Vancouver, B.C. November 22, 2017 – Four Nines Gold Inc. (the “Company” or “Four Nines”) (FNAU:CSE) is pleased to announce results from its recently completed exploration program on the Mariposa property located in the White Gold district of the Yukon.
A total of 15 trenches were completed in 2017 at the Mariposa property over the following target areas: Hackly (trenches 4 to 7); Skookum Main (trenches 1 to 5 and 8 to 12); and Skookum West (trenches 13 to 15). The focus of the trenching was to establish, through larger and deeper bedrock exposure, controls on mineralization (structure and alteration) and trends of mineralization on strike between the zones exposed in trenches in conjunction with intersections in the previous drilling. The gold bearing, structurally controlled targets, remain open in all directions, and Four Nines has refined the overall geological setting in planning for a 2018 drill program.
Several access trails were also established in the area and road improvements were completed on the property that will facilitate future work.
The results yielded elevated gold assays to a maximum of 1.68 g/t gold over 4.5 metres and 0.88 g/t gold over 10.5 metres. Significant trenched intervals are tabulated below and a map showing trench locations will be available on the company’s website.
Significant Mariposa Trench Intervals:
|TR – 17 – 01||19.5||45.0||25.5||0.47|
|TR – 17 – 01||75.0||79.0||4.5||1.61|
|TR – 17 – 02||43.5||54.0||10.5||0.88|
|TR – 17 – 02||69.0||75.0||6.0||0.80|
|TR – 17 – 06||0.0||4.5||4.5||0.60|
|TR – 17 – 08||27.0||30.0||3.0||0.88|
|TR – 17 – 08||34.5||40.0||10.5||0.82|
|TR – 17 – 11B||0.0||7.5||7.5||1.05|
|TR – 17 – 13||4.5||9.0||4.5||1.68|
+ Represents the sampled length reported within each trench
The reported intersections may differ from those encountered historically due to the increased depth of sampling and the nature of saw cut channels samples.
“The detailed trenching results and exposures have allowed a clearer interpretation of the geological setting. The orientation and the mineralized horizons were exposed as projected and these results provide a solid basis on which to design a focused drill program”, stated Jim Mustard, Four Nines’ President and Chief Executive Officer.
Sample preparation and analysis was carried out by Activation Labs in Kamloops. Rock samples were dried and crushed (< 7 kg) up to 80% passing 10 mesh (1.7mm), riffle split to 250g and pulverized to 95% passing 150 mesh (105µm). The pulverizer bowl was cleaned with sand after each sample. All samples were analyzed for 38 elements using aqua regia digestion and inductively coupled plasma-atomic emission spectroscopy (method IE3). Gold was analyzed by fire assay with atomic absorption (AA) spectroscopy finish (method 1A2).
Rigorous procedures were in place regarding sample collection, chain of custody and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QAQC screening.
Technical information in this news release has been approved by Jim Mustard, P.Eng., a Geological Engineer and a qualified person for the purpose of National Instrument 43-101. He is not independent of the company.
For further information concerning Four Nines Gold Inc, please visit our website (fourninesgold.ca)
About Four Nines Gold Inc.
Four Nines is a mineral exploration company with a focus on exploration and development of the Mariposa gold project, located in the White Gold district of the Yukon. Four Nines has an option to acquire a 70% interest in the property from Pacific Ridge Exploration Ltd. The project hosts a number of gold targets, including Skookum Main, Skookum West, and Hackly.
On behalf of the board,
J. W. Mustard
For further information, please contact:
J.W. Mustard, President at firstname.lastname@example.org; phone 604.681.0209 or
Casey Forward at email@example.com; phone 778.688.1799
Cautionary Statement Regarding “Forward-Looking” Information.
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the Mariposa property, comments regarding the timing and content of upcoming work programs, geological interpretations, costs and timing of future exploration and development, requirements for additional capital, other statements relating to the financial and business prospects of the Company. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements. Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
Four Nines Gold Inc.
488 – 625 Howe Street
Vancouver BC V6C 2T6