Golden Peak Announces Positive Results of VTEM Airborne Survey and Filing of NI-43-101 Technical Report for the Heikki Gold Project in Marathon, Ontario

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[{"type":"text","content":"Golden Peak Announces Positive Results of VTEM Airborne Survey and Filing of NI-43-101 Technical Report for the Heikki Gold Project in Marathon, Ontario(via TheNewswire)\n\n \n\n\n \n \nVancouver, BC / TheNewswire / August 9, 2017: Golden Peak Minerals Inc. (TSX-V: GP; US: GPKMF) (\"Golden Peak\" or the \"Company\") is pleased to announce positive initial results of a recently completed airborne VTEM(TM) survey (the \"Survey\") and also the completion and filing of the initial NI-43-101 Technical Report (the \"Report\") on the Heikki Gold Project (the \"Project\") in Marathon, ON. The Company has the right to earn a 100% interest in the Heikki Gold Project as outlined in its press release dated October 28, 2016.\n\n \n \nVTEM Highlights:\n\n\n \n\n\n-Commissioned in April 2017 and completed by GeoTech Ltd. of Aurora, Ontario.\n\n\n\n-Identified two large, shallow conductive zones within the 7,250 hectare Project footprint (Refer to Figure 2.0):\n\n\n\n\n\n-The first zone measured approximately 3,000 m x 1,800 m and is situated along the western perimeter of the Project area. \n\n\n\n-The second zone measured approximately 1,800 m in length, trended NW and is roughly coincident to the contact between metasediments and the Cedar Lake Pluton. \n\n\n\n-Numerous weakly conductive zones were also identified by the survey.\n\n\n\n\n\n-The Company is currently planning ground based Induced Polarity surveys over the two broad, shallow conductive anomalies identified by the airborne survey.\n\n\n\n \n \nNI-43-101 Technical Report Highlights:\n\n\n \n\n\n-The Report, based on positive merits of the project and exploration potential recommends:\n\n\n\n\n\n-Completion of a CAD$2.6 million, two phase exploration program that includes airborne and surface geophysics, regional and local scale geological mapping and sampling (Phase 1) followed by compilation, interpretation and diamond drilling (Phase 2). \n\n\n\n\n\n-The Report also provides a recommendation that the area where the metasedimentary and intermediate/mafic volcanic rocks are in contact with the Cedar Lake Pluton is a prime exploration target. \n\n\n\n\n \nWes Hanson, President and CEO notes \"The presence of two large, shallow, conductive anomalies in areas where regional scale mapping indicates lithologies similar to the Hemlo host rocks, is very exciting. We are currently evalua...

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