NIKOS Announces Positive Results of Induced Polarization Survey at Borden Lake Extension

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[{"type":"text","content":"NIKOS Announces Positive Results of Induced Polarization Survey at Borden Lake ExtensionVANCOUVER, BC / ACCESSWIRE / September 14, 2016 / Nikos Explorations Ltd. (TSXV: NIK) (\"Nikos\") is pleased to announce the results of an induced polarization (IP) survey recently completed at the Borden Lake Extension Project near Chapleau, Ontario. The IP survey was completed over an area where up to 48 gold grains were found in till samples (see news release dated March 29, 2016). The purpose was to identify chargeability anomalies that may be associated with gold mineralization in areas of poor outcrop up ice of the anomalous till samples.\nThe IP survey, carried out over two grids covering the areas of anomalous till samples, resulted in a number of chargeability anomalies. Two of the anomalies occur on the south grid and both extend over 400 metres and remain open to the east. One of these anomalies occurs adjacent to a recently outlined soil gas hydrocarbon (SGH) anomaly approximately 200 metres up ice of the location of the anomalous till sample that contained 48 gold grains. (See maps at http://nikosexplorations.com/projects/borden_lake/). The second chargeability anomaly, which shows a stronger chargeability response than the first, as well as a higher resistivity response, occurs a further 500 metres up ice. Such a combined high chargeability-high resistivity anomaly may be indicative of mineralized quartz veins or silicified zones.\nThree small chargeability anomalies located on the north grid also have potential, but are oriented at a small angle to the survey lines and are difficult to follow. However, this trend is subparallel to a possible structural break interpreted from airborne magnetics.\n\"We are excited about the presence of the chargeability anomalies defined in the recent IP survey, especially the anomaly immediately up ice of our till sample containing 48 gold grains. These results are significant given the important role IP surveys played in the discovery of the neighbouring Borden Lake Gold Deposit,\" said Roger Moss, Nikos President and CEO. \"We are planning a drill program to test these anomalies.\"\nThe IP survey was a dipole-dipole survey carried out on cut lines spaced 100 metres apart with stations every 25 metres along each line. Interpretation of the results of the survey is ongoing to define follow up dr...

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