- Snowy Owl (SNOW) announced the company’s geological teams will be returning to its Panache Gold Project in August
- Crews will arrive at the property next month to complete a second phase of grassroots exploration
- The property consists of 12 map designated claims covering a total of 678 hectares within the Abitibi region in Quebec
- The northern two-thirds of the property contains the most favourable geology and will be the focus of this phase of exploration
- Showy Owl is up 12.64 per cent, trading at $0.12 2:35 pm ET
Snowy Owl (SNOW) announced the company’s geological teams will be returning to its Panache Gold Project in August.
Crews will arrive at the property next month to complete a second phase of grassroots exploration.
The Vancouver exploration company has a 100-per-cent interest in the Panache Property, which consists of 12 map-designated claims covering a total of 678 hectares within the Abitibi region in Quebec.
The northern two-thirds of the property contains the most favourable geology and will be the focus of this phase of exploration.
Greenstone rocks are in contact with an igneous intrusion, and a fault and fold are also mapped in the area. The geological features may represent potential hosts for precious metal mineralization.
The company plans on performing biogeochemical and B-horizon soil sampling as well as a geophysical survey.
Once the second phase is complete and the analytical results from the exploration program are received, a NI 43-101 compliant technical report will be commissioned.
Snowy Owl Gold is focused on acquiring, exploring, and developing gold projects in Quebec.
Showy Owl is up 12.64 per cent, trading at $0.12 2:35 pm ET.