VANCOUVER, BC / ACCESSWIRE / September 28, 2017 / Legion Metals Corp. ("Legion" or the "Company") (CNSX: LEGN) is pleased to provide the following update for its Millen Mountain Property in Nova Scotia (the "Property").
The first phase of the 2017 gold exploration program has been completed on the Property, currently under option to Probe Metals Inc. ("Probe"). A geophysical program (induced polarization, resistivity and ground magnetics) was completed by Matrix GeoTechnologies Ltd. ("Matrix") in September. The objective of the program was to explore the eastern portion of the Property and investigate the strike continuity of geophysical anomalies previously discovered in 2012, approximately 3 km to the southwest. The Millen Mountain Property contains three historical gold occurrences located along an anticlinal structure running through the entire claim block, as described in the 43-101 technical report respecting the Property that is available under the Company's SEDAR profile at www.sedar.com.
Eighteen (18) survey lines were cut and staked over a 1.7 km strike length for a total of 11.3 line km. The IP/resistivity gradient survey array was spaced at 100 metres with 25 metre electrode spacing. Estimated maximum investigation depth was 250-300 metres. Matrix completed eight Pole-Dipole surveys at 25 metres electrode spacing over the most intensive IP/resistivity targets determined by the gradient survey. Additionally, eight 2D Quantitative Sections will also be completed. Ground magnetics were surveyed at 12.5 metres spacing over the entire grid area. The results of the geophysical program are being evaluated to identify prospective initial drill targets on the Property. Drilling is planned in October 2017.
In April 2017, the Company entered into a binding option agreement whereby Probe may earn a 50% interest in the Millen Mountain Property by incurring exploration expenditures of $250,000 by October 2018. To date, Probe has spent approximately $100,000 in exploration expenditures on the Property.
Peter Smith, the Company's President and CEO, commented "we are extremely excited about Millen Mountain's exploration potential, especially considering the recent rush of exploration activity in Nova Scotia generally, and we also feel we are in excellent hands with Probe Metals currently guiding exploration activity."
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Fred Bonner, P. Geo., MASc, MURP, FGC, Chief Geologist of the Company, who is a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About the Company
The Company is a Vancouver-based mineral exploration company currently focused on the exploration and development of its Millen Mountain Property, which is comprised of 80 mineral claims covering approximately 1,280 hectares in Nova Scotia, Canada. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by telephone at 778.999.7030.
ON BEHALF OF THE BOARD
"Peter Smith"
Peter Smith, President and CEO
This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the contents of this press release.
SOURCE: Legion Metals Corp.