Black Mountain Gold USA Corp. (TSXV: BMG) (“BMG” or the “Company”) is pleased to announce that it has engaged Geofisica TMC S.A. de C.V. (“TMC”) to complete an Induced Polarization (IP) survey at its Mohave Gold Project in Mohave County, Arizona. The survey is currently scheduled to commence in October and is comprised of 19 north-south lines varying from 1.17 km to 2.25 km in length for a total of approximately 38 line km. The survey is confined to the northern half of the Mohave Gold Project and covers approximately 3.7 km2 where historical drilling, soil surveys and historic and recent rock chip sampling programmes have outlined large areas of gold mineralization.
Graham Harris, CEO and Director, commented, “We are pleased to have engaged TMC to complete an IP survey over the northern half of our Mohave Gold Project. The survey will test for the continuation at depth of the gold-mineralized structures detected at surface and test for stacked zones. In addition it is hoped that the survey will test for blind gold zones under alluvial cover and assist in drill target definition.”
The IP survey is situated where historical drilling, soil surveys and historic and recent rock chip sampling programmes have outlined large areas of low sulfidation epithermal gold mineralization in mostly flat lying structural zones of quartz-calcite veins, stockworks and breccia zones. The recent rock chip sampling and geological mapping completed by M3 Metals (see M3 Metals press release dated May 6, 2020) and BMG (see BMG press release dated June 9, 2021) suggest the potential for a vertical stacking of parallel structural zones that may contain anomalous quantities of gold and silver. Historic drilling typically did not extend beyond 35m deep and this geological model of zone stacking was not tested in the past. The IP programme is designed to test the stacking model down to approximately 300m as the geological mapping and rock chip sampling has shown a strong correlation between quartz-calcite mineralization in the flat lying structures which have the potential to generate resistivity anomalies. In addition, the same mapping and sampling has identified oxidized pyrite box-works in the footwall and hangingwall to the mineralized zones which has the potential to generate chargeability anomalies at depth below the oxide zone where sulphide minerals should be preserved. Results for the IP survey will be incorporated into the project database and will be useful tools for the targeting of drillholes testing the depth extensions of the surficial gold mineralization.
This news release has been reviewed by Peter J. MacLean, Ph.D., P. Geo, Director of the Company and a Qualified Person as that term is defined in National Instrument 43-101.
To find out more about Black Mountain Gold USA Corp. please contact Investor Relations at (604) 662-8184 or email firstname.lastname@example.org.
BLACK MOUNTAIN GOLD USA CORP.
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This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Arizona which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for CDN$, fluctuations in the market for gold/silver, changes in exploration costs and government royalties, export policies or taxes in Arizona and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Mohave Gold Project may be impacted by economic uncertainties arising out of COVID-19 pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Mohave Gold Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.