- Cortus Metals (CRTS) has completed a 128 line-kilometre high-resolution ground magnetic survey over the entirety of its Powerline Project
- The survey confirmed the presence of silver and antimony in the area, common pathfinders to gold mineralization
- Assay results are pending, and initial drilling targets will be defined by the geochemical and gravimetric data
- Cortus Metals is a new Canadian mineral exploration company with a portfolio of highly prospective early-stage projects in Nevada
- Cortus Metals Inc. (CRTS) is currently down 10.0 per cent, trading at $0.135 per share
Cortus Metals (CRTS) has completed a 128 line-kilometre high-resolution ground magnetic survey over the entirety of its Powerline Project.
The company’s goal for the survey was to test a southwest extension of the Getchell Trend, a major northeast structural trend of deposits containing 19.4 million ounces of gold.
Sean Mager, Cortus CEO, released a statement regarding the survey results.
“The major north-northeast fault,” he said, “is a direct extension of a regional fault controlling mineralization at Spring Valley, Coeur Rochester, and Relief Canyon, which host more than six million ounces of gold combined.”
“Magnetic and geobotanical data indicate that the structures and mineralization extend beneath the pediment, supporting the definition of drill targets at Powerline,” he added.
The survey confirmed the presence of silver and antimony in the area, common pathfinders to gold mineralization. These minerals often occur near a central hydrothermal hot spot in large Nevada Gold deposits.
Assay results are pending, and initial drilling targets will be defined by the geochemical and gravimetric data.
The 2021 exploration program is nearing the drill-ready stage, and permitting is in progress.
Cortus Metals is a new Canadian mineral exploration company with a portfolio of highly prospective early-stage projects in Nevada.
Cortus Metals Inc. (CRTS) is currently down 10.0 per cent, trading at $0.135 per share as of 10:13 am ET.
