(TheNewswire)
Vancouver, BC - TheNewswire - April 13, 2023 - EGR Exploration Ltd. (TSX-V:EGR) (" EGR " or the " Company ") is pleased toannounce that the Company has commenced a high resolution airbornemagnetic survey ("the Mag Survey ") over itsflagship Detour West Gold Project.
EGR contracted Precision GeoSurveys Inc. to carry out an airbornemagnetic survey totaling 4,620 line kilometres on a line spacing of 75metres at the Detour West Gold Project. The Survey will coverapproximately two thirds of the property investigating the extensionsof the Sunday Lake (SLDZ), Massicotte (MDZ) and LowerDetour Lake (LLDZ) deformation zones known to be associatedwith gold mineralization along the Detour-Fenelon trend including theDetour Lake Mine. Data obtained from this airborne magnetic surveywill provide a superior and consistent dataset that will form thebasis for target refinement of future till and top of bedrock samplingand reverse circulation (RC) drill programs.
Daniel Rodriguez, CEO and Director, comments: " We are excited to begin rolling out ourexploration plan. This Mag Survey is the first step in targetpreparation for our RC drill program. It will ensure we are asprepared as we can be prior to drilling. This is a large property withexceptional potential. I am looking forward to reviewing the data withthe EGR Technical team and releasing results to our shareholders andthe market. "
The survey is expected to be concluded with all data collectioncompleted over the coming weeks. Data analysis will follow andinterpretation announced when ready.
The technical information contained in this news release has beenapproved by Brian Atkinson, P.Geo. who is a Qualified Person asdefined in National Instrument 43-101, Standards of Disclosure forMineral Projects.
About EGR Exploration Ltd.
EGR Exploration Ltd. is exploring for gold in theDetour-Fenelon Gold Trend approximately 300 kilometres north ofTimmins, Ontario. EGR's 40,255 hectare Detour West gold project iscontiguous to Agnico Eagle's property which contains the Detour LakeGold Mine and is approximately 20 kilometres from the mine, which isalso hosted in the Abitibi Greenstone Belt.
For further informationcontact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@egrexploration.com
Forward ? Looking Statement (Safe HarborStatement): This press release contains forward-looking statementswithin the meaning of applicable securities laws. The use of any ofthe words "anticipate", "plan","continue", "expect", "estimate","objective", "may", "will","project", "should", "predict","potential" and similar expressions are intended to identifyforward-looking statements. In particular, this press release containsforward-looking statements concerning the Company's exploration plans.Although the Company believes that the expectations and assumptions onwhich the forward-looking statements are based are reasonable, unduereliance should not be placed on the forward-looking statementsbecause the Company cannot give any assurance that they will provecorrect. Since forward-looking statements address future events andconditions, they involve inherent assumptions, risks anduncertainties. Actual results could differ materially from thosecurrently anticipated due to a number of assumptions, factors andrisks. These assumptions and risks include, but are not limited to,assumptions and risks associated with conditions in the equityfinancing markets, and assumptions and risks regarding receipt ofregulatory and shareholder approvals. Management has provided theabove summary of risks and assumptions related to forward-lookingstatements in this press release in order to provide readers with amore comprehensive perspective on the Company's future operations. TheCompany's actual results, performance or achievement could differmaterially from those expressed in, or implied by, theseforward-looking statements and, accordingly, no assurance can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do so, what benefits theCompany will derive from them. These forward-looking statements aremade as of the date of this press release, and, other than as requiredby applicable securities laws, the Company disclaims any intent orobligation to update publicly any forward-looking statements, whetheras a result of new information, future events or results or otherwise.Neither the 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.
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