Generation Mining Receives Permit for MT Survey on Darnley Bay Anomaly

Generation Mining (CSE:GENM) has announced the receipt of a land use permit from the Inuvialuit Land Administration, which will allow the company to perform geophysical surveys on the company’s Darnley Bay, Northwest Territories property.

The company received the Permit on June 11th, 2018 and expects to commence its field exploration work by the middle of July.

As quoted in the press release:

The company is following up on the successful magnetotelluric (MT) geophysical survey completed by the government of Canada in 2015 from their GEM program and interpreted by the company’s consultants. The government’s 10-station survey on the property had identified a MT anomaly 800 metres from surface coincident with gravity and magnetic highs. The company is planning to conduct a large ground 100-site MT station survey over a 40 x 50 km area blanketing the Darnley Bay geophysical anomaly, which covers most of the strongest land-based gravity anomaly in the world.

The company has engaged Quantec Geoscience of Toronto, Canada, a world leader in magnetotellurics and non-seismic deep earth imaging geophysical technology and interpretation, to perform the work.

According to the company base metals deposits are located using this technology.

Click here for the full Generation Mining (NSE:GENM) press release.