{"id":555,"date":"2019-09-12T17:37:15","date_gmt":"2019-09-12T17:37:15","guid":{"rendered":"http:\/\/magnumgoldcorp.com\/?p=555"},"modified":"2021-08-10T17:38:06","modified_gmt":"2021-08-10T17:38:06","slug":"magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c","status":"publish","type":"post","link":"http:\/\/magnumgoldcorp.com\/index.php\/2019\/09\/12\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\/","title":{"rendered":"Magnum Goldcorp Commences 2019 Exploration Program on its LH Gold Exploration Property, B.C."},"content":{"rendered":"\n<p><strong>West Vancouver, British Columbia \u2013 <\/strong>September 12, 2019 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum Goldcorp\u201d) announces that it has commenced its 2019 exploration program on its \u201cLH\u201d gold exploration property (the \u201cLH Property\u201d). The LH Property consists of 19 contiguous crown granted claims and seven mineral claims located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property is via Highway 6 for 1.1 km south of Silverton and then via Red Mountain Road for 1.6 km to the Hewitt Mine Road, then along a four-wheel drive road along Fingland Creek for approximately 5 km.<\/p>\n\n\n\n<p>The drill has been mobilized to New Denver, B.C. for the 2019 exploration program.&nbsp; The Company is undertaking a short diamond drill program to continue evaluation of the \u201cLH Underground\u201d workings in the upper Fingland Creek basin from the pad constructed in 2017. The program is expected to further develop the sub-surface, high-grade gold mineralization previously identified and drill tested (see the Company\u2019s news releases dated August 18, 2015 and February 8, 2018). Furthermore, the program is expected to ground-proof the results of the airborne drone magnetic survey completed in 2018 (see the Company\u2019s news release dated April 11, 2019).<\/p>\n\n\n\n<p>A series of short drill holes (totalling approximately 250 m) are proposed from the same drill pad used for the fall 2017 program, on two separate azimuths, if practical.&nbsp; The intent is to drill a vertical fan of at least two holes on each azimuth towards the 2015 pad location from which multiple intervals of high grade, gold-bearing intercepts were documented.&nbsp; These short holes are expected to confirm the true thickness of one, or more, mineralized intervals, as well as providing additional high grade, gold-bearing intercepts with which to potentially develop an initial mineral resource.<\/p>\n\n\n\n<p>The 2015 drill intercepts are interpreted to be located at a transition from, essentially, vein-style (i.e. structurally controlled) high grade mineralization (to the east) to moderate grade, diffuse alteration halo-style mineralization (to the west).&nbsp; This transition is interpreted to be documented by the association of a narrow, high amplitude magnetic anomaly associated with high grade gold-bearing drill intercepts (from the 2015 drill program) and broader, low to moderate amplitude magnetic anomalies associated with moderate grade gold-bearing intercepts (from the 2017 drill program).&nbsp; The 2019 program is expected to further validate this interpretation, particularly with respect to using the high-resolution magnetic data for targeting future drill holes.<\/p>\n\n\n\n<p>The mineralized system is interpreted to strike essentially east-west and dip steeply to the north.&nbsp; Subsurface drill hole intercepts correlate well with historical mineralized samples reported from mineralization exposed in Level 1 and are interpreted to define a vein-style system which extends to depth just south of Level 3 (the lowest level of development in the LH Underground workings). The 2019 program is expected to better define the structurally controlled, mineralized system, both along strike and to depth.<\/p>\n\n\n\n<p>This news release has been reviewed and approved by Rick Walker, P. Geo., who is acting as the Company\u2019s Qualified Person for the LH Property project, in accordance with regulations under NI 43-101.<\/p>\n\n\n\n<p>For further information email <a href=\"mailto:info@waterfrontgroup.com\">info@waterfrontgroup.com<\/a> or visit the Company\u2019s website at www.magnumgoldcorp.com.<\/p>\n\n\n\n<p><strong>Magnum Goldcorp Inc.<\/strong><em><\/em><\/p>\n\n\n\n<p>\u201cDouglas L. Mason\u201d<\/p>\n\n\n\n<p>&nbsp;<strong>Douglas L. Mason, Chief Executive Officer<\/strong><\/p>\n\n\n\n<p><em>Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the<\/em><em><\/em><\/p>\n\n\n\n<p><em>Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release<\/em><\/p>\n\n\n\n<p><em>This news release includes certain statements that may be deemed \u201cforward-looking statements\u201d within the meaning of applicable securities legislation. All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Forward looking statements are generally, but not always, identified by the words \u201cexpects\u201d, \u201cplans\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201csuspects\u201d, \u201cinterprets\u201d, \u201cintends\u201d, \u201cestimates\u201d, \u201cprojects\u201d, \u201ctargets\u201d, \u201cpotential\u201d and similar expressions, or that events or conditions \u201cwill\u201d, \u201cwould\u201d, \u201cmay\u201d, \u201ccould\u201d, or \u201cshould\u201d occur. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.<\/em><em> <\/em><em>&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Vancouver, British Columbia \u2013 September 12, 2019 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum Goldcorp\u201d) announces that it has commenced its 2019 exploration program on its \u201cLH\u201d gold exploration property (the \u201cLH Property\u201d). The LH Property consists of 19 contiguous crown granted claims and seven mineral claims located [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-555","post","type-post","status-publish","format-standard","hentry","category-news-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magnum Goldcorp Commences 2019 Exploration Program on its LH Gold Exploration Property, B.C. - Magnum Goldcorp Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/magnumgoldcorp.com\/index.php\/2019\/09\/12\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magnum Goldcorp Commences 2019 Exploration Program on its LH Gold Exploration Property, B.C. - Magnum Goldcorp Inc.\" \/>\n<meta property=\"og:description\" content=\"West Vancouver, British Columbia \u2013 September 12, 2019 \u2013 Magnum Goldcorp Inc. (the \u201cCompany\u201d or \u201cMagnum Goldcorp\u201d) announces that it has commenced its 2019 exploration program on its \u201cLH\u201d gold exploration property (the \u201cLH Property\u201d). The LH Property consists of 19 contiguous crown granted claims and seven mineral claims located [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/magnumgoldcorp.com\/index.php\/2019\/09\/12\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Magnum Goldcorp Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-12T17:37:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-10T17:38:06+00:00\" \/>\n<meta name=\"author\" content=\"Valerie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Valerie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2019\\\/09\\\/12\\\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2019\\\/09\\\/12\\\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\\\/\"},\"author\":{\"name\":\"Valerie\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/#\\\/schema\\\/person\\\/900cdc19b30915d5af8ed160355eff94\"},\"headline\":\"Magnum Goldcorp Commences 2019 Exploration Program on its LH Gold Exploration Property, B.C.\",\"datePublished\":\"2019-09-12T17:37:15+00:00\",\"dateModified\":\"2021-08-10T17:38:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2019\\\/09\\\/12\\\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\\\/\"},\"wordCount\":842,\"articleSection\":[\"News Releases\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2019\\\/09\\\/12\\\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\\\/\",\"url\":\"http:\\\/\\\/magnumgoldcorp.com\\\/index.php\\\/2019\\\/09\\\/12\\\/magnum-goldcorp-commences-2019-exploration-program-on-its-lh-gold-exploration-property-b-c\\\/\",\"name\":\"Magnum Goldcorp Commences 2019 Exploration Program on its LH Gold Exploration Property, B.C. - 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