Vancouver, BC, Canada – August 10, 2021 – Gold Line Resources Ltd. (TSX-V: GLDL, Frankfurt: 4UZ, WKN: A2QGWC, OCTQB: TLLZF) (“Gold Line” or the “Company”) is pleased to announce successful results from the base of till/top of bedrock (BoT/ToB)) sampling program as well as completion of an Unmanned Airborne Vehicle (UAV) Magnetic Survey at the Storjuktan Project. The company successfully completed the collection of 191 of 269 BoT/ToB samples of a program which is designed to be completed over two seasons (Figure 1). The company also completed 544 line-km of UAV magnetics which covered a 24 km2 area at 50m spacing flown 35m above ground level (Figure 2). The goal of these surveys was to refine gold (Au) anomalies and increase precision of existing geophysics with the intention to successfully target diamond drillholes (DDH) in 2021.
The program was successful and confirmed the extension of gold mineralization along strike from Långtjärn target and included results up to 1.27 grams per tonne (g/t) Au in top of bedrock (ToB) samples. These positive results expand the existing area of known gold mineralization and provide additional clarity and understanding such that the company is comfortable targeting drillholes that have a high probability of success.
Previous exploration efforts identified extensive mineralization through limited historical drilling and more recently with geochemical and geophysical programs. The target contain historical drill-defined zones of mineralization which remain open at depth and along strike with intercepts including 6.9m @ 3.0 g/t Au (DDH88012) and 2.1m @ 4.5 g/t Au (DDH88013) at Långtjärn.1 At the Långtjärn target, it was postulated that mineralization around historic drillholes extended and even intensified to the south. This BoT/ToB program confirms this hypothesis and expands the surface area of known gold mineralization by twice its initial size (Figure 2).
The Storjuktan Project:
The Storjuktan Project is made up of a series of eight licenses (31,428 ha) that cover the northern extension of an emerging gold district, formally named the “Gold Line” (Figure 3). The Gold Line is host to several mines including ongoing exploration at the nearby Barsele project (operated as a joint venture between Agnico Eagle Mines Ltd. And Barsele Minerals Corp) as well as the Fäboliden development project (operated by Dragon Mining Ltd). The Company controls a large portfolio that strategically covers the northern and southern extensions of the Gold Line and is the largest holder of mineral rights in the district.
The BoT/ToB sampling approach has been successfully utilized as an exploration technique throughout Fennoscandia for many years and remains the most widely applied tool for targeting and making new discoveries. Successful examples include the recent discoveries of satellite gold deposits on Rupert Resources (TSX.V: RUP) Pahtavaara gold property in Finland, and Anglo American Plc’s Sakatti nick-copper discovery, also in Finland.2
Sampling:
Gold Line samples were collected in accordance with industry standard best practices. Samples were collected by Lejon Geo AB and submitted for preparation at the ALS lab in Malå. Accredited control samples (blanks and accredited standards) are inserted into the sample intervals regularly. Bedrock samples crushed to 70% less than 2mm, rotary split off 250g, pulverize split to better than 85% passing 75 microns. Pulps are analyzed at the ALS lab in Ireland with a four-acid digestions and ICP-MS finish. Soil samples are dried <60°C/140°F, sieved to -180 micron (80 mesh) and both fractions are retained. Sieved samples are subject to aqua-regia digestions and analyzed with full multi-element geochemical suite and ICP-MS super trace gold method.
“We are seeing further success on the base of till programs we are running on the Gold Line Belt. This now positions the company with High Priority drill targets in our northern extension of the belt on known mineralized areas with significant historical high-grade intercepts. We are eagerly anticipating taking the next steps with diamond drilling these targets. We have seen the success of this base of till strategy with Rupert Resources’ recent success in Finland and will continue to leverage techniques that advance our projects systematically,” stated Adam Cegielski
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a Qualified Person.
