(TheNewswire)
December 1, 2020 - TheNewswire - Vancouver, British Columbia - Lake WinnResources Corp. ("Lake Winn" or the"Company") ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce that it has awarded Rodren DrillingLtd of St Paul, Manitoba the drilling contract for our Cloud projectin the Flin Flon gold belt.
The rig will mobilize on December 7 th for a 1500mdrill program with provision to expand to at least 3000m.
The project will be under the direct supervision ofCarey Galeschuck P. Geo in Manitoba.
The drill target is a orogenic gold type target hostedin paleo-proterozic mafic volcanics in a similar setting to that foundat the Tartan gold mine 14km to the east of the Cloud project.
A 320m by 50m zone of metamorphosed mafic volcanics,returned numerous high grade gold values when exposed by pitting in1990. These results are shown in the accompanying figure 1. Theresults were later confirmed by check sampling that also returned highgold values. Visible gold was also noted. These predominately grabsamples do not demonstrate economic viability as they are notrepresentative, but they do show the zone to be mineralized. Silveralso showed anomalous values. We are calling this zone the BachnickGold zone named after the prospector the carried out the work.
Figure 1: Bachnick gold prospect,showing historic samples with gold results.
The Bachnick zone is nestled within a resistivityanomaly and lies to the north of a prominent IP anomaly. These willall be targeted in the upcoming drill campaign about to commence. TheIP and Resistivity anomalies continue, slightly displaced by faultingfor 1300m along strike and these extensions will also be drilledshould the first test holes prove encouraging.
Qualified Person
The Qualified Person for this news release is BuddyDoyle, AUSIMM, a Geologist of over 30 years' experience in mineralexploration, discovery, and evaluation. A Qualified Person under theprovisions of National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based goldcompany, listed on the TSX Venture Exchange (Symbol: LWR) focusing onexploration and development of gold projects in Canada. The company'sflagship property, the Cloud Project is in the province of Manitoba,in the Flin Flon Gold Belt approximately 40 kilometers north-east ofthe town of Flin-Flon. Access to the property is provided by Manitobahighway 10 to the all-weather Kississing Lake Road. The company iscurrently preparing for diamond drilling.
On Behalf of the Board of Directors of Lake WinnResources Corp.
Patrick Power, President & CEO
+1 (604) 218-8772
https://www.lakewinnresources.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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