LUNDIN GOLD REPORTS DISCOVERY OF BONZA SUR GOLD DEPOSIT AND EXPANSION OF ITS NEAR-MINE DRILLING PROGRAM
Highlights from drilling at Bonza Sur are outlined below (not true width). Detailed results are provided at the end of this release (see Appendix 1).
Bonza Sur Exploration Highlights (not true widths):
- Drill hole BLP-2024-107 intersected 2.01 grams per tonne ("g/t") of gold ("Au") over 113.30 m from 6.5 m, including:
- 3.10 g/t Au over 54.80 m from 6.5m, with:
- 8.59 g/t Au over 9.0 m
- 3.10 g/t Au over 54.80 m from 6.5m, with:
- Drill hole BLP-2024-128 intersected 1.96 g/t Au over 102.60 m from 57.30 m, including:
- 3.84 g/t Au over 41.40 m from 111.3m, with:
- 7.24 g/t Au over 11.60 m
- 3.84 g/t Au over 41.40 m from 111.3m, with:
- Drill hole BLP-2024-123 intersected 1.54 g/t Au over 126.70 m from 77.10 m including:
- 4.11 g/t Au over 31.35 m from 77.10m, with:
- 13.75 /t Au over 9.00m
- 4.11 g/t Au over 31.35 m from 77.10m, with:
- Drill hole BLP-2024-133 intersected 1.01 g/t Au over 125.70 m from 0.0 m including:
- 3.32 g/t Au over 22.10 m from 86.80m, with:
- 7.81 g/t Au over 6.40m
- 3.32 g/t Au over 22.10 m from 86.80m, with:
NEAR-MINE PROGRAM
The near-mine exploration program continues to build on the unique potential of
Over recent months, drilling has expanded the Bonza Sur target to the north and at depth and results reveal areas for further growth. A total of 6,096 metres across 16 holes was completed in the second quarter at Bonza Sur with assay results presented in Table 1 at the end of this release. Results are still pending for some drill holes.
What was initially discovered by drilling a geochemical soil anomaly located 1 kilometre south of the FDN mine,
Recent results, shown in Tables 1 and 2 at the end of this release, continue to show an inner higher-grade core associated to hydrothermal alteration with vein/veinlet zones of quartz and minor chalcedony or manganoan-carbonate within a lower-grade gold zone represented by silica-illite and sulfides. The recent drill hole BLP-2024-107 for example, starts in a higher-grade gold zone close to the surface (3.10 g/t Au over 54.80m, including 8.59 g/t Au over 9.0 meters), and is surrounded by wide disseminated gold mineralization (2.01 g/t Au over of 113.10 m from 6.5m depth).
The distinct gold mineralization styles found at Bonza Sur are currently under review and could provide optionality for mining. A metallurgy study is planned for 2024 and announcement of a maiden mineral resource is expected in the first half of 2025. Currently, four rigs are turning at Bonza Sur, focused on increasing drilling spacing in the core zone, along the south extension and at depth.
A metallurgical program has already begun for
Drilling Program Expansion
Based on recent exploration results, the Company plans to increase its 2024 near-mine drilling program by 10,000 metres to a minimum of 56,000 metres. This is expected to result in an estimated cost increase of
Figure 1:
Figure 2:
Figure 3:
Qualified Persons
The technical information contained in this News Release has been reviewed and approved by
Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in
About
The Company's board and management team have extensive expertise in mine operations and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices.
Additional Information
The information in this release is subject to the disclosure requirements of
Caution Regarding Forward-Looking Information and Statements
Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information. Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.
This press release contains forward-looking information in a number of places, such as in statements relating to the Company's exploration plans, activities and results, including the plans to release a resource estimate on
APPENDIX 1
Table 1: Drillhole assay results from the near-mine drilling program at Bonza Sur reported for thickness versus grade intervals above 14 (m x g/t Au >14). Drill hole intercepts are reported in drill core lengths
Hole ID |
Type |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Target |
Zone |
AMN-2024-110 |
|
548.7 |
554.7 |
6 |
3.43 |
1.08 |
AMN |
Surface |
AMN-2024-110 |
including |
552.7 |
554.7 |
2 |
9.2 |
2.35 |
||
AMN-2024-124 |
|
138.1 |
152.4 |
14.3 |
0.46 |
16.97 |
AMN |
Surface |
AMN-2024-124 |
including |
143.5 |
144.5 |
1 |
2.58 |
79.2 |
||
AMN-2024-131 |
|
58.5 |
79.35 |
20.85 |
0.99 |
1.40 |
AMN |
Surface |
BLP-2024-106 |
|
417.6 |
424.5 |
6.9 |
2.41 |
8.83 |
|
Surface |
BLP-2024-106 |
including |
421.8 |
424.5 |
2.7 |
5.63 |
15.14 |
||
BLP-2024-107 |
|
6.5 |
119.8 |
113.3 |
2.01 |
8.24 |
|
Surface |
BLP-2024-107 |
including |
6.5 |
61.3 |
54.8 |
3.1 |
8.32 |
||
BLP-2024-107 |
with |
6.5 |
15.5 |
9 |
8.59 |
19.86 |
||
BLP-2024-107 |
with |
52.2 |
62.3 |
10.1 |
6.42 |
7.27 |
||
BLP-2024-108 |
|
25.4 |
27.2 |
1.8 |
2.8 |
2.95 |
|
Surface |
BLP-2024-108 |
|
75.7 |
76.7 |
1 |
1.09 |
19.55 |
||
BLP-2024-111 |
|
58.4 |
63.2 |
4.8 |
2.11 |
5.79 |
|
Surface |
BLP-2024-111 |
including |
60.2 |
62.2 |
2 |
3.37 |
6.11 |
||
BLP-2024-112 |
|
No Significant Results |
|
Surface |
||||
BLP-2024-115 |
|
73.4 |
187.7 |
114.3 |
1.31 |
6.14 |
|
Surface |
BLP-2024-115 |
including |
146.4 |
172.2 |
25.8 |
3.18 |
10.6 |
||
BLP-2024-115 |
with |
147.3 |
151.7 |
4.4 |
4.99 |
22.04 |
||
BLP-2024-115 |
with |
170.2 |
173.2 |
3 |
5.98 |
8.96 |
||
BLP-2024-116 |
|
225.8 |
319.1 |
93.3 |
1.21 |
37.86 |
|
Surface |
BLP-2024-116 |
including |
266.2 |
319.1 |
52.9 |
1.96 |
62.22 |
||
BLP-2024-116 |
with |
268.1 |
271.2 |
3.1 |
5.87 |
92.1 |
||
BLP-2024-116 |
with |
301.1 |
306.05 |
4.95 |
4.43 |
136.73 |
||
BLP-2024-118 |
|
258.85 |
400 |
141.15 |
1.06 |
43.76 |
|
Surface |
BLP-2024-118 |
including |
273.25 |
301.3 |
28.05 |
3.09 |
28.48 |
||
BLP-2024-118 |
with |
292 |
296 |
4 |
18.54 |
101.3 |
||
BLP-2024-119 |
|
No Significant Results |
|
Surface |
||||
BLP-2024-123 |
|
77.1 |
203.8 |
126.7 |
1.54 |
9.84 |
|
Surface |
BLP-2024-123 |
including |
77.1 |
108.45 |
31.35 |
4.11 |
7.91 |
||
BLP-2024-123 |
with |
77.1 |
86.1 |
9 |
13.75 |
12.4 |
||
BLP-2024-128 |
|
57.3 |
159.9 |
102.6 |
1.96 |
10.45 |
|
Surface |
BLP-2024-128 |
including |
111.3 |
152.7 |
41.4 |
3.84 |
15.62 |
||
BLP-2024-128 |
with |
133 |
144.6 |
11.6 |
7.24 |
14.66 |
||
BLP-2024-130 |
|
5 |
33.8 |
28.8 |
1.1 |
5 |
|
Surface |
BLP-2024-130 |
including |
21.3 |
23 |
1.7 |
3.63 |
7.74 |
||
BLP-2024-130 |
|
46.3 |
59.5 |
13.2 |
0.77 |
3.31 |
||
BLP-2024-133 |
|
0 |
125.7 |
125.7 |
1.01 |
4.67 |
|
Surface |
BLP-2024-133 |
including |
86.8 |
108.9 |
22.1 |
3.32 |
8.56 |
||
BLP-2024-133 |
with |
86.8 |
93.2 |
6.4 |
7.81 |
7.23 |
||
BLP-2024-133 |
with |
104.8 |
108.9 |
4.1 |
4.15 |
24.38 |
||
BLP-2024-133 |
|
260.1 |
261.1 |
1 |
3.12 |
5.72 |
||
BLP-2024-140 |
Pending Results |
|
Surface |
|||||
BLP-2024-141 |
Pending Results |
|
Surface |
|||||
BLP-2024-143 |
Pending Results |
|
Surface |
|||||
BLP-2024-143-D1 |
Pending Results |
|
Surface |
Table 2: Bonza Sur Collar Drill Holes
Hole ID |
Target |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
EOH (m) |
Drilling Type |
Year |
AMN-2024-110 |
Aguas Mesas |
778824 |
9579707 |
1685 |
270 |
-50 |
581.25 |
Surface |
2024 |
AMN-2024-124 |
Aguas Mesas |
778827 |
9579707 |
1685 |
89 |
-44 |
404.20 |
Surface |
2024 |
AMN-2024-131 |
Aguas Mesas |
778823 |
9579707 |
1685 |
270 |
-40 |
553.35 |
Surface |
2024 |
BLP-2024-112 |
|
778297 |
9581430 |
1461 |
84 |
-40 |
240.20 |
Surface |
2024 |
BLP-2024-115 |
|
778625 |
9580996 |
1504 |
265 |
45 |
269.15 |
Surface |
2024 |
BLP-2024-116 |
|
778652 |
9581179 |
1521 |
255 |
52 |
340.00 |
Surface |
2024 |
BLP-2024-118 |
|
778626 |
9580996 |
1504 |
265 |
65 |
408.20 |
Surface |
2024 |
BLP-2024-119 |
|
778295 |
9581430 |
1461 |
120 |
-64 |
451.00 |
Surface |
2024 |
BLP-2024-123 |
|
778613 |
9580905 |
1508 |
270 |
-48 |
236.60 |
Surface |
2024 |
BLP-2024-128 |
|
778343 |
9581540 |
1461 |
95 |
-50 |
436.35 |
Surface |
2024 |
BLP-2024-130 |
|
778575 |
9580790 |
1501 |
270 |
-66 |
342.10 |
Surface |
2024 |
BLP-2024-133 |
|
778576 |
9580790 |
1499 |
270 |
-72 |
449.70 |
Surface |
2024 |
BLP-2024-140 |
|
778616 |
9580904 |
1508 |
88 |
-67 |
500.75 |
Surface |
2024 |
BLP-2024-141 |
|
778688 |
9580440 |
1578 |
89 |
-70 |
323.20 |
Surface |
2024 |
BLP-2024-143 |
|
778816 |
9581523 |
1449 |
269 |
-45 |
198.70 |
Surface |
2024 |
BLP-2024-143-D1 |
|
778816 |
9581523 |
1449 |
269 |
-45 |
361.30 |
Surface |
2024 |
SOURCE