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BWR Commences Exploration of Little Stull Lake Project; Airborne Magnetic Survey Scheduled Over Mineral Exploration Licenses
TORONTO, ONTARIO--(Marketwired - Aug. 14, 2017) - BWR Exploration Inc. (TSX VENTURE:BWR) ("BWR") is pleased to provide an exploration update on its Little Stull
About this update from Bwr Exploration Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Aug. 14, 2017) - BWR Exploration Inc. (TSX VENTURE:BWR) (\"BWR\") is pleased to provide an exploration update on its Little Stull Lake Gold Project, located in Northeastern Manitoba. BWR previously announced (July 27, 2017) the issuance of two Mineral Exploration Licenses to Puma that cover 388 square kilometers of favorable exploration land that essentially ties up most of the Manitoba portion of the Wolf Bay Shear Zone. The two Puma MEL's have now been officially transferred to BWR, and pursuant to the agreement with Puma; upon notification of the transfer of the MEL's to BWR by Manitoba Ministry of Growth, Enterprise and Trade (\"Manitoba MGET\"), BWR must make a $50,000 payment to Puma for each MEL within 30 days. BWR is pleased to announce that it has now made these two payments to Puma totaling $100,000 as contemplated in the October 5, 2016 agreement. During the MEL application process, BWR acted on behalf of the applicant (Puma) during discussions with Indigenous Communities in the project area, BWR proposed a low impact airborne aeromagnetic survey over the MEL defined project area, the survey to be of a size and scope as required to meet the exploration requirements on the MELs for the first year. A portion of the proposed survey was designed to focus on the historical drilled area referred to as the West Zone (located within MEL 1026A) with high density flight-line airborne coverage over 14 kilometer strike length, and with less dense flight-line coverage over the more distal outlying areas (MEL 426A) that lay along strike to the west-northwest for a further 26 kilometers. The airborne survey is scheduled to be completed over the next few weeks. Certain areas within the survey block will be excluded from the airborne survey at the request of the two communities, due to the presence of Traditional Lane Entitlement (\"TLE\") areas that are reserved for members of God's River and God's Lake First Nations. The results of the aeromagnetic survey will be used in planning future exploration work in the MEL's as well as over the five historical drilled areas. Upon completion of the survey, additional filing is required including a copy of the airborne survey report and expenditure amount to fulfill the year one exploration commitment. BWR is currently planning and preparing for an exploration ...