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Ophir Gold Corp. Announces Results of Ground Magnetic Survey at the Breccia Gold Property, Idaho, USA
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2021) -  Ophir Gold Corp. (TS...
About this update from Ophir Metals Corp
[{"type":"text","content":"Ophir Gold Corp. Announces Results of Ground Magnetic Survey at the Breccia Gold Property, Idaho, USAVancouver, British Columbia--(Newsfile Corp. - January 12, 2021) -  Ophir Gold Corp. (TSXV: OPHR) (FSE: 80M) (\"Ophir\" or the \"Company\") is pleased to announce the results of a ground magnetic survey completed as part of the fall 2020 exploration program at its Breccia Gold property (the \"Breccia Gold Property\" or the \"Property\"). The Property is located in Lemhi County, Idaho, USA approximately 40 km southwest of Salmon, and is accessible via paved highway and a network of well-maintained gravel roads. \"The magnetic results, as interpreted by Ophir's exploration team are highly encouraging\" comments Shawn Westcott, CEO of Ophir. \"We have the potential for increasing the known 1500-meter strike length of the Meadows Lake Fault Zone, which hosts the well-mineralized Breccia Gold Zone, as well as the potential signature of a large intrusive body that may be the source of the breccia-epithermal system.\"In addition to the prospecting and rock sampling completed this fall (News Release November 18th, 2020), a ground magnetic survey was completed across the Property. A total of ~ 57 line-kilometres of survey data, on 100-m spaced lines, was collected using a Gem Systems GSM-19 Magnetometer in walking mode. The survey data was collected and processed by Dahrouge Geological Consulting Ltd. The primary objective of the program was to highlight the Meadows Fault Zone/Trend, which is host to the high-grade Breccia Gold Zone (BGZ) and the focus of historical exploration and production circa 1930/40 (Gahsmith Mine). The trend is overlain and obscured to the south by alluvium and to the north by the flat lying Challis Volcanics. The Company is pleased to report that the ground magnetic survey was highly successful defining a magnetic low/contact corridor, which correlates well with the mapped Meadows Fault Zone (Figure 1). Further, the trend clearly continues to the south, past the Breccia Zone, where it is obscured by the alluvium-overburden, as well as continues north towards the Lee Prospect. This is significant as it demonstrates the Meadows Fault Zone, and its potential for gold-silver mineralization, extends across the entirety of the Property. Specifically, to the south of the Breccia Zone, the trend has been subject to ...