Corporate Update on PL Mine Exploration Strategy and Pre-Development Activities

About this update from Minnova Corp.

[{"type":"text","content":"Corporate Update on PL Mine Exploration Strategy and Pre-Development ActivitiesToronto, Ontario--(Newsfile Corp. - November 2, 2020) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (\"Minnova\" or the \"Company\"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and re-start of our 100% owned PL Gold Mine in central Manitoba is pleased to provide a corporate update on exploration and development strategy and corporate debt settlements originally announced July 9, 2020.Exploration Results and StrategyFollowing the conclusion of our PL Mine summer 2020 drill program where step out drilling confirmed the project's on-lease exploration potential with discovery of; a) new high grade mineralized structures outside of the limits of the current PL resource and reserve estimate, b) new high grade near surface mineralization and c) new Footwall Tonalite mineralized structures, we re-tasked our geological team to a property wide mapping, prospecting and sampling program.In summary the summer field program was the most extensive off lease exploration effort in over 35 years and significantly advanced our understanding of both structure and geology on the property. The mapped area covered over 4 square kilometers contiguous to the permitted mining lease extending mapping coverage a further 2km west and north west of the mining lease. The program confirmed the presence of several new structures in the footwall tonalite both in the immediate footwall to the current PL resource and reserve estimate (on lease) and along strike to the north west of the historical PL deposit and PL North structural trends (approximately N30°W). These new structures will be targeted for follow-up geophysics and drilling.In addition, mapping has extended strike length of the footwall Tonalite intrusive body by over 1 kilometer (roughly a 30% increase in previous strike length) to the north and northwest. Importantly the northern contact of the footwall Tonalite appears to coincide with a northeast trending VTEM conductor. This contact is also associated with the J Showing originally identified in the summer of 2017 prospecting program (see August 14, 2017 Press Release) but no follow-up was completed at that time. The work completed this summer confirmed footwall tonalite is associated with this showing and the V...

More updates from Minnova Corp.