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Northstar Defines >1 KM Deep Allied Au-Cu Zone Magnetic Signature at Miller Gold Property
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Northstar Gold Corp. ( CSE: NS...
About this update from Northstar Gold Corp. Class A
[{"type":"text","content":"Northstar Defines >1 KM Deep Allied Au-Cu Zone Magnetic Signature at Miller Gold PropertyVancouver, British Columbia--(Newsfile Corp. - April 19, 2023) - Northstar Gold Corp. (CSE: NSG) (OTCBQ: NSGCF) (\"Northstar\" or the \"Company\") announces that a high resolution airborne magnetic survey completed over the Company's 100%-owned, flagship Miller Gold Property situated 18 km southeast of the town of Kirkland Lake, has identified a volumetrically large positive magnetic anomaly (SM-01) partially underplating the near-surface Allied Gold Zone and syenite stock (Figures 1 and 2). The SM-01 Anomaly displays a high magnetic susceptibility signature, possibly reflecting a deeper large, discrete mafic intrusion and source area for higher, recently discovered steeply dipping Au-Cu sulphide mineralization discovered in 2021 drill holes MG21-64 (4.71 g/t Au, 0.51% Cu over 6.4m - CG1 Zone) and MG21-65 (9.41 g/t Au, 1.03% Cu over 3.0m - CG2 Zone). Eleven additional anomalies consistent with possible syenite intrusions (Figure 3) have also been identified.\"The Miller UAV magnetic survey results are a potential game changer that indirectly supports the premise the Allied Gold Zone is the late-stage, shallow-dipping carapace of an earlier deep-seated, multi-phase gold-copper mafic intrusion-related system, similar in style to Agnico Eagle's advanced Upper Beaver Project situated 18 km north of the Miller Gold Property,\" states Northstar CEO and Director Brian P. Fowler, P.Geo. \"Alkalic gold-copper deposits such as Upper Beaver have demonstrable vertical copper-gold mineralization and grade continuity that may support both open pit and underground exploitation. Northstar is positioning to confirm this new Allied Gold Zone geological model and deeper gold-copper mineralization potential by diamond drilling this summer.\"The 13 square km, 296-line km airborne UAV high resolution magnetic survey was completed by Val d'or based Abitibi Geophysics utilizing a high resolution AeroVision® MAG-drone survey system with 30m to 35m terrain clearance between February 9th and 13th 2023. Abitibi performed an unconstrained 3D magnetic inversion of the residual magnetic field over the entire survey area to a projected depth of ~1500m, and over two focus areas including the Allied, Planet and Meilleur Syenites to a projected depth of ~900m. The p...