Business
Arctic Fox Minerals Awaiting Lidar Results From Uptown Gold Property
VANCOUVER, BC, Dec. 1, 2022 /CNW/ - Arctic Fox Minerals Corp. (CSE: FOXY) (the "Company" or "Arctic Fox") is pleased to announce that it has completed its lidar
About this update from Collective Metals Inc
[{"type":"text","content":" VANCOUVER, BC, Dec. 1, 2022 /CNW/ - Arctic Fox Minerals Corp. (CSE: FOXY) (the \"Company\" or \"Arctic Fox\") is pleased to announce that it has completed its lidar survey and is awaiting on the data to be interpreted for its flagship property located outside of Yellowknife, NT. In August of 2021, the Company contracted Sub Arctic Geomatics to complete a multi hectare LiDar airborne and ground geophysical surveys on claims K15962 and K15963. Upon further review of its Uptown Gold Project, the Company decided that claims K15962, K15963, K15964, and K15965 have the most potential to yield high grade drilling results. (See press release dated November 22,2022). The importance of this Lidar survey was to identify subtle topographic features such as river terraces and river channel banks, glacial landforms, to measure the land-surface elevation beneath the vegetation canopy, to better resolve spatial derivatives of elevation, and to detect elevation changes between repeat surveys have enabled many novel studies of the physical and chemical processes that shape the landscape of the Uptown Gold Project. The Lidar survey was also crucial in helping Arctic Fox to identify structural geology and geophysics anomalies for the detection and study of faults, for measuring uplift. Rob Geitl, CEO of Arctic Fox states, \"By identifying the specifics from our LiDAR survey on these claims we are extremely optimistic that the results will clearly identify the next steps of our business plan.\" About Arctic Fox Arctic Fox is a resource exploration company specialized in precious metals exploration in the Northwest Territories. Arctic Fox is currently advancing the Uptown Gold Project 4 km outside of Yellowknife adjacent to high grade past producing mines. The property is a high grade Archean lode gold prospect adjoining the Giant Mine in Yellowknife, Northwest Territories. The Property consists of 4 claims covering over 2,000 hectares and borders the west side of the Giant Mine leases. The Property centre is approximately 6km north from downtown Yellowknife, and adjoins TerraX Minerals' Yellowknife City Gold Property. The Property is road accessible year-round via the Ingraham Trail (Territorial Highway 4) which runs through the eastern portion of the claims. Gold was discovered on the Property in 1960 and two targets ...