Cloudbreak Discovery Plc's (LSE:CDL) said its contractor Precision GeoSurveys has completed a high-resolution helicopter-borne magnetic survey over the company’s Northern Treasure project, in British Columbia.
The survey comprised 3,133 kilometres covering the entirety of the two claim blocks.
It identified several prominent structures and the survey results will provide valuable information enabling Cloudbreak to understand the geologic story of the property and delineate targets, the company said in a statement.
Cloudbreak said it now intends to follow up the survey in the field next year with a programme of mapping, prospecting and soil sampling.
"The high detail of this survey has highlighted some structures that are coincident with minfile occurrences,” said Cloudbreak chief executive Kyler Hardy in the statement.
“We are looking forward to refining the interpretation and getting back out on the project next year. The regional mineralization and historic showings both on the property and along the geologic trends are what initially attracted us to the property," he added.
The Northern Treasure Project is located approximately 100 kilometres south of Atlin. It comprises two claims spanning a total of 29,580 hectares. The area is deemed to be favourable to host porphyry, volcanic massive sulphide (VMS), high-sulphidation and stockwork vein and sediment-hosted deposit types according to Cloudbreak.