Completion of UAVMAG Survey over Intact Gold's Ortona Project in Quebec
VANCOUVER, May 18, 2018 /CNW/ - Intact Gold Corp. (TSX-V: ITG) (FSE: 1A5) (ITTGF:US) (the "Company" or "Intact Gold"), is pleased to announce the completion of a UAVMAG™ geophysical survey over the Ortona Gold Project in western Quebec.
A crew from Pioneer Aerial Surveys carried out the work over the course of a week, with the aid of an Unmanned Aerial Vehicle (UAV). The geophysical survey was conducted to test for magnetic anomalies within the project, associated with contrasts in lithology and/or structures. The survey highlighted several areas of interest requiring follow up work.
The survey results will provide insight into structural features which are prospective for shear zone hosted mineralization known in the area. Intact Gold is currently utilizing the UAVMAG™ survey to design their exploration plan going forward.
The Ortona block lies less than 1km North West of the historic Belleterre mine. The Belleterre Mine, which is not part of the Belleterre property and never has been, produced 2,177,400 t @ 10.73 g/t Au and 1.37 g/t Ag from 1936 – 1959.
Parvar K. & Wood C., 2018. Technical Report on UAV Magnetic Surveys Conducted over Ortona Properties
Terrence Coyle, P.Geo., a qualified person as defined in NI 43-101, has reviewed and approved the contents of this press release. The contained information regarding the resource is historic in nature and has not been confirmed.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD CORP.
Per: Anthony Jackson, President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the TSX-V may not approve the transaction, and other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking information in this news release.
The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimate as current resources and Intact Gold is not treating the historical estimate as current mineral resources.
Neither 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.
SOURCE Intact Gold Corp.
please contact the Company at 604-283-1722.