Business
Go Metals Identifies Large IP Anomalies
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Go Metals Corp. (CSE: GOCO) ("Go Metals" and/or the "Company") is pleased to update regarding
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Go Metals Corp. (CSE: GOCO) (\"Go Metals\" and/or the \"Company\") is pleased to update regarding a resistivity and IP survey on the 100% Go Metals owned Copper Cobalt Monster Project (\"Property\") in the Yukon, Canada. Go Metals reports the following: Highlights: A resistivity low underneath the Beast contains positive chargeability anomalies and overlaps with a large magnetic target Two chargeability highs of 75 m x 100 m and open to depth underlay the Beast target at approximately 80 m from the surface The Bloom is underlain by an overlapping resistivity low, chargeability high, and magnetic high that may be associated with one or more mineralized faults Geophysical data will be integrated with magnetic and gravity data for drill targeting. Figure 1. A Chargeability high underlies the Beast target starting at 25 m below the surface. (Chargeability from 0 in blue to >35 mV/V in pink). Context: The Monster Property is a large copper cobalt property in Yukon, Canada. Mineralization on the claim is similar to that of the giant Olympic Dam IOCG-Co deposit. The Monster Property contains surface mineralization of cobalt in cobaltite and copper in chalcopyrite, bornite, and minor chalcocite. Sulphide mineralization is chargeable and can be visualized with induced polarization surveys. Go Metals retained Groundtruth Exploration to survey just under 6km in sets of 820m lines at 10 and 5m electrode spacing for resistivity and induced polarization data. Targeting IOCG mineralization with resistivity and chargeability The alteration and mineralization on Monster shows similarities to that of IOCG deposits on the Gawler Craton. A good example is Carrapateena, which was successfully imaged using resistivity surveys. The chargeability of IOCG deposits is influenced in part by the presence of specular hematite. Go Metals has found many similarities between the Carrapateena and the Monster, such as their mineralogy and magnetic response. To further the targeting Go Metals will analyze a set of mineralized and unmineralized rock for electrical properties such as chargeability and magnetic susceptibility. Data presentation Data was collected using an AGI Supersting by Groundtruth Exploration. High-error data points were deleted, and the remaining data inverted in 2D prior to ...