WINNIPEG, MANITOBA / ACCESSWIRE / October 13, 2020 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC)(OTCQB:WGMCF) is pleased to provide an update on its continued underground mine development and current planning of stopes at its Winston, Montana property. To date 255' of drift has been driven on the combined Custer and Parallel veins.
The development has been driven as 10 feet x 10 feet sill drifts that allow for rubber tired underground equipment to access the area for the preparation of narrow vein stope mining above the 4,637 foot level.
The Custer vein has had 109 feet of sill drifting on one heading, while the Parallel vein has had 146 feet between two headings. True vein widths of Parallel and Custer have varied from just a few inches, to as much as 17 feet at one point on the Custer vein, with an average of about 4 feet.
The Custer vein development has produced an estimated 1,990 tons of undiluted material, while the Parallel vein development has produced an estimated 2,200 tons of partially diluted mineralized material some of which was used for lining of the mill pads. The diluted material is due to the level being developed as a haulage way for stoping above. As the sill drift development advances stopes are being planned for Parallel Vein east and west and Custer west.
In total Winston has hauled to surface 4,200 tons of mineralized rock with an average grade of 0.22 opt (7.54 gpt). This amounts to approximately 924 ounces (31, 674 grams) of gold. Silver values from the Custer vein have been elevated and are averaging 8 ounces per ton.
Presently, underground development continues at a rate of 150 tons per day. Winston is waiting for the final two pieces of equipment to complete the refurbishing upgrades to the nearby Paradine Mill so it can process the gold and silver contained within the stockpiled mill feed sample material.
Qualified Person
The scientific and technical content and interpretations contained in this news release have been reviewed, verified, and approved by Dr. Criss Capps PhD. P.Geol., an independent consultant to Winston Gold Corp. Dr. Capps is a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired the under-explored and under-exploited Winston Gold project near Helena, Montana.
The CSE has neither approved nor disapproved the information contained herein. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Winston Gold Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
For more information, please visit www.winstongoldmining.com; or contact:
Murray Nye,
Chief Executive Officer and a Director of Winston Gold
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8
Telephone: (204) 989-2434
E-mail: [email protected]
SOURCE: Winston Gold Corp.