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New Energy Metals to Commence Vector Induced Polarization/Resistivity and Magneto-Telluric Surveys at Exploradora North Project
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2019) - New Energy Metals Corp. (TS...
About this update from New Energy Metals Corp.
[{"type":"text","content":"New Energy Metals to Commence Vector Induced Polarization/Resistivity and Magneto-Telluric Surveys at Exploradora North ProjectVancouver, British Columbia--(Newsfile Corp. - July 10, 2019) - New Energy Metals Corp. (TSXV: ENRG) (OTC PINK: NEMCF) (\"New Energy Metals\" or the \"Company\") announces that it has signed a contract (the \"Geophysics Contract\") with SouthernRock Geophysics SA (\"SRG\") to carry out Vector Induced Polarization/Resistivity (\"VIP\") and Magneto-Telluric (\"MT\") surveys, as well as a Ground Magnetics (\"GM\") survey, on an area covering approximately 140 km2 on the Company's Exploradora North Project within the West Fissure porphyry belt, north of CODELCO's El Salvador mine in Chile.The Geophysics Contract contemplates the acquisition of multiple-transmitter VIP and sparse tensor MT data at about 150 receiver sites on a 1km grid basis in order to cover an area of the Exploradora North Project approximately 140km2 shown as a red polygon in Figure 1.At the same time, the acquisition of GM data in semi continuous (walking) mode with the acquisition at 1Hz along survey lines separated by 200m is planned to be conducted, covering a survey area of approximately 140km2 at the Exploradora North Project.\"New Energy Metals hopes to define deep (500m+) sulfide targets on their Exploradora North Project, located along the West Fissure mineralized porphyry copper trend. This trend includes CODELCO's underground El Salvador Mine, which has production of 1.5% copper as both secondary and primary mineralization, 70 kilometers to south,\" commented Cesar Lopez, President and CEO and New Energy Metals. \"We expect the work to be completed by SouthernRock Geophysics SA on the Exploradora North Project within the next 45 days.\"These surveys, integrated with known surface geology and previous geological investigations, are expected to be used to assist the Company in the definition of drill targets. The VIP should provide chargeability and resistively data to approximately 600m depth and when integrated with MT data is anticipated to provide interpretable information to over 1500m depth. The results of these petrophysical surveys are expected to assist the Company in identifying potential sulfide-rich rock volumes (chargeable areas) and quartz rich stockwork areas (somewhat resistive areas). The GM survey data is expecte...