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Dixie Gold Inc. Announces Commencement of Exploration Program by Orano Canada at the Preston Uranium Project
Dixie Gold Inc. Announces Commencement of Exploration Program by Orano Canada at the Prest...
About this update from Dixie Gold Inc.
[{"type":"text","content":"\n\n\n\nDixie Gold Inc. Announces Commencement of Exploration Program by Orano Canada at the Preston Uranium Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 9, 2020\n\n\n\nVANCOUVER, March 9, 2020 /CNW/ - Dixie Gold Inc. (TSX VENTURE: DG) (\"Dixie Gold\" or the \"Corporation) is pleased to announce that the Corporation's project option partner Orano Canada Inc. (\"Orano Canada\")(previously AREVA Resources Canada Inc.) has commenced its winter 2020 exploration program at the Preston Uranium Project located in the Western Athabasca Basin near NexGen Energy Ltd.'s high-grade Arrow deposit and Fission Uranium Corp.'s Triple R deposit.\nPreston Uranium Project Map: https://www.dixiegold.ca/preston-media\n\"Dixie Gold is pleased to have industry-leader Orano Canada moving our Preston Uranium Project forward with their expertise and resources. The current geophysics and ground program is designed to help refine future drill targets.\nI would also like to take this opportunity to report that in addition to the active exploration work taking place at our project base in Saskatchewan, Dixie Gold is simultaneously progressing with plans to move inaugural exploration forward at our Red Lake Gold Project. With spot gold prices currently around $2,300/oz in Canadian dollars, we believe our Red Lake Gold Project (which is immediately adjacent to Great Bear Resources Ltd.) also offers Dixie Gold's shareholders a unique exploration opportunity and provides a compelling value proposition,\" stated Ryan Kalt, Chief Executive Officer of Dixie Gold.\nPreston Uranium Project Winter 2020 Program:\nOrano's exploration program on the Preston Uranium Project will consist of DC resistivity ground geophysics on the JL and Canoe grids and the B conductive area. To-date, exploration on the Preston Uranium Project has consisted of a traditional approach of defining conductors via ground EM surveys and diamond drilling. \nThe objective of this $735,000 exploration program is to use the DC resistivity method to further ch...