(TheNewswire)
Vancouver, BC / February 20,2024 / EGR ExplorationLtd. (TSXV:EGR) (“ EGR ” or the “ Company ”) is pleased to announcethat the Company’s application for a permit to conduct drilling atthe Detour West Property has been approved by the Ontario Ministry ofMines. This permit allows EGR to drill for the potential westwardextensions of the Detour-Fenelon Gold Trend onto EGR’s Detour WestProperty from the adjacent Detour Lake Mine Property owned by AgnicoEagle.
EGR received approval for one hundred and twenty three ReverseCirculation (RC) drill holes planned to test approximately 30kilometres of interpreted structural corridors. Drill holes areplanned along 16 fences of approximately 400 metre-spaced holes with 1to 2.5 kilometres between fences. Interpretation of all thegeological and magnetic geophysical data identified five areas ofinterest that are the target of the proposed program. The objectiveof the program is to identify gold-in-till (gold dispersal trains)that may vector to mineralized portions of interpreted shearstructures and to collect top of bedrock lithological data. This willbuild an accurate geological map in proximity to the interpretedeast-west trending shear structures that potentially represent theextension of the Detour-Fenelon Trend.
Daniel Rodriguez, CEO and Director, comments, “This is the next stepin our plan to make a gold discovery on the Detour West property. Withpermits in place, we are ready to execute a plan to prove the westwardextension of the Detour-Fenelon Trend and the Sunday Lake DeformationZone. Our team interprets geological features and east-west structuressimilar to our neighbours. We want to now test this and demonstratethe productive extension of the trend.”
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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