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MLK Gold announces commencement of airborne geophysical survey on flagship Caledonia Brook gold property
Geotech Ltd. using industry leading Versatile Time-Domain Electromagnetic (VTEM™ Plus) geophysical system to survey property WINDSOR, NS, March 1, 2022 /CNW/ -
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[{"type":"text","content":" Geotech Ltd. using industry leading Versatile Time-Domain Electromagnetic (VTEM™ Plus) geophysical system to survey property WINDSOR, NS, March 1, 2022 /CNW/ - MLK Gold Ltd. (CSE: MLK) (or the \"Company\"), a growth-oriented gold exploration company headquartered in Windsor, Nova Scotia, is pleased to announce the commencement of the Versatile Time-Domain Electromagnetic (VTEM™ Plus) geophysical survey on the Company's flagship Caledonia Brook gold property located in the south-west region of Grand Falls – Windsor, Newfoundland. The Caledonia Brook property is situated west of New Found Gold Corporation's high-grade gold discovery and shares geological similarities to Marathon Gold's (4 million ounces) Valentine and Victoria Lake – Grand Falls Shear Zone System. On February 1, 2022, the Company announced it had entered into an agreement with Aurora, Ontario-based, Geotech Ltd., to conduct the highly specialized airborne geophysical survey. Geotech is currently in the field covering 944 line-kms across the Caledonia Brook gold property which consists of 284 claims covering 7,100 hectares. Their industry leading VTEM™ Plus technology has a radar altimeter accuracy of approximately 1 meter and unparalleled depth of penetration and high-resolution imaging which allows for better characterization of mineral and rock density. The Company expects to receive preliminary results from the highly interpretive geophysical survey in early March. The data will be further analyzed by both Geotech and the Company's team of geologists. Once geo-mapping data is processed and completed, Company President & CEO, Paul Smith (P.Geo.), will issue a statement announcing the results. \"We entered the year with an aggressive agenda focused on operationalizing our 2022 Exploration Plan, so we are excited about what the survey results could mean for the company,\" said Smith, who also pointed out that recent surveys flown with VTEM™ Plus have produced superior results over the same test areas using electromagnetic (EM) surveys. MLK Gold Executive Chairman, William (Bill) Fleming, says the Company's strategy is already exceeding expectations. \"Compared to where we were last year to where we are today, there is no question we are setting the company up for success,\" added Fleming. \"We are standing amongst giants here, we know th...