EGR Exploration Ltd. (TSX-V:EGR) announced that it has begun its summer outcrop and prospecting program along with the completion of the airborne magnetic interpretation for drill targeting on the Detour West Gold Property in northern Ontario.
The gold-focused exploration company said the prospecting program intends to target a number of potential outcrops that were identified from previously collected light detection and ranging (LiDAR) data.
"The summer prospecting program will investigate a number of potential outcrops on the property, which will add to our geological understanding," EGR Exploration CEO Daniel Rodriguez said in a statement.
"I am excited about this next phase of EGR’s journey as we prepare for winter drilling and we continue our process towards making a discovery," he added.
EGR also noted that due to the sparse outcrop within the project area, the program will aid in targeting the upcoming glacial till and top of bedrock sampling reverse circulation (RC) drill program.
It added that interpretation of the magnetics data shows the Sunday Lake Deformation Zone (SLDZ) and Lower Detour Deformation Zone (LDDZ) continuing onto, and transecting, the property.
EGR’s team has identified numerous targets and areas of interest that have the potential to host orogenic gold mineralization and merit further exploration, according to the company.
As well, EGR reported that it has been approved to receive up to $200,000 in funding from the Ontario government under the Ontario Junior Exploration Program Grant (OJEP) program, which will be allocated for the airborne magnetics survey, interpretive work, and current summer prospecting programs.
EGR Exploration is exploring for gold in the Detour-Fenelon Gold Trend, about 300 kilometres (km) north of Timmins, Ontario. The company’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 km from the mine.
Contact Sean at sean@proactiveinvestors.com