Val-d'Or Mining Corporation - Oregon Gold Prospect - 2020 Prospecting Program - Initial Results
Val-d'Or Mining Corporation - Oregon Gold
Prospect - 2020 Prospecting Program - Initial
Results
Val-d'Or, Québec--(Newsfile Corp. - August 13, 2020) -
Val-d'Or Mining Corporation
(TSXV: VZZ)
("Val-d'Or Mining" or the "Company") announces the assay results from the first thirty-two (32) rock grab
samples. These samples were collected over the property during the 2020 prospecting, preliminary
geological / structural mapping and sampling program. The results from a second batch of thirty-three
(33) rock grab samples covering the historical Oregon Gold Showing, new geological targets and areas
with induced polarization (IP) anomalies will follow shortly.
The objectives of the 2020 prospecting program are to identify the strike extensions of the historical gold
mineralization and to explore for parallel zones.
The primary metallogenic target on the property is an
intrusive-hosted, bulk tonnage gold deposit. These initial rock sample results identified the potential
lateral (north) and extensions (west) of the Oregon Showing and a new anomalous zone of gold
mineralization 300 metres south of the Oregon Gold Showing for further follow-up. For further details
about the Oregon Prospect, please refer to the Val-d'Or Mining news release dated July 15, 2020.
The assay results and sample descriptions from the first batch of thirty-two (32) rock samples are as
follows:
Sample
No.
Easting
Northing
Rock
Description
Site Description
Surface
Py
Au g/t
X369251
302200
5371186
granitic -
high quartz
trace
<0.005
X369252
302174
5371288
granitic
Old trench at Az
030, sheared
<0.005
X369253
301835
5371642
granitic
Sheared
<0.005
X369254
301830
5371713
granitic
Highly fractured
Rusty
trace
<0.005
X369255
301885
5371815
granitic
Sheared +
fractured
Rusty
patches
<0.005
X369256
301902
5371756
granitic
On strike of
X369257,
sheared
Rusty
<0.005
X369257
301916
5371754
granitic
Blast pit
<0.005
X369258
301892
5371732
granitic
Footwall of old
channel
Rusty
<0.005
X369259
301960
5371758
granitic
Joint
fracture/sheared
4.67
X369260
301930
5371788
granitic
Sheared/fractured
Rusty
<0.005
X369261
301808
5371871
granitic
Sheared
Rusty
2-3%
<0.005
X369262
300560
5372387
granitic-
greenstone
contact
Sheared,
brecciated, folded
Rusty
<0.005
X369263
301612
5372409
granitic-
greenstone
contact
Sheared,
brecciated, folded
<0.005
X369264
301350
5372046
granitic
Sheared
Rusty
<0.005
X369265
302201
5371250
granitic,
quartz vein
wall
Old Teck E-W
trench
<0.005
X369266
301828
5371863
granitic
Sheared
Rusty
<0.005
X369267
301803
5371877
granitic
Sheared
Rusty
<0.005
X369268
301802
5371878
granitic
Sheared
Rusty
<0.005
X369269
301803
5371877
granitic
Sheared 2 m-wide
Rusty
<0.005
X369270
301939
5371761
granitic
Zone parallel N of
Oregon Zone
Rusty
1-2%
0.133
X369271
302006
5371670
granitic
3 recent channels,
sheared?
Strong rust
patch
2-3%
0.079
X369272
301953
5371688
granitic
Sheared
Rusty
0.135
X369273
301928
5371737
granitic
Sheared, smokey
grey
Rusty
1-3%
<0.005
X369274
302135
5371364
granitic
Fractured/sheared
trace
<0.005
X369275
302210
5371407
granitic
Sheared
Rusty
<0.005
X369276
302220
5371443
granitic
Fractured
trace
<0.005
X369277
302218
5371442
granitic
Sheared
Rusty
1-2%
<0.005
X369278
302201
5371457
blast rock,
granitic
Old trench,
sheared
Rusty
1-3%
0.188
X369279
302196
5371456
blast rock,
granitic
Old trench,
sheared
Rusty
1-3%
0.344
X369280
302170
5371451
blast rock,
granitic
Old trench,
sheared
Rusty
1-3%
<0.005
X369281
301950
5371749
West
extension-
Oregon
Zone
Sheared
Rusty
1-3%
0.172
X369282
302201
5371250
Granitic, QZ
vein
Old Teck E-W
trench, Jointing
Rusty
<0.005
The rock sampling assay result highlights are as follows:
Sample X369259 - 4.69 g/t Au:
Rusty pyrite zone + veining, parallel and just north of the historical
Oregon Showing westernmost pit - confirmation of an anomalous parallel zone located approximately
12-15 metres north of the Oregon Zone.
Sample X369270 - 0.133 g/t Au
: 20 metres to the west along strike of above sample.
Sample X369273 - 0.135 g/t Au:
Western extension area of the Oregon Showing, located
approximately 30 metres from the westernmost pit.
Sample X369281 - 0.172 g/t Au
: Western extension area of the Oregon Showing, located
approximately 20 metres west of the westernmost pit.
Sample X369278 - 0.188 g/t Au & Sample X369279 - 0.344 g/t Au
: Represent a new parallel gold
zone, located approximately 300 metres south of the Oregon Showing.
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. Platinum, palladium and gold values were determined by 30-gram fire assay
with ICP finish. 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/61639