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CMC Metals Ltd. Announces Commencement of Geophysical Program at its Bridal Veil Property, Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / March 28, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCXF:O...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Metals Ltd. Announces Commencement of Geophysical Program at its Bridal Veil Property, Central NewfoundlandVANCOUVER, BC / ACCESSWIRE / March 28, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) (\"CMC\" or the \"Company\") Vancouver, BC.: CMC Metals Ltd. - (the \"Company\") (TSX-V:CMB) is pleased to announce the commencement of the geophysical program at the Company's Bridal Veil Project in Central Newfoundland, Canada.The geophysical crew have started the Induced Polarization (IP) Survey that will test the northern contact of an intrusive body inferred from the Company's 2022 magnetic survey and northeast trending fault structures extrapolated from a structural interpretation of an airborne magnetic survey flown on the adjacent Gander North Property, owned by Sassy Resources Inc. The survey plan will also cover prospective structures where gold-in-soil geochemical sampling has indicated anomalous results in the area on both the Bridal Veil and Gander North properties.MES Geophysics of St. John's, NL has been contracted to cut grid lines and carry out the survey of 11-line kilometers in two blocks along the contact. A pole-dipole (N=8, A=25m) survey will be employed to combine high resolution and 3D mapping of resistivity to a depth of about 100 meters. These surveys will provide chargeability and resistivity data. Chargeability anomalies indicate sulphide mineralization and resistivity can highlight silicification. Combined, these measurements will form the best geophysical assessment of mineralization potential along the contact. The survey layout is shown in Figure 1 and shows where the lines are located in relation to magnetic first vertical derivative results that indicate the north-east trending margin of strongly silicified volcanic rocks and the intrusive Gander Granite to the southeast.Upon completion of the IP survey, a detailed review of all work activities to date will be conducted to determine the merits of further exploration efforts on this property. Results to date have indicated a northeasterly trend of gold-in-soil anomalies parallel and in close proximity to the contact between the silicified volcanics and the Gander Granite. The property has limited rock exposures but there are a series of brecciated and siliceous-rich altered sequences also parallel to the contact zone that trend northeas...