Exploration Drilling Program Commences At Hickey’s Pond Gold Project

VANCOUVER - Burin Gold Corp. reported that drilling operations have commenced at its Hickey’s Pond – Paradise Gold Project (HPP Project) on the Burin Peninsula in southeastern Newfoundland. The first of two planned diamond drills has been mobilized to site and has started drilling at the Hickey’s Pond prospect. A minimum of 10,000 m of diamond drilling is planned for the property in 2022. This will include the first phase of a resource definition program at Hickey’s Pond, as well as exploration drilling of several of the other high priority, yet to be drill tested targets on the property.

Drilling has commenced on the historical Hickey’s Pond showing. The Company’s initial scout drilling in 2020 obtained a best result of 10.8 m of 4.43 g/t Au within a larger interval of 58.25 m of 1.12 g/t Au in hole HP-20-002. Overall, the footprint of the alteration system around Hickey’s Pond is over 7 km in strike length, and less than 10% of this has received even cursory drill testing.

The first ten drill holes of the 2022 program will be located on the Hickey’s Pond showing, as follow-up drilling to the Company’s 2020 scout drill holes. The new holes are designed to both expand the footprint of mineralization along strike, provide infill drilling for resource modeling, and test down-dip of the mineralized structure for continuity of mineralization to depth. A map of planned drilling on the Hickey’s Pond knob, showing systematic drill testing of the mineralized outcrop. A total of 1,900 m in ten diamond drill holes are planned for the area of the historical showing, drilled on four 50 m spaced sections.

Chief Executive Officer, David Clark, PGeo, said, “I am pleased that our exploration team in Newfoundland has mobilized a diamond drill quickly to start our 2022 drill program. We have many excellent targets to test, so an early start will maximize the amount of drilling we can complete this year at Hickey’s Pond and elsewhere on the property. We anticipate that, with current assay laboratory backlogs, gold assay results for the first drill holes should be available in mid-April. However, our 2020 drill program has given us a good understanding of the appearance of the mineralized units at Hickey’s Pond, so while gold assay results are pending, we should be able to keep our shareholders updated with geological descriptions of alteration and mineralization observed in the drill holes.”

A second diamond drill is planned for mobilization in the upcoming weeks. The selection of drill targets for the second drill will be dependent on the long-term weather forecast for the remainder of winter on the Burin Peninsula. Along-strike drilling at Hickey’s Pond to quickly expand the footprint of alteration and mineralization and early testing of other undrilled high priority targets are both planned; the order of drilling will proceed in the most efficient manner possible.