Canoe Mining Ventures Corp. announced the receipt of the final dataset from an airborne Mobile MagnetoTellurics ("MobileMT") electromagnetic survey conducted by Griftco prior to the Option Agreement. The survey conducted on the Property included 348 line-km of geophysical data collection and was able to identify anomalies of high frequencies of apparent conductivity/VLF amplitude, showing conductive zones near-surface.

These conductive bodies are determined to be mostly structurally controlled and could correspond to pegmatite dykes or graphite mineralization. Identified geophysical anomalies demonstrate zones of potential mineralization and have been prioritized as targets for follow-up exploration on the Property. Canoe announced that it will initiate a prospecting and sampling program on the three identified areas with a focus on graphite, rare earth element, and graphite mineralization.

This program is expected to be completed in the coming weeks.