Playfair Mining has acquired additional mineral licenses to increase its land package by 30 km2 to almost 330 km2 at the RKV property in Norway.
A preliminary review of the recently completed Mobile Metal Ion (MMI) survey has focused exploration. Follow-up field work, including additional grid and detailed MMI sampling, has begun to further define current drill targets in anticipation of a winter drill program. Playfair has applied for drill permits.
A total of 1050 samples were collected in 24 grids selected by the CARDS datamining and pattern recognition process. Each sample was analyzed for 53 elements. All analytical results have been received. A full interpretation of the MMI survey is in progress and will be reported upon completion.
The Rostvangen-Kvikne-Vakkerlien Project (RKV Project) covers 2 past-producing Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. Playfair has signed an Option and Exploration Agreement with EMX Royalty Corporation (EMX-TSX.V) to acquire a 100% interest in EMX’s contiguous Rostvangen and Vakkerlien properties in South Central Norway. Together the properties cover almost 330 km2 in a historic mining area about 100 km south of Trondheim by road.
MMI geochemistry is a proven advanced geochemical exploration technique known to find mineral deposits. SGS Canada Inc. (“SGS”) is the sole provider of MMI technology. SGS’s MMI technology is especially well suited to detect buried mineral deposits. At the RKV Project, it measured the mobile metal ions that have been released from any underlying mineralization. These ions travel upward through the soil profile composed of unconsolidated materials such soil, till, sand, etc. Using careful soil sampling strategies, sophisticated chemical ligands and ultra-sensitive instrumentation, SGS can measure the concentration of these ions. The main benefits of an MMI survey are the generation of very few false anomalies. Any anomalies that are identified are sharp and focused directly over their source. The survey has excellent repeatability and low detection limits.
The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
“D. Neil Briggs”
D. Neil Briggs, Director
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