Lake Winn has no material change since receiving MCTO
Mr. Patrick Power reports
LAKE WINN PROVIDES BI-WEEKLY DEFAULT STATUS REPORT
Further to Lake Winn Resources Corp.’s news release dated May 4, 2021, the company’s principal regulator, the British Columbia Securities Commission, granted a management cease trade order on May 4, 2021, under National Policy 12-203 — Management Cease Trade Orders.
Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended Dec. 31, 2020, including the related management’s discussion and analysis, and related certifications on or before July 2, 2021, and the executive director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.
The company’s board of directors and management confirm that they are working expeditiously to file the required documents and confirm that, since the company’s press release dated May 4, 2021:
- There have been no material changes to the information contained in the default announcement that would reasonably be expected to be material to an investor;
- There have been no failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203;
- There has neither been, nor is there anticipated to be, any specified default subsequent to the default that is the subject of the default announcement;
- There have been no material changes in respect of the company’s affairs that have not been generally disclosed.
Until the required documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further press releases for so long as the company remains in default of the financial statement filing requirement.
We seek Safe Harbor.
- Published in Lake Winn Resources
Lake Winn delays 2020 financials, gets MCTO
Mr. Patrick Power reports
LAKE WINN ANNOUNCES DELAY IN ANNUAL FINANCIAL STATEMENTS
Lake Winn Resources Corp.’s annual financial statements for the year ended Dec. 31, 2020, including the related management discussion and analysis, and chief executive officer and chief financial officer certifications, were not filed by the required filing deadline of April 30, 2021.
The annual financial filings were not filed on or before the filing deadline due to unforeseen delays in the completion of the company’s audit of the annual financial statements for the year ended Dec. 31, 2020. The unforeseen delay was due to the fact that the period for which the audited annual financial statements pertain encompassed a complete reorganization of the company’s business and operations. During the period, the company completely restructured operations by effecting a share consolidation and acquiring two new resource projects. The company also successfully completed two refinancing transactions by private placement to finance the company’s new operations. Prior to the reorganization occurring during this period, the company was a shell company, having essentially no business or operations. Due to these foregoing events, the company has suffered serious delays in the preparation of the audited annual financial statements.
The company is working on the steps required to complete the annual financial filings and expects to be able to file the annual financial filings on or before May 17, 2021. The company will provide updates as further information relating to the annual financial filings becomes available.
The company has applied to the applicable securities regulatory authorities, and received a management cease trade order (MCTO) imposed against the chief executive officer and chief financial officer of the company, precluding them from trading securities of the company. The MCTO will be in effect until the annual financial filings are filed, and requires that the annual financial filings be filed on or before July 2, 2021.
Until the annual financial filings are filed, the company intends to provide information in accordance with National Policy 12-203 — Management Cease Trade Orders.
We seek Safe Harbor.
- Published in Lake Winn Resources
Lake Winn Obtains Permit to Drill the Quartz Project in Manitoba, Airborne Geophysics Underway
Highlights
- – A permit that allows access and drill testing on the Quartz project 76km SE of Flin Flon, Manitoba has been granted.
- – This, our 2 nd gold project in Manitoba, contains historic high grade gold intercepts.
- – Some of the better intercepts include 1.28m @ 19.28 g/t Au, 3.35m@ 5.90 g/t Au, 1.37m @ 13.41 g/t Au, drilled by Hudson Bay Resources, and 3.05m @ 8.1 g/t Au, 5.8m @ 12.8 g/t Au and 3.27m @ 3.38 g/t Au, drilled by Tribune Uranium Corp.
- – This gold prospect was discovered by drill testing a conductor and the main exploration premiss is that the conductive horizon continues for 1.45km, historic drilling focus was along a smaller 250m zone.
- – A helicopter borne V-TEM survey is underway, results of the survey will be used to position drill collars.
March 9, 2021 – TheNewswire – Vancouver, British Columbia – Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) has been granted a new exploration permit on its 100% owned Quartz project in the Flin Flon gold belt, Manitoba.
The Quartz project lies near the southern shores in Reed Lake between the Reed Lake and Four Mile Island VMS deposits, approximately 78km to the East of Flin Flon.
The permit allows for access and drill testing around the known gold mineralization.
The Quartz project contains multiple drill hole intercepts containing gold.
A Helicopter based V-TEM survey is underway which will provide data that will be used to plan the drill testing.
In 1975, diamond drill hole Eel-258 intersected 1.28m @ 19.9 g/t Au, whilst targeting a 1.45km long EM conductor. The hole was drilled by Hudson Bay Exploration and Development Co. Ltd. (“Hudson Bay”). Subsequently, Hudson Bay drilled 19 diamond drill holes into this gold bearing zone between 1975 and 1988. Fourteen of the 19 holes were drilled in a 200m long section of the conductor leaving most of the 1.45km long conductor untested. In 2007 the area was further drill tested by Tribune Uranium Corp., (“Tribune”). Tribune also encountered multiple gold intercepts but again they concentrated the drilling in the 200m zone already shown to contain gold by Hudson Bay. Highlights of the Tribune drilling include 5.8m @ 12.8g/t Au, and 1.43m @ 12.0 g/t Au.
Lake Winn’s main exploration objective is to drill test the entire 1.45km length of the conductor for extensions of the proven zone which as defined by the historic drilling is open to the east, to the west, and at depth. The heliborne time domain EM survey (TDEM). This survey will be used to accurately locate the conductive horizon, allowing 3D modeling of the conductor.
The transaction to obtain the core claims at the quartz project has been approved by the exchange.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with 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 diamond drilling on this property. The company now has a second gold property in Manitoba, the Quartz project in Reed Lake reported in this release.
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
Lake Winn Strikes Gold, 0.69 m @ 26.54 g/t Au, 2m @ 13.75 g/t Au in separate drill holes, Cloud Project, Flin Flon Gold Belt, Manitoba
Highlights
- – First pass exploration program strikes high grade gold.- Visible gold noted while logging verified by assays.- Best intercepts, 2m @ 13.75 g/t (17.3g/t in one metre, 10.2 g/t in the 2 nd meter).- These intercepts are in drill holes 175m apart testing a 300m long prospect defined by surface pits containing gold.- The gold package is hosted in a distinct mafic/magnetic unit with the gold being hosted in structurally controlled veins.- This rock package has a 4km strike.- A significant new gold find in the Flin Flon Belt. Good infrastructure, mining friendly.- Follow up exploration planned with further drilling, prospecting and till sampling.
February 23, 2021 – TheNewswire – Vancouver, British Columbia – Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce it has received the assay results for its 8 holes, 1,683 meter, phase 1 drilling campaign on the Cloud project, in the Flin Flon Gold Belt, Manitoba.
The highlight results are from drill hole CP-2020-02 where 0.69m returned 26.54 g/t from 179.7m to 180. 39m. The second drill hole CP-2021-03 where 2m @ 13. 7 5 g/t Au from 142m to 144m, this intercept coincided with visible gold being noted in the core . These 2 diamond drill holes are 175 metres apart and the high grade gold intercepts are hosted in bucky white quartz veins.
Table 1 lists the intercepts in each hole using a >0.5g/t cut-off.
Samples were sent to TSL Laboratories of Saskatoon, an independent laboratory using a chain of custody. Gold was measured by fire assay using 30 g aliquots of half NQ sized core and an AAS finish. Samples assaying >3 g/t Au were in addition subject to gravimetric finish where the resultant bead is weighed on a micro-balance. In the >10g/t cases the company elected to do a total digestion of the remaining ½ NQ core sample weighing approx., 1.8kg for a screened gravimetric finish. These larger more representative samples are reported in table 1. In these samples over 60% of the gold reported to the greater than 150 micron screen. For each 24 sample batch, the lab used 4 internal standards. For each of the 40 samples the company submitted one duplicate, one blank, and one standard. The results for the standards showed good precision and accuracy.
Table 2 gives the geographic co-ordinates for each drill hole and their dip and azimuth. Figure 1 is a plan view of the drill holes noting the gold intercepts.
The drilling tested a number of targets, which included IP anomalies, resistivity anomalies, and drilling beneath historic prospecting pits. It was those drill holes that tested beneath the pits and the magnetic, mafic, host unit that successfully encountered gold. As mentioned above, the gold intercepts were hosted in late-stage cross cutting buck white quartz veins (post-peak metamorphism) that had variable amounts of sulphides. The quartz veins showed brittle shear and multiple histories. The down hole surveys showed the holes flattened to 40-45 o dip where they encountered the quartz veins and contacts were near perpendicular. The true widths will therefore be 70%-100% of those reported here.
Lake Winn is encouraged by these high-grade gold intercepts in the very first phase of exploration, initiated immediately after completing the option on the property from W. S. Ferreira Ltd and receipt of the work permit. They require immediate follow-up and, Lake Winn plans to return the project to conduct further 2,000m of drilling focused on the mafic unit and high grade zones between around drill holes CP-2020-02 and CP-2021-03. This will commence once the permit is renewed. The mafic/magnetic unit that hosts the gold continues 4km to the west based on the magnetic data and this unit is now considered highly prospective. In Spring the company will also conduct prospecting and till sampling.
Table 2. NQ sized drill hole location and orientation
Click Image To View Full Size
Figure 1 Is a Plan View of the drill holes reported in this news release. Yellow dots are the drill hole collars. Drill hole traces are shown in black. A histogram showing gold grade, also in black, approx. 1mm per gram. Text, highlights the better gold intercepts. The coloured background is the total magnetic intensity, red, hot colours are the magnetic/mafic unit that hosts the gold.
Qualified Person
The Qualified Persons for this news release is Buddy Doyle, AUSIMM, a Geologist with over 30 years’ experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101. The project Geologist is Carey Galeschuk, P. Geo Manitoba, in charge of the chain of custody, standards, and field work he has also reviewed the technical information in this news release.
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 also has the Quartz property 76 kilometres east of Flin Flon where there are historic high grade gold drill intercepts. Lake Winn is waiting for exchange approval from the TSX: V.
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
Lake Winn Drills 8 Holes, Phase 1 Drill Program at Cloud Project, Flin Flon Gold Belt, Manitoba
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce it has drilled 8 holes, 1683 meter drill program on the Cloud project, in the Flin Flon Gold Belt, Manitoba. Samples for the holes have been sent to the laboratory and the company is waiting for assays.
After completing two holes prior to Christmas, the crew returned to the property early January where six more holes were completed.
The holes were initiated to test the Bachnick gold showing and to test the Resistivity and IP targets. Quartz veins with sulphides were encountered in most of the holes. Zones of silicification and zones containing disseminated sulphides were also encountered which most likely explain the resistivity and IP anomalies. Table one gives the drilling details of each hole.
Table 1. NQ sized drill hole location and orientation
Total 1663 meters
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with 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 also has the Quartz property 76 kilometres east of Flin Flon where there are historic gold drill intercepts.
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
Lake Winn Obtains the Quartz Project in Manitoba, with Historic Gold Intercepts
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) (TSXV:LWR) (OTC:EQTXF) has obtained a new 100% owned gold project in the Flin Flon gold belt, Manitoba. The project was obtained in part by staking and in part by completing a purchase agreement described below.
The Quartz project lies near the southern shores in Reed Lake between the Reed Lake and Four Mile Island VMS deposits.
The Quartz project contains multiple drill hole intercepts containing gold. See Tables 1, 2, 3, and 4 below. In 1975, diamond drill hole Eel-258, intersected 1.28m @ 19.9 g/t Au, whilst targeting a 1.45 km long EM conductor. The hole was drilled by Hudson Bay Exploration and Development Co. Ltd. (“Hudson Bay”) who were exploring for copper-zinc massive sulphide deposits at the time. Subsequently, Hudson Bay drilled 19 diamond drill holes into this gold bearing zone between 1975 and 1988. 14 of the 19 holes were drilled in 200m long sections of the conductor, leaving most of the 1.45 km long conductor untested. Figure 1 depicts the location of the Hudson Bay drill holes and the drill hole intercepts. In 2007 the area was further drill tested by Tribune Uranium Corp., (“Tribune”). Their work is summarized in Table 2. They also encountered multiple gold intercepts but again they concentrated the drilling in the 200m zone already shown to contain gold by Hudson Bay. Highlights of the Tribune drilling include 5.8m @ 12.8g/t Au, and 1.43m @ 12.0 g/t Au. The drill intercepts show that the conductor is represented by a shear with sulphides and graphite hosted in felsic volcanics. The Tribune drilling intersected multiple gold bearing shears and a cross section is provided in figure 2 to demonstrate this.
Lake Winn’s main exploration objective is to drill test the entire 1.45 km length of the conductor for extensions of the proven zone which is defined by the historic drilling open to the east, to the west, and at depth. To expedite this the company has commissioned a heliborne time domain EM survey (TDEM). This survey will be used to accurately locate the conductive horizon, allowing 3D modeling of the conductor to aid drill targeting. The plan is to begin drilling before the ice melts prior to April depending on permitting and the weather. Permit applications have been submitted.
Table 1: Hudson Bay Gold Drill Hole Locations.
Table 2: Hudson Bay Gold Intercepts
Table 3: Tribune, 2007 Drill Collar Locations and Orientation
Table 4: Gold Intercepts >1 g/t Tribune Holes.
Click Image To View Full Size
Figure 2 Tribune historic 2007 drilling, plan and cross section.
Transaction
Lake Winn will pay William Ferreira, $50,000 and 100,000 shares for the 100% purchase of the Quartz Claims, named Quartz 1 and Quartz 2 totaling 254 hectares, along with granting a 2% Gross overriding Royalty (“GOR”) of which 1% may be purchased for $1 million. The transaction is subject to TSX approval. The company has spent approximately $30,000 staking 100% owned ground around these core claims, totaling approximately 5,000 hectares, to create an exploration buffer around the core. The Royalty will apply to a portion of this ground in an area of interest.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 30 years’ experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101. There has been no site visit as the property is under a lake. Efforts have been made to locate the historic core which will be viewed when located and Covid restriction allow.
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 diamond drilling on this property. The company now has a second gold property in Manitoba, the Quartz project in Reed Lake reported in this release.
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
Lake Winn Commences Drilling on the Cloud Project
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce it has commenced drilling on the Cloud project, in the Flin Flon gold belt, Manitoba.
The first runs of core are being recovered from drill hole CP-2020-01. The hole is being drilled at an azimuth of 345 0 and a dip of 50 0. This hole is targeting the western side of the Bachnick gold zone (see figure 1). The 320m long zone is defined by over a dozen pits which returned gold values from grab and channel samples. It is hosted in mafic meta-volcanics and is estimated to be 115m wide at this point. The northern edge of this unit is marked by a distinct resistivity anomaly that also coincides with the Mikanagan fault. The plan is to drill across this zone and through the resistivity anomaly and the fault to the rocks beyond and complete the hole at plus/minus 200m depth. The concept is that the resistivity anomaly represents silica flooding from mineralizing fluids using the fault as a conduit. The mafic volcanics act as a chemical trap for these fluids. The hole, therefore, has two targets the geochemical anomaly of the Bachnick gold zone and the conceptual anomaly of the resistivity zone hosted by the Mikanagan fault.
The company plans a minimum of 1500m to 3,000m of drilling during this campaign and will continue to make public with news releases, milestones as the campaign progresses.
Click Image To View Full Size
Figure 1: Bachnick gold prospect, showing first drill hole CP-2020-01
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. Carey Galeschuk, P. Geo. the project manager is a registered professional geologist in Manitoba.
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
Lake Winn Receives Results from Drone Based Magnetic Survey
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce that it has received the final data from the drone based airborne magnetic survey regarding the Cloud project in the Flin Flon gold belt, Manitoba.
The survey was flown by Stratus Aeronautics Inc. based out of Burnaby BC. The survey was flown at 50m line spacings on a north-south grid. The work is designed to assist in the understanding of the geology of the Cloud project.
The magnetic data has immediately shown to map the mafic meta-volcanics that host 320m by 50m Bachnick gold zone and also demonstrates that this geology continues to the west under cover for an additional 1km. This unit, a “greenstone” is thought to host the gold mineralization and this will be the prime target for drill testing which commences next week. The parallel and adjacent IP and Resistivity anomalies will also be tested by drilling. Figure 1 depicts this data. Interpretation of the magnetic data will continue with a focusing on mapping structures.
Click Image To View Full Size
Figure 1: Airborne total magnetic intensity image of the Cloud Project
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
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.
Click Image To View Full Size
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
Lake Winn Receives Exploration Permits & Stakes Additional Mineral Claims
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) (TSSV:LWR) (OTC:EQTXF) is pleased to announce that it has received all work permits for the Cloud Project, near Flin Flon, Manitoba. The permit allows for exploration activities, including drilling, trenching, and geophysical line cutting.
On the strength of receiving the permits the company immediately began organizing a drill program which will commence as soon as possible.
Lake Winn elected to increase its land holdings in the area by staking total of 6 additional claims, the total area of the Cloud project is now 1469 hectares (14.69 km 2 ), more than tripling the size of the original holdings.
As well as securing a comfortable area for mine development should our exploration efforts prove successful the new staking includes historic drill holes that included gold intercepts and extensions of the same geology hosting the gold zone.
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 Area 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
- 1
- 2