Gold’N Futures Reports ON Its Inaugural Exploration Programs ON the Hercules GOLD Project Near Geraldton, Ontario
789 West Pender St., Suite 810
Vancouver, BC V6C 1H2
Tel: 604-687-2038
www.goldnfuturesmineralcorp.com
NEWS RELEASE CSE: FUTR
OTC: GFTRF
October 18, 2021 FSE: G6M
GOLD’N FUTURES REPORTS ON ITS INAUGURAL EXPLORATION PROGRAMS ON
THE HERCULES GOLD PROJECT NEAR GERALDTON, ONTARIO
VANCOUVER, BC -- (Newsfile – October 18, 2021) GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE:
G6M), (OTC: GFTRF) (the " Company” or “ Gold’n Futures ”) is pleased to report it has launched its
inaugural work programs on the Hercules G old Project (“Hercules”). Hercules is located in the
Beardmore - Geraldton gold camp of north -central Ontario. Its gold resources are well- known for high
gold grades and long strike lengths. From the twelve gold systems, the best known gold zone is the
Golden Mile Vein that has a strike length approaching 3,000m and co ntains an historical uncapped
indicated resource of 191,800 tonnes grading 16.80 grams per tonne gold (g/t Au) (the “Golden Mile”).
The Golden Mile resource is open along strike and down dip.
Please Note: The historical resource is based on prior data and reports obtained and prepared by previous
operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work
to verify the classification of the mineral resource estimates in accordanc e with current CIM categories. The
Company is not treating the historical resour ce as a current NI 43 -101-compliant mineral resource estimate.
Accordingly, this historical estimate should not be relied upon. Establishing a current mineral resource estimate on
the Hercules will require further evaluation, which the Company and its consultants intend to complete in due
course.
“Gold’n Futures closed its oversubscribed $2.75 million brokered private placement in early
September after a summer of tough marketing through difficult times for the Canadian junior
mining market. Upon the closing, the Company wasted no time executing on the field
programs and placed its initial personnel on the property comprising two senior geologists
and well-experienced prospector. The team completed some important tasks such as the GPS
drill collar survey and an assessment and cataloguing of the massive core storage yard. Each
of these tasks have provide d essential information contributing to some of the Company’s
objectives including the completion of a current National Instrument 43-101 report”.
Commented, Stephen Wilkinson, President and CEO
On September 16th, Gold’n Futures reported engaging Goldspot Discoveries Corp. (“ GoldSpot”) to
develop a new exploration model and to define new high priority targets through artificial intelligence
programs. GoldSpot will begin its contracted work with an airborne geophysical survey utilizing its Multi-
Parameter Airborne Survey System ( “M-PASS”) with Triaxial Magnetic Gradiometer and VLF Platform .
The surveys will cover the entire 109 square kilometres of the Hercules property, flying approximately
1,200 line -kilometres with 100 -metre line spacing . During the first meeting between Gold’n Future s
management and Goldspot project managers, it was decided to upgrade the airborne geophysical
surveys to include (weather permitting) a LiDAR Sensor and Photogrammetry Camera System , and
radiometrics. Goldspot managers will be visiting the Hercules property in about 3 weeks to meet Gold’n
Futures site personnel.
During the second week of October, specially equipped drones were used to map in detail the veins
exposures of the Golden Mile, and the lesser-known zones of Hercules, including: the Yellow Brick Road;
and, Lucky Strike. The precise locations of the vein channel sample sites and the drill collars are the first
data points for the Company’s new geological model of the Hercules. In combination with GoldSpot’s
new property -wide geo physical surveys, Gold’n Future s will achieve an improved and greater
understanding of the gold-bearing zones through which we can expand the known resource areas while
also looking at the potential of new gold mineralized zones.
Figure 1: Plan of the central part of the Hercules property showing the principal veins and the
associated historical resources (see the note above regarding historical resources). Target
areas 1, 3, 4 & 5 for the pending drill program are also show on the plan.
Next Steps
Over the past months, the Company has been assessing the historical data and found occurrences
where drill core sampling has been incomplete. In addition, over the years of previous programs, the
drill logs have inconsistently identified rock types while not sampling all perspective zones. Our
geologists are relogging and sampling several of the old drill holes to correctly identify and sample
mineralized intervals and to prepare for the pending new drill campaign.
The Gold’n Future s drill permit was sub mitted to the Ontario Ministry of Northern Development and
Mines Natural Resources and Forestry, Mineral Development Branch in early August. Once the permit is
received, the Company intends to begin its dr ill program that is budgeted for initially 1,500m and up to
ten drill holes. The objective of the first round of drilling will be to infill and extend the resource areas
based upon findings of the Company’s reassessment of the historical data.
Coincidently with the drill program, it is anticipated that GoldSpot will be delivering its findings of the
airborne geophysical surveys. In addition, GoldSpot will be using its artificial intelligence algorithms to
reinterpret the Hercules property’s structural geology, resource geology, and geophysical surveys to put
together the highest priority targets for exploration and drilling and , over the coming months , present
its recommendations to Gold’n Futures.
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 focused on advancing its Hercules gold project . The Hercules is located 200 kilometres
northeast of Thunder Bay, Ont., in the townships of Elmhurst and Rickaby, within the Thunder Bay North
Mining District. The Project is in the heart of the Beardmore – Geraldton gold mining camp , the 4 th
largest gold camp in Canada and is 40 km west of the Hardrock -Greenstone gold mine development.
The property lies within an Archean greenstone belt that extends from the Longlac area in the east to
Lake Nipigon in the west, a di stance of about 130 kilometres and consists of 475 contiguous claim cells
(10,052 ha). From the historical work completed on the property , the Company has built an extensive
database including reconnaissance grab samples; channel samples; a variety of geophysical surveys; and,
a drill hole database that includes historical drilling totalling in the order of 537 holes with more than
107,000m of drill core . With surface grab samples grading up to Grab samples up 10,374 g/t and
channel samples up to 32.96 g/t across 11.6 m , the Hercules gold zones offer top tier targets for the
expansion of its historical resources.
For more information, please visit our website at: www.goldnfuturesmineralcorp.com
On behalf of the Board of Directors
For further information
Stephen Wilkinson,
President and CEO,
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 referred 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.