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SRQ Resources Receives ATI-7 Authorization for Drilling at Lac Brennan
MONTREAL, April 03, 2025 (GLOBE NEWSWIRE) -- SRQ Resources Inc. (“SRQ” or the “Company”) (TSX-V: SRQ) is pleased to announce that it has received its “Autorisat
About this update from Srq Resources Inc.
[{"type":"text","content":" MONTREAL, April 03, 2025 (GLOBE NEWSWIRE) -- SRQ Resources Inc. (“SRQ” or the “Company”) (TSX-V: SRQ) is pleased to announce that it has received its “Autorisation d’Exploration à Impact” (“ATI-7”), granting exploration rights across all 42 claims covering 24.8 km² at the Lac Brennan project in Quebec. In April 2024, SRQ commissioned Xcalibur Multiphysics (“MPH”) to conduct a 977 km-line airborne gravimetry survey at its Lac Brulé and Lac Brennan projects. The survey identified prime gravity targets at both locations, interpreted as potential ultramafic rock assemblages with the capacity to host base metals such as copper and nickel. At Lac Brennan, the airborne gravimetry survey delineated a large gravity anomaly at the center of the property (Figures 1 & 2), reinforcing its exploration potential. Key Highlights: The Lac Brennan property is situated 50 kilometers (“km”) southeast of SRQ’s flagship Lac Brulé project and 20 km southwest of the historic Lac Renzy nickel-copper mine. The primary target at Lac Brennan is a substantial gravitational anomaly measuring 4 km by 3 km, starting approximately 400 meters (“m”) below the surface. The Company received its ATI-7 authorization on February 13, 2025, covering the entire 42-claim property. \"Securing the ATI-7 marks a key milestone for SRQ at Lac Brennan, enabling us to advance exploration in this highly prospective region.\" said Dr. Marc-Antoine Audet, Ph.D., P.Geo., CEO and President of SRQ. \"Our airborne gravimetry survey has identified a significant gravity anomaly, further validating the strong potential for base metal mineralization. We are eager to move into the next phase of exploration and unlock the full value of this asset. As part of this effort, we are evaluating the Lac Brennan target for an initial borehole in Q3 or Q4 of 2025 while also assessing additional anomalies that could represent new prospective zones.\" Dr. Marc-Antoine Audet, P.Geo., CEO and President of SRQ, continued “The gravity anomaly at Lac Brennan closely resembles the gravity response defining the substantial “Target 900” at the Lac Brulé project, as illustrated in cross-sections from both properties (Figures 2-5).” SRQ’s Exploration program Q2 & Q3-2025 The use of proceeds from the successfully oversubscribed private placement closed on March 24, 2025, will include an Ambient Noise Tom...