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CMC Announces the Identification of a Significant Area of Exploration Interest at Its Rodney Pond Property, Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(OTC ...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Announces the Identification of a Significant Area of Exploration Interest at Its Rodney Pond Property, Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / June 13, 2022 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(OTC PINK:CMCXF) (\"CMC\" or the \"Company\") is pleased to announce that preliminary exploration efforts at its Rodney Pond, Central Newfoundland have identified a large area of exploration interest and as a result it is deemed a property of merit. The nature of mineralization and alteration on the property is considered to be indicative of a porphyritic style setting.The mineralization in Rodney Pond comprises of several parallel quartz veins (see Plates 1 and 2) 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.Plate 1: Mineralized Sample - Rodney PondGreyish quartz vein with mineralization comprising of fine sulphides (chalcopyrite, bornite, pyrite and molybdenite).Plate 2: Prospector Larry Rogers at the Mineralized ShowingPreliminary mapping and prospecting of the northwestern portion of the property has identified that the mineralizing system is possibly porphyritic in nature (see Plate 3). Plate 3: Brigido Campillo, Chief Geologist of CMC Metals Ltd, examining mineralized outcrop at Rodney PondStructural controls indicate northeast oriented structures which are thought to provide opportunity for the emplacement of an intrusive body and related mineralization. A recent ground magnetic survey completed over the entire property by the Company further infers that the mineralization could be associated with a possible fault system and/or associated with an intrusive. The Rodney Pond Prospect is located on a high and low magnetic contrast envelope that is comparable to the setting of the highly prospective \"GRUB line\" (see Map 1).Map 1: Preliminary Magnetic Map of Rodney Pond Area (Source: McKeown Exploration Services, 2022)Previous prospecting efforts at Rodney Pond within the defined area of exploration interest have provided assays of up to 322 ppb gold, 27.2 g/t silver, 7% cop...