Lake Winn Awards Drilling Contract for the Cloud Gold Project Manitoba
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce that it has awarded Rodren Drilling Ltd of St Paul, Manitoba the drilling contract for our Cloud project in the Flin Flon gold belt.
The rig will mobilize on December 7 th for a 1500m drill program with provision to expand to at least 3000m.
The project will be under the direct supervision of Carey Galeschuck P. Geo in Manitoba.
The drill target is a orogenic gold type target hosted in paleo-proterozic mafic volcanics in a similar setting to that found at the Tartan gold mine 14km to the east of the Cloud project.
A 320m by 50m zone of metamorphosed mafic volcanics, returned numerous high grade gold values when exposed by pitting in 1990. These results are shown in the accompanying figure 1. The results were later confirmed by check sampling that also returned high gold values. Visible gold was also noted. These predominately grab samples do not demonstrate economic viability as they are not representative, but they do show the zone to be mineralized. Silver also showed anomalous values. We are calling this zone the Bachnick Gold zone named after the prospector the carried out the work.
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Figure 1: Bachnick gold prospect, showing historic samples with gold results.
The Bachnick zone is nestled within a resistivity anomaly and lies to the north of a prominent IP anomaly. These will all be targeted in the upcoming drill campaign about to commence. The IP and Resistivity anomalies continue, slightly displaced by faulting for 1300m along strike and these extensions will also be drilled should the first test holes prove encouraging.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based gold company, listed on the TSX Venture Exchange (Symbol: LWR) focusing on exploration and development of gold projects in Canada. The company’s flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kilometers north-east of the town of Flin-Flon. Access to the property is provided by Manitoba highway 10 to the all-weather Kississing Lake Road. The company is currently preparing for diamond drilling.
On Behalf of the Board of Directors of Lake Winn Resources Corp.
Patrick Power, President & CEO
+1 (604) 218-8772
- Published in Lake Winn Resources, Mining, News Home
Secret Pass IP-Res Interpretation
Northern Lights Resources Corp. (CSE:NLR)(the “Company” or “Northern Lights”) is pleased to announce an update to exploration work at the Company’s 100% owned Secret Pass Gold Project (“Secret Pass” of the “Project”) located in Mohave County, northwestern Arizona.
Northern Lights has completed a reinterpretation and review of Induced Polarization (IP) and Resistivity survey data that was initially collected by Santa Fe Mining in 1992. The results complement the magnetic survey and fieldwork that Northern Lights has completed on the property to date, which has resulted in the generation of over 20 targets in previously unexplored areas on the Secret Pass property.
The primary objective of the survey was to determine if IP and Resistivity were effective in detecting the silica-clay-pyrite alteration associated with gold mineralization observed at the Tin Cup and FM prospects. The results highlight the importance of the Frisco Mine Fault (FMF) as a geological control for the gold mineralization at Secret Pass.
With reference to Figure 1, five small Gradient Array grids were completed and a single Dipole-Dipole profile located in proximity to the FMF and in areas exhibiting strong surface alteration and mineralization. The reinterpretation of the geophysical data demonstrates that the Secret Pass gold mineralization exhibits a positive coincident IP and Resistivity response. The geophysical study was undertaken by Steven McMullan, an experienced geophysical consultant that wrote the Secret Pass aeromagnetic report for NLR in August of 2020. (see https://www.northernlightsresources.com/site/assets/files/4976/nlr_new_release_-_secret_pass_-_airborne_geophysics.pdf)
The study completed by Northern Lights involved the digitization of historical geophysical IP and Resistivity data, geo-referencing the survey grids, and undertaking 2D inversion of the data.
Figure 1: Secret Pass Historical IP-Resistivity Survey Grids and Geology
To view an enhanced image click the following link: https://storage.googleapis.com/accesswire/media/618858/NORTHERNLIGHTS-FIGURE120120.jpg
Reinterpretation Summary
The important observations and conclusions for each grid and Dipole-Dipole profile are summarized below.
F2 Grid
- Moderate strength IP anomaly likely represents sulphide mineralization, and the resistivity high map represents silicification.
F5 Grid
- Collinear bands of high IP and Resistivity fit the conceptual model response of quartz veins/silicification (high resistivity) and sulphides associated with gold mineralization (high IP response).
F4+F4B Grid
- The irregular IP anomaly on the north side of the grid likely represents the intersection of structures/dykes.
FM Grid
- Multiple high IP anomalies in the footwall of the FMF may be related sulphide mineralization similar to Tin Cup and have not been drill tested.
TC (Tin Cup) Grid
- The high IP anomaly in the northwest corner of the grid has not been tested.
- FMF interpreted from 2020 aeromagnetic survey passes through the centre of the grid, which places high IP and high Resistivity (indicative of both sulphides and silicification) in the hangwall of the FMF.
TC (Tin Cup) Dipole-Dipole Profile
- Two structures are evident, i) east structure steeply west-dipping with low Resistivity and no correlating IP response, ii) central structure manifested by sub-vertical Resistivity high that is indicative of silicification and quartz veining and is coincident with a high IP response that continues into hangingwall. The IP anomaly is indicative of sulphides associated with mineralization developed in the FMF.
Discussion
Although the IP survey grids were limited in size, their location was optimal for studying the geophysical characteristics of the Secret Pass gold mineralization and its relationship with the Frisco Mine Fault system.
A single Dipole-Dipole line transected the main zone of mineralization at Tin Cup that was extensively drilled. With reference to the Dipole-Dipole profile in Figure 1, the 0.2 g/t gold grade shell is associated a strong IP response that has not to be closed off by drilling to the west. The IP response is related disseminated pyrite that is associated with strong silica-clay-carbonate alteration. The sub-vertical Resistivity high is indicative of silicification and quartz veining, which was commonly observed in the drill holes.
In conclusion, the IP-Resistivity technique is effective in mapping the style of gold mineralization observed at Secret Pass. Based on the results from this study, Northern Lights plans to conduct additional IP-Resistivity surveying in areas that display strong alteration and are proximal to the Frisco Mine Fault.
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada, where Northern Lights, in joint venture with Reyna Silver is earning 100% ownership.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
- Published in Mining, News Home, Northern Lights Resources
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