Nikos Explorations Ltd. is pleased to announce the results of a very low frequency - electromagnetic (VLF) survey recently completed at the Borden Lake Extension Project near Chapleau, Ontario. The VLF survey followed up on conductors found during an initial test survey earlier this year and tested for extensions to the southeast on recently acquired ground.
Seven VLF anomalies were outlined over the survey area most of which have a northwest-southeast trend sub-parallel to the orientation of previously identified magnetic and topographic lineaments in the area (see attached Figure and maps at http://nikosexplorations.com/projects/borden_lake/). Of particular interest is the moderate-strong Anomaly A that stretches over 2.6km. Anomalies B and C to the southwest of Anomaly A also show a moderate to strong response over 1km, between lines 9.5E and 19.5E, suggesting that this area should be prioritized for follow up.
The survey was carried out along lines oriented northeast-southwest to identify extensions of conductive horizons associated with the known northwest-southeast trending lineaments. A total of 25 line kilometres of VLF-EM was carried out on lines oriented at 020° at a spacing of 200m with readings taken at 20m station intervals along the lines. At each station, both Cutler, Maine (NAA-24.0 Hz) and La Moure, N. Dakota (NML -25.2 Hz) transmitter stations were read using a Geonics VLF-Em-16 receiver.
"We are excited about the latest results from our Borden Lake Extension Project, especially given the proximity to Probe Mines' Borden Lake Deposit that continues to expand to the southeast," said President Roger Moss. "These anomalies will be followed up in 2015 with the aim of generating drill targets."
Due to the continued success of our exploration programs Nikos has acquired an additional block of five claims covering just over nine square kilometres, to fill in the south east quadrant of the property. The claims were acquired for staking costs and will be incorporated into the option agreement announced in news release dated May 22, 2014. The acquisition of the additional claims brings the total project area to approximately 36 square kilometres.
Source: http://www.nikosexplorations.com/