First Fieldwork Programme At Wapatik Gold-Copper Project In Quebec
Mont Royal Resources Limited (ASX:MRZ) has commenced the first fieldwork programme at the Wapatik Gold-Copper Project, located in James Bay area, a tier 1 mining jurisdiction of Quebec, Canada.
The company has engaged Novatem Inc. to carry out high-resolution heliborne survey on the Wapatik Gold-Copper Project with work to commence immediately
Executive Director, Peter Ruse, said the survey aims to complete a structural analysis: geophysical, topographic, and remote sensing data, with results and interpretation to follow in approximately four weeks subject to winter flying conditions
Mont Royal recently entered into a binding option agreement with Azimut Exploration Inc. to earn-in up to 70% of the Wapatik Gold-Copper Project.
Wapatik is located along the same geological trend as the Elmer Property, where Azimut announced a significant gold discovery earlier this year.
“Following the recent shareholder approval of the company’s plans to proceed with the Wapatik Project, I am excited to inform shareholders of our first programme of fieldwork commencing via the Heliborne magnetic survey,” Mr Ruse said.
“Azimut and Novatem have a long and established working relationship, and the Board is pleased to be initiating the survey without delay.
“We look forward to releasing the information gained from the work programme as soon as it becomes available.”
The first exploration phase will consist of:
- A very high-resolution heliborne magnetic survey totalling 2,530 line- kilometre on 25-metre spaced lines, which will cover the entire Property;
- A structural study supported by the results of the magnetic survey and remote sensing data;
- Systematic till sampling survey; and
- Focused prospecting to assess target zones.
