"An investment in knowledge pays the best interest."

COMMENCE NEXT DRILL PROGRAM IN MONTANA

 

Winston Gold Mining Corp. (WGC.V) plans to drill nine holes into three vein systems from two drill pads on the company's wholly owned Winston gold property, near Helena, Mont.

"The primary goal of this new program will be to determine the best place to position an exploration decline," commented Murray Nye, chief executive officer and director of Winston Gold Mining. "Three separate vein systems outlined in earlier drill programs appear to trend parallel to one another and all seem to be dipping towards the north. Our goal is to position an exploration decline so we can easily and economically access all three of these structures for additional underground exploration and bulk sampling."

According to historic records, the past-producing Upper Hyantha workings were mined along a 270-foot (82.3 metres) strike length and ended abruptly. Winston intends to drill one hole (toward the south) from the hangingwall side of the vein to test if the Upper Hyantha vein extends farther to the west, beyond the old workings.

The second target is the block 93 vein. A total of two holes will be drilled toward the north through the foot wall side of this vein to determine if mineralization extends toward the east. So far, the block 93 vein has been drilled over a strike length of 246 feet (75 metres) and has a drill tested vertical extent of 192 feet (58.5 metres). If successful, these holes could extend the block 93 vein and additional 100 feet (44.2 metres to the east).

Another two holes will be drilled from a second drill pad, located farther to the east and at a higher elevation than the first. These two holes will be drilled toward the south into the hangingwall of the block 93 vein system. If successful, these holes could add another 120 feet (16.7 metres) of strike length to the block 93 vein.

As a bonus, these four holes would also test the continuity of a newly discovered vein that was identified in the previous drilling campaign. This currently unnamed vein was intersected in hole W66 in the hangingwall of the block 93 vein at a downhole depth of 311 feet (94.8 metres) (previously announced in a March 28, 2017, news release). This hole intersected a four-foot (1.22 metres) interval averaging 0.223 ounce per ton (7.65 grams per tonne) gold. This included a one-foot (0.3 metre) section that averaged 0.773 ounce per ton (26.5 g/t) gold and 2.85 ounce per ton (97.71 g/t) silver. This interval is located only about 32 feet (9.7 metres) more downhole from where the block 93 vein was intersected.

Two holes will be drilled from this same pad with the goal of testing the eastern extent of the parallel vein which is located north of the block 93 vein. These holes represent a 145-foot (39.6 metres) stepout east of the last drill intercept of the parallel vein. If successful it would increase the strike length of this vein to 315 feet (91.4 metres) and to a vertical extent of about 240 feet (30.5 metres).

Lastly, one hole will be drilled from a third pad west of the previous two. This hole will test the western extents of both the parallel and block 93 veins, and their projected intersection at depth. This hole, if successful, would extend block 93 45 feet and parallel 145 feet to the west.

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.

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, PGeol, an independent consultant to Winston Gold. Dr. Capps is a qualified person as defined in National Instrument 43-101 standards of disclosure for mineral projects.

About Winston Gold Mining Corp.

Winston Gold is a junior mining company focused on advancing high-grade, low-cost mining opportunities into production. Toward that end, the corporation has acquired two underexplored and underexploited gold/silver mining opportunities, being the Winston gold project near Helena, Mont., and the Gold Ridge project, near Willcox, Ariz.