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Red Lake Gold Inc. Outlines Airborne Survey Results; Details Interpretation of LP Fault Structure Across Survey Area
VANCOUVER, BC / ACCESSWIRE / December 31, 2019 / Red Lake Gold Inc. (CSE:RGLD)(FWB:P11) ("Red Lake Gold" or the "Corporation") is pleased to provide the results
About this update from Red Lake Gold Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / December 31, 2019 / Red Lake Gold Inc. (CSE:RGLD)(FWB:P11) (\"Red Lake Gold\" or the \"Corporation\") is pleased to provide the results of its inaugural airborne survey at its Whirlwind Jack Gold Project situated near Red Lake, Ontario. \"We are pleased with the high-quality sub-surface imaging that resulted from our 2,045 line-km magnetic survey which was completed during the fourth quarter. The results provide demonstration of the continuity of the LP Fault structure extending on to Red Lake Gold's Whirlwind Jack Gold Project. The magnetic survey has also been successful in defining an exploration corridor within which Red Lake Gold can focus exploration efforts during the upcoming year. In addition, much of the project remains available for inaugural airborne surveys thereby providing us further exploration opportunities as we work to explore this district-scale project,\" stated Ryan Kalt, CEO of Red Lake Gold. Fall 2019 Airborne Survey The completed airborne survey was flown in a systematic low-level grid pattern and was focused on approximately one-third of the district-scale 211.8 km2 project commencing on an east to-west basis starting at the Corporation's contiguous claim boundary with Great Bear Resources Ltd.'s Dixie Gold Project. The survey covered 2,045 line-km on a 50m spacing basis (see news release, Red Lake Gold Inc. Commences 2,045 Line KM High-Resolution Aeromagnetic Survey at Whirlwind Jack Gold Project dated November 8, 2019). The survey results from the airborne exploration conducted by Red Lake Gold have provided clarity and detail that supplements previously available but widely-spaced government data. To assist with the development of the Whirlwind Jack Gold Project, the Company has internally segmented the project into three sub-components, covering approximately one-third of the project each, being Whirlwind Jack - West, Whirlwind Jack - Central and Whirlwind Jack - East. The 2,045 line-km data released today (which was the area flown in the aforementioned survey) covers only the portion underlying Whirlwind Jack - East. Both Whirlwind Jack - West and Whirlwind Jack - Central remain untapped as future opportunity sets for airborne-based exploration. Survey Highlights Highlights of the airborne survey completed by Red Lake Gold at Whirlwind Jack - East include: • LP Fault S...