Sep 24 2020
Gold Plus Mining Inc. is happy to announce that Longford Exploration Services has been selected to assist the company in preparing a work program for its fully owned Lawyers East and West claim blocks that are adjoining Benchmark Metal’s Lawyers Gold and Silver project in British Columbia’s well-known “Golden Horseshoe” region.
Map of Gold Plus’s properties in relation to Benchmark’s Lawyers property and nearby deposits. Image Credit: Gold Plus Mining Inc.
The “Golden Horseshoe” region has recently reported drilling intercepts of 11.30 g/ton gold and 2,360 g/ton silver across a 1 m interval and also 1.44 g/ton gold equivalent over 102 m.
The preliminary work program will be based on a collation of historic work from the Lawyer East and West claims and neighboring projects that are currently ongoing. After data collation, a field program will be designed to complement the latest discoveries and historic work in the region.
The field program will target the geologic mapping and sampling of extremely prospective and mineralized regions and may involve geochemical surveying. Samples will be procured from mineralized regions and examined for precious metals content soon after fieldwork is concluded.
The New Marmot Zone
The discovery of the new Marmot Zone by neighboring Benchmark Metals was announced on August 27th 2020. The Marmot Zone comprises mineralized structures wide zones of veining, alteration, and sulfide mineralization, yielding samples of up to 3,890 g/ton silver and 61.3 g/ton gold.
The Marmot zone discovery is trending South East from Benchmark Metals’ preliminary Cliff Creek zone discovery and towards Gold Plus Mining’s Lawyers East claim block that is adjoining the South East of Benchmark Metals’ Lawyers property.
The above-stated information indicates the exploration potential of the Lawyers East claim block and may not be representative of anticipated results.
With Gold prices recently exceeding $2,000 per Oz and multiple recent gold discoveries on neighboring claims, we are excited about the potential of our highly prospective Lawyers East and West claims. Gold Plus now has three projects in some of the most prolific mining camps in Canada: the Golden Triangle in British Columbia, the Red Lake mining camp in northwest Ontario, and the Abitibi region of Quebec.
Spencer Smyl, President and CEO, Gold Plus Mining Inc.
Smyl continued, “We plan to conduct work programs on all three properties in order to obtain samples and define priority targets for upcoming drill programs.”
About the Lawyers East and West Claims
Gold Plus Mining’s Lawyers East and West mineral claims cover about 8,650 acres and are on-trend with numerous mines defined in the area, situated at the south-eastern side of Benchmark Metals’Lawyers property, below TDG Gold Corp’s Baker Mine and Shasta Mine and in line with the “Kemess” Mine further South East hosting an equivalent of 2.7M oz of gold. Mineralization hosted on neighboring and/or nearby properties is not essentially indicative of the mineralization hosted on the properties.
Recently, the adjacent Benchmark Metals announced an increase from 50,000 m to 100,000 m of drilling for 2020 and a 200,000 m-drill program for 2021. Benchmark Metals expects to determine a five-million-plus-ounce resource by the first half of 2021, which would be followed by initial economic studies later in 2020.
Gold Plus Mining’s property comprises extremely prospective rocks in the northeastern area of the abundant metal-endowed Stikine Terrane, British Columbia, Canada. According to Logan and Mihalynuk (2014), magmatic events in Stikine at the time of the Late Triassic and Early Jurassic were the fueling source for the development of mineralizing porphyry and epithermal systems.
The Golden Horseshoe
The same mineralizing and magmatic events are seen on both the west and east sides of the Bower Basin, creating an arch of gold and polymetallic mineralization. This arch is shown here as the “Golden Horseshoe,” which comprises the Golden Triangle.
Gold Plus Mining has currently completed the arm’s length share purchase agreement with 1258512 BC Ltd. (NumberCo) and the shareholders of NumberCo (Vendors), pursuant to which Gold Plus Mining has agreed to procure all of the issued and outstanding shares of the NumberCo from the Vendors.