- Edgemont Gold (CSE:EDGM) has announced it is gearing up for drilling at its Dungate gold porphyry project
- The first drill pads have been built and drilling is expected to begin soon
- The Phase I drill program will comprise six 500 metre drill holes that will test several large high chargeability IP anomalies the company identified last year
- The first four holes that will be drilled will test a strong cohesive high chargeability IP anomaly that is roughly 1.2 kilometres in diameter
- Future drill holes will test intrusions larger in size to the north of the first Dungate showing
- Shares of Edgemont Gold are up 13.79 per cent to C$0.16 as of 1:05 p.m. EDT
Edgemont Gold (EDGM) is preparing to begin drilling at its Dungage copper-gold porphyry project.
The project is located six kilometres southeast of Houston, BC in the Omineca Mining Division.
The first phase of the program will comprise six 500 metre drill holes that will test several large high chargeability IP anomalies the company previously identified last year that have not been drill tested at depth.
Before the drill program, the last drilling done at Dungate only included a limited number of shallow holes, done in 1976.
Additionally, the only deep hole previously done on the property was drilled by Cities Service back in 1975. Drill loges reported 142 metres of abundant chalcopyrite.
“We are very much looking forward to the start of drilling at Dungate,” Stuart Rogers, CEO of Edgemont, said in a release. “The first three drill holes will not only test an outstanding copper-gold porphyry target at depth but will also pass through an exciting secondary target, a quartz pyrite breccia zone within the larger porphyry with potential for a high-grade gold discovery as well.”
The company said the first four holes that will be drilled at Dungate will test a strong cohesive high chargeability anomaly roughly 1.2 kilometres in diameter. Following this, drilling holes will test another possible intrusion, potentially larger in size, to the north of the initial Dungate drilling.
Headquartered in Vancouver, Edgemont Gold is exploring its Dungate project which sits near historic successful mining projects. These include the Equity Silver Mine, Imperial Metals’ Huckleberry Mine and Sun Summit Minerals’ Buck Project.
Edgemont Gold acquired an interest in its initial claims at Dungate in 2018 and now holds five mineral tenures spanning 1,582.2 hectares.
Shares of Edgemont Gold are up 13.79 per cent to C$0.16 as of 1:05 p.m. EDT.