Red Lake Gold Inc. Retains Precision GeoSurveys for a 941 Line-KM Geophysical Exploration Survey at the Fenelon North Gold Project
Red Lake Gold Inc. Retains Precision GeoSurveys for a
941 Line-KM Geophysical Exploration Survey at the
Fenelon North Gold Project
Vancouver, British Columbia, December 14, 2020 – Red Lake Gold Inc. (CSE:
RGLD)(FWB:P11)(“Red Lake Gold ” or the " Corporation") is pleased to announce that the
Corporation and its wholly-owned subsidiary Fenelon Gold Inc. have contracted Precision
GeoSurveys Inc. to perform a high-resolution aeromagnetic exploration survey at the Fenelon
North Gold Project in Quebec. The Fenelon North Gold Project is situated immediately adjacent
to the Fenelon Gold Project being advanced by Wallbridge Mining Company Limited.
“As we work towards our 2021 exploration plans within the Red Lake gold camp, we are excited
to announce our upcoming inaugural exploration at our Fenelon North Gold Project which is
situated in one of Quebec’s most promising gold districts. Our project covers a significant portion
of the Jeremie Pluton and our exploration survey there is designed to assist us in exploring for
potential gold-bearing areas within our large-scale project, ” stated Ryan Kalt, Chief Executive
Officer of Red Lake Gold.
The program budget for the winter 2020 geophysical exploration program is expected to meet
or exceed qualifying expenditures required to constitute the Fenelon North Gold Project as a
“qualifying project” as that term is more generally referred to in the policies of the CSE Exchange.
Winter 2020 Geophysical Survey (Fenelon North Gold Project)
The winter 2020 geophysical survey is designed to cover 914 line-kilometers on a 50m spacing
basis and is scheduled to commence this month. The heli-borne airborne survey will be flown in
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a systematic low-level grid pattern and will cover priority areas of the Fenelon North Gold Project
located within the western portion of the project. The winter 2020 geophysical survey will extend
coverage over 42.6 km 2 with particular emphasis on exploration of tenure holdings overlaying
the Jeremie Pluton.
Figure One: Fenelon North Gold Project – Western Project Area
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Figure Two: Planned Winter 2020 Geophysical Survey Area
The mag survey will utilize four Scintrex CS-3 cesium vapor magnetometer sensors; in a custom-
designed non-magnetic and non-conductive survey bird for triaxial gradient and total magnetic
intensity measurements. Compared to conventional single-sensor survey systems, this design
allows for direct measurement of the magnetic gradient in the X, Y and Z axes with four magnetic
sensors rather than calculating the gradient from one sensor. This eliminates aircraft-induced
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noise and will provide more structural detail, especially for near-surface targets, without
compromising the total magnetic intensity.
The airborne survey is planned to be flown at a nominal flight height of 40m above ground,
plus/minus allocated variances.
About the Fenelon North Gold Project
Red Lake Gold Inc., in conjunction with its wholly-owned subsidiary, Fenelon Gold Inc., is
advancing its Fenelon North Gold Project, which shares a 50km common property boundary with
Wallbridge Mining Company Limited. The Fenelon North Gold Project brings together more than
60,000 acres of regional tenure holdings, including substantial tenure within the Jeremie Pluton,
a structure that has recently seen increased exploration industry focus (see also Red Lake Gold
news releases dated February 12, 2020 and June 2, 2020).
Additional information on the Fenelon North Gold Project may be found at:
https://www.redlakegold.ca/fenelon_north
The Corporation cautions that past results or discoveries on the adjacent property (e.g. Wallbridge
Mining Company’s Fenelon Gold Project) may not necessarily be indicative as to the presence of
mineralization on the Corporation's property (e.g. Red Lake Gold/Fenelon Gold’s Fenelon North
Gold Project).
Mr. Garry Clark, P.Geo., is the Qualified Person for Red Lake Gold Inc. and approves the
technical content of this news release.
On Behalf of the Board of Directors
Ryan Kalt
Chairman & Chief Executive Officer
Email: [email protected]
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address
future events and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently expected or forecast in such statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of
the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.