Power Ore Releases High Resolution Mann Mine Airborne Magnetics which Identify New Drill Targets
Power Ore Releases High Resolution Mann
Mine Airborne Magnetics which Identify New
Drill Targets
TORONTO
,
Oct. 2, 2018
/CNW/ - Power Ore ("Power Ore" or the "Company") (TSX.V: PORE) is
pleased to present the results of the airborne magnetic survey and interpretations of the Mann Mine
area. The purpose of the magnetic survey is to identify the structural controls associated with cobalt
and silver mineralization and to delineate new drill targets.
"What this magnetic survey identifies is the clear north-south magnetic high structure which is the
Nipissing Diabase sill that typically hosts the region's high-grade silver and cobalt mineralization.
What is new is that this high-resolution mag has identified magnetic lows which horizontally intersect
the high magnetic diabase sill. These mag lows appear to correlate with historically mined areas and
our areas of known mineralization. We believe that the mineralizing fluids cross cut the diabase along
an east-northeast trend and altered the rock, destroying magnetite which now identifies as the mag
low features. Clearly this will be our area of interest for future drilling and exploration," said
Charles
Beaudry
, V.P. Exploration for Power Ore.
High Resolution Magnetic Image (Figure 1)
This image depicts the high-resolution magnetic survey and identifies the cross cutting
magnetic lows as areas of interest for drilling.
Geological Map of the Mann Mine Area (Figure 2)
This geological map of the Mann Mine area was generated using historical surveys that were
modified based on the results from the high-resolution magnetic survey.
The 50 metre spaced north-south flight lines of the magnetic data provides twice the previous
resolution, which is critical in interpreting the subtle cross cutting structures associated with the silver
and cobalt mineralized veins on the Mann Mine property.
Figure 1 highlights these magnetic low targets (in white) with the extension of Zone D (in black),
which returned very high silver intersections:
979 g/t silver, over 5.1 metres in hole MN11-03, including 5,130 g/t silver over 0.7 metres
in the most recent drilling.
0.34% cobalt over 5.8 metres, including 1.12% cobalt over 1.4 metres immediately south
of Zone D.
This zone corresponds to an East Northeast trending fault lineament and is
planned to be drill-tested.
A new geological map of the Mann Mine area has been interpreted from the high resolution drone
magnetic data and the historical mapping. The
Nipissing
diabase is not a monolithic unit as
previously mapped but is layered with some highly magnetic horizons that appear to be more
favorable for silver-cobalt mineralized veins. Moreover a low-angle cross cutting magnetic feeder
dyke appears to have intruded the diabase sill and fed the highly magnetic diabase horizon that
correlates with the silver and cobalt mineralization at the Mann Mine (Figure 2).
"We are extremely pleased with the results of the drone survey as only with a drone is this super
high resolution required to interpret these cross cutting structures is practically possible., We plan to
use this type of survey on all our projects. Structural controls on mineralization are subtle features
that can be highlighted only with very tight line spacing at tree top level, which is exactly what the
drone does for us," added Mr. Beaudry.
QP Statement
The technical information contained in this news release has been reviewed and approved by
Charles Beaudry
, P.Geo, Director and Vice President Exploration for PowerOre Inc., who is a
Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral
Projects."
For additional information on Power Ore, please see our
News Release
and
Video
section of our
website.
And please follow us on Twitter @PowerOre
N
either 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. Certain information in this press release may contain forward-looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially from results suggested in any
forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes
no obligation to update the forward-looking statements, or to update the reasons why actual results
could differ from those reflected in the forward looking-statements unless and until required by
securities laws applicable to PowerOre Inc. Additional information identifying risks and
uncertainties is contained in filings by PowerOre Inc. with Canadian securities regulators, which
filings are available under PowerOre Inc. profile at
www.sedar.com
.
SOURCE
Power Ore
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http://www.newswire.ca/en/releases/archive/October2018/02/c7344.html
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For further information:
To speak to the Company directly, please contact: Stephen Stewart,
Chief Executive Officer, Phone:
416.644.1571, Email:
www.powerore.com
CO: Power Ore
CNW 08:00e 02-OCT-18