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Power Group Projects Commences Field Work on Muddy Gullies PGE Project, Central Newfoundland
Toronto, Ontario--(Newsfile Corp. - August 10, 2021) - Power Group Projects Corp. (TSXV: PG...
About this update from Power Group Projects Corp.
[{"type":"text","content":"Power Group Projects Commences Field Work on Muddy Gullies PGE Project, Central NewfoundlandToronto, Ontario--(Newsfile Corp. - August 10, 2021) - Power Group Projects Corp. (TSXV: PGP) (the \"Company\") is pleased to announce that field work has commenced on its Muddy Gullies PGE property in central Newfoundland. The first phase of exploration will include airborne magnetometer, LiDAR and orthophotography surveys, line cutting and gridded prospecting, mapping and sampling. The property is highly prospective for the discovery of significant Platinum Group Elements (PGE) hosted by a pyroxenite unit of the Gander River Complex.The line cutting program is underway and has been contracted to Grass Roots Exploration of Gander, NL. This will provide a control grid for the prospecting on the main PGE target zone. The airborne surveys will cover the central three licences on the property, and have been contracted out to RPM Aerial Inc, of Holyrood, NL. All the necessary permits are in place for this phase of the field program.This work will be followed in the Fall-Winter exploration season by a planned drill program comprising 1000 metres.Muddy Gullies PropertyThe Muddy Gullies Property is located 28 kilometers northeast of the town of Gander, NL. Route 330 affords easy access to the property as does Muddy Gullies access road which runs east from route 330.The Property comprises 113 claim units (8 licences) covering 28.25 km². The Property is host to several historical platinum, palladium, copper and gold showings, as indicated by the Mineral Occurrence Database System, Department of Natural Resources, Newfoundland & Labrador. The Property is underlain by a portion of the Gander River Ultramafic Belt (GRUB LINE) which consists of pyroxenite and lessor serpentinite, magnesite, amphibolite, hornblendite, and gabbro.The mafic and ultramafic rocks of the GRUB LINE are considered to be an ophiolitic suite of volcanic and plutonic rocks which have tectonically emplaced over the Gander Groups.Local and Regional GeologyThe Muddy Gullies Property straddles the tectonic boundary between the Dunnage Zone to the northwest and the Gander Zone to the southeast. The Davidsville Group sediments represent rocks of the Dunnage Zone on the Muddy Gullies Property and consist of pebble conglomerate, sandstone, shale and siltstone. Areas to the west...