Burin Gold continues to drill broad zones of gold mineralisation including 36.00 m of 1.08 g/t Au at Hickey’s Pond, Newfoundland
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Burin Gold continues to drill broad zones of gold mineralisation
including 36.00 m of 1.08 g/t Au at Hickey’s Pond, Newfoundland
Vancouver, Canada, July 7th, 2022 – Burin Gold Corp. (“Burin Gold” or the “Company”) (TSX-V: BURG) is
pleased to announce gold assay results from an additional fifteen holes on the Company’s 2022 diamond drilling
program at its 100%-owned Hickey’s Pond – Paradise Gold Property, southeastern Newfoundland, Canada.
Highlights
• 36.00 m of 1.08 g/t Au including 12.00 m of 2.27 g/t Au in HP-22-019, 13.40 m of 0.65 g/t Au in HP-22-
009, 16.00 m of 0.98 g/t Au in hole HP-22-017
• Broad zones of gold mineralisation now reported over 600 m of strike
• Large high-sulphidation epithermal gold system open along strike and to depth
• Nine drill holes with assays pending at Tower, a large previously untested zone of high- sulphidation
alteration located 11 km SW of Hickey’s Pond
David Clark, Burin Gold’s CEO, commented: “I'm very encouraged by the results of this year's drilling to date at
Hickey's Pond. We continue to intersect broad zones of epithermal alteration and gold mineralisation. Extending
our exploration along the 7 km strike of the geophysical anomaly at Hickey's Pond will be a priority for future
drilling, as well as building a solid geological model around the existing drilling to help vector towards potential
zones of higher-grade mineralisation .”
These new results, along with previously reported highlights of 16.00 m of 1.57 g/t Au in HP -22-011, 10.65 m of
1.14 g/t Au in HP-22-008, 10.50 m of 1.37 g/t Au in HP-22-013, announced on April 20th, 2022, represent the first
twenty-two holes drilled at Hickey’s Pond to date this year.
A diamond drill was mobilised to the Tower prospect on May 23rd, 2022, located 11 km SW of Hickey’s Pond. This
is a large zone of high-sulphidation alteration with historical surface gold mineralisation that has never been drilled.
1,845 m over nine holes has tested the zone across a strike of 850 m, with assays pending. All holes have intercepted
zones of epithermal alteration.
Assay results for Hickey’s Pond drilling program
Gold fire assay results have been received for all twenty-two holes drilled in the Company’s 2022 winter program.
Composited length-weighted gold assay results for significant intervals are given below in Table 1. Collar location
and orientation data are given in Table 2.
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Table 1: Composited gold intercepts for all drillholes completed during the Company’s 2022 Hickey's Pond exploration drilling program.
Intercepts in bold are new in this release , all other intercepts have been previously reported . True thickness is reported when sufficient
drilling information exists to permit an estimate, based on the assumed dip of the shear zone, the attitude of the drill hole , and intercepts in
nearby drill holes.
Hole From To Length (m) Au (g/t) Estimated true
thickness (m)
HP-22-008 1.25 36.00 34.75 0.84 20.0
incl 6.00 16.65 10.65 1.14 6.10
incl 22.24 28.21 5.97 1.38 3.50
HP-22-008 44.00 67.02 23.02 0.60 13.20
incl 64.00 67.02 3.02 2.44 1.70
HP-22-009 61.00 74.40 13.40 0.65 5.66
HP-22-010 23.60 38.45 14.85 0.77 13.50
incl 23.60 27.00 3.40 1.04 3.10
incl 29.50 34.15 4.65 1.04 4.20
HP-22-010 42.50 58.00 15.50 0.34 14.10
HP-22-011 24.00 40.00 16.00 1.57 16.00
incl 26.75 35.00 8.25 2.58 8.20
incl 27.50 32.00 4.50 4.00 4.50
HP-22-011 46.00 52.00 6.00 0.52 6.00
HP-22-012 20.75 26.00 5.25 0.44 2.20
HP-22-013 2.00 11.00 9.00 1.11 8.20
incl 5.00 8.00 3.00 2.63 2.70
HP-22-013 33.50 44.00 10.50 1.37 9.50
incl 33.50 42.45 8.95 1.51 8.10
incl 33.50 37.50 4.00 2.11 3.60
HP-22-014 80.00 82.65 2.65 3.07 1.10
HP-22-015 No significant intercepts
HP-22-016 No significant intercepts
HP-22-017 112.00 128.00 16.00 0.89 unknown
incl 112.00 120.00 8.00 1.01 unknown
HP-22-018 28.70 35.00 6.60 0.36 6.30
HP-22-019 32.00 68.00 36.00 1.08 unknown
incl 40.00 52.00 12.00 2.27 unknown
HP-22-019 80.00 86.00 6.00 0.50 unknown
HP-22-019 89.00 96.00 7.00 1.22 unknown
HP-22-020 40.00 45.00 5.00 0.49 unknown
HP-22-021 188.00 191.00 3.00 0.69 2.72
HP-22-022 No significant intercepts
HP-22-023 No significant intercepts
HP-22-024 98.00 102.50 4.50 0.41 4.50
HP-22-025 208.00 212.00 4.00 2.54 3.63
HP-22-026 172.00 182.00 10.00 0.60 10.00
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HP-22-027 52.20 53.20 1.00 1.33 0.91
HP-22-028 56.10 62.10 6.00 0.60 6.00
HP-22-029 No significant intercepts
A plan map is given in Figure 1, showing the drill collars and traces for all holes completed during the Company’s
winter 2022 program, as well as the holes completed by the Company in its scout 2020 program. Two schematic
sections are shown in Figure 2 and Figure 3 showing selected 2022 r esults in the area of Hickey’s Pond.
Mineralisation is associated with boudinaged quartz-hematite-alunite alteration and quartz-hematite breccias hosted
within a northwest- dipping shear zone. The sections show mineralisation is continuous along strike and open to
depth.
Figure 1: Plan map of diamond drill hole traces around the Hickey's Pond showing
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Figure 2: Schematic section through the Hickey's Pond system, section A -A' (see plan map). True thickness of intercepted mineralisation is
not well constrained by drilling, but the intercept is assumed to be oblique to the dip of the mineralisation. The interpretation here assumes
that mineralisation drilled in HP-22-019 is contiguous and downdip of the Company’s 2018 surface channel result of 7.00 m of 3.42 g/t Au,
but the Company has not completed sufficient drilling on this section to constrain and estimate true thickness.
Figure 3: Schematic section through the Hickey's Pond system, section B-B’ (see plan map).
The Hickey’s Pond system has now been tested over 600 m of strike length, and drilling has intercepted broad zones
of significant gold mineralisation in many holes. Ongoing exploration drilling will continue to expand the footprint
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of mineralisation by ext ending drilling along the large 7 km geophysical anomaly that Hickey’s Pond is centred
over, and explore for zones of higher grade within this large mineralised system.
Summer drill program
The Company has outlined several high-priority targets on its large land package and has completed geochemical,
geological, and geophysical surveys to better characterise them . Each of these targets represents a centre of
epithermal activity which could represent significant mineralisation in the subsurface, and none of them have ever
been drilled historically.
The first of these targets to be drilled is Tower, located approximately 11 km to the southwest of Hickey’s Pond,
and the first target on the property to be tested outside of Hickey’s Pond. A plan map showing drill collars and
traces for drill holes completed at Tower to date is given in Figure 4. A total of 1,845 m of diamond drilling in nine
holes have tested the Tower system over 850 m of strike length. All holes have intercepted epithermal alteration
consistent with current geological models for these types of epithermal systems. Quartz -alunite schists, quartz
breccias and quartz-hematite breccias have been intercepted across the entire length of the system which is open
along strike and to depth. The Company wil l report assay results as soon as they are delivered and have passed
internal quality control and cautions that until assay results are received it is not possible to determine whether the
high-sulphidation alteration intercepted in the drill holes at Tower contain gold mineralisation or not.
Figure 4: Plan map of diamond drill hole traces around the Tower showing
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Sampling, quality assurance & quality control
NQ-sized core samples with nominal lengths of 1.0 m were sawed longitudinally in half. Half -core samples were
collected for assay, and the remaining half -core returned to the core box. Appropriate geochemical standards
spanning a range of gold concentrations (OREAS North America Inc.), geochemical blanks (locally sourced
granite), as well as sample duplicates were introduced into the sample stream following industry best practice
guidelines. Core samples were delivered by Company personnel to Eastern Analytical Ltd., Springdale NL, for gold
fire assay analysis. The entire sample is crushed, an appropriate subsample pulverised, and a 30 g gold fire assay
with atomic absorption instrumental finish performed.
Drill hole collar information
Table 2: Hole collar location data. Positional data is given in UTM zone 21 projection, NAD83 horizontal datum, and CGVD28 HTv2.0
vertical datum. Azimuths are given in degrees relative to UTM north, and inclination in degrees.
Drill hole Northing Easting Elevation (m) Length (m) Azimuth (°) Inclination (°)
HP-22-008 5295252.5 699388.8 166.0 284.0 315 -80
HP-22-009 5295292.6 699430.4 167.5 203.0 315 -70
HP-22-010 5295291.2 699431.7 167.6 137.0 135 -70
HP-22-011 5295290.7 699432.2 167.6 95.0 135 -45
HP-22-012 5295327.9 699460.7 167.0 221.0 315 -70
HP-22-013 5295327.5 699461.4 167.2 137.0 135 -70
HP-22-014 5295349.4 699510.8 165.3 224.0 315 -70
HP-22-015 5295349.4 699511.0 165.5 89.0 135 -70
HP-22-016 5295348.8 699511.5 165.7 92.0 135 -45
HP-22-017 5295230.0 699361.2 159.1 137.0 315 -45
HP-22-018 5295229.6 699361.7 159.2 83.0 135 -70
HP-22-019 5295217.7 699343.6 157.7 149.0 315 -45
HP-22-020 5295238.6 699367.1 160.2 74.0 75 -45
HP-22-021 5295421.6 699350.1 163.5 201.3 135 -70
HP-22-022 5295421.0 699350.7 163.5 203.0 135 -45
HP-22-023 5295455.5 699458.9 161.8 191.0 135 -70
HP-22-024 5295454.9 699459.3 161.8 179.0 135 -45
HP-22-025 5295179.1 699168.4 159.7 248.3 135 -70
HP-22-026 5295178.4 699169.0 159.5 275.0 135 -45
HP-22-027 5295481.6 699578.7 159.0 206.0 135 -70
HP-22-028 5295480.9 699579.3 158.9 170.0 135 -45
HP-22-029 5296488.0 699851.4 170.6 179.0 135 -45
About Burin Gold Corp.
Burin Gold is a recently listed public company on the TSX Venture Exchange (TSX-V:BURG). The Company’s
principal asset is its Hickey’s Pond -Paradise Gold Project on the Burin Peninsula, Newfoundland. This project
contains the Hickey’s Pond gold prospect, drill tested with an initial 1,000 m drill program in 2020 with best results
of 10.8 m of 4.43 g/t Au, as well as numerous other historical high-sulphidation epithermal gold showings that have
yet to be drill tested. The Company has initiated a 10,000 m diamond drill program on the property in Q1/2022 and
expects to be drilling throughout the year.
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Qualified Person
David Clark, MSc, PGeo, CEO of Burin Gold, is the Company’s designated Qualified Person within the meaning
of National Instrument 43 -101 Standards of Disclosure for Mine ral Projects (“NI 43-101”). He has prepared the
technical content of this news release.
Acknowledgement
The Company acknowledges the financial assistance of the Mineral Development Division, Department of Industry,
Energy, and Technology, Government of Newfoundland & Labrador, via its Junior Exploration Assistance
Program. The program provides valuable financial rebates on exploration expenditures made in the province to
qualifying exploration companies. The Company has benefited from the program yearly since 2018.
On behalf of the Board
“David Clark”
CEO & Director
Further Information:
David Clark
CEO & Director
Burin Gold Corp.
1-877-620-4185 – toll free
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This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements
include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company
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Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements,
exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially f rom such
forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political
risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
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delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks i nvolved in the
mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID -19 on the price of commodities, capital market conditions, restrictio n on labour and
international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaim s any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.