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Power Ore Acquires Scott Property Adjacent to Opemiska, Increases Chibougamau Land Position by 30%
Power Ore Acquires Scott Property Adjacent to Opemiska, Increases Chibougamau Land Positio...
About this update from Xxix Metal Corp.
[{"type":"text","content":"\n\n\n\nPower Ore Acquires Scott Property Adjacent to Opemiska, Increases Chibougamau Land Position by 30%\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 23, 2020\n\n\n\nTORONTO, July 23, 2020 /CNW/ - PowerOre Inc. (\"Power Ore\" or the \"Company\") (TSX.V: PORE) is pleased to announce that it has acquired 100% royalty free interest in the Scott property, a 2,930 hectare land package adjacent to Power Ore's Opemiska and Yorbeau Resources' Scott Lake project. This acquisition increases the Opemiska Copper Complex property area to nearly 13,000 hectares and further establishes Power Ore as a dominant land holder in the Chibougamau district. \nMap of Power Ore's Scott Property Acquisition\nPower Ore's Updated Opemiska Presentation \nGeology and Exploration Potential of Scott PropertyThe Scott property is contiguous with the southwestern boundary of Yorbeau Resources' Scott Lake project. Prospecting in 2018/2019 by the vendor uncovered three high-grade copper showings with grades ranging between 1.0% and 2.7% Cu and two gold showings including 6.0 gpt gold and 1.8 gpt gold in selected grab samples. The showings are oriented along a North 20 degrees – North 45 degrees structural trend for a copper-gold lode mineralization, comparable with mineralization throughout the Chibougamau camp. \nGeological similarities exist with the contiguous Scott Lake deposit including a rusted island composed of pyritized and silicified rhyolite which has not been drill tested. The discovery of the Selco-Scott VMS lens (part of Scott Lake) was in the same rock type.  Exploration on the Scott property will focus on the North 20 degrees – North 45 degrees structural trend, including further prospecting and a detailed drone magnetic geophysical survey. \n\"We are pleased to have acquired this strategic grounds to increase our land position in this copper-gold district. The prospectivity of this land package furthers our strategy of accumulating prospective ground to our base of operations at Opemiska. As the copp...