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Aura Announces Details of May 2019 Drilling Program at Its Greyhound Property, Nunavut / Extends Private Placement Closing Date
Ottawa, Ontario--(Newsfile Corp. - April 30, 2019) - Aura Resources Inc. (TSXV: AUU) ("Aura" o...
About this update from West Point Gold Corp.
[{"type":"text","content":"Aura Announces Details of May 2019 Drilling Program at Its Greyhound Property, Nunavut / Extends Private Placement Closing DateOttawa, Ontario--(Newsfile Corp. - April 30, 2019) - Aura Resources Inc. (TSXV: AUU) (\"Aura\" or the \"Company\") announces plans to drill a newly discovered base and precious metal target on the Greyhound project, a partnership with Agnico Eagle Mines Limited, the project operator. Initial drill targets have been defined on a previously untested area in the central part of the property (see Figure 1). The proposed drill holes will target conductive zones identified by the induced polarization (\"IP\") geophysical survey conducted in 2018 and are further supported by a review of data from a horizontal loop geophysical survey conducted by Aura in 2011 located just to the north. Drilling is planned to start in early May.Figure 1: Central Greyhound project area illustrating the newly acquired IP anomalies (contour map), and the location of the EM conductor (2011 Survey). Proposed holes (GHD19-B and C) are subject to final positioning. Hole G-11-31 contains anomalous Zn and Cu (see text below). Lakes are shown in blue.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5717/44401_1cf12d8be45ed8e6_002full.jpgData from Drill Hole G-11-31, drilled by Aura in 2011, revealed anomalous metal values for zinc (96-683 ppm, avg. 364 ppm) and copper (84-555 ppm, avg. 286 ppm). This hole appears to have been drilled in the conductor's footwall and slightly to the northeast of this potential VMS horizon identified in the 2018 IP survey (see Figure 1). These prior drill results indicate that anomalous base metal is present, adding to the importance of drilling the stronger IP anomalies to the southwest. The distinct electromagnetic (\"EM\") anomalies detected in the 2011 survey beneath the small lake to the north are also indicative of significant northward lateral continuation of the possible precious and base metal zone.Robert Johansing, CEO of Aura, stated: \"The new IP geophysical data, in conjunction with the historical EM data, have defined a package of stacked conductors extending over 1.5 kilometres in strike length. When viewed in context with the Na and Eu depletion in the likely footwall rocks along with the high-grade glacial boulders west of the conductor (see PR#19-02...