Ophir Gold Corp. Publicizes Begin of CSAMT Program and Gives Replace on 2021 Drilling Program on Breccia Gold Property, Idaho


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Vancouver, British Columbia – (Newsfile Corp. – September 20, 2021) – Ophir Gold Corp.(TSXV: OPHR) (FSE: 80M) (OTCQB: KPZIF) (“Ophir“or the”Society“)is happy to announce the beginning of the CSAMT geophysical program and supply an replace on drilling and floor exploration on the Breccia gold property (the “Items“), the place it holds an choice to earn 100% curiosity, positioned roughly 40 miles southwest of Salmon, Idaho, and is accessible immediately by street.

Supply Managed Magnetotelluric Survey (CSAMT)

The Firm has contracted TMC Geophysics to conduct an audio-frequency managed supply magnetotelluric (CSAMT) survey on the property. TMC Geophysics is a number one supplier of geophysical providers to the mineral exploration business with its head workplace in Canada. The target of the CSAMT survey is to map the silicification and construction at depth associated to the hydrothermal system with the general goal of refining the drill targets to check a high-grade ore physique at depth that feeds the veined quartz breccias at depth. excessive grade. noticed on the floor. The CSAMT survey also needs to hint the Breccia zone to the south the place magnetic information signifies that it continues below alluvial cowl.

The CSAMT survey is designed to cowl nearly all of the property and can include 15 traces at 200 m spacing totaling roughly 472 stations and 26 line-kilometers. TMC Geophysics groups are mobilized on the location within the coming days.

Drilling program

Troublesome preliminary drilling circumstances, coupled with regional forest fires forcing a redesign of web site logistics, hampered drilling operations through the first half of this system, leading to slower-than-expected progress. Nonetheless, the speed of drilling progress and circumstances have improved over the previous week, as the danger of forest fires has decreased, and this system is now persevering with with better momentum.

A complete of roughly 1,295.7 m (4,251 ft) over seven (7) drill holes have been accomplished thus far – BG21-001, 002, 003, 003a, 004, 005 and 006. Size depths cores range from 69.2m (DDH BG21 -003, misplaced attributable to gap circumstances) and 296.3m (DDH BG21-006), with all holes oriented to intercept and cross by the breach unit at depth which defines the Meadows fault zone. The Firm is happy to report that the breccia unit has been efficiently intersected in every gap and is characterised by various widths of clay and iron manganese oxide alteration, quartz veins and silicification. , the unit having an analogous look to that noticed on the floor. . Occurrences of blade quartz have been additionally present in a number of boreholes.

Important clay weathering and quartz blade occurrences in drill core are options per the upper areas of a low sulfidation epithermal system. As well as, quartz veins and silicification enhance with the depth of the breccia zone intercepted within the drill core.

The Firm plans to report core pattern assays for the primary batch of drill holes within the coming weeks, as soon as it receives full and last outcomes. Core samples are analyzed by Activation Laboratories at their facility in Kamloops, British Columbia.

The Firm has submitted a five-year working plan to the USA Forest Service for prolonged exploration of the Breccia gold property (see press launch dated Could 17, 2021). The allow, as soon as obtained, will enable the Firm to discover the Property for 5 consecutive years, below the identical authorization, offering important advantages and adaptability for aggressive and in depth diamond drilling monitoring on the Property. Coupled with CSMAT information, the Firm intends to proceed to delineate the breccia unit close to the floor, in addition to goal the system roots the place silicification and quartz stockwork veins, related to gold mineralization. , ought to be “mapped” by the CSAMT survey.

Drilling map of the Breccia Gold property

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New discovery of the outcrop of the breach

Because of the slower than anticipated preliminary drilling, the chance was seized for additional exploration areas of the property and the follow-up of mineralized occurrences found in 2020. The Firm is happy to announce that exploration has led to the invention of a brand new incidence of breccia outcrop positioned roughly 800 m north-northwest of the drill space and a number of other hundred meters west of the big in-ground gold anomaly positioned alongside the northern elements of the Meadow Fault Zone.

A complete of 16 samples have been taken from a collection of huge breccia outcrops, extending for at the least 200 m in a typically east-west route. The invention signifies a possible deviation off the Meadow Fault Zone and additional highlights the floor exploration potential of the property, and extra particularly the northern finish of the Meadow Fault Zone. Analytical outcomes ought to be communicated shortly.

QP Disclosure

Darren L. Smith, M.Sc., P. Geo., Director and Vice President of Exploration for the Firm and Certified Individual throughout the which means of NI 43-101, has overseen the preparation of the technical info contained on this press launch. hurry.

In regards to the Breccia gold property

The Breccia Gold property consists of 98 claims overlaying roughly 1,973 acres (798 ha) within the Blackbird mining district, Lemhi County, roughly 40 kilometers southwest of Salmon, Idaho, United States. The property is accessed by way of a paved street and a community of well-maintained gravel roads and is house to the historic Gahsmith Gold Mine. Exploration and improvement exercise on the Property dates again to the Nineteen Thirties and has been operated by at the least eight galleries, with a number of thousand tonnes of mineralized quartz veined materials extracted. Within the Nineteen Eighties, a bulk pattern of 4,621 tonnes was accomplished with a median grade of 0.335 oz / t Au reported. The present property contains the Meadows fault zone and the much less explored parallel pattern of the Musgrove mine. Current exploration carried out in 2018, 2019 and 2020 included remapping and sampling of the Meadows fault zone and the outcomes counsel the existence of an necessary epithermal low sulphidation gold system. Floor outcomes embody 57.6 g / t Au and 19.6 g / t Ag within the outcrop, and 69 g / t Au and 27.5 g / t Ag within the float.

In regards to the firm

Ophir Gold Corp. is a gold exploration firm targeted on the exploration and improvement of its flagship property, the previous Breccia Gold property positioned in Lemhi County, Idaho. The Firm has the choice to accumulate a 100% curiosity within the property over a three-year interval from Canagold Assets Ltd. (previously Canarc Useful resource Corp.) and DG Useful resource Administration Ltd.

On behalf of the board of administrators

“Shawn Westcott”
Ophir Gold Corp.

For extra info, please contact:

Shawn Westcott, CEO
Telephone 1 (604) 365 6681
[email protected]

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Warning

The knowledge contained on this doc accommodates “forward-looking statements” throughout the which means of relevant securities legal guidelines. Ahead-looking statements relate to info based mostly on administration’s assumptions, forecasts of future outcomes and estimates of quantities not but determinable. All statements that categorical predictions, expectations, beliefs, plans, projections, aims, assumptions or future occasions or efficiency aren’t statements of historic truth and could also be “forward-looking statements”. Ahead-looking statements are topic to quite a lot of dangers and uncertainties that might trigger precise occasions or outcomes to vary from these mirrored in forward-looking statements, together with, with out limitation: incapability to safe enough funding on a well timed foundation and on acceptable phrases; dangers related to the result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers related to sustaining inventory market quotes; dangers related to environmental laws and legal responsibility; the potential for delays in exploration or improvement actions or the completion of feasibility research; uncertainty of profitability; dangers and uncertainties related to the interpretation of drilling outcomes, geology, grade and continuity of mineral deposits; dangers related to the inherent uncertainty of manufacturing and value estimates and the potential for unanticipated prices and bills; the outcomes of pre-feasibility and feasibility research, and the likelihood that future exploration, improvement or mining outcomes might not meet the Firm’s expectations; dangers related to fluctuations in commodity costs; and different dangers and uncertainties regarding the prospects, properties and operations of the Firm detailed elsewhere within the Firm’s disclosure file. If a number of of those dangers and uncertainties materialize, or if the underlying assumptions show to be incorrect, precise outcomes might differ materially from these described in forward-looking statements. Traders are cautioned towards assigning undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm assumes no obligation to replace or revise them to replicate new occasions or circumstances, besides in accordance with relevant securities legal guidelines. Precise occasions or outcomes might differ materially from the Firm’s expectations or projections.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/97001

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