Vancouver, BC, Canada – October 21, 2021 – Gold Line Resources Ltd. (TSX-V: GLDL) (“Gold Line”) (the “Company”) is pleased to announce successful initial results from the base of till/top of bedrock (“BoT/ToB”) drilling program at its Paubäcken gold project in Sweden (Figure 1). The Company has been drilling reconnaissance BoT/ToB holes through glacial till materials and several meters into the underlying bedrock. The intent of the program is to test previously unexplored areas for signs of gold mineralization, either in the glacial till materials (dispersion signals from nearby sources of gold mineralization) or in the underlying bedrock, understood to be a direct signal of gold mineralization being present in the area.
Results from BoT/ToB drilling at Paubäcken include a 3 meter (m) sample of bedrock with 3.9 grams per tonne (g/t) gold (Au)1 at the Aida target, demonstrating the presence of previously unrecognized bedrock-hosted gold mineralization in the area. This, and results from adjacent holes, warranted immediate follow-up. Gold Line is currently drilling additional BoT/ToB holes in the area and is also permitting a diamond drilling program, slated for later this year.
Initial results include data from 31 BoT/ToB drill holes aimed at testing the Aida target area (Figure 2). The Aida target lies along a regional shear zone developed in greenstone host rocks of Paleoproterozoic age. There is a 3-kilometer trend of glacially transported, gold-mineralized boulders to the south of the Aida target, down the ice flow direction of glacial transport, suggesting derivation from a nearby source. Gold Line also conducted surface sampling programs across the target area (utilizing “Ionic Leach” methods), which show strong gold signatures. The coincidence of key structural features, mineralized boulders and geochemical signatures led Gold Line to prioritize the Aida area for BoT/ToB and diamond drilling.
The Paubäcken Project:
The Paubäcken Project consists of 3 licenses (17,097 ha) that cover the central part of an emerging gold belt in north central Sweden known as the “Gold Line Belt”. The Gold Line Belt is host to several significant gold deposits, including the nearby Barsele project (operated as a joint venture between Agnico Eagle Mines Ltd. and Barsele Minerals Corp, TSX:BME) as well as the Fäboliden development project (operated by Dragon Mining Ltd). The Paubäcken Project is strategically positioned between Barsele and Fäboliden and features a regional shear zone with multiple untested gold anomalies.2
Sampling:
Samples were collected in accordance with industry standard best practices. Samples were collected by X Drill 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. Till 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.
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.
