NewOrigin Receives Positive Results from Airborne Geophysical Survey at the Sky Lake Gold Project in Ontario
NewOrigin Gold Corp. (TSXV: NEWO) has received positive results from an airborne geophysical survey at its Sky Lake gold project in Ontario. The survey, conducted by Geotech , covered 809 line km and identified new priority electromagnetic (EM) targets and magnetic features potentially associated with gold-bearing iron formation.
Key findings include:
- Numerous EM anomalies detected within 6 km east of the Koval gold deposit
- EM responses varying from short-strike length to over 1 km in strike length
- Many anomalies associated with strong to medium strength magnetic trends
The Sky Lake property covers 90 km² and extends 27 km along a well-mineralized belt. It's located near the Pickle Lake Gold District, which hosts over 3.5 million ounces of gold. The geological environment at Sky Lake is interpreted to resemble the Bousquet-LaRonde Gold District in Quebec, which has produced over 25 million ounces of gold.
NewOrigin Gold Corp. (TSXV: NEWO) ha ricevuto risultati positivi da un'indagine geofisica aerea nel suo progetto aurifero Sky Lake in Ontario. L'indagine, condotta da Geotech, ha coperto 809 km di linee e ha identificato nuovi obiettivi elettromagnetici (EM) prioritari e caratteristiche magnetiche potenzialmente associate a formazioni di ferro contenenti oro.
I principali risultati includono:
- Numerosi anomali EM rilevati entro 6 km a est del deposito aurifero Koval
- Risposte EM che variano da lunghezze di breve estensione a oltre 1 km di lunghezza d'onda
- Molte anomali associate a tendenze magnetiche da forti a medie
Il sito di Sky Lake copre 90 km² e si estende per 27 km lungo una cintura ben mineralizzata. Si trova vicino al Distretto Aurifero di Pickle Lake, che ospita oltre 3,5 milioni di once d'oro. L'ambiente geologico di Sky Lake è interpretato come simile a quello del Distretto Aurifero Bousquet-LaRonde in Quebec, che ha prodotto oltre 25 milioni di once d'oro.
NewOrigin Gold Corp. (TSXV: NEWO) ha recibido resultados positivos de un estudio geofísico aéreo en su proyecto de oro Sky Lake en Ontario. El estudio, realizado por Geotech, cubrió 809 km de líneas e identificó nuevos objetivos electromagnéticos (EM) prioritarios y características magnéticas potencialmente asociadas con formaciones de hierro que contienen oro.
Los hallazgos clave incluyen:
- Numerosos anomalías EM detectadas a 6 km al este del depósito de oro Koval
- Respuestas EM que varían desde longitud de trazado corto hasta más de 1 km de longitud de trazado
- Muchas anomalías asociadas con tendencias magnéticas de fuerte a media intensidad
La propiedad de Sky Lake cubre 90 km² y se extiende 27 km a lo largo de una cinturón bien mineralizado. Se encuentra cerca del Distrito de Oro de Pickle Lake, que alberga más de 3,5 millones de onzas de oro. El entorno geológico en Sky Lake se interpreta como similar al del Distrito de Oro Bousquet-LaRonde en Quebec, que ha producido más de 25 millones de onzas de oro.
NewOrigin Gold Corp. (TSXV: NEWO)는 온타리오에 위치한 Sky Lake 금 프로젝트에서 공중 지구 물리학 조사에서 긍정적인 결과를 받았습니다. Geotech이 수행한 이 조사는 809km의 선로를 커버하며, 금이 포함된 철 형성과 관련이 있을 것으로 보이는 새로운 우선 전자기(EM) 목표 및 자기 특성을 식별했습니다.
주요 발견사항은 다음과 같습니다:
- Koval 금 매장지에서 동쪽으로 6km 이내에 수많은 EM 이상 현상이 감지됨
- 짧은 거리에서 1km 이상 길이까지 EM 반응이 다양함
- 다수의 이상 현상이 강한 자기 추세에서 중간 강도의 추세와 관련됨
Sky Lake 소유지는 90km²의 면적을 차지하며 철광이 잘 산출되는 벨트에 따라 27km 연장됩니다. Pickle Lake 금 지구 근처에 위치하며, 이 지역은 350만 온스 이상의 금을 포함하고 있습니다. Sky Lake의 지질 환경은 퀘벡의 Bousquet-LaRonde 금 지구를 닮은 것으로 해석되며, 이 지역에서는 2500만 온스 이상의 금이 생산되었습니다.
NewOrigin Gold Corp. (TSXV: NEWO) a reçu des résultats positifs d'une enquête géophysique aérienne sur son projet aurifère Sky Lake en Ontario. L'enquête, menée par Geotech, a couvert 809 km de lignes et a identifié de nouveaux objectifs électromagnétiques (EM) prioritaires ainsi que des caractéristiques magnétiques potentiellement associées à des formations de fer aurifères.
Les principales conclusions incluent:
- De nombreuses anomalies EM détectées dans un rayon de 6 km à l'est du dépôt d'or Koval
- Réponses EM variant de courtes longueurs de traçage à plus de 1 km de longueur de traçage
- De nombreuses anomalies associées à des tendances magnétiques de force forte à moyenne
La propriété de Sky Lake couvre 90 km² et s'étend sur 27 km le long d'une ceinture bien minéralisée. Elle est située près du District Aurifère de Pickle Lake, qui abrite plus de 3,5 millions d'onces d'or. L'environnement géologique de Sky Lake est interprété comme étant similaire à celui du District Aurifère de Bousquet-LaRonde au Québec, qui a produit plus de 25 millions d'onces d'or.
NewOrigin Gold Corp. (TSXV: NEWO) hat positive Ergebnisse aus einer Luftgeophysikalischen Untersuchung seines Sky Lake Goldprojektes in Ontario erhalten. Die Untersuchung, die von Geotech durchgeführt wurde, umfasste 809 Linienkilometer und identifizierte neue prioritäre elektromagnetische (EM) Ziele und magnetische Merkmale, die potenziell mit goldhaltigen Eisenerzformationen assoziiert sind.
Wesentliche Ergebnisse umfassen:
- Mehrere EM-Anomalien wurden innerhalb von 6 km östlich des Koval-Goldvorkommens entdeckt
- EM-Reaktionen reichen von kurzen bis über 1 km langen Strecken
- Viele Anomalien sind mit starken bis mittleren magnetischen Tendenzen verbunden
Das Sky Lake Grundstück umfasst 90 km² und erstreckt sich über 27 km entlang eines gut mineralisierten Gürtels. Es liegt in der Nähe des Pickle Lake Goldbezirks, der über 3,5 Millionen Unzen Gold beherbergt. Das geologische Umfeld von Sky Lake wird als ähnlich dem Bousquet-LaRonde Goldbezirk in Quebec interpretiert, der über 25 Millionen Unzen Gold produziert hat.
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Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - NewOrigin Gold Corp. (TSXV: NEWO) ("NewOrigin" or the "Company") has received results and final reporting for the airborne geophysical survey completed at the Company's Sky Lake project located 25 kilometres ("km") southwest of the Pickle Lake Gold District in northwestern Ontario. The survey has identified new, priority electromagnetic ("EM") targets and traced magnetic features that may be associated with gold-bearing iron formation elsewhere on the property.
The survey was conducted by Geotech Ltd. ("Geotech") of Aurora, Ontario, in early July 2024. Geotech flew a "VTEM" electromagnetic and magnetic survey over the eastern half of the property. Final reports and interpretations were completed during August 2024. The survey totalled 809 line km at a line-spacing of 100 metres covering an area of approximately 18 km by 4 km. It started east of the Koval gold deposit, which is located at the central part of the Sky Lake property and extended to the very eastern perimeter of NewOrigin's mineral claims.
The survey detected numerous isolated EM anomalies within an area extending for approximately 6 km eastward from the Koval gold deposit. Similar EM anomalies occur within the eastern 4 km of the survey area. The EM responses vary from short-strike length (detected on 2 adjacent lines) to anomalies that can be traced for over 1 km in strike length. Many of these anomalies are within or associated with strong to medium strength magnetic trends. Iron formation has been identified in outcrop at Sky Lake and gold deposits within the Pickle Lake Gold District are commonly associated with iron formation. These associations and the location of EM anomalies within a sequence of felsic and intermediate volcanic rock that host historical gold showings elsewhere on the property, have prioritized these new targets for further exploration.
The prospective environment covered by the airborne survey has seen little exploration since the 1980's. The Koval deposit was discovered and partially delineated during the 1950's and has seen little work for the past 60 years. A small, non-compliant National Instrument 43-101 ("NI 43-101") mineral resource estimate was calculated for the deposit by Hasaga Gold Mines Ltd., a mine operator at Pickle Lake in the 1950's. In January 2022, NewOrigin completed the acquisition of the Koval patented mining claims from Barrick Gold Corporation. The deposit is open at depth and along trend.
The Sky Lake property covers 90 km2 and extends 27 km along a well-mineralized belt of volcanic and sedimentary rock that lies midway between the past-producing gold deposits of the Pickle Lake Gold District and the Dona Lake Mine to the northeast and the Golden Patricia gold mine to the west. In September 2019, Ardiden Limited (ASX: ADV) reported a JORC compliant inferred mineral resource estimate of 110,000 ounces of gold grading 4.3 grams per tonne gold in 790,000 tonnes at its Kasagiminnis gold project, located approximately 6 km to the northeast of the Koval deposit and surrounded by mineral claims owned by NewOrigin. The Pickle Lake Gold District hosts over 3.5 million ounces of gold. The Sky Lake property benefits from nearby infrastructure as the eastern edge the property adjoins highway 199 and power transmission lines. The geological environment at Sky Lake is interpreted by management to strongly resemble that of the Bousquet-LaRonde Gold District in Quebec, from which over 25 million ounces of gold have been recovered by a number of senior gold producers.
Results from the airborne survey are being compiled for inclusion in the Company's technical database and will be used in planning a drilling program at the Koval deposit and nearby targets.
Technical Information
Technical information in this news release has been reviewed by Mr. Mark Petersen, P. Geo. Mr. Petersen is a Technical Advisor to the Company and a Qualified Person as defined by National Instrument 43-101.
About NewOrigin Gold Corp.
NewOrigin Gold Corp. is a Canadian exploration company focused on drill discovery at its gold projects in the Canadian Shield. NewOrigin's management and board have extensive experience in the delineation and development of gold deposits. The Company is currently working to finalize a transaction under which all of its issued and outstanding common shares will be acquired by Harfang Exploration Inc., following which the shareholders of NewOrigin will own
For Further Information Contact:
Robert Valliant, Chairman
explore@neworigingold.com or visit www.neworigingold.com
Cautionary Statement regarding Forward Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the intention to complete the Offering, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company's ability to obtain all approvals required in connection with the foregoing, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223693
FAQ
What were the key findings of NewOrigin Gold's airborne geophysical survey at Sky Lake?
How large is the Sky Lake property and where is it located?
What is the significance of the Pickle Lake Gold District near NewOrigin's Sky Lake project?
How does NewOrigin Gold (TSXV: NEWO) plan to use the results of the airborne survey?
What geological environment does the Sky Lake property resemble according to NewOrigin's management?
