EGR Exploration Commences Airborne Magnetic Survey at Detour West Gold Project, Ontario
Vancouver, April 13, 2023 - EGR Exploration Ltd. (TSX-V:EGR) ("EGR" or the "Company") is pleased to announce that the Company has commenced a high resolution airborne magnetic survey ("the Mag Survey") over its flagship Detour West Gold Project.
EGR contracted Precision GeoSurveys Inc. to carry out an airborne magnetic survey totaling 4,620 line kilometres on a line spacing of 75 metres at the Detour West Gold Project. The Survey will cover approximately two thirds of the property investigating the extensions of the Sunday Lake (SLDZ), Massicotte (MDZ) and Lower Detour Lake (LLDZ) deformation zones known to be associated with gold mineralization along the Detour-Fenelon trend including the Detour Lake Mine. Data obtained from this airborne magnetic survey will provide a superior and consistent dataset that will form the basis for target refinement of future till and top of bedrock sampling and reverse circulation (RC) drill programs.
Daniel Rodriguez, CEO and Director, comments: "We are excited to begin rolling out our exploration plan. This Mag Survey is the first step in target preparation for our RC drill program. It will ensure we are as prepared as we can be prior to drilling. This is a large property with exceptional potential. I am looking forward to reviewing the data with the EGR Technical team and releasing results to our shareholders and the market."
The survey is expected to be concluded with all data collection completed over the coming weeks. Data analysis will follow and interpretation announced when ready.
The technical information contained in this news release has been approved by Brian Atkinson, P.Geo. who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About EGR Exploration Ltd.
EGR Exploration Ltd. is exploring for gold in the Detour-Fenelon Gold Trend approximately 300 kilometres north of Timmins, Ontario. EGR's 40,255 hectare Detour West gold project is contiguous to Agnico Eagle's property which contains the Detour Lake Gold Mine and is approximately 20 kilometres from the mine, which is also hosted in the Abitibi Greenstone Belt.
For further information contact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@egrexploration.com
Forward?Looking Statement (Safe Harbor Statement): This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals. Management has provided the above summary of risks and assumptions related to forward-looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Neither the 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.
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