Val-d'Or Mining Corporation - Oregon Gold Prospect - 2020 Prospecting and Mapping Program - Final Results
Val-d'Or Mining Corporation - Oregon Gold
Prospect - 2020 Prospecting and Mapping
Program - Final Results
Val-d'Or, Québec--(Newsfile Corp. - September 3, 2020) -
Val-d'Or Mining Corporation
(TSXV: VZZ)
("Val-d'Or Mining" or the "Company") announces the completion of the 2020 prospecting and mapping
program on its 100%-owned Oregon Gold Prospect. Assay results from the second and final batch of
thirty-three (33) rock grab samples are further described below.
The results of this program have confirmed the Company's model of an intrusive-hosted, bulk tonnage
gold deposit. Observations indicate that a series of cross-cutting, structurally controlled high-grade
zones are surrounded by a halo of lower grade mineralized host rock (granodiorite) material.
The granodiorite host rock has been documented to be approximately 100-150 metres wide and
extends over a distance of more than 2,000 metres. Gold-bearing rock samples have now been
encountered at exposed sections from the north-western end (NW showing, see results further below) all
the way along to the south-eastern end (newly discovered SE showing, see results from sample
X369278 - news release dated August 13, 2020). The highest-grade sample (sample 369310, grading
54.8 g/t gold
) was collected at the Oregon showing (see results further below), which is located about
400 metres north-west of the south-eastern end of the granodiorite host rock.
Furthermore, the results indicate that anomalous mineralization occurs along a series of E-W shear
zones that transect (splays - conjugate faulting) the predominate NW-SE regional deformation. These
splay faults have been demonstrated to be favourable for their potential to host economic gold deposits
in the Abitibi Greenstone Belt.
A follow-up program of selective overburden stripping, bedrock cleaning and detailed geological /
structural mapping is planned over the known mineralized gold showings and other prospective
geological targets, as the Company prepares for its upcoming maiden drill campaign on the property.
Oregon Gold Showing: Selective Historic Pit and Trench Sampling Results
A preliminary geological / structural mapping and selective sampling program to characterize the nature
and control of the gold mineralization at the Oregon Showing was completed. A total of 11 rock grab
samples were collected along a series of historic pits and trenches exposed in outcrop over an area
30-
35
metres east-west by1-
5
metres north-south.
Mineralization occurs within fracture zones that host a series of parallel quartz stringers mineralized with
coarse-grained cubic pyrite. The granodiorite hostrock is variably bleached with occasional hematite,
limonite, and chlorite alteration and rusty zones, hosting disseminated pyrite. Visible gold
(VG)
was
observed in a number of samples submitted for analysis.
The assay results and sample descriptions from 11 selective rock grab samples from the historical
trenches are as follows:
Sample
No.
Easting
(+/-6m)
Northing
(+/- 6m)
Rock Description
Site
Description
Py
Au
ppm*
X369301
301961
5371740
Rusty/bleached wallrock (granodiorite) with cg Py and sub-mm-scale
VG
. Occasional Py grains have
rusted faces/rims and few are rusted out completely. This sample is highly altered wallrock that is
adjacent to the following Qzt Vn sample (X369302).
Pit 1
7-
10%
1.72
X369302
301961
5371740
Rusty Qtz Vn with bleached/chl. alt., Qtz-rich granodiorite with mg and cg Py and possible
VG
.
Pit 1
3-
5%
0.81
X369303
301966
5371739
Rusty Qtz Vn with bleached wallrock (Qtz-rich granodiorite) with cg Py and mm-scale
VG
(flake).
Occasional Py grains have rusted faces/rims. Possible extension of Pit 1 zone.
East
Extension
3-
5%
3.38
X369304
301966
5371739
Rusty/bleached/chl. alteration wallrock (Qtz-rich granodiorite) with cg Py and mm-scale
VG
.
Occasional Py grains have rusted faces/rims and few have rusted out completely. Possible
extension of Pit 1 zone. This sample is highly altered wallrock that is adjacent to the previous Qtz
Vn sample (X369303).
East
Extension
7-
10%
0.62
X369305
301969
5371739
Rusty Qtz Vn with minimal rusted/bleached/chl. alteration wallrock. Fg, mg and cg Py with
possible
VG
. Py typically has rusted faces/rims. Possible extension of Pit 1 (and East Ext.) zone.
East
Extension 1
3-
5%
0.06
X369306
301969
5371739
Rusty/bleached wallrock (Qtz-rich granodiorite) with cg Py and mm-scale
VG
. Occasional Py
grained have rusted faces/rims and few have rusted out completely. Possible extension of Pit 1 (and
East Ext.) zone. This sample is the highly altered wallrock that is adjacent to the previous Qzt Vn
sample (X369305).
East
Extension 1
7-
10%
0.72
X369307
301975
5371739
Rusty Qtz Vn with highly altered wallrock. Some red staining (possible hematite) on Qtz. Some chl
alt. Mg and cg Py and possible
VG
. Occasionally Py rusted around the rims and few Py grains have
an iridescent sheen (secondary bornite?). Possible extension of Pit 1, East Ext., East Ext. 1 and East
Ext. 2 zone.
East
Extension 2
5-
7%
3.87
X369308
301975
5371739
Bleached wallrock with some rust and minimal Qtz Vn. Cg Py with occasional rusty rims and few
rusted out completely (voids).
Pit 2
5-
7%
1.85
X369309
301976
5371738
Rusty Qtz Vn with minimal highly altered wallrock (or infilled fracture). Cg Py with several voids of
rusted out Py. Some chl alteration. Very little fresh wallrock (granodiorite) at the very centre of
sample.
Pit 2
3-
5%
0.11
X369310
301976
5371738
Bleached wallrock with some rust and minimal Qtz Vn. Cg Py with occasional rusty rims and few
rusted out completely (voids).
Pit 2
5-
7%
54.8
X369311
301956
5371741
Surface rust. Fresh surface shows granodiorite. Most of the rock (sample) appears to have hematite
staining. Cg Py, several have rust surrounding the grains.
West
Extension
7-
10%
4.21
* Represents Au Screen Fire Assay results.
Note
: Assay results verified the presence of visible gold in the course fractions of four (4) of the
eleven samples.
NW Showing: Prospecting Sample Results
Twenty-two (22) prospecting and sampling rock grab samples were collected over the area of the
historical
NW Showing
. The sampling results verified the
NW Showing
as a prospective gold
mineralized area for further follow-up exploration work.
The highlighted assay results and sample descriptions from the
NW Showing
area are as follows:
Sa
mple
No.
Easting
Northing
Rock Description
Site Description
Surface
Py
Au
ppm
X369283
302021
5371673
Granitic, sheared.
East projection of sample
X369271.
Orange,
altered.
1%
0.042
X369284
302017
5371674
North of previous sample, granitic, sheared.
Parallel rusty zone.
Orange
altered.
trace
0.074
X369285
302161
5371531
Granitic, quartz-rich, sheared.
Heavy rusty
zone.
trace
0.007
X363286
302244
5371507
Blasted granitic rock, strongly sheared.
Trench NE of sample
X369280.
Rusty.
1-2%
0.005
X369287
302244
5371507
Blasted granitic rock, strongly sheared.
Same trench as above.
Rusty.
2-3%
0.017
X369288
302245
5371418
Granitic, fine-grained, quartz-rich. Sheared.
Blast pit
Rusty.
2-3%
0.082
X369289
302210
5371440
Quartz-sheared granitic rock, blasted rubble.
15m to samples X369276-
277
Rusty.
1-2%
0.008
X369312
301275
5371940
Greenstone. Strongly sheared.
Same outcrop as above
Weak rust.
Trace
0.007
X369313
301217
5371970
Same as above, sheared.
Weak rust.
1-2%
<0.005
X369314
301290
5372015
Greenstone, strongly sheared and altered.
L2E-L3E, 250S IP
anomaly.
Strong rust.
1-2%
0.007
X369315
301290
5372015
Same shear, greenstone sampled 0.5m north.
Same IP anomaly as
above.
Strong rust.
1%
0.024
X369316
301289
5372015
Same shear, mafic Intrusive, further north.
Same IP anomaly as
above.
Weak rust.
<0.005
X369317
301290
5372020
Same shear, granitic.
Same IP anomaly as
above.
Rusty.
0.009
X369318
301278
5372019
Same shear, granitic.
Same IP anomaly as
above.
Rusty.
0.019
X369319
301278
5372017
Same shear, granitic.
Same IP anomaly as
above.
<0.005
X369290
300835
5372523
Granitic, with
narrow shears.
Eastern portion of NW
Showing Area.
Rusty
1-3%
0.264
X369291
300800
5372664
Pyritic acid volcanic, sheared.
L4W, 75N IP anomaly.
Widespread
rust.
5%
0.011
X369292
300655
5372586
Siliceous granitic rock, strongly sheared, blasted rubble, south
end of north-south trench.
Western portion of NW
Showing Area.
Rusty
2-3%
0.486
X369293
300658
5372594
Siliceous granitic rock, strongly sheared, north end of north-
south trench.
Western portion of NW
Showing Area.
Rusty
2-5%
0.03
X369294
300656
5372594
Same location as above. Siliceous granitic breccia. Strongly
sheared.
Western portion of NW
Showing Area
Rusty
2-5%
<0.005
X369295
300758
5372576
Siliceous granitic rock, strongly sheared.
Central portion of NW
Showing area.
Blasted outcrop.
Rusty
1-3%
0.11
X369296
301758
5372576
Granitic, quartz veined, strongly sheared.
Central portion of NW
Showing area.
Same sample location as
above.
Rusty
2-3%
0.841
All grab samples were submitted to ALS Minerals facilities in Val-d'Or, Québec, an accredited mineral
analysis laboratory. Sample preparation and gold values were determined by a 30-gram fire assay and
AAS finish was completed. Gold values were determined by 30-gram fire assay with ICP finish and a
screen fire assay where applicable with the presence of visible gold. The reader is referred to:
www.alsgobal.com for details of analytical procedures described above.
Glenn J. Mullan P.Geo., the President and Chief Executive officer of Val-d'Or Mining is the Qualified
Person (as that term is defined in National Instrument 43-101
- Standards of Disclosure for Mineral
Projects)
who approved the technical disclosures included in this news release.
About Val-d'Or Mining Corporation
Val-d'Or Mining Corporation
is a junior natural resource issuer involved in the process of acquiring
and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE
Ontario and NW Quebec. To complement its current property interests, the Company regularly evaluates
new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi
Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering
different geological environments and commodities (Ni-Cu-PGE's).
The Company has an expertise in the identification and generation of new projects, and in the early-
stages of exploration.
The mineral interests are broad and range from gold, copper-zinc-silver, nickel-
copper-PGE to industrial and energy minerals.
After the initial value creation in the 100%-owned, or
majority-owned properties, the Company seeks option/joint venture partners to conduct more advanced
exploration on the projects.
For additional information, please contact:
Glenn J. Mullan
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email:
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements.
Forward looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should"
occur.
Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance and
actual results or realities may differ materially from those in forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date
the statements are made.
Except as required by law, the Company undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or opinions, or other
factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/63170