Home > News > Straightup initiates...

Straightup initiates magnetic survey on RLX North Property, Red Lake

Mar 19, 2021

"The ground magnetic survey is expected to better define the lithological and structural framework of the RLX North Property," Matthew Coltura, President and CEO of Straightup, stated, 

"There has been limited prior work on the area of the interpreted Upper Balmer Assemblage due to poor outcrop exposure, and the goal is to use the results of the ground magnetic survey and subsequent IP survey to further define priority exploration targets."

Straightup Resources Inc. has commenced a ground magnetic survey on its RLX North property, located southeast of Red Lake. The ground magnetic survey will comprise approximately 230 line kilometres, the results of which will be used to generate prospective targets for an induced polarization ("IP") survey. The Company intends to use the results of the IP survey to generate drill targets for a diamond drilling program on the RLX North Property during summer 2021.

The primary target on the RLX North Property is the interpreted Upper Balmer Assemblage and the continuation of major structural features on the property (Figure 1). These structural features are thought to be important in localizing gold zones in the Red Lake Gold Mine and Great Bear Resources Ltd.'s Dixie Limb and Hinge Zone. Readers are cautioned that the Company has no interest in or right to acquire any interest in Great Bear Resources' properties or the Red Lake Gold Mines, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof.

The location of the prospective area of Upper Balmer Assemblage rocks is based on the interpretation of aeromagnetic data obtained from Tri Origin Exploration Ltd. (see news release dated November 10, 2020) and historic drilling by Selco Mining Corp Ltd. ("Selco") in 1980 (DDH# 160-5-1). The Selco drill hole intersected ultramafic rocks and sulphide bearing quartz veins proximal to a prominent mafic/ultramafic and felsic geological contact. While the drill logs were filed for assessment work with the Ontario Ministry of Energy, Northern Development and Mines, no assay results are currently available for the sampling in this drill hole.


Tags: Northern Ontario / Exploration / Gold / All Articles