Adelayde Exploration Inc. (CSE:ADDY, OTC:SPMTF, FRA:V5H), the mineral exploration company, has identified multiple untested drill targets across its 100%-owned George Lake South antimony project in New Brunswick.
The new targets follow an airborne total magnetic intensity survey, which measures variations in Earth's magnetic field, alongside three-dimensional computer modeling conducted by independent consultants, Geoscience North.
The geophysical work revealed several discrete magnetic anomalies that appear to share a geophysical signature similar to that of the adjacent historic Lake George antimony, tungsten, molybdenum, and gold mine.
Three-dimensional magnetic vector inversion modeling confirmed that these magnetic sources are real, near-surface geological features rather than survey errors.
The exploration targets sit along the Magaguadavic Fault structural corridor and within the contact metamorphic aureole of the Pokiok Batholith, a geological setting associated with regional antimony mineralization.
None of the newly identified magnetic anomalies on the property have previously undergone exploratory drilling.
James Nelson, the president of Adelayde Exploration, stated that the dataset provides the company with a clear view beneath the ground and reveals previously unknown exploration targets.
The company is now designing a detailed follow-up exploration program and intends to begin drilling the high-priority targets as soon as possible.
The George Lake South project is located in York County immediately southeast of the historic Lake George mine, which operated intermittently starting in the early 20th century.
Company management noted that historic production and findings on nearby properties do not guarantee the presence of commercial mineralization on its own ground.