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Geologica Resource Recieves Exemption from Permit for Induced Polarization Survey at Topley Landing
Vancouver, BC - TheNewswire - July 18, 2023 - Geologica Resource Corp. (CSE:GRCM) (FSE:862) (Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to ann
About this update from Geologica Resource Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - July 18, 2023 - Geologica Resource Corp. (CSE:GRCM) (FSE:862) (Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce that the British Columbia Ministry of Energy, Mines and Low Carbon Innovation has issued the Company a permit exemption to conduct an induced polarization (“IP”) survey at Topley Landing. The exemption is valid for one year. As previously announced Geologica conducted a multi-year geochemical survey at the Topley Landing Property (“Topley”). The survey resulted in the identification of multiple copper and gold anomalies at Topley as well as multiple kilometer scale redox zones and Volcanic Massive Sulfide (“VMS”) targets. A district scale airborne magnetics survey conducted by Riverside/Antofagasta included Topley. As shown in the map below there are 2 north south trending magnetic lows (faults) in blue in the western portion of the property. Geochemical anomalies identified in the surveys that lie between these faults are the targets for future exploration at Topley. Of particular interest is the area where the overlapping copper and gold anomalies overlie the redox/VMS zones in the southwestern section of the property between the magnetic lows. Geochemical Anomalies in Relation to Magnetic lows Douglas Unwin CEO and President of Geologica states “The areas with the overlapping copper and gold anomalies are the areas that will be targeted by the IP survey. Analysis of the combined geophysics and geochemistry surveys should result in targets for a future drill program.” CLAIMS HISTORICAL WORK Previous drilling on the claims has indicated intense epithermal alteration with Ag, Pb, and Zn mineralization. Sporadic regional till samples in the area are in the 90th percentile for As, Sb, Pb and Zn. These claims have been mapped as mostly monazite stocks with in andesites, a similar geology to Mount Milligan. TOPLEY LANDING CLAIMS Geochemistry has identified high priority exploration target areas and kilometer-scale VMS target areas The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including the on trend past producing Granisle and Bell copper mines The property is located in central BC, is road accessible and cost effective to explore year round BC Hydro power lines transect the property and several water sour...