(TheNewswire)
December 10, 2020 – TheNewswire - Vancouver, British Columbia – Lake WinnResources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased toannounce it has commenced drilling on the Cloud project, in the FlinFlon gold belt, Manitoba.
The first runs of core are being recovered from drillhole CP-2020-01. The hole is being drilled at an azimuth of345 0 and a dip of 50 0 .This hole is targeting the western side of the Bachnick gold zone (seefigure 1). The 320m long zone is defined by over a dozen pits whichreturned gold values from grab and channel samples. It is hosted inmafic meta-volcanics and is estimated to be 115m wide at this point.The northern edge of this unit is marked by a distinct resistivityanomaly that also coincides with the Mikanagan fault. The plan is todrill across this zone and through the resistivity anomaly and thefault to the rocks beyond and complete the hole at plus/minus 200mdepth. The concept is that the resistivity anomaly represents silicaflooding from mineralizing fluids using the fault as a conduit. Themafic volcanics act as a chemical trap for these fluids. The hole,therefore, has two targets the geochemical anomaly of the Bachnickgold zone and the conceptual anomaly of the resistivity zone hosted bythe Mikanagan fault.
The company plans a minimum of 1500m to 3,000m ofdrilling during this campaign and will continue to make public withnews releases, milestones as the campaign progresses.
Figure 1: Bachnick gold prospect,showing first drill hole CP-2020-01
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 the provisions of National Instrument 43-101.Carey Galeschuk, P. Geo. the project manager is a registeredprofessional geologist in Manitoba.
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. Thecompany’s flagship property, the Cloud Project is in the province ofManitoba, in the Flin Flon Gold Belt approximately 40 kilometersnorth?east of the town of Flin?Flon. Access to the property isprovided by Manitoba highway 10 to the all?weather Kississing LakeRoad. The company is currently 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.
Copyright (c) 2020 TheNewswire - All rights reserved.