08:12:02 EDT Sun 05 May 2024
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Big Gold Inc
Symbol BG
Shares Issued 39,204,299
Close 2024-04-24 C$ 0.04
Market Cap C$ 1,568,172
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Big Gold outlines priority drill targets at Tabor

2024-04-24 11:54 ET - News Release

Mr. Scott Walters reports

BIG GOLD PROVIDES UPDATE ON PLANNED MAIDEN DRILL PROGRAM AT THE TABOR PROPERTY ADJACENT TO GOLDSHORE'S MOSS LAKE PROJECT

Big Gold Inc. has outlined initial priority drill targets for the company's coming maiden drill program at the Tabor project in the Shebandowan greenstone belt in Northwestern Ontario.

The company is currently planning to drill a minimum of 1,500 metres in its inaugural drill program at Tabor, which is immediately adjacent to Goldshore Resources Inc.'s Moss gold project 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 grams per tonne and an inferred resource of 5,198,000 ounces gold at a grade of 1.11 g/t ("Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada" prepared by Michael B. Dufresne, MSc, PGeol, PGeo, and Warren E. Black, MSc, PGeo, of Apex Geoscience, dated March 21, 2024). The planned diamond drill program will test specific chargeability/resistivity anomalies outlined in the data collected in the induced polarization (IP) and resistivity survey completed earlier this year, as well as follow-up compilation and geological reviews of historic work from the East Divide and Cornell targets.

Scott Walters, chief executive officer of Big Gold, remarked: "Our technical team has been working diligently with our 2-D and 3-D geological databases and has been finalizing the drill targets for our maiden drilling program. We have outlined four top-priority drill targets among numerous others that cover a strike length of 7.5 kilometres along the gold trend in the Shebandowan greenstone belt. We are excited that our neighbours, Goldshore Resources, will also be drilling right next door this summer."

The company expects to conduct on-site ground truthing and evaluation of various IP-generated targets and historical work in the coming weeks to help identify refined drill pad locations prior to commencing the maiden drilling campaign.

Big Gold has filed an amended offering document related to the listed issuer financing exemption that can be accessed under the company's profile on SEDAR+ and on the company's website.

Prospective investors should read this amended offering document before subscribing for any securities issued in connection with the offering.

About the Tabor maiden drill program targets

The technical team has been building a 2-D and 3-D database with compiled historical and new data gained from Big Gold's exploration programs, including surface sampling, infill sampling and the ground IP survey. The technical team is planning a spring site visit to complete ground truthing IP targets and finalize drill pad locations for the summer drill program.

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 million 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 kilometres to the west of Delta Resources Ltd.'s Delta-1 project (technical report filed March 21, 2024; Goldshore's website).

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 Goldshore's Moss Lake project, where a recent drill hole intersected 2.17 g/t gold over 50.35 m and at Delta-1, where Delta Resources recently (March 1, 2024) reported a drill intercept of 15.94 g/t gold over 10 m.

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. Learn

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