- Arctic Fox Minerals announces exploration summary of 2021 exploration program at its flagship Up Town Gold Project
- Total of 976 metres drilled in 20 diamond drill holes; 240 samples collected for geochemical analysis
- 2 significant intervals in the Fox South Zone – 4.62 g/t Au over 1.61 m, including 0.76 m of 8.79 g/t Au and 4.5 g/t Au over 1.69 m, including 8.62 g/t Au over 0.44 m
- Arctic Fox Minerals Corp. (FOXY) is up 16.67 per cent, trading at $0.035 per share at close-of-day trading 4 pm EDT
Arctic Fox Minerals (FOXY) has provided a summary of the 2021 exploration program on its flagship Up Town Gold Project.
The project is located four kilometres from Yellowknife, NWT, within the historic Yellowknife gold belt.
Before the company’s public listing, Arctic Fox conducted a winter drill program between October 5th to 31st, 2021, to further define and identify new zones of gold mineralization at the Property.
A total of 976 metres was drilled in 20 diamond drill holes, from which 240 samples were collected for geochemical analysis.
Drill core was logged and sampled at a facility in Yellowknife and samples were submitted to ALS Global Labs, an independent and ISO-accredited facility (ISO/IEC 17025 and ISO 9001).
Diamond drilling completed in 2021 was designed to test gold-bearing silicified shear zones that have been identified at surface in several areas of the Property. Gold mineralization was intersected in all drill holes, and analytical results from 2021 drill samples compare well with those collected from outcrop at surface, as well as what has been reported historically. To date, sample results are most significant at the Fox South Zone where surface and 2021 drill samples consistently return considerable grades.
Fox South Zone
A total of four holes were drilled from one setup location in 2021 for a total of 208 metres. Drill collars were selected to test the southern extension of previously identified gold-bearing shear zones. Mineralization is most consistent at the Fox South Zone where drill samples returned the highest and most comparable sample grades of any zone. The two most significant intervals in the Fox South Zone were 4.62 g/t Au over 1.61 metres, including 0.76 m of 8.79 g/t Au in hole UTG-21-002; and 4.5 g/t Au over 1.69 metres, including 8.62 g/t Au over 0.44 metres in hole UTG-21-003.
Arctic Fox is a resource exploration company specializing in precious metals exploration in the Northwest Territories. Arctic Fox is currently advancing the Up Town Gold Project located in Yellowknife, NWT, adjacent to the past producing Giant Mine. The Up Town property is situated off a major highway, near power and large past-producing mines, and within commuting distance from the city of Yellowknife.
Arctic Fox Minerals Corp. (FOXY) is up 16.67 per cent, trading at $0.035 per share at close-of-day trading 4 pm EDT.