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Advance United Holdings and Frontline Gold Report on Geophysical Work Program on Paint Lake Road Project in Wawa, Ontario23.11.2022 | 13:30 Uhr | Newsfile
The completion of recent ground VLF EM survey reveals numerous structures of interest on the Paint Lake Road Joint Venture property in the Wawa area of Ontario, an area renowned for gold and base metal ores. Highlights
Toronto, November 23, 2022 - Advance United Holdings Inc. (CSE: AUHI) (FSE: 9I0) (OTCQB: AUHIF) and Frontline Gold Inc. (TSXV: FGC) are pleased to report numerous favorable geophysical anomalies have been identified on the Paint Lake Road JV ("PLR JV") Property. The project is within the Wawa Abitibi Subprovince, prolifically known for its metal endowment. It has been estimated the Abitibi Subprovince has produced over 200 million ounces of gold and 400 million tonnes of base metal ore. The belt has recently been consolidated and the Paint Lake Road property is strategically located inside the consolidated area near the Mishi Open Pit and the former Magnacon Mines. The property comprises six (6) claim blocks totaling over 3,610 hectares 50km north of Wawa, Ontario and is located inside the Mishibishu Greenstone Belt which hosts the Wesdome Mines, the Eagle River Gold Mine, the Mishi Open Pit, and the former Magnacon Mine. Advance United has had success in the Wawa area having formerly developed and sold the Dorset Zone to current owners, Angus Ventures, which hosts a non-compliant resource of 100,000 oz. gold. The full story can be read here.
To view an enhanced version of Figure 1, please visit: The Paint Lake Road property sits along the Pukaskwa-Iron Lake (PIL) Shear Zone, known to host gold mineralization at the former Argo property and further south at Wesdome's Camp Lake occurrence. Further northeast the Iron Lake Shear Zone hosts Alamos' Island Lake Mine.
To view an enhanced version of Figure 2, please visit: The Paint Lake Road Property Geology The northern limb of the belt, where the PLR JV Property and the Mishi Mine of Wesdome are located is dominated by an assemblage of clastic sedimentary rocks, felsic tuffs, and mafic flows. The southern limb, where the Eagle River Mine is located, is dominated by tholeiitic basalts and calc-alkaline andesites with minor interflow clastic sedimentary rocks and lean chert-magnetite iron formation. Promising Paint Lake Road Targets Gold bearing quartz veins at Eagle River are hosted primarily by subvertical to steeply north dipping east-west striking shear zones within an elliptical quartz diorite stock Mineralized structures exhibit broad zones of deformed rock (3-20 m wide shear zones) affiliated with strong silicification over 20-50 m width. The PLR JV property is underlain by intrusive rocks and as such has been largely ignored in previous exploration programs. The identification of possible shear offsets from the main PIL shear will be further explored with prospecting and sampling. Drilling has occurred in the past along the PIL shear zone, and gold has been detected in drill core and surface sampling (MNDM Assessment Report # 42C03NW0540).
To view an enhanced version of Figure 3, please visit: The recent survey was focused on the northeastern part of the claim group.
To view an enhanced version of Figure 4, please visit: It is evident from the results of the survey that there are at least six northeast trending anomalies identified in the area covered by the survey which could be related to shear zones in the underlying bedrock.
To view an enhanced version of Figure 5, please visit: Mr. James Atkinson, CEO Advance United, stated, "I am excited by the results of the recent VLF EM survey - this area is a largely explored area of the PIL and we have identified EM anomalies cutting the rocks. I fully believe that although this area was not properly explored in the past that exciting results will result from our prospecting and sampling program which will commence in 2023. We are looking forward to further prospecting of the property, and the VLF EM survey will be expanded to cover the extensions of the recently identified anomalies." About the Paint Lake Road Joint Venture Walter Henry, Frontline Gold's CEO is a director of Advance United; and James Atkinson, Advance United's CEO is a director of Frontline Gold. About Advance United Holdings Advance United brings an entirely different approach to the mining industry. We don't mine. Rather, we've acquired a portfolio of undervalued gold properties and are increasing their value through the application of modern technology. We have a growing pipeline of similar properties that we are looking to acquire. And now we've launched the Au Marketplace. A first of its kind digital platform that connects owners of mineral commodities and deposits with developers and producers. We are involved exclusively in the acquisition and advancement of past projects - with no intent to bring them back into production or to mine them ourselves. Our expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but we believe have economic value at today's prices. We fund the development of re-working historic data and applying modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing the current value. Our purpose is to bring immediate and long-term value to our partners and shareholders while seeking to eliminate exploration risk, so that we can all advance united in the shortest possible time frame. For additional information about us, our projects, or to find out how you can list your project in the Au Marketplace, visit www.advanceunited.ca. About Frontline Gold Corporation Frontline continues to actively seek projects, and additional investor/partner(s) in order to continue to build upon its properties and net smelter return royalties Further information about Frontline is available here, www.frontlinegold.com, or on the social media sites here, Facebook: https://www.facebook.com/frontlinegold/ Twitter: https://twitter.com/frontlinegold Linkedin: https://www.linkedin.com/company/frontline-gold-corp-fgc- Qualified Person Contact Information Forward-Looking Information and Cautionary Statements To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145326 Dieser Artikel stammt von Rohstoff-Welt.de
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