Big Gold provides update on maiden drill program at Tabor Property near Shebandowan
Big Gold Inc. has announced that initial priority drill targets have been outlined for the company's upcoming maiden drill program at the Tabor Project in the Shebandowan Greenstone Belt in Northwestern Ontario.
The company is currently planning to drill a minimum of 1,500 metres in its inaugural drill program at Tabor, which is immediately adjacent to Goldshore's Moss Gold Project 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* ("Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada" prepared by Michael B. Dufresne M.Sc., P.Geol., P.Geo., and Warren E. Black, M.Sc., P.Geo., of APEX Geoscience, March 21, 2024). The planned diamond drill program will test specific chargeability/resistivity anomalies outlined in the data collected in the Induced Polarization (IP) and resistivity survey completed earlier this year, as well as follow-up compilation and geological reviews of historic work from the East Divide and Cornell targets (Figure 2).
Scott Walters, CEO of Big Gold, remarked: "Our technical team has been working diligently with our 2D and 3D geological databases and has been finalizing the drill targets for our maiden drilling program. We have outlined four top priority drill targets among numerous others that cover a strike length of 7.5 kilometres along the gold trend in the Shebandowan Greenstone Belt. We are excited that our neighbours, Goldshore Resources, will also be drilling right next door this summer."
Figure 1: Tabor Project in the Shebandowan Greenstone Belt with Regional Claim Holders
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Figure 2: Tabor Project Priority Drill Targets, 2024
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The Company expects to conduct on-site ground truthing and evaluation of various IP generated targets and historical work in the coming weeks to help identify refined drill pad locations prior to commencing the maiden drilling campaign.
Big Gold also announces that it has filed an amended Offering document related to the Listed Issuer Financing Exemption that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.biggold.ca.
Prospective investors should read this amended offering document before subscribing for any securities issued in connection with the Offering.
About the Tabor Maiden Drill Program Targets
The technical team has been building a 2D and 3D database with compiled historical and new data gained from Big Gold's exploration programs, including surface sampling, infill sampling, and the ground IP survey. The technical team is planning a spring site visit to complete ground truthing IP targets and finalize drill pad locations for the summer drill program.
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.
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