Shares of Goldseek Resources Inc (OTCMKTS:GSKKF) have been trading within a narrow range over the past few sessions.
On Wednesday, GSKKF stock ended flat at $0.0840 with more than 72K shares, compared to its average volume of 2.2K shares. The stock has moved within a range of $0.0840 – 0.0840 after opening trading at $0.0840.
Goldseek Resources Announces 4,000m Drill Program at Beschefer Project
Canadian exploration company with a portfolio of assets in Ontario and Quebec, Canada, Goldseek Resources Inc (OTCMKTS:GSKKF) on January 12, 2022, announced a 4,000-meter drill program at Beschefer Project will be commencing in the first half of next month.
Located about 30 kilometers southwest of the Fenelon Gold Project run by Wallbridge Mining Company Limited, Goldseek had done an option agreement on March 3 for Beschefer Project to earn 100% in the next 4 years from Wallbridge.
Goldseek’s President & CEO Jon Deluce said that the company is keen to commence on the winter follow-up drill program, having both size and grade potential. Deluce is hopeful of building the success of the maiden drill program demonstrated by 4.92 g/t gold over 28.65 meters. The CEO added that there is a catalyst all ready for 2022 to drill 10,000 meters at Beschefer.
The company has taken into account about 4,000 meters of diamond core drilling and is currently processing final assays received from its’ maiden drill program.
Goldseek also announced the intent of extending the expiration date of 952,500 warrants given originally on February 14, 2020, but will be subject to approval from Canadian Securities Exchange. The company has a number of exploration projects in advanced stages after going public and hopes to deliver shareholder value.
Goldseek’s President & CEO Jon Deluce states,”We are excited to start our winter follow-up drill program on the Beschefer Project, which has demonstrated size and grade potential. We look forward to building on the success of our maiden drill program highlighted by 4.92 g/t gold over 28.65 meters1 (141 Metal Factor), including 11.39 g/t gold over 9.1 meters1 which is the 2nd best intercept on the Property to date. The remainder of our maiden drill program consisted of low-grade with high-width intercepts (Ex. 2.17 g/t gold over 13.2 meters2), demonstrating the Project’s strong continuity and near-resource potential.
GSKKF stock is trading below the 20-Day and 50-Day Moving averages of $0.0888 and $0.1055 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0102.