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Ashley Gold: Tabor Lake Magnetic Inversion Highlights Deep Potential
Geophysics Aids Drill Targeting Leading Up to Maiden Drill Program Highlights Magnetic inversion shows a magnetic low anomaly agreeing with porphyry intrusion i
About this update from Ashley Gold Corp.
[{"type":"text","content":"Geophysics Aids Drill Targeting Leading Up to Maiden Drill Program Highlights Magnetic inversion shows a magnetic low anomaly agreeing with porphyry intrusion interpretation The magnetic anomaly extends at least 100m below deepest historic drilling and shows potential to be open significantly along dip Validates need for confirmation drilling followed by down-dip targeting Additional magnetic lows exist across Tabor Property related to known porphyry outcrops Calgary, Alberta - TheNewswire - July 26, 2023 - Ashley Gold Corp. (CSE:ASHL) (“Ashley” or the “Company”) has completed unconstrained inversion modelling of the recently acquired drone magnetics. The purpose of the inversion was to provide indication of structure at depth to guide the 2023 drill program. A magnetic low has been imaged correlating to the Quartz Feldspar Porphyry (QFP) associated with the Tabor Lake mineralization. Figure 1. Map showing negative magnetic inversion anomaly highlighted in pink*. Darcy Christian, President of Ashley, commented, \"The result of the inversion is adding confidence to our interpretation of the Tabor Lake deposit at depth. We are excited to see that the low magnetic anomaly is correlating well to surface and historical drilling intersections and this anomaly extends significantly deeper than historical drilling highlighting the potential to intersect additional mineralization at depth”. Interpretation of Inversion The Quartz Feldspar Porphyry (QFP) is interpreted to have a negative magnetic susceptibility, which correlates with veins hosting gold mineralization at Tabor Lake. The higher magnetic susceptibility is related to the mafic rocks which have increased iron content. Diamagnetic minerals such as quartz and gold tend to have slightly negative magnetic susceptibilities. Figure 1 shows a birds-eye view of the negative magnetic anomaly highlighted in a pink dashed line. The deepest part of the magnetic anomaly is open to the bottom of the inversion model (~1,000m). An additional negative magnetic anomaly is seen to the northwest which will be evaluated at surface for potential outcrop. Several other similar anomalies exist across the Tabor Lake project to be evaluated this fall. Figure 2 shows the same negative magnetic anomaly in cut out 3D view looking north-west. The anomaly...