Vancouver, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. (“Apogee” or the “Company” or the “Optionee”) (TSXV: APMI) is pleased to announce that survey equipment has been mobilized to the Pine Channel project located 43 km west of Stony Rapids, Saskatchewan (the “Property”). Precision Geosurveys Inc. of Langley, British Columbia has been contacted to complete a 380 line-km helicopter-borne high-resolution aeromagnetic and radiometric survey.
Pine Channel Gold Property Summary:
The Pine Channel Property consists of 28 mineral dispositions covering 6,503 hectares located approximately 40 km west of Stony Rapids, Saskatchewan which is the logistics/business hub for northern Saskatchewan. The property can be accessed year-round by float- or ski-equipped aircraft from Stony Rapids or Fort McMurray, AB. The eastern and northern part of the property is transected by a high voltage powerline. Most geological fieldwork is limited to late May to October but other operations such as geophysical surveys and diamond drilling can be completed year-round.
Highlights from documented historical work and previously reported results include:
- North Norite Bay (SMDI 2183): 407.96 g/t Au over 0.5 m (drill hole)
- ELA (SMDI 1574): 39.96 g/t Au over 0.55 m (drill hole)
- Holes G-1 and G-3 (SMDI 2329): 3.20 g/t Au over 1 m (drill hole)
- Occurrence No. 6/Occurrence No. 8 (SMDI 1581): 90.6 g/t Au over 0.2 m (trench sample)
- Cole Lake Ni-Cu (SMDI 1583): 0.45%…
