Playfair Mining Ltd V.PLY

Drone Magnetic Surveys in Progress at Playfair's RKV Project

[mrsgoldminer]

Drone Magnetic Surveys in Progress at Playfair's RKV Project, Norway

 

2020-11-10 09:04 ET - News Release

 

Vancouver, British Columbia--(Newsfile Corp. - November 10, 2020) - Playfair (TSXV: PLY) (FSE: P1J1) (OTC: PLYFF) has engaged Mobile Geophysical Technologies GmbH (MGT) to carry out detailed drone magnetic surveys over six selected areas of Playfair's RKV Project in Norway.

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Surveys will cover 12.75 square kilometres at a 50m flight altitude using a 50m line spacing for a total of 285 survey line-kilometres.

 

MGT is a German based geophysical company with a special emphasis on drone-based systems to provide a cost-efficient geophysical exploration service. The surveys are ongoing with completion of data collection expected by mid-November.

The aeromagnetic survey is being executed using MGT's DroneMag system, a multirotor UAV outfitted with a vector magnetometer. The unmanned aircraft is configured as a X-8 built octocopter. The DroneMag system uses a 3-axis fluxgate magnetometer.

Playfair Mining's 100% owned RKV copper-cobalt-nickel project currently encompasses 344 square kilometers in a historic mining area about 100 km south of Trondheim by road. The Norwegian Geological Survey (NGU) has recorded, usually sampled, and analyzed 75 sulphide localities contained in 29 "Deposit Areas" on the RKV Project. The NGU "Ore Database" records historic production from four Deposit Areas, including two historic copper mines, Kvikne and Rstvangen. A drilled nickel-copper deposit, Vakkerlien also occurs on the property.

Playfair has used an extensive digital database, AI targeting (CARDS) and MMI geochemistry to focus on these initial six areas in preparation for a drill program.

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The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

There is no green future without minerals. The road to a cleaner environment includes batteries. Batteries use copper, nickel, and cobalt.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore 
CEO and Director 
Phone: [phone]
Email: [e-mail]

D. Neil Briggs
Director
Phone: [phone]
Email: [e-mail]

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67872

© 2020 Canjex Publishing Ltd. All rights reserved.

[guerreiro]

Great report, "mrsgoldminer" I do believe that we have a winner here. Very low float and a major group with strong hands behind it, a new progress report should be out soon, which could create some stock activity to move it up to the 20 cent level. Let's keep our fingers crossed, the Germans are buying it and are very interested in PLY.

[guerreiro]

PLY is creeping up slowly, .13 cents now, indicating that there is some interest out there. Someone is accumulating it. ( there was some sort of article that stated that the Germans have been accumulating. I can't recall where I saw that.---- mrsgoldminer!!!!!! would you have any recollection of that ??? I could be wrong on my recollection of that statement, maybe it was one of the other gold

[mrsgoldminer]

This might be a big pay off in spring.They like to run it in May or June,,,but expect the unexpected as with penny stocks conditions could change overnight  with a completely different approach overnight or land as in a new acquisition  or a new JV

[mrsgoldminer]

Copper trading at 3.2225 USD/Lbs on Monday