FOR IMMEDIATE RELEASE
Vancouver, British Columbia – May 18, 2021 – General Gold Resources Inc. (formerly, CellStop Systems Inc.) (CSE: GGLD) (the “Company“) is pleased to announce that it has received all drilling permits needed to commence its current Clark’s Brook exploration program. The Clark’s Brook property is comprised of 31 claim units in central Newfoundland and surrounded on three sides by the Queensway Project (see map below), currently being explored and drilled by New Found Gold Corp. (TSXV: NFG) (OTC: NFGFF).
“Here at General Gold we are excited to continue to explore Clark’s Brook, especially given all of the positive activity currently underway near us in Newfoundland. Our current program is fully funded and will follow up on the successes of the previous drill campaigns undertaken in 2017-2019. There has never been a better time to be exploring in Newfoundland. The Fraser Institute clearly agrees, recently naming Newfoundland and Labrador among the top ten worldwide mining jurisdictions,” said President, Michelle Gahagan.
The Clark’s Brook property consists of claims originally staked in 2016, covering two auriferous showings first discovered in 2003.
As part of the earlier geological mapping and prospecting program, discoveries were made at both the Clark’s Brook East (“CBE”) and West (“CBW”) zones. On the CBE gold zone, seven representative grab samples were attained, each comprised of material from several mineralized boulders that assayed between 2.98g/t and 24.5g/t gold with an average of 7.93g/t gold. The CBW gold zone discovery was first made in mineralized boulders returning 8.9g/t and 9.28g/t gold.
The gold mineralization on the CBE area occurs in moderately to strongly silicified siltstones brecciated by a network of thin, commonly vuggy quartz veins. Boulders at the site, ranging from 0.5 to 2m3 in size, host 15-25% vein material with trace to minor pyrite and arsenopyrite. Grab samples range between 0.25g/t and 24.5g/t, with elevated silver, molybdenum, arsenic and antimony. The underlying bedrock contains less mineralization and silicification with smaller and less concentrated vein material but still carries gold mineralization to 1.3g/t gold. At the CBW zone, grab samples of outcrop and boulders returned assays ranging from anomalous to 9.28g/t gold with anomalous values in silver, lead, zinc and cadmium.
Garry Clark, P. Geo., of Clark Exploration Consulting, is the “qualified person” as defined in NI 43-101, who has reviewed and approved the technical content in this press release.
About General Gold Resources Inc.
General Gold Resources Inc. is an independent mineral exploration company based in Vancouver, British Columbia that is engaged in the business of exploring for and evaluating mineral properties. General Gold is currently exploring the 770 hectare Clark’s Brook Property in central Newfoundland. The property has been the subject to previous exploration which resulted in gold samples of up to 19.25 g/t with a gold average of 4.08 g/t.
For further information, please contact:
General Gold Resources Inc.
Michelle Gahagan, President
T: (604) 639-4452
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