Calgary, Alberta--(Newsfile Corp. - April 9, 2024) - Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) ("Showcase" or the "Company") is pleased to provide an update on its upcoming drilling program on its Dixie Flats-North Star Gold Project in Elko County, Nevada.
Since completing the reclamation bond process with the Bureau of Land Management ("BLM") on March 11, Showcase has procured a water source from the nearby Tomera Ranch that is sufficient for its drilling needs and has completed a nesting bird survey in order to satisfy the BLM that the drill program will be conducted in a manner that will not disturb avian gestation. Showcase also retained Legarza Exploration, an excavating contractor, which has mobilized a track-mounted excavator on the drill site in order to prepare drill-sumps. The Company expects to commence drilling during the week of April 22, 2024.
Showcase's Chief Executive Officer, Kirk Reed, remarked, "We are pleased that preparation for drilling has proceeded efficiently and that Showcase remains on schedule for its April drill program. We are very optimistic about our maiden drill program at Dixie Flats-North Star, where a clear trend of mineralization near to historic drilling has been identified that aligns with the regional mineralization of the Rain mine to the northwest and Orla Mining Ltd.'s Dark Star deposit approximately 1.5 miles south of the southwest end of the property."
About the Dixie Flats-North Star Gold Project:
The Dixie Flats-North Star Property (the "Property" or "Dixie Flats") is located on the east side of the Piñon Mountains, 21 air-miles south of the City of Elko in northeast Nevada. It is a combination of two claim blocks, the Dixie Flats group of claims and the North Star group of claims. The Property is comprised of a total of 236 total unpatented mineral claims on Federal land administered by the US Bureau of Land Management ("BLM").
The Property lies on the southern margin of the Carlin Trend, a northwest-trending belt of sediment-hosted gold deposits that makes up the greatest geographic concentration of gold deposits in North America, with reported production of more than 92.5 million ounces of gold since 1961 (Muntean, 2019). The Dixie Flats-North Star Property is underlain by rocks known to host gold mineralization on the Carlin Trend, and surface sampling has shown anomalous gold, silver, arsenic, antimony, and mercury levels in rock, soil, and biogeochemical samples from the Property, which is a characteristic geochemical signature of Carlin-Type gold deposits.
The Dixie Flats-North Star Gold Project is approximately three miles south of Newmont Mining Company's Emigrant Springs Mine, which finished production in 2018, and approximately 4.5 miles southeast of the past producing Rain Mine. Both deposits are hosted in dissolution breccia zones at the contact between the Webb mudstone, the basal unit of the overlying assemblage, and the underlying Devils Gate limestone. Prior exploration on the Dixie Flats -North Star Property has been focused on delineating this contact at depth and discovering possible extensions to the regional structures controlling mineralization at the Rain and Emigrant Mines and their demonstrated extension to the Dixie Flats-North Star Property. The information on the adjacent projects is taken from publicly available sources and is not necessarily indicative of the mineralization on the Dixie Flats-North Star Property.
Additional information on the Dixie Flats-North Star Gold Project can be found in the National Instrument 43-101 ("NI 43-101") technical report entitled "Technical Report on the Dixie Flats-Northstar Gold Exploration Property", Elko, Nevada, dated September 21, 2022, which has been filed on SEDAR+ at www.sedarplus.ca.
Qualified Person:
Mr. Steve McMillin, M.Sc., C.P.G. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this news release.
About Showcase Minerals Inc.:
Showcase is a Canadian mineral exploration company with an exclusive option to acquire a 100% interest in Dixie Flats-North Star Gold Project and the Woodruff Gold-Vanadium Project (subject to various net smelter returns royalties ranging from 2.25% to 4.25%), which collectively consist of unpatented 254 lode mining claims covering approximately 1,818 hectares located in Elko County, Nevada.
For further information, please contact:
Kirk Reed, President
Showcase Minerals Inc.
Telephone: 1-800-982-0670
Neither the CSE nor its Market Regulator (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this news release.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204883
SOURCE: Showcase Minerals Inc.
