GOLD Plus Mining Completes High Resolution Heli-Borne Magnetic Survey ON Its Mcdonough East Property in Red Lake, Ontario
FOR IMMEDIATE RELEASE
GOLD PLUS MINING COMPLETES HIGH RESOLUTION HELI-BORNE MAGNETIC SURVEY ON ITS MCDONOUGH
EAST PROPERTY IN RED LAKE, ONTARIO
VANCOUVER, BC, September 2nd, 2020 – Gold Plus Mining Inc. (“Gold Plus” or the “Company”) (CSE :GPMI) is
pleased to announce th at it h as completed a high resolution heli -borne magnetic survey of the 100% owned
McDonough East Property (the “Property”) located 16km northwest of Red Lake, Ontario and conducted by
Prospectair Geosurveys Inc. (see Figure 1). The high resolution heli -borne magnetic survey was flown over the
totality of the property covering 1,535 ha. (3,793 acres) at 50m line spacings.
Figure 1. McDonough East property location in the Red Lake Gold Camp.
Airborne magnetic surveys are used in the exploration industry to outline different lith ologies and map
prospective structural zones in areas of limited bedrock exposure. Although preliminary in nature, total magnetic
intensity of the Property has outlined possible folded lithology, intrusive bodies and faults or defo rmation zones
(see Figure 2). Structural features are a key ingredient to Archean orogenic gold deposits in the Red Lake Gold
Camp. Final products of the airborne magnetic survey will be available by the end of September.
Figure 2. Preliminary total magnetic intensity and structural features for the McDonough East Property.
Although preliminary, the airborne magnetic survey has outlined areas of high merit warranting additional
exploration. Ground -truthing these areas t hrough a program of mapping, prospecting and sampling will aid in
integrating possible mineralization with structural features. Results of the mapping and sampling program will be
instrumental in completing a full 2D compilation, re -interpretation of the g eology and a struc tural interpretation
by an experienced struc tural geologist. Completing the above programs will aid in the priorit ization of areas for
possible ground geophysics and subsequent drill targets.
President and CEO Spencer Smyl states, “The initial results of the airborne survey are encouraging and point to
multiple areas of interest that warrant further explorat ion. We look forward to utilizing the final interpretation of
the high resolution airborne survey data to define and priorit ize targets for upcoming exploration programs. The
McDonough East Property is one of three pro spective properties that Gold Plus now has in some of the most
prolific mining camps in Canada: the Golden Triangle in British Columbia, the Red Lake Gold Camp in northwest
Ontario and the Abitibi region of Quebec.”
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed
and approved the technical contents of this news release on behalf of the Company.
About Gold Plus Mining Inc.
Gold Plus Mining is a publicly traded exploration company focused on the development of highly prospective,
discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of
mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden
Triangle” of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the
“Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.
ON BEHALF OF THE BOARD
Spencer Smyl
CEO & Director
For more information on Gold Plus Mining, please contact
Mr. Spencer Smyl – CEO & Director
Phone: 604-785-4229
E-mail: [email protected]
Corporate e-mail: [email protected]
Website: www.goldplusmining.com
Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1
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accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States.