Vancouver, British Columbia--(Newsfile Corp. - August 30, 2017) - Sojourn Exploration Inc. (TSXV: SOJ) is pleased to report exploration has commenced on the newly acquired Oweegee Dome and Willoughby properties in British Columbia's Golden Triangle, located northeast of the town of Stewart.
The Golden Triangle of northern British Columbia continues to be one of the key exploration areas within British Columbia and hosts several significant deposits including:Seabridge Gold's KSM Au-Cu porphyry deposit with total proven and probable reserves of 38.2 million ounces gold and 9.9 billion pounds copper; Barrick Gold's historic Eskay Creek Mine with production of 3 million ounces gold and 160 million ounces silver at an average grade of 48.4 g/t Au and 2,221 g/t Ag; and Pretium Resources' Brucejack epithermal gold deposit with proven and probable reserves of 6.9 million ounces gold.
Investors are cautioned that Sojourn Exploration Inc. has not verified the data from the KSM, Eskay or BruceJack deposits. Further, the presence of mineralization on these three properties is not necessarily indicative of similar mineralization on the Sojourn Exploration Inc. properties.
Investors are invited to explore the Sojourn Exploration Inc. website for complete geological summaries and 43-101 reports on the Willoughby and Oweegee Dome properties. http://sojournexploration.com/
Preliminary exploration at Willoughby will focus on exploring the newly exposed ground resulting from the retreating glaciers, concentrating in areas hosting historic geophysical anomalies displaying similar responses to the known zones of gold mineralization. Historic exploration includes 74 surface and 30 underground drill holes directed at four distinct zones focusing on auriferous, structurally controlled, semi-massive to massive sulfide mineralization. Key drilling highlights include:
NZ89-06 - 20.5 metres grading 24.99 g/t Au and 184.22 g/t Ag
NZ94-15 - 11.7 metres grading 40.11 g/t Au and 109.71 g/t Ag
NZ94-27 - 12.2 metres grading 10.94 g/t Au and 27.42 g/t Ag
MZ95-51 - 5.9 metres grading 16.32 g/t Au and 53.83 g/t Ag
MZ95-53 - 13.0 metres grading 13.37 g/t Au and 63.43 g/t Ag
Details on the drilling and sources of information can be found in the SOJ News Release dated 14-June-2017.
The late start to the season as a result of the acquisition just being approved precludes drilling this season. Exploration efforts will focus on newly deglaciated areas of the claim group, concentrating on the known geophysical anomalies. The Company anticipates generating strong drill targets as a result of the surface program.
Preliminary exploration at Oweegee Dome will concentrate on initial surface evaluation of the numerous geophysical targets identified during the historic exploration programs. These will include stream sediment sampling, soil sampling, prospecting and sampling. The objective is to identify high priority targets for a 2018 drilling campaign.
The Company is very excited to acquire Oweegee Dome as it is underlain by the unconformable contact between the Triassic and Jurassic which is the key loci of much of the Golden Triangle mineralization. The association of proximal geophysical targets within the Oweegee Dome property boundaries further enhances the prospectivity of Oweegee. Historic drilling has identified porphyry style mineralization in one area of the +30,000 hectare property, intersecting 138 metres of 0.189 g/t Au and 0.074% Cu as a drill highlight.
Details on the drilling and sources of information can be found in the SOJ News Release dated 14-June-2017.
Investors are cautioned that Sojourn has not verified the historic data from the either the Willoughby or Oweegee projects. The true widths of the Willoughby and Oweegee drill intersections are unknown at this time.
In order to acquire 100% interest in each of the properties, subject to underlying NSR royalties, Sojourn must issue the following common shares and incur the following expenditures:
Shares | Work | Shares | Work | Work | |
Property | Year 1 | Year 1 | Year 2 | Year 2 | Year 3 |
Willoughby | 800,000 | $200,000 | 1,040,000 | $600,000 | $1,200,000 |
Oweegee | 1,000,000 | $350,000 | 1,300,000 | $650,000 | $1,000,000 |
R. Tim Henneberry, P.Geo., Interim President, CEO and Director of Sojourn Exploration Inc. and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.
On behalf of the Board of Directors,
"Tim Henneberry "
Tim Henneberry, Interim Chief Executive Officer and President and Director
For further information please contact: Tim Henneberry Telephone: (250) 743-8228 Email: tim@mammothgeological.com
Certain statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.