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Winston Gold Receives First Assay Results from Phase-1 Drilling Campaign at Winston Gold Project

Winston Gold Mining Corp. ("Winston Gold" or the "Corporation") is pleased to announce that it has received the first assay results from its Phase-1 drilling campaign on its wholly owned Winston gold project near Helena, Montana.

  • Hole W1630 intersected 18.27 g/t gold over 5 ft.
  • Hole W1631 intersected 6.51 g/t over 8 ft. and 5.45 g/t over 3 ft.

"We are very excited by these drill results because they confirm our initial predictions about the high-grade nature of this gold system," commented Murray Nye, CEO and Director of Winston Gold. "We believe that these two holes may have intersected the down-dip extension of the Edna Vein Trend. If this is the case, it proves there is good continuity of these vein structures."

Hole W1630 was drilled towards the south at a dip of minus 70 degrees. It intersected 7 ft. (true width 5 ft.) averaging 0.533 ounces per ton gold (18.27 grams per tonne).  The intercept occurred at a down-hole depth of 116 ft. (35.3 metres).

Hole W1631 was collared on the same drill pad and was drilled above hole W1630 at an angle of minus 45 degrees. It intersected two intervals of gold mineralization: 8 ft. (estimated true width 5.5 ft.) averaging 0.19 opt gold (6.51 g/t) and 3 ft. (true width) averaging 0.159 opt gold (5.45 g/t). The intercepts occurred at a down-hole depth of 174 ft. (53.0 metres) and 276 ft. (84.1 metres), respectively.

"We can see at least three mineralizing events on the Winston property and all of them are structurally controlled," stated Mr. Nye. "Understanding these structural controls is the first step to properly developing an effective mine plan."

Drill holes W1630 and W1631 were drilled to test the Edna Vein trend 820 ft. (250 metres) south of a 3-hole fan of holes that intersected the shallow dipping Edna Trend vein system in 2014.

These three 2014 drill holes returned the following assay values. The results shown represent the diluted weighted average over a potential 5 ft. (1.5 metre) mining width. The undiluted values can be seen in the chart at the end of this press release.

  • Hole W1404 intersected two high grade veins:
    • 0.253 opt (8.67 g/t) gold over 5 ft.
    • 1.256 opt (43.06 g/t) gold over 5 ft.
  • Hole W1408 intersected two high grade veins:
    • 0.269 opt (9.22 g/t) gold over 5 ft.
    • 0.194 opt (6.67 g/t) gold over 5 ft.
  • Hole W1409 intersected two high grade veins:
    • 0.158 opt (5.43 g/t) gold over 5 ft.
    • 069 opt (2.37 g/t) gold over 5 ft.

The Company's Phase 1 program consists of 15-to-20 holes (4,800 ft.) using two drill rigs that will target potential high-grade mineralization in the historic past-producing Custer Vein as well as along the Edna Vein Trend.

To date, five holes on the Edna Trend and two on the Custer Vein have been completed. Assays are still pending.  

Refer to chart below for details of the drill holes discussed in this release.

Hole

UTM
East (m)

UTM North
(m)

Elevation
(ft.)

Azimuth
degrees

Dip

degrees

From
(ft.)

To
(ft.)

Interval

(ft.)

Gold
(OPT)

Gold

(g/t)

W1630

448331

5143667

4921

180

-70

116

123

7

0.533

18.27

W1631

448331

5143667

4921

180

-45

174

182

8

0.190

6.51

276

279

3

0.159

5.45

W1404

448353

5143737

4895

360

-60

119

119.5

0.5

2.53

88.3

238

240

2

3.14

109.5

W1408

448354

5143735

4879

20

-55

85

89

4

0.336

11.7

253

255

2

0.486

17.0

W1409

448353

514378

4881

340

-55

168.2

170

1.8

0.44

15.3

290

293

2

0.173

6.7

The Winston Gold Project is central to a historic precious and base metal mining district in which most of the ore was mined from tightly structurally controlled high angle fissure veins and lode/replacement zones. Reports indicate that more than 100,000 ounces of gold was recovered from these underground mines in the late 19th to early 20th century from about 150,000 tons of ore. (Earle, 1964; Schell, 1963).

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth sample. The 2016 samples were delivered to Norris Labs Inc., in Norris Montana where they were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50g gravimetric finish. The 2014 samples were prepared and analyzed by Contact Labs, Contact Mill and Mining Company (Philipsburg Mill), Philipsburg, Montana. The samples were also analyzed by standard gravimetric procedures.

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.

Source: Winston Gold Mining Corp

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