Goldseek Resources is targeting the next major discovery in some of Canada’s most prolific gold mining camps

Interests in multiple projects in gold-rich regions of Ontario and Quebec    Proven exploration team   Management owns nearly 60% of the company’s stock  What Goldseek Resources does: Goldseek Resources Inc is on the hunt for economically viable gold deposits through its interests/ownership of six projects in Canada’s Hemlo, Detour Gold Trend, Urban Barry, and Quevillon camps, which have previously yielded some big discoveries. The Ontario-based company’s current focus is on developing the Beschefer project in Quebec, which is under a four-year 100% earn-in agreement with Wallbridge Mining Company Limited. The asset spans about 962 acres, bordering Goldseek's Southern Arm project, while also lying 30 kilometres (km) southwest of Wallbridge’s Fenelon gold property and 45 km northeast of the Casa Beradi mine.   Goldseek has noted that Beschefer contains a continuous large-scale gold-bearing structure (B -14 Zone) with known continuity and additional known parallel mineralized shear zones. At the Urban Barry camp in Quebec, where 7.1 million ounces of gold have been discovered to date, the company’s Bonanza project contains contiguous claims spanning 12,000 acres. It shares a 28 km long border with Osisko Mining Inc's Great Bear target, where up to 3.07 grams per tonne (g/t) gold, 26.2 g/t silver and 0.43% copper were found. Goldseek has completed an initial 1,800 metre (m) drill program at Bonanza with results pending. The company also owns the Southern Arm project, with its contiguous claims covering 8,000 acres on the Detour Gold Trend, 10 km south of Wallbridge Mining’s Fenelon asset. Goldseek has three targets here, all spatially related to the Bapst fault, where the company has 7.3 km of strike length. As well, Goldseek’s 5,000-acre Horizon property is situated in the Hemlo mining camp, which has produced more than 21 million ounces of gold over three decades. The site benefits from roads, rail, power and skilled labour, all nearby. The company, meanwhile, also owns the 8,175 hectares Val D’Or North project located 38 km northeast of Val d’Or, Quebec. Goldseek said a recent review of the soil geochemistry data indicates the presence of multiples polymetallic (silver, copper, zinc) trends in the northern area of the property.  And at its Quevillon West project, which spans 67,000 acres and is situated between the Sleeping Giant Mine owned by Abcourt Mines and Osisko Mining’s Osborne-Bell deposit, a systematic till sampling survey will be performed to test multiple targets on the property, including the Maizerest shear zone and the Vanier- Dalet-Poirier Group of targets. Goldseek Resources is led by CEO Jon Deluce, a former manager at Ernst & Young specializing in mining and metals, who has worked with numerous NYSE and TSX listed intermediate mining companies.   How is it doing: Goldseek announced on July 8, 2021, that it was preparing to begin a 5,000-meter (m) drill program this month on its Beschefer Project in Quebec.  The company noted a combination of infill and expansion targets are planned with a focus on extending the historical high-grade zones that included 55.63 grams per tonne (g/t) gold over 5.57m. Goldseek said it considers Beschefer an advanced gold exploration project with significant near-term resource potential, with mineralization that shows high-grade gold-bearing structures hosted in a lower grade envelope, which highlights the regional potential along the already defined shear zones located on the property. It added that it was currently finalizing its 3D model of the multiple gold zones/lenses at the project and would release the model and full drill targeting details over the coming weeks In May, Goldseek had revealed its development strategy for the Beschefer project, which includes some independent phases that will be advanced in preparation of a 5,000m maiden drill program in 2021, such as completing an update of the 3D geological model and reviewing historical data and old drill results.  It noted that the best intersections on the property include 55.63 g/t gold over 5.57m; 3.56 g/t gold over 28.4m; 10.28 g/t gold over 8m; and 12.40 g/t gold over 3.78m. True width in these sections varies between 89% and 99% of the intercepted width. Earlier in June, Goldseek had also announced that it had started exploration at four targets at the Val D’Or North project in Quebec. A till sampling survey in 2020 generated the targets and now Goldseek is following up to better define anomalies associated with each. The program consists of a soil sampling survey for each target, followed by a short prospecting phase, the company told investors. Target 3 is a very intense anomaly and has the highest calculated parts per billion (ppb) gold values, at 295ppb, 380ppb and 1747ppb of the yellow metal; Target 2 is south of the Lavoie-Simard showing and has been described as a molybdenum-copper-gold-zinc showing, returning up to 3.32% moly, 0.2% copper, 2.06% zinc, 1.03g/t gold and 5.14g/t silver; and Target 1 lies north of the Mogul showing and has been described as a VMS system, while Target 4 is a small cluster of medium to high total gold grains. During April, Goldseek had told investors that initial results from a maiden soil till program at its Val D'Or North property in Quebec exceeded expectations. The survey comprised the collection of about 15 kilograms (kg) of B-Horizon material along access roads, totalling 124 samples, over a total of 265 visited stations and partial results have now been received. The work identified four targets for follow-up and the highest calculated gold value was 1,747 parts per billion (ppb). In the same month, the company had reported results from a Mobile Metal Ion (MMI) soil survey at its Horizon (Hemlo) project in Ontario, which it said added a fifth target to the property for priority follow-up. This target, called D, sits on the project's southern border, which is shared with Barrick Gold’s Hemlo lease. And earlier in 2021, Goldseek reported that it had completed its extended drill program at the Bonanza property, noting “encouraging” visual observations from two holes. The holes were sunk to hit mineralization that may be associated with the gold anomaly found at surface in a trench, which found 0.64 g/t gold over 1m. The company also said mineralization of interest was found between 31.2m and 31.9m and between 43.25 and 50.15m. It added that the drilling also revealed other intersections with significant mineralization along targeted anomalies.   Inflection points: Initial drilling results at the Beschefer project  Maiden resource estimate at Beschefer by 2022  First drill program at Southern Arm What the boss says: In the company's July 6, 2021, update, Goldseek Resources CEO Jon Deluce said: “We are excited to start our first drill program on the Beschefer Project, which has demonstrated size and grade potential. Since announcing the option to earn 100% of the Project in March 2021, we have been busy modelling the mineralized system currently defined by relatively widely spaced drilling,” “The modelling has confirmed continuity, and the historical results highlight the significant high-grade potential in the system. We look forward to releasing details on our model and detailed drill plans shortly,” Deluce added. Contact the author at jon.hopkins@proactiveinvestors.com