Vancouver BC, February 9, 2021 – MAS Gold Corp. (“MAS” – TSX-V:MAS) is pleased to announce that the 2021 Greywacke Lake drilling program commenced on schedule, with the first core drill hole collaring on January 28th and a second drill beginning February 5th. Drilling is currently focused on infill and step outs holes at the known Greywacke North deposit. To date MAS has completed five drill holes, with the first core samples in transport to TSL Labs Inc. in Saskatoon for assaying.
Mr. David Tupper, Vice President of Exploration for MAS states “Drilling is progressing very well and we are pleased with the rapid execution exhibited by our principal project contractor Axiom Exploration and drill contractor ITL Diamond Drilling Ltd.” Mr. Tupper continues “We are excited with what we are seeing so far and are expecting initial results back from the assay lab in early March.”
Site preparations are continuing on the Greywacke Lake property to allow moving the second drill to begin drilling by week’s end at the Lyons Zone, roughly 600 metres along strike to the southwest from the Greywacke North deposit area. In addition, site preparations have begun at the Preview North Property in anticipation of planned drill programs later in March at the North Lake deposit and Point deposit areas.
About MAS Gold Corp.
MAS Gold Corp. is a Canadian mineral exploration company focused on road-accessible exploration projects located in the La Ronge Gold Belt of Saskatchewan. MAS Gold’s Greywacke and Preview North Gold Projects are located within 10 km of Highway 102, approximately 60 km west of the producing Seabee and Santoy gold mines operated by SSR Mining Inc.
The Greywacke North gold deposit for which a Mineral Resource of 255,500 t at 9.92 g Au/t has been estimated in the Indicated category, plus an Inferred Mineral Resource of 59,130 t at 7.42 g Au/t, at a cut-off grade of 5 g Au/t (see MAS Gold’s NI 43-101 Technical Report of June 1, 2016) is one of several known stratabound, high-grade gold-bearing zones on the Greywacke Lake Property.
The North Lake gold deposit, located on the Preview North property, has an Inferred Mineral Resource estimated at 417,000 ounces of gold contained in 14,110,000 t grading 0.92 g Au/t; see MAS Gold’s News Release dated March 25, 2020 and the NI 43-101 Technical Report dated April 10, 2020.
Qualified Person (QP)
The scientific and technical information contained in this news release has been prepared, reviewed, verified and approved by David Tupper, P.Geo. (British Columbia), Southern Empire’s VP Exploration and a Qualified Person within the context of Canadian Securities Administrators’ National Instrument 43-101; Standards of Disclosure for Mineral Projects.
On behalf of the Board of Directors of MAS Gold Corp.,
Jim Engdahl, President & CEO
MAS Gold Corp.
Suite 420 – 789 West Pender Street
Vancouver, British Columbia
Canada, V6C 1H2
For more information, please contact:
Lubica Keighery, VP Corporate Development
Cautionary Notice on Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. MAS Gold cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to MAS Gold’s limited operating history, the need to comply with environmental and governmental regulations, results of exploration programs on their projects and those risks and uncertainties identified in each of their annual and interim financial statements and management discussion and analysis. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, MAS Gold undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.