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GoldSpot and Quebec Precious Metals Provide an Update on the Elmer East Project: 4.5km Long High-Grade Gold Structure
Lloyd discovery, 4.5 km long gold-bearing structure with high grades remains open to extend m...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot and Quebec Precious Metals Provide an Update on the Elmer East Project: 4.5km Long High-Grade Gold StructureLloyd discovery, 4.5 km long gold-bearing structure with high grades remains open to extend mineralization at depth; Processing of aeromagnetic and orthophotos/LiDAR data defines dilatant zones along structure in a sinistral strike-slip system and connected with dykes; andRecommended 2022 program consists of Induced Polarization (\"IP\") survey to better define the structure's high-priority gold targets followed by drilling.Toronto, Ontario--(Newsfile Corp. - March 23, 2022) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\" or the \"Company\"), a leading technology company leveraging artificial intelligence and data science to transform the mineral discovery process, and Quebec Precious Metals Corporation (TSXV: QPM) (OTCQB: CJCFF) (FSE: YXEP) (\"QPM\"), are pleased to provide exploration updates at the Elmer East project 100% owned by QPM. This includes detailed structural lineaments mapping that has led to a refinement of gold targets, and an upcoming induced polarization geophysical survey over the 4.5 km long E-W trending prospective corridor (see press release of September 8, 2021).Vincent Dubé-Bourgeois, CEO of GoldSpot Discoveries commented: \"The progress made by Québec Precious Metals and GoldSpot on the Elmer East project shows enormous potential. This 4.5km high-grade gold structure highlights the potential for significant gold mineralization. We look forward to the results of future exploration work.\"Normand Champigny, CEO of Quebec Precious Metals commented: \"The presence of a 4.5 km long gold-bearing structure with high grades is a clear indication of the strong gold potential of the Elmer East project. With an IP survey, the project will be drill-ready in 2022.\" Refining the Structural Portrait to support Gold TargetingThe 2020 high-resolution airborne magnetic data covering the Elmer East property were revised and upgraded by InterGéophysique, revealing many details on the structural architecture of the area. In addition, newly acquired high-resolution orthophotos and LiDAR data were processed to support the structural study. GoldSpot generated a structural lineament map which highlights a complex structural pattern of folds and shears in an Archean clastic ba...