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CMC Announces Commencement of an Additional Ground Magnetometer Survey Efforts at Its Rodney Pond Property, Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / October 27, 2022 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OT...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Announces Commencement of an Additional Ground Magnetometer Survey Efforts at Its Rodney Pond Property, Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / October 27, 2022 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) (\"CMC\" or the \"Company\") is pleased to announce that an additional ground magnetometer survey will be completed on the northern half of its Rodney Pond Property, Central Newfoundland (see Map 1).Preliminary exploration efforts at Rodney Pond have identified a large area of exploration interest with the nature of mineralization and alteration on the property suggestive of porphyritic style setting. The mineralization in Rodney Pond comprises of several parallel quartz veins emplaced in a compact gneiss that strike in a northwesterly direction and occurs within an alteration area with dimensions of 2.5 kilometers by 1.2 kilometers in size that remains open in all directions. Rodney Pond is located within the Gander Zone in Central Newfoundland, an area of which is subject to several major exploration programs including Newfound Gold's Queensway Gold Project.Preliminary prospecting completed this summer identified three new copper showings in the northern part of the property that was not covered by the previous ground magnetometer survey (see Map 2). A 37.5-line kilometer ground magnetometer survey will be undertaken by McKeown Exploration Services, St. John's, Newfoundland.Kevin Brewer, P.Geo President and CEO noted \"Our aim is to evaluate whether the magnetic signature identifies any trends between the loci of the previously known copper showings and the recently identified copper showings in the northern portion of the property. In these challenging times we are working hard to find cost effective ways to advance our property portfolio.\"The Company further intends to complete project permitting for the Rodney Pond Property to undertake further exploration which may include trenching, geochemical sampling and additional geophysics for the 2023 season and beyond.Map 1Map 2Map 3Qualified PersonQualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standa...