Brightrock Gold Corp. Announces Positive Field Sampling Results With Significant Gold Concentrations, Highlighting The Potential For A Dual Mineral Resource At The Midnight Owl Project
Rhea-AI Summary
BrightRock Gold Corp. (OTC PINK:BRGC) has announced positive results from its recent field sampling campaign at the Midnight Owl Project in Arizona. The campaign revealed significant gold concentrations in multiple samples, with the highest grade observed at 11.6 grams per ton. Out of 16 samples collected, 6 met the threshold of 0.10 ppm (100 ppb) gold, representing 38% of total samples.
This discovery highlights the potential for a dual mineral resource, combining lithium and gold, at the project site. The company plans to expand its exploration activities to better understand the full scope of these findings and potential synergies between lithium and gold extraction. Next steps include a detailed follow-up mapping program and the development of a three-dimensional geological model for the entire 5000-acre project area.
Positive
- Discovery of significant gold concentrations up to 11.6 g/t in the Midnight Owl Project
- 38% of samples (6 out of 16) met the gold threshold of 0.10 ppm
- Potential for a dual mineral resource (lithium and gold) increasing shareholder value
- Plans for expanded exploration activities and development of a 3D geological model
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, BRGC gained 13.42%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
GURNEE, IL / ACCESSWIRE / September 30, 2024 / BrightRock Gold Corp. (OTC PINK:BRGC), a lithium exploration company focused on developing its flagship project, "Revival of the Midnight Owl Mine," formerly known in historical records as the "Lithium King Mine," located approximately 60 miles from Phoenix, Arizona, is pleased to announce the results from its recently concluded field sampling campaign, which revealed significant gold concentrations in multiple samples. This marks a key milestone in the ongoing exploration efforts and highlights the potential for a dual mineral resource in the project area.
Figure 1: BrightRock Gold Corp. property boundary, locally mapped geology, historic mine location, and relative location in West Arizona, USA.
During the campaign, a total of 16 samples were collected across the historic adit and surface workings identified through past XRF surveys, and many samples assayed significant gold. The results returned gold concentrations as high as [11.6 grams per ton (0.34 oz per ton)] , demonstrating the strong mineralization present at the site.
Key Highlights of the Sampling Campaign:
Sample MO-031 returned a gold concentration of [11.55 g/t].
Samples were considered with a Au 0.10 ppm (100 ppb) cutoff. A total of 6 of 16 samples met this threshold representing
38% of total samples collected.The highest grade observed was [11.6 g/t], indicating potential for high-grade gold zones within the Midnight Owl Project area.
Dual-Commodity Potential: The results suggest a unique opportunity for BrightRock to explore both lithium and gold resources within the same project, further increasing shareholder value.
LINK TO THE FULL REPORT: CLICK HERE
Mac J. Shahsavar, P.Eng., Chairman and CEO of BrightRock, commented:
"We are thrilled by these results. While our primary focus remains on lithium, the discovery of significant gold concentrations is a welcome and exciting development. This strengthens our belief in the immense potential of the Midnight Owl property. We will now look into expanding our exploration activities to better understand the full scope of these findings and the potential synergies between lithium and gold extraction."
Next Steps
Based on the encouraging results, BrightRock plans to undertake further exploration activities to delineate the extent of both lithium and gold mineralization within the project area. In the coming months, the necessary 3rd party QP will initiate a detailed follow-up mapping program to determine mineralization controls, with the goal of developing a three-dimensional geological model on the entire 5000-acre project area. Upon completion of this program, Phase Two will comprise testing this model by drilling, pursuant to completion of target delineation and securing the necessary drilling permit from the Bureau of Land Management.
The company is committed to advancing the Midnight Owl property responsibly, with a focus on delivering sustainable and long-term value to shareholders.
About BrightRock Gold Corp.
BrightRock Gold Corp. is a lithium exploration company focused on developing its flagship project "Revival of the Midnight Owl Mine". Previously known in historical records as the "Lithium King Mine," it is located approximately 13 miles east of Wickenburg, Arizona. BrightRock Gold Corp. holds
To learn more about BrightRock Gold Corp. Visit:
Corporate Website: http://brightrockgold.com/and/or https://northamericalithium.com/
Corporate Twitter: https://twitter.com/brightrock_corp
Corporate Linkedin: https://www.linkedin.com/company/brgc-corp
Corporate Instagram: https://www.instagram.com/brightrock_gold_corp/
CONTACT:
BrightRock Gold Corporation
Phone 866-600-5444
brightrockgold@gmail.com
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/BRGC/disclosure.
SOURCE: BrightRock Gold Corp.
View the original press release on accesswire.com
FAQ
What were the key findings of BrightRock Gold Corp's (BRGC) recent field sampling campaign?
How does the discovery of gold impact BrightRock Gold Corp's (BRGC) Midnight Owl Project?
What are BrightRock Gold Corp's (BRGC) next steps following the positive sampling results?
