GCGC’s initiative of disrupting the gold mining industry with blockchain and decentralized finance is right on track to success.
Gold Bonanza Found
The results of the drilling process in the A1, A2, A3 & B1 areas of the Keyla 2 property in Chile have shown great potential for high-grade gold.
Through January, GCGC’s mining partner Trident Minerals has explored the Keyla 2 property, with DDH13 (Diamond Drill Hole) intercepting block A1 with 1.7m true width at 45.47 Au gpt (grams of gold per tonne).
Another two very high-grade intersections around these blocks are: DDH14–0.58m width @ 46.03 Au gpt and DDH15 2.08m width @ 7.64 Au gpt.
While block A3 was intercepted with exceptional results by DDH19 0.78m width @ 94.6 Au gpt.
Measured resources of 1,706 tonnes at 38.38 Au gpt and 2,105 ounces have now been estimated for block A1.
Indicated resources of 1,007 tonnes at 34 Au gpt and 1,100 ounces have now been estimated for block A2. This is from current drilling results. The pre-drilling estimate for A2 was 605 tonnes @ 15.0 Au gpt totaling 292 ounces.
We are currently drilling a new hole for gold mining in the block — B2, with results expected end of February.
The Convergence of Mining and the Latest Tech
At GCGC, we have launched our Global Mining Initiative to bridge the gap between traditional mining and the latest technologies such as blockchain and decentralized finance. Our intention is to utilize blockchain technology to tokenize gold and other mineral resources, create fintech services for a more efficient transaction settlement process.
The DeFi infrastructure in our decentralized financial ecosystem will also enable GCGC to create a new and a global marketplace supported by GC Dollar that will, in the future, if regulations allow, be backed by gold.
Our partnership with Trident Minerals is a critical part of the firm’s initiative to explore the regions of Chile and Argentina and identify the most valuable mines in the region. Together, we also aim to expand our mining initiative across Zimbabwe and Indonesia.
High Grade Gold
Speaking about the drilling campaign being conducted and the grades of the new vein intercepts, Nibaldo Rojas, Geologist & Vice President of Exploration and Business Development of Trident Minerals says, “We are at the very early stages of our drilling campaign and the high grade intercepts are in line with the pre-drilling interpretation. The results are above and beyond our expectations and demonstrate the consistency of the bonanza grade in the heart of the ore shoot.”
Nibaldo Rojas further adds that the “exceptionally high grade of the intercepts” are uncommon in the mining industry and the results prove that their early geological interpretations were accurate.
He also states that “Keyla district is narrow vein ore shoots with bonanza grade. In the mining industry worldwide most deposits are wide veins or disseminated with much lower grades. As we are in the early stage drilling it is not possible to make an industry comparison of the bonanza zones of other deposits.”
At present, Trident has already drilled 965.85 meters and is now in the second stage of drilling, where they aim to drill up to 2,280 meters. The drilling plan is in line with our production goals and will be the backbone of the LOM (life of mine). Results at this early stage are already above and beyond our optimistic expectations.
The second drilling stage will help Trident properly define the resources in the present location and the regions that have not yet been exploited.
Moving Forward
With exceptional results from the previous blocks, we are expecting to see the same with the results of the new block B2 in the Keyla 2 property and the continuation of A3, hopefully across all the other regions being explored by Trident.
Continue to stay tuned for our latest updates!
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