WINNIPEG, MANITOBA / ACCESSWIRE / September 5, 2019 / Winston Gold Corp. (“Winston Gold” or the “Corporation”)(OTCQB:WGMCF) (CSE:WGC) is pleased to announce that it has collared a portal entrance at its wholly owned Winston gold Project near Helena, Montana.
Up until this point the company has been performing earth work and completing ground support measures to ensure the safety of the portal entrance. The first timber sets of to go underground were made and installed in July 2019. The portal entrance is located just 330 ft (100 metres) southwest of the mine office. See attached photos.
The plan is to advance the 12-by-12 ft. (3.65-by-3.65 metre) access tunnel in sections measuring 40 ft. (12 metres) and then “brow-out” (remove low spots on the roof). This process is then followed by installing timber sets for ground support for 40 ft to re-enforce the walls and ceiling to prevent rock-falls.
The tunnel is expected to extend for a total of 900 ft. (274 metres) at a 1% grade and provide access to the high-grade gold mineralization identified in the Block 93 and Parallel veins.
“This is an exciting milestone for Winston Gold as we prepare to advance underground and move closer to our goal of commencing a test mining operation at the historic Winston Gold Mine,” commented Murray Nye, CEO of Winston Gold Corp.
Image of Portal Entrance
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.
The Company has renewed its lease/acquisition on the property for another five years by paying $40,000 and monthly payments totally $7,000.
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 the under-explored and under-exploited 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.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Winston Gold Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
For more information, please visit www.winstongoldmining.com; or contact:
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: [email protected]
SOURCE: Winston Gold Corp.