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Big Gold Inc
Symbol BG
Shares Issued 38,754,299
Close 2024-03-22 C$ 0.03
Market Cap C$ 1,162,629
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Big Gold talks geophysical program at Tabor

2024-03-25 13:05 ET - News Release

Mr. Scott Walters reports

BIG GOLD PROVIDES UPDATE ON GEOPHYSICAL WORK ON THE TABOR PROJECT ADJACENT TO GOLDSHORE'S PLANNED SUMMER DRILLING AT VANGUARD

Big Gold Inc. is focusing its initial geophysical survey work on the west-central portion of its Tabor property, adjacent to its shared boundary with Goldshore Resources Inc. Goldshore today announced it will complete a summer exploration drilling program on the Vanguard area of its adjacent property, an area that hosts base metal and precious metal mineralization and located proximal to the area currently being surveyed by Big Gold.

Scott Walters, chief executive officer of Big Gold, remarked: "We will be in a position to create updated models once we have combined the new survey results with our existing database and that will help us better define our initial drilling campaign, which we expect to launch midyear. Information from the work being carried out by neighbours like Goldshore, which we now know will include drilling in the area of our shared boundary this summer, and Delta Resources, who are working to the east of us, will be of help to us, and we feel there is a strong likelihood that the host rocks of Goldshore's Vanguard trend continue onto our property."

About the geophysical program

The property, located in the heart of the Shebandowan greenstone belt, northwest of Thunder Bay, Ont., is known to host quartz-sulphide-associated gold mineralization and that style of gold mineralization as well as base metal mineralization is well suited for detection using induced polarization (IP) and resistivity survey techniques being employed by the company.

Initial areas surveyed have returned highly anomalous readings, indicating the presence of very chargeable bedrock containing sulphides and/or graphite. Further evaluation of the data will be completed as the survey progresses and after it is completed.

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

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 of gold grading 1.23 grams per tonne and an inferred resource of 5,198,000 ounces of gold at a grade of 1.11 grams per tonne ("Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada," released on March 20, 2024, and prepared by Michael B. Dufresne, MSc, PGeol, PGeo, and Warren E. Black, MSc, PGeo, of Apex Geoscience). Tabor is also located approximately 20 kilometres to the west of Delta Resources' Delta-1 project.

Gold mineralization on the project is, at least in part, 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 grams per tonne gold over 50.35 metres, and at Delta-1, where Delta Resources recently (March 1, 2024) reported a drill intercept of 15.94 grams per tonne gold over 10 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 confirms he has read and approved the technical information contained in this press release.

Note: The project is at an early stage of exploration, and the company cautions that the qualified person who has reviewed and approved this news release has not verified scientific or technical information produced by third parties and proximity to projects containing gold resources offers no assurance that the rock types, mineralization or gold resources reported by Goldshore and others extend onto the company's project and such proximity is not necessarily indicative of the mineralization reported by third parties with projects in the district.

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 metal and precious metal projects.

We seek Safe Harbor.

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