Description of Pontax South and Ile Interdite Properties Regional Setting
The Pontax South property consists of 105 claims covering 5,603 hectares (56 km2) and immediately adjacent to the south to
The Ile Interdite property consists of 20 claims covering 1,089 hectares (10.9 km2) and extends over 5 km along the
The Ile Interdite property hosts an important beryl showing that was identified in the 1960's by the same group of
Satellite Imagery Study
The remote sensing work is expected to be completed by end of
The Company intends to complete a satellite imagery study using Worldview satellites constellation with panchromatic data up to 31 cm in resolution and multispectral data with 1.24 m resolution. Algorithms will be applied on these images in order to unfold pegmatites and/or swarms of pegmatites that can take the shape of flat-lying or variably dipping dykes, pods, tabular and lenticular-shaped bodies.
The information will be transferred to a GIS system and a series of maps at scale 1:5,000 will be generated. Precise satellite image interpreted pegmatites will be correlated with existing data for generating targeted areas that will be followed up on the field in the upcoming pegmatite sampling program in the summer of 2024.
Next steps to establish
Pluto Property
Further to its news releases dated
About
Contact:
Nader Vatanchi
Tel: 604-717-6605
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans of the Company. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including that the Company may use the proceeds of the Offering for purposes other than those disclosed in this news release; adverse market conditions and other factors beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
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