Goldstorm Metals Discovers New High-Grade Copper, Gold and Silver Zone Within the 100% Owned Crown Project, Located in Northwestern British Columbia, Canada
Goldstorm Metals Discovers New High-Grade
Copper, Gold and Silver Zone Within the 100%
Owned Crown Project, Located in
Northwestern British Columbia, Canada
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) -
Goldstorm Metals Corp
.
(TSXV: GSTM) (FRA: B2U)
("
Goldstorm
" or "
the Company
") is pleased to report results from the
Company's summer reconnaissance program conducted on its 100 % owned Crown Property ("
Crown
"
or the "
Property
") situated within the prolific Golden Triangle region of British Columbia.
The Property
comprises 5 contiguous concessions (Orion, Fairweather, Delta, Mackie West, High North), covering
approximately 15,819 hectares and situated adjacent and due south of both Seabridge Gold Inc.'s KSM
Property and Newmont's Brucejack gold mine (click to view 2 maps:
Orion location and concessions
map
for details).
During the 2023 exploration season Goldstorm exploration, geologists undertook a substantial
reconnaissance program across various Crown Concessions.
This work was comprised of mapping
and sampling with particular emphasis placed on several newly exposed outcrops revealed by recent
glacial recession.
Work completed on the Property included a total of
1,057 rock samples consisting
of 7 channel saw-cut, 284 chip, and 766 grab samples
.
Tables 1-3 contain results for some of the
very promising discoveries found within the Orion area along a prominent north-trending silicified and
gossanous ridgeline that measures 900 meters (m) wide by 6,500 m long (click the following maps to
view rock sample results for gold, silver and copper. Results from other zones sampled within the Crown
Project will be released once they are received and final interpretations are completed.
Within the Orion area, exploration efforts specifically targeted a new zone, known as the Copernicus,
along the upper Orion Spine. The gossanous area spans a 200-m-wide by 800-m-long concentration of
sulphide mineralization containing copper, silver, zinc, and cobalt. Within this zone, 229 samples were
collected, including a 0.25 m chip sample (A0519298) that yielded
0.67 g/t gold, 320.0 g/t silver, 11.96
% copper, 0.088 % cobalt, and 0.55 % zinc,
as well as a 0.5 m saw-cut channel sample (OR-23-01)
that yielded
0.28 g/t gold, 226.0 g/t silver, 6.95 % copper, 0.079 % cobalt, and 0.37 % zinc
. A
continuous channel sample line, comprised of six samples (OR-23-02),
averaged 0.14 g/t gold, 57.0
g/t silver, 1.71 % copper, 0.015 % cobalt, and 0.15 % zinc
over 5.15 m (click to view 3 maps:
Orion
sample results
).
Ken Konkin, P.Geo., President and CEO, comments:
"Mineralization and textures observed at the
Copernicus Zone closely resemble those found in volcanogenic massive sulphide (VMS) deposits such
as the Granduc and Windy Craggy deposits, which are classified as Besshi-type VMS systems, with a
comparable metallogenic assemblage to that at the Copernicus Zone. However, it is very early in the
exploration phase and further mapping and sampling will be required to make final determinations on the
characterization of the precious and base-metal mineralization at our new discovery. Additional
geological observations suggest that this mineralization may also have been re-mobilized and deposited
along northerly tectonic shear systems parallel to the orientation of the Orion Spine. The Copernicus
Zone was traced for approximately 400 m along the upper Orion Spine. The Company has constructed a
drill pad to initiate a drill program as part of the 2024 exploration program on the Copernicus Zone.
Details of the proposed drilling will be determined prior to the 2024 drilling season."
Photo 1: 0.5 m Channel Sample OR-23-01 hosting semi-massive to massive pyrite and chalcopyrite
that yielded 0.28 g/t gold, 226.0 g/t silver, 6.95 % copper, 0.079 % cobalt, and 0.37 % zinc.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_89f46f52a43d7b79_002full.jpg
Photo 2: Drill pad constructed near the end of the field season to allow 2024 drill-targeting of the at-
surface mineralization.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_89f46f52a43d7b79_003full.jpg
Orion Sample Results
Table 1: Channel Sample Results for Upper Orion Spine in Press Release November 27, 2023
Channel ID
Sample
From
(m)
To
(m)
Width
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Co
(%)
Pb
(%)
Zn
(%)
OR-23-01
A0514971
0.00
0.50
0.50
0.28
226.00
6.95
0.079
0.05
0.37
OR-23-02
A0514701
0.00
1.00
1.00
0.02
1.66
0.01
0.001
0
0.02
A0514702
1.00
1.50
0.50
0.42
117.00
2.36
0.043
0.02
0.19
A0514703
1.50
2.50
1.00
0.32
137.00
3.94
0.027
0.05
0.19
A0514704
2.50
3.50
1.00
0.07
41.36
1.55
0.005
0.02
0.10
A0514705
3.50
4.15
0.65
0.14
86.97
3.20
0.030
0.02
0.22
A0514706
4.15
5.15
1.00
0.04
3.12
0.07
0.002
0
0.21
Table 2: Channel Sample Location Information for Upper Orion Spine in Press Release
November 27, 2023
Channel ID
Sample
Easting
UTM09
Northing
UTM09
Elev.
(m)
Azimuth
(deg.)
OR-23-01
A0514971
421735.0
6247792.0
1683.9
90
OR-23-02
A0514701
421732.0
6247793.0
1683.9
90
A0514702
421733.0
6247794.0
1683.9
90
A0514703
421733.5
6247793.0
1683.9
90
A0514704
421734.5
6247793.0
1683.9
90
A0514705
421735.5
6247793.0
1683.9
90
A0514706
421736.2
6247793.0
1683.9
90
Table 3:
Select Rock Sample Results for Upper Orion Spine in Press Release November 27,
2023;
click link to view table for full results
.
Sample
Easting
UTM09
Northing
UTM09
Elev. (m)
Sample
Type
Width (m)
Au (g/t)
Ag
(g/t)
Cu
(%)
Co
(%)
Pb
(%)
Zn
(%)
A0519298
421736
6247788
1678
Chip
0.25
0.67
320.00
11.96
0.088
0.13
0.55
A0514692
421587
6248160
1713
Chip
0.40
1.33
124.00
4.52
0.011
00.001
0.17
A0514530
421581
6248150
1672
Chip
0.60
2.22
81.01
3.11
0.005
0
0.07
A0514672
421739
6247656
1673
Grab
-
0.19
206.00
2.61
0.067
0.20
0.53
A0514691
421587
6248159
1713
Chip
1.00
0.99
90.64
3.20
0.006
0
0.09
A0519290
421758
6247843
1707
Grab
-
1.17
73.89
0.52
0.006
0
2.97
A0514697
421588
6248187
1724
Grab
-
0.86
73.75
2.08
0.004
0.01
0.15
A0514694
421511
6248212
1695
Grab
-
2.14
2.01
0.06
0.004
0
0.01
A0514681
421748
6247825
1705
Chip
1.00
0.43
58.94
2.73
0.038
0.04
0.58
A0514726
421540
6248313
1681
Grab
-
0.32
62.52
2.90
0.002
0
0.09
A0514748
423211
6244328
1247
Grab
-
1.49
25.60
0.12
0.007
0.06
0.04
A0514629
421737
6247794
1681
Chip
0.20
1.21
36.21
0.29
0.084
0.04
0.12
A0519449
422258
6247624
1765
Grab
-
1.63
17.17
0
0.000
0.15
0.10
A0514671
421736
6247701
1683
Grab
-
0.32
81.52
1.62
0.000
0
0.02
A0514636
421734
6247798
1684
Chip
1.00
0.14
82.76
1.28
0.017
0.05
0.22
A0514533
421584
6248071
1657
Chip
0.20
0.53
43.93
1.44
0.008
0
0.08
A0514668
421741
6247709
1688
Grab
-
0.28
53.66
1.01
0.087
0.01
0.04
A0514676
421740
6247797
1714
Chip
1.00
0.54
48.69
0.54
0.051
0.04
0.36
A0514669
421725
6247698
1673
Grab
-
1.24
8.28
0.02
0.025
0.01
0.01
A0514664
421736
6247774
1707
Chip
0.20
0.93
30.68
0.14
0.010
0.03
0.10
A0514678
421755
6247784
1719
Grab
-
0.30
26.00
0.02
0.008
0.02
5.97
A0514674
421667
6247543
1615
Chip
0.50
0.06
31.27
2.92
0.005
0
0.12
A0514765
421936
6248218
1869
Grab
-
0.34
63.66
0.15
0.014
0
0.09
A0514815
423193
6244381
1350
Chip
1.00
1.19
3.32
0
0.002
0
0.01
A0514700
421763
6247949
1757
Grab
-
0.53
7.55
0.12
0.008
0.12
4.49
A0519300
421673
6247810
1658
Chip
0.50
0.54
28.65
0.54
0.009
0
0.04
A0514819
423181
6244414
1350
Grab
-
0.83
12.42
0.01
0.002
0.02
0.01
A0514715
421757
6247844
1699
Chip
0.20
0.14
22.08
0.03
0.004
0.01
4.01
A0514645
421915
6248234
1868
Grab
-
0.16
38.25
0.70
0.001
0
0.11
A0514660
421627
6247970
1681
Chip
1.00
0.30
28.15
0.43
0.003
0
0.03
A0514764
421797
6247881
1718
Grab
-
0.28
4.54
0.03
0.005
0
4.18
A0514814
423193
6244381
1350
Grab
-
0.76
8.38
0.003
0.003
0
0
A0514531
421583
6248150
1670
Grab
-
0.39
15.13
0.68
0.002
0
0.03
A0514806
423054
6245186
1420
Grab
-
0.58
10.33
0.24
0.005
0.01
0.06
A0514713
421747
6247865
1699
Chip
1.00
0.15
22.25
1.06
0.006
0
0.06
A0514630
421720
6247687
1657
Chip
0.10
0.47
23.05
0.06
0.014
0.01
0.01
A0514540
421757
6247901
1710
Chip
0.10
0.51
2.18
0.13
0.002
0.
0.99
A0514698
421679
6248013
1716
Grab
-
0.22
15.15
1.07
0.004
0
0.08
A0514544
423075
6245329
1376
Grab
-
0.70
2.47
0.02
0.006
0.01
0
A0519448
422258
6247624
1765
Chip
0.50
0.58
10.92
0
0.001
0.08
0.06
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and
technical information that forms the basis for the disclosure contained in this news release.
QA/QC
All samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and assayed at MSA
Labs' Geochemical Laboratory in Langley, BC. Gold was assayed using a fire assay with atomic
absorption (AA) spectrometry finish. Samples over 10 ppm gold were fire assayed with gravimetric
finish. All samples were analyzed by four acid digestion with multi-element ICP-MS, with silver and base
metal over-limits being reanalyzed by emission spectrometry. MSA Laboratories quality system
complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is
independent of the Company.
About Goldstorm Metals
Goldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land
position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-
grade gold deposits in the world. Goldstorm's flagship projects, Crown and Electrum, cover an area that
totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous.
The Crown Project
is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newcrest Gold's
Brucejack/Valley of the Kings gold mine.
Electrum, also located in the Golden Triangle of BC, is situated
directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and
the past producing Silbak Premier mine, 20 kilometers to the south.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDSTORM METALS CORP.
"
Ken Konkin
"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at
https://goldstormmetals.com/
or
contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail:
or
Carsten Ringler
Head of Investor Relations and Communications
Phone:
+49 151 55362000
E-Mail:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statement Regarding Forward Looking Statements
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including statements regarding future estimates,
plans, objectives, timing, assumptions or expectations of future performance, including without
limitation, the statement regarding the expectation that geologists are expected to complete a
compilation study this winter once all assay results are received. Such a statement is a forward-
looking statement and contains forward-looking information.
Generally, forward-looking statements and information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking
statements are based on certain material assumptions and analysis made by Goldstorm and the
opinions and estimates of management as of the date of this press release, including that geologists
will complete a compilation study this winter once all assay results are received.
These forward-looking statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Goldstorm
to be materially different from those expressed or implied by such forward-looking statements or
forward-looking information. Important factors that may cause actual results to vary, include, without
limitation that geologists will not complete a compilation study this winter or at all.
Although management of Goldstorm has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking
information. Readers are cautioned that reliance on such information may not be appropriate for other
purposes. Goldstorm does not undertake to update any forward-looking statement, forward-looking
information or financial out-look that are incorporated by reference herein, except in accordance with
applicable securities laws.
Crown Project – Regional Area Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_goldstorm20231127f3.jpg
Crown Property – Claim Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_goldstorm20231127f4.jpg
Orion Sample Area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_goldstorm20231127f5.jpg
Copernicus Zone Sample Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_goldstorm20231127f6.jpg
Orion Sample Area – Mag Survey
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9214/188749_goldstorm20231127f7.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/188749