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Golden Peak Announces Option to Acquire the Canegrass Project in Western Australia.
(via TheNewswire) Vancouver, British Columbia / TheNewswire / March 15, 2018 - Golden Peak...
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[{"type":"text","content":"Golden Peak Announces Option to Acquire the Canegrass Project in Western Australia.(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / March 15, 2018 - Golden Peak Minerals Inc. (TSXV: GP) (the \"Company\" or \"Golden Peak\") is pleased to announce that it has entered into an option agreement (the \"Agreement\") with Trafalgar Resources Pty Ltd (\"Trafalgar\"), a private Australian company, to acquire a 100% interest in the Canegrass Project (the \"Project\") in the Mount Magnet Region of Western Australia. \n\n \n \nCanegrass Project:\n\n \n \nThe Project, measuring 42 km2 (4200 Ha), is located 60 kms southeast of Mount Magnet and 550 kms northeast of Perth in Western Australia. The Canegrass Project lies within the Windimurra Igneous Complex, a 2,500 km2, Archean aged, differentiated, layered ultramafic to mafic intrusion. The Windimurra Complex is the largest exposed layered intrusive complex in Australia. The project is road accessible. There are no known aboriginal title claims relating to the project. \n\n \n \nLocation Map: http://goldenpeakminerals.com/Canegrass-map.jpg\n\n \n \nHistorical exploration of the Windimurra Complex largely focused on platinum, palladium and gold. Early exploration identifed anomalous nickel, cobalt and copper throughout the region. A recent airborne survey completed in 2013 and reinterpreted in 2017 identifed fourteen EM targets of interest within the project footprint. \n\n \n \nWes Hanson, P.Geo., President and CEO of Golden Peak commented: \"We are very pleased to add the Canegrass Property in Western Australia to our project portfolio. We believe the nickel, cobalt and copper potential of the Windimurra Complex is underexplored and this agreement provides our shareholders with another, high quality, exploration asset within our project portfolio.\" \n\n \n \nHistorical exploration of the Canegrass Project is limited with the most focused exploration occurring from 2010 through 2015. The exploration work completed during this period includes:\n\n \n \n-Surface mapping and geochemical rock sampling;\n\n\n \n-Airborne VTEM survey (2013);\n\n\n \n-Ground EM and Magnetic surveys over select airborne targets;\n\n\n \n-Two (2) diamond drill holes testing an EM target (2014); and\n\n\n \n-Six (6) RC and one diamond drill hole at a second EM target (2014); \n\n \n \nIn total, two o...