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79North Inc. to Commence First Phase of Drilling at the Nassau Gold Project, Suriname
May 11, 2021 11:13 ET | Source: 79North Inc. 79North Inc. Toronto, Ontario, CANADA
TORONTO, May 11, 2021 (GLOBE NEWSWIRE) 79North Inc. (CSE: JQ; OTCQB: SVNTF; FRA: 6120) (“79North” or the “Company”) is pleased to announce that on May 6, 2021 it has signed a contract for diamond drilling services for the first phase of drilling at the Nassau Gold Project, Suriname. It is anticipated that the drilling will commence in early June once access roads and drill pads have been constructed.
Since 2020 the company has been exploring several gold targets at the Nassau gold project. The exploration results from the Witlage Target have been described in recent press releases and include surface samples with up to 27.98 grams gold per tonne from a gold zone that has been traced for 300 metres (https://79north.ca/wp-content/uploads/2021/01/79North
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The Company’s 70%-owned Nassau gold project is located 20 kilometres south of Newmont Corporation’s Merian gold mine and 60 kilometres east of Iamgold Corporation’s Rosebel gold mine. The Nassau gold project has similar geological stratigraphy and structures as both the Rosebel and Merian gold mines (see Press Release August 11, 2020 https://79north.ca/wp-content/uploads/2020/12/11-August-commencement-of-exploration-at-Nassau-gold-project-FINAL.pdf).
The results of the initial forty-five rock chip samples from the Witlage Target were described in an earlier press release (https://79north.ca/wp-content/uploads/2021/01/79North-publishes-initial-sampling-results-from-the-Nassau-Project.pdf). This Press Release describes the results from an additional 33 samples collected at the Witlage Target.
Witlage Gold Zone