2023-11-01 05:08:03
VANCOUVER, BC / ACCESSWIRE / November 1, 2023 / Earthwise Minerals Corp (CSE:WISE)(FSE:966) (“Earthwise” or the “Company”) a progressive Canadian gold exploration company is excited to announce its comprehensive exploration strategy for the Wilson gold property in Verneuil Township, Quebec. This initiative comes at a time of robust growth in the gold market and Earthwise believes it is poised to make significant advancements.
The Wilson property, encompassing 42 contiguous mining claims spread across approximately 1,660 hectares, is located just 175 kilometers northeast of the city of Val-d’Or, a key mining and service center in Northwestern Québec. Year-round accessibility to the property via a network of gravel roads ensures uninterrupted access.
CEO Patrick Morris stated, “We are thrilled to embark on the next chapter of Wilson’s development as we enter this robust gold market. Between the mid-1990s and mid-2010s, drilling on 113 holes covering over 20,000 meters expanded the Wilson project to seven gold showings. And, most recently, an approximately 8,500-meter campaign further defining the deposit was completed in 2021 and 2022. Our focus now is to expand further on defining a significant resource, discovering the full potential of the Wilson property, and becoming contenders in the area.”
The focal point of the Wilson gold project is the Toussaint showing. This area contains the most significant gold mineralization in the region. The various drilling campaigns that were completed in the past made it possible to determine that the Toussaint showing is a roughly oval shaped mineralized body containing calculated inferred geological reserves of 187,706 tonnes at 7.1 g / t gold. This mineralization is in a shear zone with an average thickness of five to six meters. The shear zone strikes NE-SW and dips steeply to the northwest, the zone is well exposed, and it has been followed for at least 250 meters.
Earthwise is undertaking a comprehensive three phase work program. The first phase involves compiling historical results and obtaining drilling permits. The second phase comprises a surface work program, while the third phase entails a proposed 4,000-meter diamond drill program.
To enhance exploration precision, Earthwise plans to commission a 3D compilation, providing a spatial perspective on historical results and geophysical data. Rock sample analysis and drill hole logs will be integrated into this 3D model, facilitating characterization of mineralized zones. Additionally, soil and the till sampling, combined with geophysical data, will identify additional drilling targets.
The upcoming drilling campaign aims to extend the existing mineralized gold system, to add information for an NI 43-101 report, intercept the gold system at greater depth, explore new geophysical IP targets, and test the high-grade intercepts.
Qualified Person
The technical information in this news release has been reviewed and approved by George Yordanov P.Geo., Mr. Yordanov is a “Qualified Person” under NI 43-101 and a Director and the Vice President of Exploration for Earthwise Minerals Corp.
About Earthwise
Earthwise Minerals Corp. is a Canadian gold exploration company focused on its Wilson Gold Project that’s situated in one of the world’s most prolific gold belts, the Abitibi Greenstone Belt in Quebec. The Wilson property is in the Verneuil Township of Quebec, approximately 15km east of the town of Lebel-sur-Quévillon. The Wilson property is about 175 kilometers northeast of the city of Val-d’Or, a major mining and service center in Northwestern Québec. Access to the property is provided year-round by a network of gravel roads. Wilson consists of 42 contiguous mining claims totaling approximately 1,660 hectares.
ON BEHALF OF THE BOARD
EARTHWISE MINERALS CORP.
1000 – 409 Granville Street, Vancouver, BC V6C 1T2
“Patrick Morris”
Patrick Morris, Chief Executive Officer
Patrick Morris
President, CEO, Director
Tel: 604-602-0001
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www.earthwiseminerals.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains certain forward-looking statements. The use of the word “expected”, “projected”, “pursuing”, “plans” and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release include statements regarding: the Company’s option to acquire the Wilson Gold Project and the Company’s expectations for exploration of that property and the Company’s Wilson property. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events, or results, or otherwise, except as required by applicable securities laws.