#United States #Tonopah #A2Gold #Eastside Project #Gravity Survey

A2Gold Launches Expanded Gravity Survey at Eastside Project

A2Gold Corp., a prominent gold mining company, has announced the initiation of an expanded gravity survey at its wholly-owned Eastside Project located in Esmeralda County, Nevada. This initiative aims to thoroughly investigate several newly identified geophysical targets that previously fell outside the coverage of the company's recent comprehensive gravity survey.

The original survey uncovered a range of significant anomalies near the edges of the survey area. However, due to challenging terrain and accessibility issues, certain promising regions were not part of the initial investigation. The company recognized that the characteristics and geological context associated with these overlooked anomalies are compelling enough to justify an expanded survey.

The current expansion of the gravity survey will now reach newly unsurveyed regions to clarify the geometry and extent of these emerging targets. A2Gold anticipates that the additional data from this expanded survey will provide valuable insights into the potential growth of the Eastside mineralized system and refine drill targeting strategies ahead of upcoming exploration drilling activities.

Peter Gianulis, CEO of A2Gold, expressed enthusiasm about the results of the original gravity survey, stating, “The findings have exceeded our expectations, revealing a much more extensive and complex system than we previously understood. Several intriguing anomalies were cut off along the edges due to rugged terrain. Given the quality of these partial targets, it was crucial to expand the survey to properly characterize them and understand their relationship to known mineralization and regional geological structures.”

As the expanded survey progresses, the findings will be integrated with existing datasets, which include gravity, airborne magnetic, radiometric, and geological information. This comprehensive approach is designed to enhance the understanding of pediment-covered extensions, delineate structural corridors, and identify potential repetitions of favorable host rock types that have been observed in other parts of the property.

The Eastside Gold-Silver Project is situated in the renowned Walker Lane Trend, approximately 20 miles northwest of Tonopah. Currently, the project boasts an inferred resource of approximately 1.4 million ounces of gold and 8.8 million ounces of silver, with mineralization open in all directions, illustrating the project's significant potential. The 92 km² land package includes several high-priority zones, such as McIntosh and Castle, while other exploration targets remain to be named.

Furthermore, A2Gold has also provided insights on its stock options and restricted stock units (RSUs) relating to consultants and company officers as part of its ongoing commitment to fostering investor relations and corporate governance. This includes granting 150,000 stock options at an exercise price of $1.39, along with 60,000 RSUs, emphasizing the company's continuous efforts to align its goals with stakeholder interests.

The company's commitment to strategic exploration and resource development positions A2Gold for future growth in a mining-friendly jurisdiction. Preliminary metallurgical testing suggests that both oxide and sulphide gold mineralization at Eastside is favorable for heap leaching, further underscoring the project's promise.

In conclusion, A2Gold's initiative to conduct an expanded gravity survey at the Eastside Project signals its dedication to uncovering further mineralization and enhancing its mining capabilities in the region, paving the way for future advancements in exploration and resource extraction strategies. A2Gold continues to demonstrate its commitment to uncovering value in its mining projects as it builds upon existing geological understanding and prepares for the next stage of exploration.