Business
Cortus Defines Gold Trend at Its Powerline Project in Nevada Along Strike from the Spring Valley Deposit
Edmonton, Alberta--(Newsfile Corp. - August 13, 2021) - Cortus Metals Inc. (TSXV: CRTS)&#...
About this update from Metalero Mining Corp
[{"type":"text","content":"Cortus Defines Gold Trend at Its Powerline Project in Nevada Along Strike from the Spring Valley DepositEdmonton, Alberta--(Newsfile Corp. - August 13, 2021) - Cortus Metals Inc. (TSXV: CRTS) (the \"Company\", or \"Cortus\") is pleased to announce the completion of a 128 line-kilometer high-resolution ground magnetic survey over the entirety of its Powerline Project. The project consists of 219 recorded unpatented federal lode mining claims (>1,800 hectares) located 8 kilometers northeast of the Spring Valley gold deposit along a southwest extension of the Getchell Trend, a major northeast structural trend of deposits containing 19.4 Moz Au produced and 42.5 Moz Au endowment.3Figure 1. Results of 2021 high-resolution ground magnetic survey at the Powerline Project superimposed on the regional USGS magnetic survey map.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6646/93052_3028ff33d425a8c0_001full.jpgCortus CEO Sean Mager commented \"The data indicate linear magnetic lows coincident with mapped northeast-trending faults that intersect with northwest-trending epithermal vein trends projected from the range. These structures project below the pediment and onto the Powerline claims. The major north-northeast fault is a direct extension of a regional fault controlling mineralization at Spring Valley, Coeur Rochester and Relief Canyon (see Figure 1), which host more than 6Moz Au combined.1,2,4 The relationship between magnetic lows and regional structural trends demonstrates the link between the Spring Valley deposit and Coeur Rochester Mine. Magnetic and geobotanical data indicate that the structures and mineralization extend beneath the pediment, supporting the definition of drill targets at Powerline.\"Project Highlights Highly analogous to the Waterton Spring Valley Deposit (4.12 million ounces of gold1), sharing a similar structural trend and lithologies, including Triassic rhyolites, siliciclastics, and carbonates in the Humboldt range.Well-defined correlations between mapped structures, geobotanical anomalies, and magnetic anomalies.Silver and antimony mines on the range formed in a northwest-trending corridor which projects onto the pediment to intersect the main north-northeast fault through the major deposits. These elements are common pathfinders to gold minera...