Business
Airborne Magnetic Survey on Northwestern Portfolio
Airborne Magnetic Survey on Northwestern Portfolio.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n \n \n Follow the link to read the press release in full, including figures:\n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/3857P_1-2022-6-19.pdf\n \n \n \n \n \n \n \n \n \n 20 June 2022\n \n \n \n \n \n \n Cloudbreak Discovery Plc\n \n \n (\"Cloudbreak\" or the \"Company\")\n \n \n \n \n \n \n \n \n Cloudbreak Commences Airborne Magnetic Survey on Northwestern Portfolio\n \n \n \n \n \n \n \n \n \n Cloudbreak Discovery PLC (LSE: CDL),\n \n a leading natural resources project generator with a particular focus on resources key to the energy transition, is pleased to announce that it has engaged Precision GeoSurveys to conduct a high-resolution helicopter-borne magnetic survey over the Northwestern Portfolio, comprised of Northern Treasure, Rizz, Icefall and Atlin West (the \"Projects\"), all located in northwestern British Columbia (\"BC\"), Canada.\n \n \n \n \n \n The survey initiates Cloudbreak's next phase of exploration programme across the Projects, which contain an extensive number of mineralized showings. A primary goal of the survey is to identify prominent, potentially mineralised structures. The survey will also help delineate lithologic contacts to determine the next phase of ground-based exploration.\n \n \n \n \n \n Under the terms of various option agreements in place, Power Group Projects Corp (TSX-V: PGP) will be financing the survey on the Rizz, Icefall and Atlin West projects. Exploration costs for Northern Treasure will be financed by the Company as it remains open for option.\n \n \n \n \n \n \n Kyler Hardy, President and CEO of Cloudbreak\n \n \n , commented,\n \n \"We are delighted to commence this phase programme on the Northwestern Portfolio, which covers a number of promising polymetallic mineral occurrences. Cloudbreak was attracted to the region due to the absence of historic exploration work over the ground. Precision GeoSurveys will be applying this exploration technique to identify potential targets which can be advanced by our partners. Northern Treasure, our remaining project we staked in 2021, will benefit from the survey to guide the next phase and generate further interest from potential partners.\"\n \n \n \n \n \n \n \n \n \n \n \n \n Figure 1. Map of Northwestern Portfolio to be surveyed located in northwestern British Colum...