'Results continue to support our thesis that the Miminiska Prospect represents an exceptional opportunity,' stated
Miminiska Prospect
The Miminiska Prospect is located within the 5,500 ha
Field Program
The Company commenced field operations on the Miminiska Prospect in late February. More than 135 line-km of ground magnetic and electromagnetic surveys were completed before drilling was initiated. Drilling tested two of the new high-priority targets. Approximately 650m of core was obtained in total and sulphide mineralization was observed in both drill holes. Samples of the mineralized core will be submitted for assay with results to be reported in due course. Lithoquest suspended drilling after completing two holes to facilitate consultation with the EFN on the Company's three principal projects: Miminiska, Keezhik and Attwood. Drilling is anticipated to resume in the summer of 2022.
High-Priority Targets
The recently completed ground geophysical surveys have identified several targets within the Miminiska Prospect that have not yet been tested with drilling and that are similar in response to the known zones of high-grade gold mineralization.
A 45 line-km horizontal loop electromagnetic survey was completed over the Miminiska BIF. Multi-frequency data were collected along 50m lines with the transmitter and receiver separated by 100m. 91 line-km of ground magnetic data were also collected. The detailed magnetic data provides greater resolution on the location of the BIF and the structural setting of the prospect area.
About
Lithoquest is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on three district-scale projects in the
Contact:
Tel: +1 (604) 506-2804
Email: bcounts@lithoquest.com
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