(TheNewswire)
The completion of recent ground VLF EM survey revealsnumerous structures of interest on the Paint Lake Road Joint Ventureproperty in the Wawa area of Ontario, an area renowned for gold andbase metal ores.
Highlights
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The completed ground geophysical VLF EM survey shows many structuresof interest and identifies at least six northeasterly trending EManomalies which may be related to shear zones cutting intrusive rocksas evident in the nearby Eagle Mine which comprises quartz veins inshear zones cutting intrusive diorites.
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Most anomalies are sub-parallel to and offsets of the regionalPukaskwa-Iron Lake (PIL) Shear Zone which hosts gold mineralizationlocally at Abbie Lake and David Lake and regionally at Island GoldMine to the northeast.
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The area has recently been consolidated by other exploration companiesand the property is surrounded by ground held by Angus Gold and BoldVentures and the property is in a relatively unexplored area near theWesdome’s Open Pit Mine and is located on and adjacent to regionalfaults that are known to carry gold to the north and south.
Toronto, Ontario – TheNewswire - November 23, 2022 – Advance United Holdings Inc. (CSE:AUHI) (FSE:9I0) (OTC:AUHIF) and Frontline Gold Inc. (TSXV:FGC)are pleased to report numerous favorable geophysical anomalies havebeen identified on the Paint Lake Road JV (“PLR JV”) Property.
The project is within the Wawa Abitibi Subprovince, prolifically knownfor its metal endowment. It has been estimated the Abitibi Subprovincehas produced over 200 million ounces of gold and 400 million tonnes ofbase metal ore.
The belt has recently been consolidated and the Paint Lake Roadproperty is strategically located inside the consolidated area nearthe Mishi Open Pit and the former Magnacon Mines. The propertycomprises six (6) claim blocks totaling over 3,610 hectares 50km northof Wawa, Ontario and is located inside the Mishibishu Greenstone Beltwhich hosts the Wesdome Mines, the Eagle River Gold Mine, the MishiOpen Pit, and the former Magnacon Mine.
Advance United has had success in the Wawa area having formerlydeveloped and sold the Dorset Zone to current owners, Angus Ventures,which hosts a non-compliant resource of 100,000 oz. gold. The fullstory can be read here .
Figure 1 Location and outline map ofPaint Lake Road JV property
The Paint Lake Road property sits along the Pukaskwa-Iron Lake (PIL)Shear Zone, known to host gold mineralization at the former Argoproperty and further south at Wesdome’s Camp Lake occurrence.Further northeast the Iron Lake Shear Zone hosts Alamos’ Island LakeMine.
Figure 2: Linear Features possiblyrelated to shear zones in the PLR JV Property Area
The Paint Lake Road PropertyGeology
The Property occurs within the Mishibishu greenstone belt that is abroad arcuate syncline 55 km long east-west and 16 km widenorth-south. This belt is part of the Wawa Subprovince of the Archeanage Superior Province. Supracrustal rocks in the belt are dominated bygreenschist facies mafic to intermediate volcanic rocks with lessersedimentary rocks including iron formation and intermediate to felsicvolcanic rocks. The belt is surrounded by Archean granitic rocks andincludes two internal granitic batholiths occupying the centralportion of the belt.
The northern limb of the belt, where the PLR JV Property and the MishiMine of Wesdome are located is dominated by an assemblage of clasticsedimentary rocks, felsic tuffs, and mafic flows. The southern limb,where the Eagle River Mine is located, is dominated by tholeiiticbasalts and calc-alkaline andesites with minor interflow clasticsedimentary rocks and lean chert-magnetite iron formation.
Promising Paint Lake RoadTargets
The target for exploration on the PLR JV is shear-hosted orogenic goldsimilar to Wesdome’s Eagle Deposit which is hosted by quartz veinsin shear zones hosted by intrusive diorite. The presence of aregional scale shear zone is considered prospective for this type ofdeposit.
Gold bearing quartz veins at Eagle River are hosted primarily bysubvertical to steeply north dipping east-west striking shear zoneswithin an elliptical quartz diorite stock Mineralizedstructures exhibit broad zones of deformed rock (3-20 m wide shearzones) affiliated with strong silicification over 20-50 mwidth.
The PLR JV property is underlain by intrusive rocks and as such hasbeen largely ignored in previous exploration programs. Theidentification of possible shear offsets from the main PIL shear willbe further explored with prospecting and sampling.
Drilling has occurred in the past along the PIL shearzone, and gold has been detected in drill core and surface sampling(MNDM Assessment Report # 42C03NW0540).
Figure 3: Regional geology of thePLR JV Property from MLAS Web Site. Note projected location of PILacross the north of the property.
The recent survey was focused on the northeastern part of the claimgroup.
Figure 4: Area of recent VLF EMSurvey on PLR JV Property
It is evident from the results of the survey that there are at leastsix northeast trending anomalies identified in the area covered by thesurvey which could be related to shear zones in the underlyingbedrock.
Figure 5: VLF EM anomaliesidentified.
Mr. James Atkinson CEO Advance United, stated “I am excited by theresults of the recent VLF EM survey – this area is a largelyexplored area of the PIL and we have identified EM anomalies cuttingthe rocks. I fully believe that although this area was not properlyexplored in the past that exciting results will result from ourprospecting and sampling program which will commence in 2023. We arelooking forward to further prospecting of the property, and the VLF EMsurvey will be expanded to cover the extensions of the recentlyidentified anomalies.”
About the Paint Lake Road JointVenture
The Joint Venture is a 50:50 with Frontline Gold where Advance Unitedis the operator.
Walter Henry, Frontline Gold’s CEO is a director of Advance United;and James Atkinson, Advance United’s CEO is a director of FrontlineGold.
About Advance United Holdings
Advance United, headquartered in Toronto, Canada, is traded on theCanadian Securities Exchange under the symbol “AUHI”, the OTCQBMarkets in the USA, symbol AUHIF, and the Börse Frankfurt StockExchange in Germany under the symbol “9I0”.
Advance United brings an entirely different approach to the miningindustry. We don’t mine. Rather, we’ve acquired a portfolio ofundervalued gold properties and are increasing their value through theapplication of modern technology. We have a growing pipeline ofsimilar properties that we are looking to acquire. And now we’velaunched the Au Marketplace. A first of its kind digital platform thatconnects owners of mineral commodities and deposits with developersand producers.
We are involved exclusively in the acquisition and advancement of pastprojects – with no intent to bring them back into production or tomine them ourselves. Our expertise is in identifying and acquiringundervalued properties with significant historical work, which wereuneconomic at the time, but we believe have economic value attoday’s prices.
We fund the development of re-working historic data and applyingmodern technology to underwrite new qualified reports, documentquantifiable resources and reserves to current standards, therebyrecognizing the current value.
Our purpose is to bring immediate and long-term value to our partnersand shareholders while seeking to eliminate exploration risk, so thatwe can all advance united in the shortest possible time frame.
For additional information about us, our projects, or to find out howyou can list your project in the Au Marketplace, visit www.advanceunited.ca .
About Frontline GoldCorporation
Frontline is a Canadian junior mineral exploration company. TheCompany's core properties include the Crooked Pine Gold Project(Ontario), Copperlode Project (Ontario), the Flint Lake and KakagiLake Gold Project (Ontario), and the Route 109 Gold Project and the NEBachelor Lake Gold Project which are both in the Abitibi Region ofQuebec, and the Menderes gold project in the Izmir province of WesternTurkey. Other Canadian exploration properties include other goldproperty groups in Ontario and include the Whitehorse Island MiningPatents.
Frontline continues to actively seek projects, and additionalinvestor/partner(s) in order to continue to build upon its propertiesand net smelter return royalties
Further information about Frontline is available here, www.frontlinegold.com , or on the social mediasites here, Facebook: Twitter: Linkedin:
Qualified Person
James Atkinson M.Sc., P. Geo., a Qualified Person (“QP”) as suchterm is defined by National Instrument 43-101 – Standards ofDisclosure for Mineral Projects, has reviewed and approved thegeological information reported in this news release. The QualifiedPerson has not completed sufficient work to verify all historicinformation on the Property, particularly with regards to historicalsampling, drill results, and technical work provided by others. TheQualified Person assumes that sampling and analytical results werecompleted to industry standard practices. The information provides anindication of the exploration potential of the Property but may not berepresentative of expected results.
Contact Information
James Atkinson, P. Geo., CEO
Email: jim.atkinson@advanceunited.ca
Tel: (647) 278-7502
Forward-Looking Information andCautionary Statements
This news release may contain “forward-looking information” withinthe meaning of applicable securities laws relating to the trading ofthe Company’s securities and the focus of the Company’s business.Any such forward-looking statements may be identified by words such as“expects”, “anticipates”, “intends”, “contemplates”,“believes”, “projects”, “plans” and similar expressions.Forward-looking statements in this news release include statementsregarding the Company’s ability to increase the value of its currentand future mineral exploration properties and, in connectiontherewith, any long-term shareholder value, the Company’s ability tomitigate or eliminate exploration risk, and the Company’s intentionto develop a portfolio of historic gold properties. Readers arecautioned not to place undue reliance on forward-looking statements.These statements should not be read as guarantees of futureperformance or results. Such statements involve known and unknownrisks, uncertainties, and other factors that may cause actual results,performance, or achievements to be materially different from thoseimplied by such statements. Although such statements are based onmanagement’s reasonable assumptions, there can be no assurance thatthe Company will continue its business as described above. Readers areencouraged to refer to the Company’s annual and quarterlymanagement’s discussion and analysis and other periodic filings madeby the Company with the Canadian securities regulatory authoritiesunder the Company’s profile on SEDAR at www.sedar.com . TheCompany assumes no responsibility to update or revise forward-lookinginformation to reflect new events or circumstances or actual resultsunless required by applicable law.
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