GMEI Releases its first NI 43-101 Technical Report on the Golden Target Project located in Matheson, Ontario, Canada

Innisfil, Ontario, July 26th, 2017 – GOOD Mining Exploration Inc. (Private Corporation in the Province of Ontario)

Good Mining Exploration Inc. (“GMEI” or the “Company”), is pleased to announce the release of its first completed NI 43-101 Property of Merit Technical Report on its Golden Target Project. Co-authored by SGS Mineral Services Geostat Canada (“SGS”), of Blainville Quebec, and Sierra Geological Consultants Inc. (“Sierra”) of Sudbury, Ontario, the technical report outlines the results and findings of the geological work performed on the project in 2015 and 2017. The work included prospecting, geophysical survey, diamond drilling, sampling and certified analysis. The Golden Target Project currently consists of 89 mining claims totalling 13,296 hectares (133 Km2). The project is located on the Arrow Fault, which is possibly a southern splay from the prolific Destor-Porcupine Fault, which hosts the Golden Arrow gold mine of Victoria Gold Mines East Timmins Limited, and borders the GMEI property. The Company’s Golden Target Project has shifted its focus toward gold exploration since 2015, based on the geological work performed by professional geologists and contractors. The area hosts many nearby gold occurrences and gold mines in this mineral rich zone of the Timmins/Matheson Ontario mining camp. As described in the conclusions of the NI 43-101 report, SGS and Sierra have reviewed the geological setting and mineralization styles of the Golden Target Project. They have determined that the GMEI Golden Target Project lies within a prospective geological and structural setting for orogenic gold mineralization. Anomalous gold results returned from prospecting, grid sampling, and also from diamond drilling warrant further exploration. The most encouraging result came from grab samples off the outcrop from the C1 showing which returned fire assays and subsequent check assays, including full screen fire assay metallic analysis, of up to 13.3 grams per ton gold. This isolated finding was of interest because the quartz vein where the sample was taken, in places, carries substantial pyrite mineralization and mineralized gabbroic clasts, which is consistent with the area gold occurrences. As a result, five follow-up drill holes were performed in spring of 2017 on the C1 target, which failed to return significant gold values. However, the structure remains untested along strike. During prospecting, several other quartz veins samples which returned several grams per ton gold are also untested to date.

*See table for sample locations, sizes, descriptions and lab results 

 

Table

(Click to enlarge image)

 

 

 

 

 

 

 

 

 

 

 

Lab Information:

SGS Canada Inc.   Mineral Services   Suite E – 3260 Production Way   Burnaby, BC
t(604) 638-2349   f(604) 444-5438   www.sgs.com

Actlabs    Activation Laboratories Ltd.    1010 Lorne Street    Unit West 4    Sudbury, ON  t(705) 586-3288    f(905) 648-9613    www.actlabs.com

To read more, please see the “Golden Target Project NI 43-101 Technical Report” 

NI 43-101 Property of Merit Technical Report on Golden Target Project – Part I
NI 43-101 Property of Merit Technical Report on Golden Target Project – Part II

Further extensive exploration work is planned on the project including an approved 10,000-meter drill program, of which 996 meters were completed in spring of 2017. The work credit assessment report from the 2017 prospecting, drilling, geophysical survey, sampling and analysis campaign is pending Ministry approval prior to release.

References: Golden Target Project, Matheson – Ramore Region, Ontario NI 43-101 Technical Report for GOOD Mining Exploration Inc. prepared for GOOD Mining Exploration Inc., effective date April 19, 2017, by Jean-Phillipe Paiement, M.Sc., P.Geo and Joel Scodnick, B.Sc., P.Geo. Current Golden Target Project Geologist is Jerry Grant, M.Sc., P.Geo – Project Geologist, Geological and Analytical Consultant.

GMEI news releases are available in the ‘GMEI News’ tab on GMEI’s website at www.goodmining.com

Jerry Grant, M.Sc., P.Geo., Golden Target Project Geologist, is the Company’s acting qualified person as defined by National Instrument 43-101. Mr. Grant was not a co-author of the NI 43-101 report, however currently acts as Project Geologist for the Company. He has reviewed and approved the contents of this news release.

GOOD Mining Exploration Inc. is a privately-owned Junior Mining Exploration Company established and registered in the Province of Ontario, Canada, in October of 2012. The Company is involved primarily in prospecting, staking of claims, and the subsequent registration of those claims to acquire the mineral rights on high potential parcels of land in Northern Ontario. Further to that, advanced exploration techniques such as geophysics, diamond core drilling, channeling, pitting and trenching are executed as may be indicated.

Forward-Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

For more information, contact:

Frank Dusome, President & CEO, GOOD mining Exploration Inc., Port Severn, Ontario, 705-716-5948

Daniel Shepherdson, Executive Vice President, CFO & Corporate Secretary, Innisfil, Ontario, 905-252-3230

To visit the website, click: GMEI website

 

Revocation of OSC Cease Trade Order and Future Plans

Good Mining Exploration Inc. Announces Revocation of OSC Cease Trade Order and Future Plans

 

Click here for OSC Revocation Letter

January 12, 2017: Coldwater, ON – Good Mining Exploration Inc. (“GMEI” or the “Company”) announces that the cease trade order (the “CTO”) issued by the Ontario Securities Commission (the “OSC”) on June 22, 2015 was revoked effective January 11, 2017.

Revocation of OSC Cease Trade Order

The OSC issued the CTO because the Company failed to file a technical report prepared by an independent qualified person, within 45 days of disclosure of information, as such term is defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101 “), with respect to certain mineral resource estimates that the Company made available to the public by posting them on its website beginning on November 5, 2014 and other mineral estimates made available on November 18, December 8 and 22, 2014 and May 5 and 12, 2015, as required by subsection 4.2(5)(a)(iii) and sections 5.1 and 5.3 of NI 43-101;

The Company was unable to file a technical report within the mandated timeline because it became aware that the assay results previously certified by the independent lab that processed the samples from its exploration program, which constituted all of the data required in the technical report under NI 43-101, were revoked by the laboratory due to lab error prior to the technical report being completed. The Company has filed a legal claim in the Ontario Superior Court of Justice against the laboratory for negligence and breach of contract.

The Company posted a News Release in its website on July 5, 2016 retracting the previous mineral estimates and advising that the above noted previously reported results had been issued based on certified results that were subsequently revoked by the testing laboratory due to their errors.

An independent geologist J-P Paiement of SGS Canada Inc., who is a “qualified person” as defined in NI 43-101, confirmed that there was no economic basis for reprocessing the cores from the CanRee area of the GMEI Bow-Mac Property.

Future Plans

After the revocation of the assays by ELRFS, GMEI began to focus on potential gold prospects in the Golden Target area of its property that were observed in the three drill holes obtained in 2014 under a permit approved by Ministry of Northern Development and Mines (“MNDM”) and First Nations. Under that permit GMEI drilled 3 exploratory drill holes within the Golden Target area of the Bow-Mac project property.

In 2015, the Company hired Joel Scodnick, P. Geo, who is a “qualified person” as defined in NI 43-101, and who has significant experience working in the region, as its geologist. Mr. Scodnick was laid off in 2016, pending the revocation of the CTO and the Company being able to raise capital going forward.

Under a further permit approved by MNDM and First Nations in 2015, in the summer or 2015, Mr. Scodnick supervised the drilling of three additional holes in the Golden Target area focusing on gold exploration. In addition, Mr. Scodnick together in consultation with Shaun Parent, J-P Paiement, Jerry Grant (all professional geologists) worked toward gold exploration in the Golden Target area conducting further field grid mapping, chip sampling, VLF survey, prospecting and geologic research. Based on the foregoing work, new gold exploration targets in the Golden Target area of the GMEI Bow-Mac Property have been identified.

Based on the above noted work, in December 2015 Mr. Scodnick on behalf of GMEI, with the backing of the local First Nations groups, submitted a further Exploration Permit Application with the MNDM. The permit was approved by the MNDM in January 2016.

Mr. Scodnick, together with SGS Canada, have confirmed that the exploration program based toward gold is designed to investigate some magnetic anomalies, and the anomalous sampling, and to determine if GMEI holds a “property of merit”. The additional permitted exploration program will be conditional upon raising exploration funds on a private placement basis.

On behalf of the Board Directors of GOOD Mining Exploration Inc.

OSC Cease Trade Order | Frank Signature

Frank Dusome
President, Chief Executive Officer
Ph. 705-716-5948 / Email. frank@goodmining.com

Corrective Press Release

July 5, 2016

As a result of a review by staff of the Ontario Securities Commission, Good Mining Exploration Inc. (“GMEI” or the “Company”) is issuing the following corrective news release regarding its prior disclosures made concerning the CanRee project.

Since November 5, 2014, the Company issued a series of news releases that were publicly available on the Company’s website, disclosing the results of a series of inferred and indicated mineral resource estimates for the CanRee exploration project, which must be withdrawn.  The dates of these News Releases are listed below:

November 5, 2014
November 18, 2014
December 8, 2014
December 22, 2014
May 5, 2015
May 12, 2015
(the “News Releases”)

The Elliot Lake Research Field Station (the “Lab” or “ELRFS”), of Laurentian University, is the independent accredited commercial laboratory that the Company hired to perform assays on approximately 2300 core samples from the CanRee exploration project. All assay data disclosed in the aforementioned News Releases was certified by the Lab, and relied upon by the Company and its Qualified Person.

During a meeting on May 25, 2015, the Lab advised Management that due to an error in the interpretation of the results of the analysis process, technical information certified by the Lab was invalid. The Lab errors were disclosed to Management during final preparation of a 43-101 Technical Report co-authored by the Company in-house Professional Geologist (“P. Geo”), and an independent third party P. Geo contracted by the Company. On May 26, 2015, the Company was contacted by the Ontario Securities Commission (“OSC”) in respect of a failure to file the 43-101 Technical Report within regulatory timelines.  The News Releases concerning the ELRFS sampling and the CanRee project were subsequently removed from the Company’s Website.

Given the withdrawal of the certified technical information by the Lab, the Company was unable to complete and file a 43-101 Technical Report, resulting in the Cease Trade Order being issued by the OSC on June 22, 2015. Management determined that it would be impractical to file a 43-101 Technical Report with no reportable assay results.

The Company has filed a lawsuit against Laurentian University for breach of contract and damages.

The Company has identified potential gold exploration targets following some limited surveying and sampling completed in Q3 2015. The Company intends to apply to the OSC to revoke the Cease Trade Order, so that it can raise additional funds to investigate and explore the new targets. The Company hired Joel Scodnick, P. Geo, who has significant experience working in the region, as its geologist. Mr. Scodnick, together with SGS Canada, have confirmed that an exploration program could be designed to investigate some magnetic anomalies, and anomalous sampling, to determine if GMEI holds a “property of merit”.

In December 2015, the Company applied for an Exploration Permit for its Bow-Mac Project with the Ministry of Northern Development and Mines (“MNDM”). On January 27, 2016 the Exploration Permit was granted by MNDM. Any future work and exploration on the claims held by the Company will be dependent on the Company being able to obtain a revocation of the Cease Trade Order from the Commission, and the Company being able to raise sufficient capital for the future work and exploration.

About GOOD Mining Exploration Inc. ( www.goodmining.com )

GOOD Mining Exploration Inc. is a privately-owned Junior Mining Exploration Company established and registered in the Province of Ontario, Canada, in October of 2012. The Company is involved primarily in prospecting, staking of claims, and the subsequent registration of those claims to acquire the mineral rights on high potential parcels of land in Northern Ontario. Further to that, advanced exploration techniques such as geophysics, diamond core drilling, channeling, pitting and trenching are executed as may be indicated.

GOOD Mining is Pleased to Announce the Commencement of its 2015 Exploration Season

Commencement of 2015 Exploration Season

Athraa Koma and Ce Shi prospecting the Golden Target.

Athraa Koma and Ce Shi prospecting the Golden Target.

On June 8th, 2015, students from all over the province began arriving in Matheson, Ontario, to engage in GOOD Mining Exploration Inc.’s (GMEI) 2015 exploration season. They’re part of our annual Student Volunteer Program that provides geology students the opportunity to receive hands-on field training alongside a PGeo. While the number of student volunteers was only 5 last year, this year’s program will boast upwards of 30, including Kira Fuller, a returning student from last year. Athraa Koma and Ce Shi were part of GMEI’s first Student Volunteer Program in 2014, and are now employed as full-time Junior Geologists for GMEI. Shown at left, Athraa and Ce are currently prospecting the Golden Target, and assisting Shaun Parent of Superior

Frank and Tyson discussing the core coming out of the ground.

Frank and Tyson discussing the core coming out of the ground.

Exploration’s YVLF program, a GMEI Geophysical Contractor, with checking coordinates on IP survey lines. Drill rigs and equipment from Walker Drilling and DBW Drilling arrived June 23, and core started coming out of the ground on June 29. Our plans are to do in-fill drilling on our CanREE project, as well as further our initial exploratory drilling for the Golden Target.

Dan Larsen of Larsen Exploration Services.

Dan Larsen of Larsen Exploration Services.

In addition to the drilling activities, Dan Larsen of Larsen Exploration Services is on-site completing core-cutting from last year’s drill holes, as well as readying himself for this year’s required core cutting. Dan spent a great deal of time with GMEI last year, and we thoroughly look forward to working with him again throughout this season.

 

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