Business
Havilah Provides an Exploration Update for its Rice Lake Project and Announces Debt Settlement
Havilah Provides an Exploration Update for its Rice Lake Project and Announces Debt Settle...
About this update from 1911 Gold Corp.
[{"type":"text","content":"\n\n\n\nHavilah Provides an Exploration Update for its Rice Lake Project and Announces Debt Settlement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 4, 2019\n\n\n\nTORONTO, March 4, 2019 /CNW/ - Havilah Mining Corporation (\"Havilah\" or the \"Company\") (TSXV: HMC) is pleased to provide an exploration update for its properties in the Rice Lake greenstone belt of southeastern Manitoba. Havilah continues to make significant progress towards the 2019 field season in a number of key areas.\n\n \n \n\n \nThe Company recently completed ground-staking of 11,150 hectares, thus increasing its total land position in the belt to more than 53,000 hectares. This strategic acquisition provides the Company with a dominant and continuous land position along and adjacent to the crustal-scale Wanipigow Fault, over a total strike length of 80 kilometres. Major gold occurrences in the Rice Lake belt, including the True North mine at Bissett, Manitoba, which has produced approximately 2 million ounces of gold, are associated with structures that splay off this regional 'break'. The newly acquired ground provides an unprecedented opportunity to explore this fault system at a district scale.\nConcurrently, the Company has contracted EarthEx Geophysical Solutions Inc. to compile, level and merge high-resolution aeromagnetic datasets acquired by previous operators. This data will facilitate geological mapping and compilation of the district at scales suitable for the definition of project-scale targets.\nAs part of this initiative, the Company has also entered into a contract with Geotech Ltd. to acquire new high-resolution aeromagnetic data over two key, historically underexplored areas totalling roughly 21,500 hectares at the lateral extents of the Rice Lake belt. This helicopter-borne survey will consist of 4,733 line-kilometres flown at a spacing of 50 metres, with a terrain clearance of 30 metres. The results will complete a seamless aeromagnetic dataset over the entire exposed length of the Wanipigow Fault in Manitoba, and thus facilitate geol...