Burin Gold drills broad zones of gold mineralisation at Hickey’s Pond, including 16.00 m of 1.57 g/t Au
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Burin Gold drills broad zones of gold mineralisation at Hickey’s Pond,
including 16.00 m of 1.57 g/t Au
Vancouver, Canada, April 20th, 2022 – Burin Gold Corp. (“Burin Gold” or the “Company”) (TSX-V: BURG)
is pleased to announce gold assay results from an initial seven holes on the Company’s 2022 program of 10,000 m
of diamond drilling at its 100% -owned Hickey’s Pond – Paradise Gold Property, southeastern Newfoundland,
Canada.
Highlights
• 16.00 m of 1.57 g/t Au in HP -22-011, including 8.24 m of 2.58 g/t Au, 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
• Broad zones of gold mineralisation now reported in over 4 00 m of strike, including best result from 2020
drilling of 10.8 m of 4.43 g/t Au in HP-20-002
• Large high-sulphidation epithermal gold system open along strike and to depth
• Assays from 2,600 m of the initial 3,777 m drilled are still pending
• Two drills mobilising to the property in mid-May
• Upgrade of ATV trail to Hickey’s Pond approved by Government of Newfoundland & Labrador
• Company will host a corporate update webinar on April 26th
These assay results represent the first 7 holes for which assays have been received, out of a total of 22 drill holes
completed to date this year. A total of 3,777 m of diamond drilling has been completed out of the Company’s
previously announced 10,000 m drill program . All holes completed have been logged and sampled, and all core
samples are now at the analytical laboratory for assay. Additional results will be released as they are received.
David Clark, PGeo, Burin Gold’s CEO, commented: “These initial holes focus on approximately 150 m of str ike
length and test the mineralisation to 75 m of vertical depth. It’s encouraging to see consistent grade and thickness
at these shallow depths. These results build on the scout drilling program we completed in 2020 which gave a best
result of 10.8 m of 4.43 g/t Au, and they confirm the presence of a near-surface gold system at Hickey’s Pond, with
geological characteristics consistent with those of other large-scale epithermal gold deposits in the Avalonian
terrane of eastern North America. We are fully funded to complete our 10,000 m program this year. Our goals are
to quickly advance towards an initial mineral resource at Hickey’s Pond, and systematically test the other high -
priority epithermal targets on the property, each of which represents real discovery potential.”
Phillip Walford, Burin Gold’s Chairman, commented: “The first phase of the 2022 drilling program at Hickey’s
Pond is consistent with the geological model used for the property and follows the initial 2020 seven drill hole
program at Hickey’s Pond. It is still early days at Hickey’s Pond with only a small part of the 7 km long trend of
interest identified by geology and geophysics. Locatin g areas of higher grades in the broad zone of lower gold
grades is a priority. It is important to note that Hickey’s Pond is only one of the ten known showings of undrilled
epithermal alteration identified to date on the 33 km length of the property. I look forward to starting the drill
testing of these targets this year.”
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It is expected that diamond drilling activities will resume in May after the spring breakup in Newfound land. Two
diamond drill rigs will be mobilised, with one focused on resource -level drilling at Hickey’s Pond, and the other
focused on testing the other priority targets on the Company’s large land package, none of which have ever seen
any historical drilling.
Burin Gold is also pleased to announce that the Hickey’s Pond trail upgrade project has been released from
environmental review by the Government of Newfoundland & Labrador. The upgrade of this trail from a n ATV
access trail to a gravel dirt road is expected to begin in late April and its completion will considerably raise ease-
of-access and travel safety to the drilling project at Hickey’s Pond.
Assay results for Hickey’s Pond drilling program
Gold fire a ssay results have been received for seven holes out of the twenty -two holes drilled so far in the
Company’s 2022 program. Composited assays for gold are given below in Table 1. Collar location and orientation
data are given in Table 2. Multi-element geochemistry and spectral mineralogy interpretations are pending.
Table 1: Composited gold intercept s for Hickey's Pond drilling. Assay results have been received out of sequence from the analytical
laboratory and are reported as they are received. Assays are pending for holes HP -22-009, HP-22-015 to HP-22-019, and HP-22-021 to
HP-22-029. True thickness is estimated based on an assumed dip of the shear zone of 45° to the NW and the attitude of the drill hole.
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 6.1
incl 22.24 28.21 5.97 1.38 3.5
HP-22-008 44.00 67.02 23.02 0.60 13.2
incl 64.00 67.02 3.02 2.44 1.7
HP-22-009 assays pending
HP-22-010 23.60 38.45 14.85 0.77 13.5
incl 23.60 27.00 3.40 1.04 3.1
incl 29.50 34.15 4.65 1.04 4.2
HP-22-010 42.50 58.00 15.50 0.34 14.1
HP-22-011 24.00 40.00 16.00 1.57 16.0
incl 26.75 35.00 8.25 2.58 8.2
incl 27.50 32.00 4.50 4.00 4.5
HP-22-011 46.00 52.00 6.00 0.52 6.0
HP-22-012 20.75 26.00 5.25 0.44 2.2
HP-22-013 2.00 11.00 9.00 1.11 8.2
incl 5.00 8.00 3.00 2.63 2.7
HP-22-013 33.50 44.00 10.50 1.37 9.5
incl 33.50 42.45 8.95 1.51 8.1
incl 33.50 37.50 4.00 2.11 3.6
HP-22-014 80.00 82.65 2.65 3.07 1.1
HP-22-015 assays pending
HP-22-016 assays pending
HP-22-017 assays pending
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HP-22-018 assays pending
HP-22-019 assays pending
HP-22-020 40.00 45.00 5.00 0.49 ?
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 intial 2022 results in the area of Hickey’s Pond. The sections
show mineralisation is continuous along strike and open to depth. These intial holes test the mineralisation at
shallow depths of up to 75 m vertical distance. Mineralisation is associated with boudined quartz-hematite-alunite
alteration and quartz-hematite breccias hosted within a northwest-dipping shear zone.
Summer drill program update
The Company expects that the next phase of Burin Gold’s drill program will commence in late May and will include
two diamond drills. The first will continue work on the Hickey’s Pond mineralised system, drilling on systematic
drill centres. The objective of this summer program will be to document the system in sufficient detail to be able to
prepare a preliminary resource estimate for H1/2023. The second drill will focus on the Company’s several high-
priority targets on its large land package. The Company has documented each of these target s and has completed
geochemical, geological, and geophysical surveys across the large land package. 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.
Hickey’s Pond gravel road upgrade authorized
On March 25th, 2022, the Minister for Environment and Climate Change of the Government of Newfoundland &
Labrador released the Company’s proposed project to upgrade the Hickey’s Pond ATV access trail to an all-weather
gravel road. Subject to standard conditions and additional minor permitting required for culverts and a small bridge,
the Company is now fully authorized to start work on this project. The work is anticipated to begin in late April, to
be completed in time for the Company’s summer drill program. The gravel road upgrade is expected to greatly
increase the safety and ease of access to the Hickey’s Pond showing and the 7 km long trend of geophysical anomaly
the Company intends to test later this year.
Upcoming webinar
The Company is also pleased to announce that President and CEO, David Clark, and Chairman, Phillip Walford,
will be presenting a corporate update in a live webinar taking place on Tuesday, April 26th at 13:00 PDT / 16:00
EDT. The webinar will be hosted by Focus Communications Investor Relations ( "FCIR") and Cory Fleck of the
Korelin Economics Report. Participants are encouraged to submit any questions for the Company prior to the event
by emailing FCIR at [email protected]. To register for the webinar please click the link below.
Registration: https://event.webinarjam.com/channel/BURG
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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).
Figure 3: Schematic section through the Hickey's Pond system, section B-B’ (see plan map). Assays for hole HP-22-009 are pending.
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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 sub sample 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
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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.
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 Mineral 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 e xpenditures 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
Forward Looking Statements
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.
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
or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the C ompany, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events,
results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
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 miner al
resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of
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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, uncert ainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in com modity prices,
delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved 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, restriction 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 wil l occur in the disclosed time frames or at all. The Company disclaims 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.