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Dixie Gold Inc. Commences One of the Largest Airborne Geophysical Surveys in History of Red Lake
4,695 KM Geophysical Survey Covers Majority of Dixie Gold's Red Lake Gold Project; Complimen...
About this update from Dixie Gold Inc.
[{"type":"text","content":"Dixie Gold Inc. Commences One of the Largest Airborne Geophysical Surveys in History of Red Lake4,695 KM Geophysical Survey Covers Majority of Dixie Gold's Red Lake Gold Project; Compliments Ongoing Field ProgramsVANCOUVER, BC / ACCESSWIRE / October 1, 2020 / Dixie Gold Inc. (TSXV:DG)(FWB:2YCA) (\"Dixie Gold\" or the \"Corporation) is pleased to announce that it has commenced one of the largest privately-funded airborne geophysical surveys in the history of the Red Lake, Ontario gold district. The 4,695 line-kilometre heli-borne geophysical exploration program will assist the Corporation in defining structures that may deliver prospective, district-scale gold exploration corridors within its Red Lake Gold Project, which in turn is located immediately adjacent to Dixie Gold Project being advanced by neighbouring Great Bear Resources Ltd.Figure 1: Dixie Gold Inc. - Claim Map of the Red Lake Gold Project\"Dixie Gold Inc.'s Red Lake Gold Project represents a remarkable district-scale gold project, most of which was first-assembled in 2018 before Great Bear Resources made their subsequent LP gold discovery in late-Spring of 2019. Following our acquisition of the project at the start of this year, Dixie Gold has quickly evolved into a leading exploration junior in this emerging gold district having both a multi-thousand sample SGH soil survey ongoing and now a multi-thousand KM geophysical survey underway. We believe our Red Lake Gold Project has robust discovery potential and delivers a flagship asset for Dixie Gold's shareholders. On behalf of the Dixie Gold team, I would like to reiterate our excitement for both the project and the large-scale exploration programs that we have underway, all of which are fully-funded from existing treasury without dilution to current shareholders and are being executed in the context of an exceptional share structure,\" stated Ryan Kalt, Chief Executive Officer of Dixie Gold.Dixie Gold has 25,737,188 common shares issued and zero warrants outstanding. Insider ownership stands at more than five million common shares.About the Fall 2020 Geophysical Survey:Dixie Gold's newly-commenced, large-scale airborne geophysical survey is slated to cover 4,695 line-kilometres, done on the basis of 50-metre spacing.Figure 2: Dixie Gold Inc. - Coverage Map of the Fall 2020 Geophysical Survey at the Red Lake Gold Pr...