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Pistol Bay Submits Application for Permits for Joy Property in Red Lake, Ontario
(via TheNewswire) Vancouver, B.C. - TheNewswire - July 22, 2020 - Pisto...
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[{"type":"text","content":"Pistol Bay Submits Application for Permits for Joy Property in Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, B.C. - TheNewswire - July 22, 2020 - Pistol Bay Mining Inc. (TSXV:PST); (Frankfurt-OQS2), (OTC:SLTFF) (\"Pistol Bay\" or the \"Company\") is very pleased to report that it has submitted an application for permits for the Joy property in Red Lake. Ontario. \n\n \n \nThe Company has submitted an application for Early Exploration Permit/Plan on its 3155hectare (7800-acre) Joy group of claims in the Confederation Lake greenstone belt east of Red Lake, Ontario. The property is 22 kilometres east of the Dixie property of Great Bear Resources Ltd. Before a permit is received, preliminary field work will commence, including prospecting and geological mapping, where outcrop is sufficient, and geochemical soil sampling in overburden-covered areas. Exploration will focus on the potential for volcanogenic massive sulphide (VMS) as well as \"gold-only\" mineralization.\n\n\n \nThe Joy property covers 9-kilometre lengths of two separate bands of felsic volcanic rocks, which are possibly the stratigraphic equivalents of the felsic host rocks to the Great Bear Resources LP gold zone. Mapping by the Geological Survey of Canada has concluded that the felsic volcanics of the Confederation Lake belt comprise a single horizon that has been repeated by folding.\n\n\n \nHistorical exploration activity on the Joy property, and indeed throughout the Confederation Lake belt, has concentrated on base metal massive sulphide mineralization, and paid little or no attention to gold exploration.\n\n\n \nThe Joy property has four known zones of VMS-type polymetallic mineralization:\n\n\n \nThe Joy Zone is a copper-dominated zone of massive sulphides. It was tested by 8 historical drill holes. Results included 4.01% Cu over a 3.35 metre core length and 3.21% Cu over a 4.91 metre core length (true widths are approximately 2.3 metres and 3.4 metres).\n\n\n \nThe Diamond Willow Zone is a copper-zinc massive sulphide zone. It was cut by six historical drill holes, with results including 2.26% Cu and 1.81% Zn over a 4.20 metre core length and 1.24% Cu and 0.98% Zn over a 5.35 metre core length (true widths are approximately 2.8 and 3.4 metres).\n\n\n \nThe Caravelle Zone was tested over a 100-metre length in the 1960s, with the best results being 0.22% ...