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CMC Metals Announces Completion of Ground Magnetometer Survey on Its Rodney Pond Property, Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / February 14, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCX...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"\nCMC Metals Announces Completion of Ground Magnetometer Survey on Its Rodney Pond Property, Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / February 14, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) (\"CMC\" or the \"Company\") is pleased to announce that it has completed a 72-line kilometer ground magnetometer survey of its Rodney Pond Property, Central Newfoundland.The field survey was completed by McKeown Exploration Services (MES) of St. John's, Newfoundland and the data was analyzed by Intelligent Exploration of Campbellford, Ontario.The survey identified three distinct magnetic zones on the property. Higher magnetic intensity anomalies could indicate felsic or mafic intrusives of considerable lateral extent that have been disrupted by cross-cutting north and northeast-trending faults. Two major faults have been identified (i) an east-west fault coincident with the magnetic low across the central part of the property; and (ii) a fault that extends north-northeast from the southern property boundary to the northeastern limit of the property. The Cu-Ag-Au mineralized showings appear to be associated with intersections of these structures (see Figures 1 and 2).Prospecting efforts have identified a 2 meter-wide quartz vein containing massive copper mineralization (i.e., chalcopyrite and bornite) which returned assay values of up to 7.1% copper, 27.2 g/t silver and 223 ppb gold (see January 10, 2022 Press Release). The showings in this area are noted to be near both the northeast and west-northwest trending faults. The direction of these faults also coincides with the foliation direction of granites mapped in the southeastern corner of the property by the Newfoundland Geological Survey (O'Neill and Colman-Sadd, 1983).Intelligent Exploration have recommended that mapping and prospecting should be expanded to cover the entire Rodney Pond property with emphasis along the highly prospective structural corridors. Physical property measurements are recommended to determine what additional geophysical surveys could be effective in outlining mineralization targets. Both Induced polarization and electromagnetic surveys may be good candidates for this type of target.Figure1: Total Magnetic Intensity (\"TMI\") map shows the location of magnetic highs zones and a narrow east-west trending magnetic low through the central...