Goldflare Exploration (TSXV:GOFL) finished its drill targets assessment and ground preparation works on the Condor property.
The company met its pre-set conditions to commence with a limited drill target on high potential gold targets at the Condor property. The new potential is based on prospecting results the company put out in 2021.
“We have built a solid exploration project over the last twelve months, working using good practices, as with the use of varied and innovative exploration approaches. We have never been this close to progress at steady pace with multiple high potential drill targets distributed on multiples trends. We can only recall that the Condor target is hosted in one of these syenite intrusion which are responsible for many major deposits which have made the Abitibi’s gold potential known during the last century,” said Ghislain Morin, president and CEO.
Goldflare Exploration is a Canadian-based gold exploration junior with properties in the Aiguebelle-Goldfields, Syenite Condor, Ranger, Windfall, Agar and Mountain properties. It also has a 50 per cent interest in the Destorbelle property.
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The Condor project
More specifically, the Condor project is located 35 kilometers northeast of Royn-Noranda, Quebec, at the eastern extension of the Porcupine-Destor Breka. It’s part of a 2,910 hectare land package with other claims that Goldflare holds interest. The company discovered gold in 2021 during its first prospecting program, and in the coming months finished exploration work like the stripping of Condor-1.
After that, the team performed a soil geochemistry survey doubled by a OreVision ground survey. The company decided to drill based on these results. The first drill program made twelve short holes and found a 100 metre wide gold bearing structure.
Goldflare has used a combination of explorations methods. These include structural interpretation, soil geochemistry and a OreVision geophysics survey to find blind high potential gold targets. These methods interpreted three main trends over strike length of two kilometers. This resulted in eleven drill targets.
Condor targets include:
- This second phase of works will be made of about 3,000 metres distributed in about twelve holes.
- The first objective will expand the Condor showing to the northwest by making steps out of 50 metres, 100 metres and 200 metres for a total strike length of about 600 metres. This means the company will drill between 4 and 8 holes to assess the position of the Condor 1 showing along strike.
- The company will also test an inventory of alternative targets. These begin about 200 metres to the south-west of Condor 1, including a chargeability anomaly observed on two lines about 200 metres apart which can be correlated to a north-south interpreted structure. This will mean planning for a minimum of four holes to cross the geophysics anomalies.
- About 1.5km to the north-west of Condor 1, a third structures corresponding to a group of geophysics and geochemistry targets will also be tested with this program.
The project came out of an approach developed by Goldflare to assess the potential of the gold of the Clericy syenite intrusion, which is an area that hasn’t been explored in the past. Over the past few months the company has busied itself with field work to refine its drilling approach. It’s now in the final preparation efforts, including mobilizing drilling equipment, which will be ready to go by the end of October.