Lake Winn Receives Results from Drone Based Magnetic Survey
| December 3, 2020 - Vancouver, British Columbia – Lake Winn Resources | ||
| Corp. (“Lake Winn” or the “Company”) | (TSXV:LWR) (OTC:EQTXF) | is pleased to |
| announce that it has received the final data from the drone based airborne magnetic | ||
| survey regarding the Cloud project in the Flin Flon gold belt, Manitoba. |
The survey was flown by Stratus Aeronautics Inc. based out of Burnaby BC. The survey was flown at 50m line spacings on a north-south grid. The work is designed to assist in the understanding of the geology of the Cloud project.
The magnetic data has immediately shown to map the mafic meta-volcanics that host 320m by 50m Bachnick gold zone and also demonstrates that this geology continues to the west under cover for an additional 1km. This unit, a “greenstone” is thought to host the gold mineralization and this will be the prime target for drill testing which commences next week. The parallel and adjacent IP and Resistivity anomalies will also be tested by drilling. Figure 1 depicts this data. Interpretation of the magnetic data will continue with a focusing on mapping structures.
Drone Based Magnetic survey guides drill planning
Historic drill holes
Bachnick Gold Zone
40nT Contours
LEGEND Drone base magnetometer survey Image of total magnetic Intensity on the IP anomaly left. Zooming into the Bachnick gold Naosap Lake zone on the right.
Resistivity High
The host mafic volcanics are mapped by Zoom in area above the survey and they continue for a within the blue box kilometer west under cover.
Figure 1: Airborne total magnetic intensity image of the Cloud Project
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based gold company, listed on the TSX Venture Exchange (Symbol: LWR) focusing on exploration and development of gold projects in Canada. The company’s flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kilometers north‐east of the town of Flin‐Flon. Access to the property is provided by Manitoba highway 10 to the all‐weather Kississing Lake Road. The company is currently preparing for diamond drilling.
On Behalf of the Board of Directors of Lake Winn Resources Corp.
Patrick Power, President & CEO +1 (604) 218-8772
https://www.lakewinnresources.com
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Cautionary Statement Regarding “Forward-Looking” Information
Certain statements contained in this press release may constitute forward-looking statements. Such forward-looking statements are based upon the Company’s reasonable expectations at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company’s plans or prospects to change include changes or disruptions in the securities markets; legislative, political or economic developments. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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