Business
CMC Metals Ltd. Plans to Initiate Geophysical Studies to Help Define Potential Drill Targets at Its Silverknife and Amy Properties and Announces Discussions Progressing on Its Silverknife Property
VANCOUVER, BC / ACCESSWIRE / June 4, 2024 / CMC Metals Ltd. (TSXV:CMB)(FRA:ZM5P)(OTCQB:CMCXF) (...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Metals Ltd. Plans to Initiate Geophysical Studies to Help Define Potential Drill Targets at Its Silverknife and Amy Properties and Announces Discussions Progressing on Its Silverknife PropertyVANCOUVER, BC / ACCESSWIRE / June 4, 2024 / CMC Metals Ltd. (TSXV:CMB)(FRA:ZM5P)(OTCQB:CMCXF) (\"CMC\" or the \"Company\") is pleased to announce that the Company hopes to soon initiate geophysical studies (i.e. CSAMT and/or Induced Polarization) in areas on its Silverknife and Amy properties where airborne geophysics have identified significant high conductivity targets.The current outcome of an airborne electromagnetic survey completed by SkyTEM in 2021 (see press releases April 20, 2021, May 11, 2022 and April 16, 2024), was the identification of several large areas with conductivity anomalies on the Silverknife and Amy properties in British Columbia, Canada (see Figures 1-3). The potential targets at Silverknife and Amy are high grade silver-lead-zinc carbonate replacement and skarn deposits.The proposed studies would provide a measure of resistivity. Simply put, material with low resistivity allows electrons to move through it easily and it therefore tends to also be highly conductive. Silver is a very highly conductive elements that makes it suitable for a large number of industrial applications. Therefore, a target from a resistivity survey containing silver would be one characterized by low resistivity.Resistivity studies may help to define specific contacts between units such as limestones and granites, with the target host being a limestone. Limestones, especially cracked or faulted ones, also typically have low resistivity values, while intrusions like granites will have a much higher resistivity. Resistivity studies can present a lot of information and help to define specific targets, contact relationships, and possible fault structures which are key known controls for mineralization in the Rancheria Silver DistrictPrevious SkyTEM surveys have identified large conductivity anomalies in areas such as Tootsee North and the South-central Zones of the Silverknife Property. In the Tootsee North Zone the conductivity anomaly is coincident with a gravity anomaly (see press release dated August 10, 2022) and preliminary mapping has indicated the presence of limestones in outcrops all of which are positive features for exploration. H...