Bathurst Metals (TSE:BMV) has released an update.
Bathurst Metals Corp. has revealed promising assay results from its initial drill program at the Peerless Gold Project, indicating the discovery of high-grade gold within an unexpected geological setting. The drilling, which totaled 702 meters across four holes, uncovered significant gold mineralization in ultramafic rocks, suggesting the potential for a larger gold system in the area. These findings mark an encouraging development for the Bralorne mining camp region, as ultramafics are not typically known for hosting gold deposits.
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