Additionally, a high resolution drone mag survey covering the entire property, including Rousseau and Turgeon Lake Gold, will be conducted to define gold structures and help identify drilling targets. The Company wishes to caution that historical resources described above are historical. The historic resources are relevant to give a ballpark estimate of the potential on the property. Historical resources should not be relied upon. The key assumptions, parameters and methods used to prepare the historical estimate is not known and thus the difference between the historic estimates and NI compliant estimates is also not known. The historical estimates used categories other than the ones set up in sections 1.
Core Assets Increases Land Position and Commences VTEM(TM) Survey at the Blue Property, Atlin, BC
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The companies expect the transaction will close in early September. The 5. Both showings are 2 km apart, located on opposite sides of a mountain that overlooks the town of Stewart. Most of the historical work focused on Prosperity-Porter Idaho, where mineralization is found within six moderately dipping, subparallel shear zones traced on surface for metres and 1 km down-dip, with widths varying between 2 and 13 metres. The vein system was mined from adits between and , and produced 27, tonnes of 2, grams silver per tonne and 0. The ore was shipped to the port at Stewart via aerial tramway. At Silverado, the vein system is hosted within four similarly trending shear zones, with equally high silver grades.
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Ximen Mining Completes Airborne VTEM Geophysical Survey Over Bud-Elk and Providence Properties
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The VTEM survey has provided anomalous responses in several areas, providing the Company with previously unknown exploration targets as well as expanding the size of known targets. Combining the VTEM survey with existing drill and exploration data, we can now: 1 better understand why previous drill holes did or did not encounter mineralization, 2 see that the known mineralized targets are even larger than we had expected, and 3 identify well-defined anomalous zones in previously untested and unexplored sections of the Property. The following illustrates and summarizes, by target area, the initial interpretations from the VTEM. To date, drilling and other work at Mitu has encountered what appears to be only one of the anomalous target areas, M1, which was the initial Mitu discovery zone. The identified M1 conductor is approximately 1km in strike and m in dip.