Le Lézard
Classified in: Mining industry

Completion of UAVMAG Survey over Intact Gold's Ortona Project in Quebec


VANCOUVER, May 18, 2018 /CNW/ - Intact Gold Corp. (TSX-V: ITG) (FSE: 1A5) (ITTGF:US) (the "Company" or "Intact Gold"), is pleased to announce the completion of a UAVMAGtm geophysical survey over the Ortona Gold Project in western Quebec.

A crew from Pioneer Aerial Surveys carried out the work over the course of a week, with the aid of an Unmanned Aerial Vehicle (UAV). The geophysical survey was conducted to test for magnetic anomalies within the project, associated with contrasts in lithology and/or structures. The survey highlighted several areas of interest requiring follow up work.

The survey results will provide insight into structural features which are prospective for shear zone hosted mineralization known in the area. Intact Gold is currently utilizing the UAVMAGtm survey to design their exploration plan going forward.

Completion of UAVMAG Survey over Intact Gold's Ortona Project in Quebec (CNW Group/Intact Gold Corp.)

The Ortona block lies less than 1km North West of the historic Belleterre mine. The Belleterre Mine, which is not part of the Belleterre property and never has been, produced 2,177,400 t @ 10.73 g/t Au and 1.37 g/t Ag from 1936 ? 1959.

References

Parvar K. & Wood C., 2018. Technical Report on UAV Magnetic Surveys Conducted over Ortona Properties

Qualified Person

Terrence Coyle, P.Geo., a qualified person as defined in NI 43-101, has reviewed and approved the contents of this press release. The contained information regarding the resource is historic in nature and has not been confirmed.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD CORP.

Per: Anthony Jackson, President and CEO

Disclaimer for Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the TSX-V may not approve the transaction, and other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking information in this news release.

The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimate as current resources and Intact Gold is not treating the historical estimate as current mineral resources.

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.

SOURCE Intact Gold Corp.


These press releases may also interest you

at 15:38
AGCO Corporation , a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that its Board of Directors declared a special variable dividend in the amount of $2.50 per share...

at 15:35
Phoenix Capital Group, a leading oil and gas mineral rights company, has acquired 1,500 net royalty acres in Utah's highly productive Uinta Basin. The company has spent over $60MM to-date in the Uinta Basin. Since April 2023, the newly acquired...

at 15:05
Teck Resources Limited ("Teck") announced today that its Board of Directors has declared an eligible dividend of $0.125 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on June 28, 2024 to...

at 15:00
PPX Mining Corp. (the "Company" or "PPX")(BVL:PPX) is pleased to announce that during the current month, the Company focused its exploration efforts in three additional diamond drillholes from underground at Callanquitas East and...

at 14:09
Velan Inc. ("Velan") today announces that its Board of Directors has appointed Mr. Daniel Desjardins as an independent director of Velan. "Mr. Desjardins is an experienced director and lawyer, who has a background in risk management and...

at 13:30
On Tuesday, Huntsman Corp. awarded 19 scholarships to Spring Independent School District (ISD) seniors pursuing four-year university degrees, or vocations in science, technology, engineering, or mathematics (STEM). During its annual Huntsman...



News published on and distributed by: