- Burin Gold (BURG) has mobilized an airborne geophysical survey crew to its Hickey’s Pond – Paradise Gold Project
- The property is located on the Burin Peninsula of Newfoundland
- A contractor will conduct a more than 1,600 line-kilometre airborne Versatile Time-Domain Electromagnetic (VTEM) survey
- Personnel are now at the property site and the survey will be ongoing over the next several days, subject to favourable aviation weather
- The company previously completed a VTEM survey over parts of the property in 2019
- Burin Gold is down 1.89 per cent, trading at $0.52 at 10:27 am ET
Burin Gold (BURG) has mobilized an airborne geophysical survey crew to its Hickey’s Pond – Paradise Gold Project.
The property is located on the Burin Peninsula of Newfoundland.
The Vancouver-based mineral exploration company has hired a firm to conduct a more than 1,600 line-kilometre airborne Versatile Time-Domain Electromagnetic (VTEM) survey.
Personnel are now at the property site and the survey will be ongoing over the next several days, subject to favourable aviation weather.
The company previously completed a VTEM survey over parts of the property in 2019.
“We are serious about moving quickly and generating exploration results right out of the gate of our IPO. This survey will help us define drill targets on the Paradise trend, a 6 km long series of undrilled epithermal gold showings located west of our main Hickey’s Pond trend, will extend our previous survey along strike of the Hickey’s Pond trend, and help us better interpret the geology of the district. We plan to mobilise a drill in early Q1/2022 to start our resource-level drill program at Hickey’s Pond,” said Burin Gold CEO David Clark.
The company announced that a successful IPO and listing on the TSX Venture Exchange on November 22.
The company’s principal asset is its Hickey’s Pond-Paradise Gold Project on the Burin Peninsula, Newfoundland. The project contains the Hickey’s Pond gold prospect.
Burin Gold is down 1.89 per cent, trading at $0.52 at 10:27 am ET.