For close to 20 years
Heavy mineral samples are a powerful technique to explore for a variety of commodities. A large 10 kilogram sample of fine material within stream gravels is collected in the field. At the CF Minerals laboratory ("CFM") the sample undergoes sequential concentration using specific gravity and magnetic techniques to produce small fractions with specific physical properties in which pieces of mineralization or indicators associated with mineralization are concentrated. Analysis of these fractions for metals or diamond indicators provides insight into mineralization up stream and up ice of the sample location. Due to the concentrating effects of both the collection and processing methods mineralization can often be detected tens of kilometres away.
So far, this work has resulted in the staking of several areas for a variety of commodities.
As
Lithium
Re-analysis of previously collected samples indicates that the A1 claim block hosts lithium in pegmatites (Figure 3). Lithium contents are elevated in the northern portion of the claim block. Field work confirmed that there are extensive outcrops of pegmatite in this portion of the property and an initial rock sampling program was undertaken. Additional work on this claim block will be undertaken next year to define the bedrock source.
With sample coverage of nearly 400,000 square kilometres,
Gold
Claim block A5 has had its maiden drill program, with five holes drilled testing geophysical conductors up ice of anomalous gold in heavy mineral samples. Locations of the drill holes are presented in Figure 4, along with the geophysical conductors being tested. Samples from these holes were prepared at CFM prior to being sent to
Claim blocks A1 and A2 have also had an airborne EM survey flown by Geotech Airborne Geophysical Surveys ("Geotech"). Soil samples have been collected down-ice from the detected conductors to determine whether one or more of these are the source of the gold in down-ice samples.
Claim block B1 has not yet had an airborne geophysical survey flown, but soil samples have been collected to better isolate the source of gold mineralization.
Base Metals
The survey flights have been completed and the results of the survey are awaited.
Summary
The Company looks forward to receiving the drill results targeting gold at claim block A5.
In addition, field programs this fall (over 1,000 samples collected) on a number of claim groups focused on moving targets forward to the drill testing stage.
The technical information and results reported here have been reviewed by Mr.
Signed,
Chairman
FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information", including statements regarding the expected use of proceeds of the private placement. Further, any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.
Neither
SOURCE
© Canada Newswire, source