(via TheNewswire)
Based on the encouraging historic results and the large footprint of this LCT pegmatite system, Lake Winn is currently conducting the following activities in preparation for an estimated 4,000m drill program:
Permitting
A road access study
Satellite Radar study
SQUID Magnetometer 75m close space airborne geophysics
Geologic AI scan of the existing historic drill core
Targeting
These are all well underway, most notably, results for approximately 25% of the SQUID magnetometer survey have been received and released (see Press Release dated
The preliminary data has shown striking linear magnetic responses, with one zone lining up with the known pegmatite trend (see Figure 1). and with a second stronger linear anomaly with no known geological explanation. Field crews will be deployed to investigate this potentially new area of mineralization. Based on these preliminary results the company has staked additional ground to the east and south.
Lake Winn has been informed by the contractor that the survey will recommence on
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Figure 1: Previous Magnetometer Representing Approximately 25% of the Property. Close-up of previously completed magnetometer data.
Lake Winn is working with
Qualified Person
The Qualified Person for this news release is
About Lake Winn
ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.
+1 (604) 218-8772
info@lakewinn.ca
www.lakewinn.ca
Neither the
Cautionary Statement Regarding “Forward-Looking” Information
This news release contains “forward-looking statements” including but not limited to statements with respect to Lake Winn’s plans, the estimation of a mineral resource, and the success of exploration activities. In this release, it is not certain if the kimberlite discovered will be economic or not as this depends on many factors. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could affect our plans include our potential inability to raise funds as intended, and in such event, we may require all funds raised, if any, to be used for working capital rather than the intended uses as outlined. Accordingly, readers should not place undue reliance on forward‐looking statements.
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