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Lithoquest Announces Completion of LiDAR Survey at its Three Gold Projects in NW Ontario
VANCOUVER, BC / ACCESSWIRE / August 10, 2021 / Lithoquest Resources Inc. (TSXV:LDI) ("Lith...
About this update from Storm Exploration Inc
[{"type":"text","content":"Lithoquest Announces Completion of LiDAR Survey at its Three Gold Projects in NW OntarioVANCOUVER, BC / ACCESSWIRE / August 10, 2021 / Lithoquest Resources Inc. (TSXV:LDI) (\"Lithoquest\" or the \"Company\") is pleased to announce that it has completed a Laser Imaging, Detection and Ranging (\"LIDAR\") survey over its three gold projects located in NW Ontario: Attwood, Keezhik and Miminiska (see www.lithoquest.com/projects for project locations and technical information).\"The goal of this year's exploration work is to vector in on the most prospective areas for drilling in Q1, 2022,\" stated Bruce Counts, President and CEO of Lithoquest. \"LIDAR is a valuable tool for helping to identify the most promising target areas on the properties as well as increasing the efficacy and productivity of the follow-up field program.\"Data from the LIDAR survey will be used in conjunction with additional exploration information to identify high-priority targets for follow-up. The survey uses radar to penetrate vegetation and accurately measure the earth's surface. Results will be used to accomplish the following:Identify geological outcrops in areas of extensive coverDetect alteration and mineralization patternsAssist with the design of soil geochemistry surveysIdentify structures of interest such as shears, faults, fractures, and foldsProduce a high-resolution digital elevation modelIn addition to the LIDAR survey, the 2021 program will include the following activities:Compilation and review of historical dataReview of existing drill core to gain a better understand the geology and known zones of mineralizationDetailed airborne magnetic surveys to aid in identifying new high-priority target areasA field program consisting of prospecting and geochemistry surveys over areas of interest identified from the airborne survey data and the historical databaseThe results of the 2021 desktop and field work will be used to develop priority targets for the Company's inaugural drill program, commencing in Q1 of 2022.The Company also announces that it has granted stock options in accordance with the terms and conditions of its rolling Stock Option Plan, entitling the purchase of an aggregate of 100,000 common shares by a consultant to the Company. Each stock option will be exercisable at $0.15 per common share until July 28, 2026.Qualified PersonThe techn...