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Go Metals Corp (2)
Symbol GOCO
Shares Issued 25,549,504
Close 2023-11-14 C$ 0.055
Market Cap C$ 1,405,223
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Go Metals completes RC drilling program

2023-11-14 14:58 ET - News Release

Mr. Scott Sheldon reports

GO METALS COMPLETES DRILLING AND FINDS NEW EM TARGETS

Go Metals Corp. has completed the late season RC (reverse circulation) drilling program and processed initial data from the AirTEM at the HSP and KM98 nickel-copper projects, north of Havre-Saint-Pierre on the Cote-Nord of Quebec.

Highlights:

  • 14 metres of massive sulphide intercepted at Chamber North;
  • 11 new AirTEM targets;
  • Three new kilometre-scale conductive trends;
  • 37 additional claims staked at KM98 property.

A total of 242 metres were drilled over four holes at Red Mountain and Chamber North between Oct. 16, 2023, and Nov. 5, 2023. Samples have been sent for analysis to an independent laboratory to be assayed. The RC drill was chosen to evaluate shallow targets quickly and cost-effectively. The techniques developed can be used to further explore the newly identified airborne anomalies.

2023 drill hole summary

The recent phase 2 AirTEM survey completed a total of 2,291 line kilometres over the new HSP eastern extensions and the new road accessible KM98 project. A total of 11 new conductor targets over 10 hectares in size were highlighted. The largest kilometre-scale conductors discovered were on the new HSP south extension and at the southern portion of KM98.

Scott Sheldon, chief executive officer of Go Metals, said: "The main bodies of Red Mountain and Chamber North were drilled and massive sulphides were found at both, showing that we now have a likely source for the conductors. The new data will help us as we progressively characterize the geology of the complex. The AirTEM survey has detected new anomalies consistent with pyrrhotite-rich nickel sulphide along the interpreted anorthosite contact. Additionally, three new trends have been discovered that appear along a magnetic contact that have sufficient size, amplitude and conductance to make them interesting potential nickel-copper targets."

Qualified person

Hugues Longuepee, PGeo, is the qualified person (QP) for the company as defined in the National Instrument 43-101, and has reviewed the technical information presented within this news release.

About Go Metals Corp.

Go Metals targets Canadian battery metal projects to help power a sustainable future. The company's flagship HSP project has multiple nickel-copper sulphide targets within a 400-square-kilometre land package north of Havre-Saint Pierre, Que., in the Nitassinan of the Innu of Ekuanitshit.

The HSP and KM98 properties host multiple magmatic sulphide targets within a potential new nickel belt spanning hundreds of kilometres across the Havre-Saint-Pierre anorthosite complex in the Grenville province.

We seek Safe Harbor.

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