampling of historic drill core from a 1983 program (mentioned above) confirmed that the highest concentration of gold mineralization in the historic drill core is associated with much more abundant sulphide minerals, including pyrite (iron sulphide), sphalerite (zinc sulphide) and chalcopyrite (copper sulphide). Knowing this association makes the collection of IP and resistivity data a critical tool in the definition of drill targets for the planned summer drill program.

"The mobilizing of our geophysical crew to the Tabor property to gather additional data that will be used in conjunction with all of the other data we have on the property, marks the start of our fieldwork for 2024. Once we have this geophysical data collected and compiled and we have had a chance to ground-truth some of the targets, we will be in a position to create updated models that will help us better define our initial drilling campaign which we expect to launch midyear," remarked Scott Walters, chief executive officer of Big Gold. He added, "Information from the work being carried out by neighbours like Goldshore and Delta will help us with our modelling and program implementation, and we feel there is a strong likelihood that the host rocks of Goldshore's gold trend continue onto our property."

About the Tabor project

Tabor is adjacent to the east, along trend of Goldshore's Moss Lake gold deposit that hosts current inferred or higher category mineral resources of 6.73 million ounces gold, including an indicated resource of 1,535,000 ounces gold grading 1.23 g/t and an inferred resource of 5,198,000 ounces gold at a grade of 1.11 g/t and Tabor is located approximately 20 km to the west of the Delta Resources Ltd. Delta-1 project.

Gold mineralization on the project is believed to be associated with quartz veins, shearing and more abundant sulphides. Geological and mineralization characteristics at Tabor are similar to those found on some of the neighbouring properties, including Moss Lake, where a recent drill hole intersected 2.17 g/t Au over 50.35 m was reported, and at Delta-1, where Delta Resources recently (March 1, 2024) reported a drill intercept of 15.94 g/t Au over 10 m.

Qualified person

Bruce Durham, PGeo, is a qualified person, as that term is defined by Canadian regulatory guidelines under NI 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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