Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - Big Gold Inc. (CSE: BG) (FSE: H7L) (the "Company" or "Big Gold") is pleased to announce that drilling has commenced on the East Divide at the Tabor Property located on the highly prospective Shebandowan Greenstone Belt in Northwestern Ontario.
Over 100m have been drilled in the program and the second drill hole is underway on the first planned drill pad for the program, located on the highly prospective Shebandowan Greenstone Belt in Northwestern Ontario (Figure 1).
Figure 1: Laframboise Drilling setup on Pad 1, Tabor Property.
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The up to 1,200 metres of the maiden drill program, is focusing on the East Divide Target Zone which sampled 11.4 g/t Gold (Au) from surface during Phase 2 exploration and 1.46 metres of 10.9 g/t Au, 34.1 g/t silver, 0.5% copper, and 1.8% zinc from historical infill drilling.
"Our drilling team has made excellent progress so far. Our initial assessments of the core show lots of scattered sulphides throughout and we appear to have intersected the shear zone near surface. Observations also show that the core is very altered, very bleached, with scattered stringers with Po+Py. Our technical team will begin logging and readying core for the assay lab," said Scott Walters, CEO of Big Gold.
About the Tabor Project
Tabor is adjacent to the east, along trend of Goldshore's Moss Lake gold deposit that hosts current inferred or higher category mineral resources of 6.73 million ounces gold, including an Indicated Resource of 1.535 million ounces gold grading 1.23 g/t and an Inferred Resource of 5.198 million ounces gold at a grade of 1.11 g/t* and Tabor is located approximately 20 km to the west of the Delta Resources Delta-1 Project ("Delta-1")* (Technical Report filed March 21, 2024 www.goldshoreresources.com).
Gold mineralization on the Project is, at least in part, associated with quartz veins, shearing and more abundant sulphides. Geological and mineralization characteristics at Tabor are similar to those found on some of the neighbouring properties, including Goldshore's Moss Lake project where a recent drill hole intersected 2.17 g/t gold over 50.35 m and at the Delta-1, where Delta Resources Limited recently (March 1, 2024) reported a drill intercept of 15.94 g/t gold over 10 m.
Qualified Person
Bruce Durham, P.Geo., is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101 and confirms he has read and approved the technical information contained in this press release.
*The Project is at an early stage of exploration, and the Company cautions that the qualified person who has reviewed and approved this news release has not verified scientific or technical information produced by third parties, and proximity to projects containing gold resources offers no assurance that the rock types, mineralization or gold resources reported by Goldshore and others extend onto the company's project and such proximity is not necessarily indicative of the mineralization reported by third parties with projects in the district.
About Big Gold Inc.
Big Gold Inc. is a junior mining exploration company. Its initial focus is to conduct exploration programs on the Martin Kenty and Tabor projects located in Ontario. Big Gold will also continue to consider other opportunities as they arise, with the objective of acquiring and exploring early-stage base and precious metal projects. Learn more about the Company on its website: https://biggold.ca/.
For more information, please contact investor relations at investors@biggold.ca.
On Behalf of the Board of Directors,
Scott Walters
President and CEO
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results.
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SOURCE: Big Gold Inc.
