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King's Bay Gold Corporation completes an airborne geophysical survey at its Darkwater Gold Mine property in northwestern Ontario
(via Thenewswire.ca) King's Bay Gold Corporation (TSX.V: KBG) ("King's Bay Gold") is please...
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[{"type":"text","content":"\nKing's Bay Gold Corporation completes an airborne geophysical survey at its Darkwater Gold Mine property in northwestern Ontario\n\n(via Thenewswire.ca)\n\n \nKing's Bay Gold Corporation (TSX.V: KBG) (\"King's Bay Gold\") is pleased to report that a 161 kilometre high-resolution helicopter-borne magnetic and electromagnetic geophysical survey has been completed over its 100% owned Darkwater Gold Mine at Sturgeon Lake Claims property located approximately 30 kilometres north of Ignace, Ontario in the Valora Area of the Patricia Mining Division of northwest Ontario. Fugro Airborne Surveys, a division of Fugro Canada Corp., flew the survey at an average 50-metre line spacing and 60-metre ground clearance. King's Bay Gold is now in possession of the resulting maps and the company is studying the results to determine the presence and nature of any new targets and extensions of existing mineralization. Of particular note is that the survey included the production of both tilt derivative and horizontal gradient maps, the combination of which are highly suitable for mapping shallow basement structure and mineral exploration targets. \n\n \n \nKing's Bay Gold President & CEO, Jim Rogers commented \"We now have the high quality geophysical surveys in place that will help us to project extensions of known structures as well as target new discovery opportunities. It has been over 75 years since any real exploration has taken place on the Darkwater Mine Property. This detailed geophysical survey combined with improved exploration and mining technology and the historical results suggest that the property could have all of the ingredients to be a modern mine\"\n\n \n \nThe first exploration of the Darkwater Gold Mine property was performed in 1935-1936 and consisted of surface mapping, sampling and 28 diamond drill holes. The program traced an approximately 300-metre long southeastward-dipping, quartz-carbonate-tourmaline lode gold-bearing quartz vein that is hosted by an intrusive igneous quartz diorite-trondhjemitic sill on the southern edge of the Sturgeon Lake Caldera Complex. Twenty six diamond drill holes, spotted at 15.2 metre (50 foot) intervals, were drilled to intersect the vein at a depth of 38 to 46 metres below surface and the other two to intersect the main vein 92 metres below surface. \n\n \n \n\"Samples taken across the ...