Winston Gold Corp. Successfully Drills Five Geotech Holes
WINNIPEG, Manitoba, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Winston Gold Corp. (“Winston Gold” or the “Corporation”) (CSE:WGC) (OTCQB:WGMCF) is pleased to announce that the Company has successfully drilled five holes at the proposed location of the new underground portal. These holes were designed to locate old workings, if any, and determine the condition of the rock along its path for ground support purposes.
The drill holes determined that the first 80 ft. (24.4 metres) of the proposed portal are characterized by moderately fractured rock with no major faults or unsupportable ground. Traditional ground support measures such as bolts, metal strips, and screens will be enough for support.
Beyond that point and up to about 450 ft. (137 metres) along the planned route of the portal, the rock is very solid with only occasional small faults. The current portal is anticipated to be 900 ft (274 metres) long and enable access to the Block 93 and Parallel vein systems.
“This is another important step forward on the path to commencing a test mining operation at the historic Winston Gold Mine,” commented Murray Nye, CEO of Winston Gold Corp.
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 an under-explored and under-exploited gold/silver mining opportunity, being the 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 press release contains forward-looking statements. The words or phrases ''would be,'' ''will allow,'' ''intends to,'' ''will likely result,'' ''are expected to,'' ''will continue,'' ''is anticipated,'' ''estimate,'' ''project,'' or similar expressions are intended to identify ''forward-looking statements.'' All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company operates; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, and sign new agreements. For a more detailed description of the risks and uncertainties affecting PV Nano Cell, reference is made to the Company's latest Annual Report on Form 20-F which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by the Company in reports filed with, or furnished to, the SEC. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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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:
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