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Exploration Commences on Mt Turner Gold Project Optegra Capital Return Approved
Exploration Commences on Mt Turner Gold Project Optegra Capital Return Approved ...
About this update from Optegra Ventures Inc.
[{"type":"text","content":"\n \n \n \n Exploration Commences on Mt Turner Gold Project Optegra Capital Return Approved\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 16, 2021\n \n /CNW/ - Essex Minerals Inc. (the \"Company\" or \"Essex\"), (TSXV: ESX) is pleased to provide an update on its Australian gold exploration earn-in joint venture with KNX Resources Ltd (\"KNX\") and the Company's plans to spin out a new streaming and royalty company with a focus on income from renewable energy and battery materials.\n \n \n \n Highlights\n \n \n \n \n Crews have been mobilized in preparation for drilling of the Mt Turner gold project in north\n \n Queensland, Australia\n \n .\n \n \n The extension to the Mt Turner tenement granted to the joint venture in late 2020, has now been permitted for drilling bringing together over 19 km of mineralized strike length in the eastern Drummer Fault.\n \n \n The eastern 14 km of the Drummer Fault is characterized by several open pits mined for gold by Union Mining NL to a depth of\n \n 20m\n \n in oxide material in the early 1990s.\n \n \n A drill rig has been secured for late July (on standby for earlier) to compete the initial six-hole 800 metre program to test the width and plunge of the down-dip extension of the gold and silver bearing shoots mined in the open pits.\n \n \n While access roads for the rig and drill pads are prepared, the field crew has secured an excavator and is undertaking trenching and channel sampling along structure from the open pits.\n \n \n In parallel, a soil sampling program over the nearby Mt Turner porphyry copper-molybdenum target will be undertaken to better define drill targets.\n \n \n The Company has received 100% acceptance from the shareholders of KNX for its offer to acquire all the issued and outstanding shares in KNX in exchange for five million shares in\n \n Essex\n \n , which will result in\n \n Essex\n \n owning 100% of the Mt Turner project and 83% of the\n \n Cumberland\n \n and Compass Creek gold projects.\n \n \n The Company is pursuing a ...