Business
Completion of Airborne Survey on Northern Treasure
Completion of Airborne Survey on Northern Treasure.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n \n \n 28 October 2022\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 Completes Airborne Magnetic Survey on Northern Treasure\n \n \n \n \n \n \n \n \n \n Cloudbreak Discovery PLC (LSE: CDL),\n \n a leading natural resources project generator and royalty business, with a particular focus on resources key to the energy transition,\n is pleased to announce that Precision GeoSurveys has completed a high-resolution helicopter-borne magnetic survey over the Northern Treasure Project (\"Northern Treasure\" or the \"Project\"), located in northwestern British Columbia.\n \n \n \n \n \n The survey consisted of 3,133 line-kilometres, flown at 100 metres line-spacing covering the entirety of the two claim blocks. The survey has identified several prominent structures and the survey results will provide valuable information enabling Cloudbreak to understand the geologic story of the property and delineate targets.\n \n \n \n \n \n The Company intends to follow up on this survey next year with a surface program comprised of mapping, prospecting and soil sampling. Cloudbreak's focus will be on: lineaments identified in this magnetic survey; anomalies from the remote sensing study conducted earlier this year; and ground truthing historic minfile occurrences that initially drew the Company's interest to the area when it selected Northern Treasure for staking. Integration of the magnetic data and interpretation is currently ongoing to prioritize the target areas for this program.\n \n \n \n \n \n \n Kyler Hardy, President and CEO of Cloudbreak\n \n \n , commented,\n \n \"The high detail of this survey has highlighted some structures that are coincident with minfile occurrences. We are looking forward to refining the interpretation and getting back out on the project next year. The regional mineralization and historic showings both on the property and along the geologic trends are what initially attracted us to the property.\"\n \n \n \n \n \n \n \n \n \n \n Figure 1. Total Magnetic Intensity Map of The Northern Treasure Claims group.\n \n \n \n \n \n \n \n \n \n \n Figure 2: Total Magnetic Intensity with Preliminary Lineament Interpretation.\n \n \n \n \n \n In addition to the completion of the survey at Northern T...