About Gold’n Futures Mineral Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian based exploration company focused on advanced stage gold projects within Canada. In central Canada, its Hercules gold project is located 200 km northeast of Thunder Bay, Ont., in the townships of Elmhurst and Rickaby, within the Thunder Bay North Mining District. The Project is in the heart of the Beardmore – Geraldton gold mining camp, the 4th largest gold camp in Ontario and is 40 km west of the Hardrock-Greenstone gold mine. The Property comprises 475 contiguous claim cells (10,052 ha). From the historical work completed on the property, the Company has built an extensive database including reconnaissance grab samples; channel samples; a variety of geophysical surveys; and a drill hole database that includes historical and current drilling totalling in the order of 570 holes and 114,000 m of available drill core.
Gold’n Futures’ Brady gold project is located 50 km south of the town of Grand Falls – Windsor in central Newfoundland and is approximately 4 kilometres west of the New Found Gold Corp. – Queensway South gold project. The Brady comprises 2 mineral licences covering approximately 950 hectares within which the Reid Gold Zone is the main area of historical exploration and known mineralization.
A historical mineral resource estimate (“MRE”) was prepared in September 2012 (“Giroux, G.H., P.Eng. and Froude, T., P.Geo.. 2013, Form 43-101F, Technical Report for the Reid Zone Resource Estimate, Brady Project”) and currently would be regarded as a historical estimate. The MRE produced an Inferred Resource of 9.57 million tonnes averaging 0.56 g/t Au for a rounded total of 173,000 ounces of gold. The above resource was at 0.3 g/t Au cut off, based on 21 holes totaling 4,699 m and 1,486 samples. The deposit remains open down dip and along strike and additional drilling is required to expand the zone.
Brady Gold
PROJECT HIGHLIGHTS
- Gold’n Futures holds 100% interest in the Brady Gold Property
- Property consists of 2 mineral licences, comprising 950 ha;
- The claims protect about 4½ km of favorable gold-related regional structure;
- Strategically located in the same structural belt as and only about 2 km west of New Found Gold Corp.’s huge Queensway property;
PROJECT DESCRIPTION
The Project is located 50 kilometers (“km”) south of the town of Grand Falls – Windsor in central Newfoundland and is approximately 2 km west of the New Found Gold Corp. – Queensway gold project boundary. The Brady property comprises two mineral licenses covering approximately 950 hectares within which the Reid Gold Zone is the main area of historical exploration and known mineralization.
The Reid Gold Zone is classified as an intrusion-hosted style of gold mineralization. Several episodes of diamond drilling totaling 30 diamond drill holes and 6,350 meters (“m”) of core have defined the zone over a strike length of 300 m, a width of 250 m and to a vertical depth of 225 m and the zone is reportedly open along strike and to depth.
The last reported diamond drilling on the Reid Gold Zone was in 2011 when Golden Dory Resources Corp. completed an additional 2,638.54 m of core in eight holes (BO-11-23 to 30) and extended BO-09-16 by an additional 147.08 m as the hole had been terminated in mineralization in 2009. The program was reportedly successful and encountered some of the best grades drilled to date including BO-11-25 which intersected 25.45 m grading 1.48 g/t Au including 7.80 m grading 3.62 g/t Au.
A historical mineral resource estimate (“MRE”) was prepared in September 2012 (“Giroux, G.H., P.Eng. and Froude, T., P.Geo.. 2013, Form 43-101F, Technical Report for the Reid Zone Resource Estimate, Brady Project”) and currently would be regarded as a historical estimate. The MRE produced an Inferred Resource of 9.57 million tonnes averaging 0.56 g/t Au for a rounded total of 173,000 ounces of gold. The above resource was at 0.3 g/t Au cut off, based on 21 holes totaling 4,699 m and 1,486 samples . The deposit remains open down dip and along strike and additional drilling is required to expand the zone.
The historical resource estimate for the Reid Zone is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities:
- a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and,
- Gold’n Futures is not treating the historical estimate as current mineral resources or mineral reserves.
Establishing a current mineral resource estimate on the Property will require further evaluation, which the Company and its consultants intend to complete in due course.
NEXT STEPS
Gold’n Futures is planning to initiate exploration on the Brady Gold Project. Compiling has commenced on the historical geological, geophysical and geochemical studies with the view of targeting certain unexplained gold and arsenic, and geophysical anomalies that occur outside of the Reid Gold Zone. Fieldwork will begin once the compilation is completed to explore for altered and/or mineralized rocks in float or bedrock.
Coincident with the above, Gold’n Futures will be laying out plans for diamond drilling to infill and expand upon the historical resources of the Reid Zone, and to test any new occurrences discovered by its field programs.
For more information, please visit our website at: www.goldnfuturesmineralcorp.com.
For more about the activity in Newfoundland and to view the digital map, go to https://digigeodata.com/area/newfoundland/