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Red Lake Gold Inc. Retains Precision GeoSurveys for a 941 Line-KM Geophysical Exploration Survey at the Fenelon North Gold Project
VANCOUVER, BC / ACCESSWIRE / December 14, 2020 / Red Lake Gold Inc. (CSE:RGLD) (FWB:P11) ("Red Lake Gold" or the "Corporation") is pleased to announce that the
About this update from Red Lake Gold Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / December 14, 2020 / Red Lake Gold Inc. (CSE:RGLD) (FWB:P11) (\"Red Lake Gold\" or the \"Corporation\") is pleased to announce that the Corporation and its wholly-owned subsidiary Fenelon Gold Inc. have contracted Precision GeoSurveys Inc. to perform a high-resolution aeromagnetic exploration survey at the Fenelon North Gold Project in Quebec. The Fenelon North Gold Project is situated immediately adjacent to the Fenelon Gold Project being advanced by Wallbridge Mining Company Limited. \"As we work towards our 2021 exploration plans within the Red Lake gold camp, we are excited to announce our upcoming inaugural exploration at our Fenelon North Gold Project which is situated in one of Quebec's most promising gold districts. Our project covers a significant portion of the Jeremie Pluton and our exploration survey there is designed to assist us in exploring for potential gold-bearing areas within our large-scale project,\" stated Ryan Kalt, Chief Executive Officer of Red Lake Gold. The program budget for the winter 2020 geophysical exploration program is expected to meet or exceed qualifying expenditures required to constitute the Fenelon North Gold Project as a \"qualifying project\" as that term is more generally referred to in the policies of the CSE Exchange. Winter 2020 Geophysical Survey (Fenelon North Gold Project) The winter 2020 geophysical survey is designed to cover 914 line-kilometers on a 50m spacing basis and is scheduled to commence this month. The heli-borne airborne survey will be flown in a systematic low-level grid pattern and will cover priority areas of the Fenelon North Gold Project located within the western portion of the project. The winter 2020 geophysical survey will extend coverage over 42.6 km2 with particular emphasis on exploration of tenure holdings overlaying the Jeremie Pluton. Figure One: Fenelon North Gold Project - Western Project Area Figure Two: Planned Winter 2020 Geophysical Survey Area The mag survey will utilize four Scintrex CS-3 cesium vapor magnetometer sensors; in a custom-designed non-magnetic and non-conductive survey bird for triaxial gradient and total magnetic intensity measurements. Compared to conventional single-sensor survey systems, this design allows for direct measurement of the magnetic gradient in the X, Y and Z axes with four magnetic sensor...