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Xplore Announces Completion of Phase 1 Airborne Survey at Red Lake

Sep 22, 2021

Xplore Resources Corp.  says Phase 1 2021 exploration programs have been completed at the Company's Upper Red Lake Gold Project, the Pringle Lake Property and Perrigo Lake Property all located in the Red Lake Mining Division.

The airborne survey was conducted by Prospectair Geosurveys Inc. based in Gatineau, Quebec using a EC120 Eurocopter Helicopter. The initial Phase 1 program consisted of a high-resolution heliborne magnetic survey ("MAG") flown in a systematic low-level grid pattern with full high-resolution covering the entirety of all three properties. Total survey distance was approximately 2,193-line kms.

The high-resolution survey has highlighted areas of interest for follow up field verification, including future drill targeting for the next phase of exploration. In addition, the survey is expected to better define the geometry and structural controls on mineralization and will aid in the identification of major litho-structural features.

Wes Hanson, P.Geo., President and CEO of Xplore, notes; "We are very pleased to have completed these initial airborne surveys at our three Red Lake properties. We consider the Red Lake district to be one of the premier, low risk, exploration jurisdictions in the world. With over 25 million ounces of historical gold production from past producers; and considering the recent exploration success of Great Bear Resources and First Mining Gold, the Red Lake camp clearly offers excellent potential for new gold discoveries. The preliminary results identify multiple anomalous responses within our assembled claims in this exciting district. Detailed analysis of the data is currently underway and final results are anticipated in 4 to 6 weeks. On receipt of the final data, potential targets of interest will be evaluated and prioritized for follow up exploration which may include initial diamond drilling during the upcoming winter field season."

Tags: Northern Ontario / Exploration / Gold / All Articles