Nevada Copper Corp NEVDQ

VRR stakes new ground, up 14% yesterday

[bogfit]

" the Company completed a thorough review of its regional database and staked the Northway property located approximately 15 km to the northeast.   An ultra – high resolution drone magnetic survey was completed over Northway in March, during the set-up of the recently completed, third drill program at Hecla-Kilmer, which produced the recently announced intersection in Hole 013 of 243 metres @ 1.01% TREO, of which 19% are PMREO. This news release provides the results of the drone magnetic survey at Northway.
 
Figure 1. Regional gravity map showing location of VR properties along the Kapuskasing structural zone (KSZ), a rift feature within the Archean Superior craton that is prospective for the emplacement of carbonatite intrusions, and formation of IOA and IOCG hydrothermal fluid systems. Shown are the Trans-Canada highway, Highway 634 leading to the hydroelectric facility at Otter Rapids, and the active Ontario Northern Railroad to Moosonee.

https://www.globenewswire.com/NewsRoom/AttachmentNg/f1e358ba-f076-44c7-aaa3-ed1c8a7d075a
 
Figure 2. Location of the Northway and Hecla-Kilmer properties on opposing boundaries of the Wabigoon sub-province of the Archean Superior craton; both boundaries are regional-scale tectonic suture zones, and offer good crustal conduits for magma and fluid. Both properties are centered on regional-scale, circular magnetic anomalies with reverse polarity (low - green).

https://www.globenewswire.com/NewsRoom/AttachmentNg/b949d54a-ec97-4216-bc28-4a32cd5df544
 
 
Figure 3. The Northway magnetic anomaly derived from the recently flown high-resolution drone survey, plotted on the RTP magnetic base map for the region. Regional structures which define and/or disrupt the patterns in the RTP map, and the various other magnetic derivative products such as 1VD and HD are parallel to the KSZ (see Figure 1). Shown is the Archean tectonic suture on the northern boundary of the Wabigoon sub-province of the Superior craton (see Figure 2 for reference). Also shown are gold and copper grains from the 2001 OGS regional survey, and gold and copper grains in auger holes in till from regional diamond exploration in 1981.

https://www.globenewswire.com/NewsRoom/AttachmentNg/10dc40a7-ac4c-4095-aa2b-333eef446f7f