Gold’N Futures Identifies Initial Area of Priority GOLD Targets at the Hercules Project in Northern Ontario
789 West Pender St., Suite 810
Vancouver, BC V6C 1H2
Tel: 604-687-2038
www.goldnfuturesmineralcorp.com
NEWS RELEASE CSE: FUTR
OTC: GFTRF
June 8, 2021 FSE: G6M
GOLD’N FUTURES IDENTIFIES INITIAL AREA OF PRIORITY GOLD TARGETS AT THE
HERCULES PROJECT IN NORTHERN ONTARIO
VANCOUVER, BC -- (Newsfile – June 8, 2021) Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M), (OTC:
GFTRF) (the "Company” or “Gold’n Futures”) is pleased to report that the compilation of historical data
on the Hercules Gold Property has identified a large area encompassing several gold targets for
exploration and resou rces expansion (“Area A”). Area A measures approximately 2,100 metres (“m”)
long by 800m wide (Area A is depicted below in Figure One) . Several partially delineated vein
occurrences are contained within Area A that require further mapping, sampling and diamond drilling.
In addition, a significant zone bearing favorable geological and geophysical characteristics for gold
mineralization is recognized within Area A along the northern contact of the Elmhurst Intrusive Complex
and metavolcanic units.
“We are particularly intrigued that, so early in the data compilation process, a
substantial target area has been recognized and is made up of many zones related to the
gold systems at the Hercules Gold Property . Area A has the potential to positively
impact the gold endowment at the Hercules Gold Property. Area A has characteristics
that make it clearly a priority for additional study, including prospecting, mapping,
trenching, sampling and ultimately drilling,” commented Stephen Wilkinson, President
and CEO.
The team of geologists engaged by Gold’n Futures are collecting and compiling all available data files
with the intention of assem bling a comprehensive database on the extensive Hercules Gold P roperty
and the surrounding area . The compilation of thousands of files includes historical prospecting,
government mapping and reports, previous exploration programs and hundreds of assessmen t files .
The Company is completing this data compilation in order to build a single model for its development of
priority targets. Even though the compilation of all historical data has not completed , the Company
continues to identify exciting areas of investigation on the Hercules Gold Property . In particular, the
team is finding many gaps in the historical resource zones all of which occur within a small area
amounting to less than 5% of the Hercules Gold Property.
Area A and its Target Zones
Area A me asures 2,100-metres in length by 800 -metres in width outlining 168 -hectares. Significantly,
Area A captures magnetic high features ( the magnetic high features are shown as the red shapes i n
Figure One) recognized to be associated with the gold systems at the Hercules Gold Property. Area A,
which encompasses Targets 1 and 3 , is defined to investigate the closely spaced, stacked relationship of
six known gold zones and the broader contact zone for its bulk tonnage potential.
Gold’n Futures Mineral Corp. June 8, 2021
Page 2 of 4
Target 1: is the broad hybrid contact zone of the Elmhirst L ake intrusion and volcanic host units.
This contact zone is framing a structural setting essentially parallel to the Yellow Brick
Road and Penelton gold vein systems. Importantly, this area has not been drilled in
the past. Map P801, the preliminary provincial geological map of Elmhirst Township ,
shows the approximate location of this intrusive contact. However , outcrops of the
contact were not mapped, likely due to a scarcity of exposures. The contact has good
geophysical indicators for gold mineralization including its elevated magnetic signature ,
and the trend of the intrusive contact is also striking north-west and may be structurally
controlled much like the gold veins system located just to the south.
Target 3: comprises six mineralized zones or veins which include the Marino, Miron, 7 of 9, Yellow
Brick Road, Penelton and Wilkinson Lake gold zones. The Marino gold zone was
intermittently d rilled in the past and hosts a historical Inferred resource estimate of
57,800 tonnes grading 1.73 g/t Au for 3,220 ounces (“oz”) of gold. The Wilkinson Lake
gold zone contain s a historical I ndicated estimate of 11,860 oz of gold contained in
39,900 tonnes grading 6.09 g/t Au and an Inferred resource 17,400 tonnes grading 7.24
g/t (*see Cautionary Note ). In addition, a ll of the Target 3 gold zones are far from
delineated by mapping, trenching or drilling and would benefit from the more
comprehensive program being planned by Gold’n Futures.
Table One: Historical Indicated and Inferred Resources occurring in Area ‘A’ within each zone.
See the Cautionary Note regarding Historical Resources.
Cautionary Note:
Historical resource estimates cited in this news release are based on prior data and reports obtained and
prepared by previous operators, and information provided by governmental authorities. Although the
historical resource estimates were 43 -101 compliant at the time they were compiled. They are not
‘Current Resource Estimates’ . A Qualified Person has not done sufficient work to verify the
classification of the mineral resource estimates in accordance with current CIM categories. The
Company is not trea ting the historical estimate as a current NI 43 -101 mineral resource estimate.
Establishing a current mineral resource estimate for the Hercules Gold Property will require further
evaluation, which the Company and its consultants intend to complete in due course.
Category Zone Cut-off Tonnes Grade Contained
Gold Gold Ounces
g/t g/t
Indicated
Wilkinson Lake 1.00 39,900 6.09 7,830
Inferred
Wilkinson Lake 1.00 17,400 7.24 4,030
Marino 1.00 41,500 3.18 4,240
7 of 9 1.00 57,800 1.73 3,220
Gold’n Futures Mineral Corp. June 8, 2021
Page 3 of 4
Figure One: Compilation Map with First Vertical Derivative Magnetic anomaly base map, showing past
drilling, gold vein systems, target zones and area.
Qualified Person
The scientific and technical content of this press release has been prepared, reviewed and approved by
Mr. Walter Hanych, P. Geo., who is a Qualified Person under NI 43 -101 regulations and is a director of
the Company.
About Gold’n Futures Mineral Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian based exploration
company advancing its flagship Hercules Gold Project. The Hercules Gold Project is a well- known
high-grade gold project, located 120 kilometres northeast of Th under Bay, Ont., in the townships of
Elmhirst and Rickaby, within the Thunder Bay North Mining District in the heart of the Beardmore –
Geraldton gold mining camp. The Hercules Gold Project lies within an Archean greenstone belt that
extends from the Long lac area in the east to Lake Nipigon in the west, a distance of about 130
kilometres. It comprises 475 contiguous claim cells (10,052 ha) of which 95% of the property is
effectively unexplored. To date, the work completed on the Hercules Gold Project for ms an extensive
database including reconnaissance grab samples; channel samples; a variety of geophysical surveys; and,
Gold’n Futures Mineral Corp. June 8, 2021
Page 4 of 4
historical drilling totalling in the order of 537 holes – all of which is being remodeled for planning of the
2021 exploration program. The historical resource estimate (see Cautionary Note) for the Hercules
Gold Project was completed in 2010 and comprised an uncapped Indicated Resource of 231,800 tonnes
containing 111,450 ounces of gold and an uncapped Inferred Resource of 761,300 tonnes containing
101,050 ounces of gold.
Gold’n Futures’ other advanced gold asset is the Brady Gold Property that consists of an advanced
project within a 950 ha claim group in the highly prospective Gander Zone of the central region of
Newfoundland. Th e Brady’s Reid Gold Zone is an intrusion -hosted deposit that is only partially
drill-tested and remains open on strike and at depth. The historical resource estimated for Reid Gold
Zone in 2011 produced an Inferred Resource of 9,750,000 tonnes hosting 173 ,000 ounces of gold (see
the Cautionary Note).
For more information, please visit our website at: www.goldnfuturesmineralcorp.com.
For further information
Stephen Wilkinson,
President and CEO
Email: [email protected]
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
This news release may contain forward- looking statements based on assumptions and judgments of management regarding future events or
results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from
those reflected in the forward- looking statements. There is no assurance the private placement, property option, change of board or
reinstatement of trading re ferred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to
revise or update such statements.
Cautionary Note: The Company refers to the historical resource estimates associated with the Hercules Gold Project, the Brady Gold Property
and the Handcamp Property (the “Historical Estimates”). The Historical Estimates are based on prior data and reports obtained and prepared
by previous operators, and information provided by governmental authorities. A Quali fied Person has not done sufficient work to verify the
classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical
estimate as a current NI 43 -101-compliant mineral resource estimat e. Accordingly, this historical estimate should not be relied upon.
Establishing a current mineral resource estimate on the Hercules Gold Project, the Brady Gold Property and the Handcamp Property will
require further evaluation, which the Company and its consultants intend to complete in due course.