Val-d'Or Mining Corporation - Oregon Gold Prospect - 2020 Prospecting Program - Initial Results

August 13, 2020 9:00 AM EDT | Source: Val-d'Or Mining Corporation

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.EastingNorthingRock
Description		Site DescriptionSurfacePyAu g/t
X3692513022005371186granitic - high quartz

trace<0.005
X3692523021745371288graniticOld trench at Az 030, sheared

<0.005
X3692533018355371642graniticSheared

<0.005
X3692543018305371713graniticHighly fracturedRustytrace<0.005
X3692553018855371815graniticSheared + fracturedRusty patches
<0.005
X3692563019025371756graniticOn strike of X369257, shearedRusty
<0.005
X3692573019165371754graniticBlast pit

<0.005
X3692583018925371732graniticFootwall of old channelRusty
<0.005
X3692593019605371758graniticJoint fracture/sheared

4.67
X3692603019305371788graniticSheared/fracturedRusty
<0.005
X3692613018085371871graniticShearedRusty2-3%<0.005
X3692623005605372387granitic-greenstone contactSheared, brecciated, foldedRusty
<0.005
X3692633016125372409granitic-greenstone contactSheared, brecciated, folded

<0.005
X3692643013505372046graniticShearedRusty
<0.005
X3692653022015371250granitic, quartz vein wallOld Teck E-W trench

<0.005
X3692663018285371863graniticShearedRusty
<0.005
X3692673018035371877graniticShearedRusty
<0.005
X3692683018025371878graniticShearedRusty
<0.005
X3692693018035371877graniticSheared 2 m-wideRusty
<0.005
X3692703019395371761graniticZone parallel N of Oregon ZoneRusty1-2%0.133
X3692713020065371670granitic3 recent channels, sheared?Strong rust patch2-3%0.079
X3692723019535371688graniticShearedRusty
0.135
X3692733019285371737graniticSheared, smokey greyRusty1-3%<0.005
X3692743021355371364graniticFractured/sheared
trace<0.005
X3692753022105371407graniticShearedRusty
<0.005
X3692763022205371443graniticFractured
trace<0.005
X3692773022185371442graniticShearedRusty1-2%<0.005
X3692783022015371457blast rock, graniticOld trench, shearedRusty1-3%0.188
X3692793021965371456blast rock, graniticOld trench, shearedRusty1-3%0.344
X3692803021705371451blast rock, graniticOld trench, shearedRusty1-3%<0.005
X3692813019505371749West extension-Oregon ZoneShearedRusty1-3%0.172
X3692823022015371250Granitic, QZ veinOld Teck E-W trench, JointingRusty
<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: glenn.mullan@goldenvalleymines.com

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

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