RE:Looks like we have news coming CANCDN wrote: As usual, volumne and price spike with leaks from the ground. Obviosuly hit something.. hoping its good.
If we are to read into this statement below that drilling will be done in this area first...I would expect some high grade intercepts as well...lets hope we hear something soooooon !
Deposit with its newly discovered zones and extensions. The summer program includes a campaign of drill holes targeting a series of folds and hinge zones that host the recently discovered high-grade gold mineralization at Scadding (Figure 1). Groundwork, geophysics and drilling will also continue on the several other regional targets on the large SPJ property.
Quentin Yarie, President and CEO of MacDonald commented, “We are excited to launch into a systematic, district scale exploration program this summer on this recently identified IOCG system – a first in the Wanapitei area. For 2020, we will continue to build on our newly interpreted structural model utilizing modern exploration techniques. We plan to refine and prioritize drilling targets of the high-grade hinge and fold zones at Scadding and expand the model over several new targets on our 18,340 hectares land package. With an aggressive and fully funded program for 2020/21, we look forward to providing consistent news flow to our shareholders throughout the year.”
Figure 1. Geophysical anomalies associated with polymetallic mineralization at Scadding
