Lode Gold Resources (TSXV:LOD) has initiated a Heliborne HeliTEM survey over the Riley Brook and McIntyre Brook properties located in New Brunswick. This survey is part of the recently formed Acadian Gold Joint Venture with Fancamp Exploration Ltd.
The survey will encompass a 419-square-kilometre land package of mineral claims that include gold mineralized zones spanning several kilometers. This area is in alignment with Puma Exploration’s Williams Brook property, which is known for its significant gold deposits.
The Heliborne HeliTEM survey uses advanced electromagnetic technology to provide detailed subsurface imaging, aiding in the identification of potential gold deposits. This innovative approach enhances the efficiency and accuracy of exploration, increasing the likelihood of significant discoveries.
Through a recent news release, the company highlighted that the survey will expedite target generation, reducing exploration timelines and facilitating a more efficient progression towards the drilling phase.
Fancamp, serving as the operator for Acadian Gold, has identified several areas of interest based on compiled geochemical, geophysical, and geological data from previous operators.
Lode Gold and Fancamp anticipate positive results from this survey, strengthening their presence in the gold exploration sector. The collaboration between these companies aims to leverage their combined expertise and resources to maximize the potential of the Acadian Gold Joint Venture.
Lode Gold Resources Inc. is a Canadian exploration and development company with various exploration properties in promising mining jurisdictions.
The stock of Lode Gold (TSXV:LOD) last traded at $0.02 per share.
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