Airborne Geophysical Survey Over Underexplored Western Permits, Republic of Cyprus
Northern Lion Gold Corp. wishes to announce the commencement of the airborne geophysical survey covering the Company’s western permits in the Republic of Cyprus. The Company has contracted Geotech Airborne Malta, Limited (“Geotech”) to carry out a helicopter-borne Versatile Time-Domain Electromagnetic (“VTEM“) geophysical survey at 100 metre line spacing for a total of 850 line kilometres and will cover 80 square kilometres.
The western permits airborne geophysical survey will encompass a strike length of 18 kilometres of favourable geology on the westside of the Troodos Ophiolite Complex. The Limini mine at the north end of the belt is a past producer and was one of the country’s largest volcanogenic massive sulphide bodies.
John Lando, President and CEO states, “The commencement of the airborne geophysical survey represents a key catalyst because no company has ever flown an airborne of this calibre over the western permits.” The vast majority of the known deposits within Cyprus were exposed at surface and are hosted by the Upper and Lower Pillow Lava series. It is believed that additional deposits exist along the underexplored western portion of the complex. These would have no surface expression but may be amenable to modern airborne geophysical detection, which has never been attempted in this region.
The Geotech B-field VTEM Time Domain EM System is an industry leader in the field of airborne EM surveys and provides excellent depth penetration and spatial resolution of anomalies. Further processing of the data will be undertaken by an independent consulting firm specializing in airborne data.
During the 2010 and 2011 surface exploration programs the Company has carried out widespread reconnaissance soil sampling along with prospecting and mapping of the western permits. It is believed that in conjunction with the regional soil geochemical surveys, mapping programs, prospecting and rock sampling that the airborne survey will develop additional drill targets.