Playfair’s Golden Circle Project covers 76.47 sq km and 8 historical gold districts in Nova Scotia. Due diligence has been completed and Playfair has made the initial payment to ExplORE Resources. Playfair can purchase 100% of the Golden Circle project over 3 years for a total of
NEWS RELEASE
738-1489 Marine Drive Tel: 604 687-7178 PLY: TSX-V
West Vancouver, B.C.
Canada V7T 1B8 Toll Free: 888-244-6644 April 30, 2025
• Playfair Advances the Golden Circle Project
Playfair’s Golden Circle Project covers 76.47 sq km and 8 historical gold districts in Nova Scotia.
Due diligence has been completed and Playfair has made the initial payment to ExplORE
Resources. Playfair can purchase 100% of the Golden Circle project over 3 years for a total of
$650,000 CAD ($130,000 CAD already paid) and an NSR Royalty.
Compilation of historical data is ongoing in all areas of the Golden Circle Project and the first
exploration targets have already been identified at the Mount Uniacke property. A summer drill
program is planned. Country Harbour and Wine Harbour are the next areas being assessed as
Playfair continues to identify drill targets.
Gold mining began in Nova Scotia in 1860. Shallow underground mining was carried out
in 65 gold districts where quartz veins occurred with narrow high-grade gold. The g old
deposition is primarily controlled by geological structures within the Meguma Terrane.
The gold is hosted in quartz veins emplaced along the crests and flanks of regional
anticlines or domal structures. Recently, lower grade disseminated gold has been mined
by open pit.
For a more detailed review, please see the presentation on Playfair’s website HERE .
Mount Uniacke
The Mount Uniacke gold district comprises 193 abandoned shafts mined between 1867
and 1941.
Gold-bearing quartz veins occur on the South flank of the Mount Uniacke Dome. The
veins generally occur in the bedding, which is near vertical.
There are more than 130 veins in two well-defined zones, one running south from the
center of the dome for 900 meters. The other zone runs east-west and extends for 1,900
meters, about 200 meters to the south and nearly parallel to the Mount Uniacke Anticline.
The “Crumple” Drill Target Area
The East -West zone (“The
Crumple”) has a total length of 1,900
meters and is generally higher grade
than the North-South Zone.
This detailed Underground Cross
Section of ‘The Crumple” was drawn
by Faribault in1902 and recently
redrawn by the Nova Scotia
Geoscience and Mines Branch.
Workings on “The Crumple” seldom
exceed 20 meters in depth.
The gold -bearing veins of the
northern part of the north -south
vein area have not been tested at
depth where “The Crumple” is
projected to occur.
This composite cross section of “The
Crumple” is based on Faribault (1902)
as published in Malcolm (1929).
No existing drilling has tested “The
Crumple” at depth. Two previous
drillholes in 1974 were collared where
the axial plane of “The Crumple”
reaches surface. These holes were
flatter than the fold axial plane so did
not test the target.
The Open Cut Drill Target Area
In 1902 and 1903, a total of 289 ounces of gold were recovered from 3,395 tons extracted
from the open cuts. This equates to 0.085 ounces per ton (opt) or 2.92 grams per ton
(gpt).
Only one old drillhole tested the general area (0.82 opt over 1 foot) though this was to the
west of the open cuts. In this area the “pay streaks” in the near-vertical veins plunge east
at around 25° to 35°.
The projected down-plunge continuation of the open cuts has not been tested by
drilling.
Drill Target Areas at Mount Uniacke
The initial “Crumple” drill target area is 300 meters long, 75 meters wide and from 50
meters to 200 meters deep.
The initial Open Cut drill target area is 150 meters by 125 meters and deeper than 50
meters.
Drill Target Areas at Mount Uniacke
For a more detailed review of Mount Uniacke, please see the presentation HERE .
The technical contents of this release were approved by Greg Davison, PGeo, a qualified
person as defined by National Instrument 43-101.
Neither the 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.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore D. Neil Briggs
CEO and Director Director
Phone: 604-377-9220 Phone: 604-562-2578
Email: [email protected] Email [email protected]
Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain "forward-looking" statements and information relating
to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair
management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, wi thout limitations,
exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental re gulation and
supervision, seasonality, technological change, indus try practices, and one -time events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward -looking statements may vary materially
from those described herein.