Snowy Owl study on Golden Eagle "possible game-changer" SNOWY OWL GOLD PROVIDES EXPLORATION UPDATE ON GOLDEN EAGLE PROPERTY
Snowy Owl Gold Corp.'s geoscientific and geophysical desktop studies on the company's 100-per-cent-owned Golden Eagle property have been completed. The company plans to mobilize an exploration crew to the property in early to mid-June. Additional information on Snowy Owl is available on the company's website.
Snowy Owl is a mineral exploration company focused on acquiring, exploring and developing gold projects from its land areas representing approximately 8,887 underexplored hectares (88.87 square kilometres) within the prolific Abitibi region of Quebec, Canada. The company's Golden Eagle property is surrounded by the adjacent projects operated by Osisko Mining and Bonterra Resources, as well as other smaller operators and explores. A number of gold deposits and occurrences exist between the Golden Eagle property and the company's other 100-per-cent-owned Panache gold property, approximately 30 km to the northwest from the Golden Eagle property.
The desktop studies on the Golden Eagle consisted of two separate scopes of work:
- An in-depth analysis of the geophysical data obtained by the company from the 2020 heli-borne magnetic survey; this was completed by Joel Simard, a professional contract geophysicist (announced April 19, 2021);
- A geoscientific compilation of the geology, geophysics, geochemistry, historical exploration data and field program planning completed by Geologica Groupe Counseil of Val d'Or, Que.
The northern portion of the property has been previously mapped by MERN (Ministere de l'Energie et des Ressources naturelles) to contain favourable greenstone belt geology; however, the in-depth geophysical analysis presents a new interpretation indicating the greenstone belt geology may be more extensive, possibly extending throughout the property displayed as a northeast-southwest linear geophysical anomaly. This may also explain the anomalous geochemical stream sediment sample identified in the southern portion of the property.
"The 3-D modelling and new greenstone belt interpretation completed by Mr. Simard is a possible game changer," stated Raymond Wladichuk, chief executive officer.
As announced on Feb. 4, 2021, Snowy Owl has retained Geologica to complete the field exploration program and are expected to mobilize to site in early to mid-June.
"Nothing is more exciting than getting boots on the ground. Snowy has the right ingredients for success; we're in the shadow of the headframe, literally sandwiching half a dozen quality gold projects being operated by large companies such as Osisko. Further, the company has a highly experienced technical and management team with a record of success and discovery in Quebec," stated David Patterson, chairman of Snowy Owl.
Mr. Wladichuk, PGeo, CEO of Snowy Owl, and a qualified person for National Instrument 43-101 -- Standards of Disclosure for Mineral Projects has reviewed and approved the scientific and technical information contained in this news release.
About Snowy Owl Gold Corp.
Snowy Owl is a mineral exploration company focused on acquiring, exploring and developing gold projects in Quebec, Canada. The company has 100-per-cent interest in the Panache property, which consists of 12 map designated claims covering a total of 678 hectares, and the Golden Eagle property, which consists of 161 map designated claims covering a total of 8,887.65 hectares (88.87 square km) within the Abitibi region located in Quebec, Canada.