Snowy Owl Gold Corp. Chairman David Patterson – RICH TV LIVE – May 12, 2021
Snowy Owl Gold Corp. (CSE: SNOW) (FSE: 84L) is featured on Rich TV Live and David Patterson is pleased to report that Geologica Groupe-Counseil (Geologica), of Val d’Or, Quebec, has completed a geoscientific compilation on the Company’s 100% owned Panache Gold Project (the “Property”), located in the Urban-Barry Greenstone Belt, Quebec, Canada.
The geoscientific compilation was successful in identifying several prospective areas in which to focus exploration efforts. The highlights of the geoscientific compilation are summarized below.
Panache Property Summary
As shown on the Figure 1 Compilation Map, the 12 claim, 676.74 hectare, Panache Gold Project is underlain by the same Urban-Barry Greenstone Belt geology which hosts the numerous Osisko Mining and Bonterra Resources’ gold showings immediately surrounding the Property. Geophysically, within the Property the Urban-Barry formation displays several electromagnetic INPUT anomalies and high magnetic axis. In the southern half of the Property, a structural contact between the Urban-Barry Greenstone and a granitic pluton may be associated with a favourable metamorphic halo which could host altered fracture and mineralized zones. A fault is mapped in the northern portion of the property which may also represent a structural exploration target.
Very little exploration work has been done on the Property, in 1989 a small-scale mapping and outcrop sampling program was conducted in the northern portion of the property. A single grab sample from this program retuned 10 ppb Au, and mapping revealed the presence of intermediate to mafic volcano-sedimentary rock containing quartz-carbonate vein and veinlet hosted pyrite, and cherty bands (exhalite) with 1-2% pyrite.
The Property is located in the Quebec’s Eeyou Istchee James Bay Region, approximately 100 km east of the town of Lebel-sur-Quevillon (Figure 2), it is easily accessible year-round via a network of logging roads.
“The Snowy team is looking forward to getting boots on the ground of our Quebec gold assets this year, and we are excited about the Company’s recent listing on the Frankfurt Stock Exchange,” stated Raymond Wladichuk, CEO.
About Snowy Owl Gold Corp.
Snowy Owl Gold Corp. is a mineral exploration company focused on acquiring, exploring, and developing gold projects in Quebec, Canada. The Company has 100% interest in the Panache Gold Project, which consists of 12 map designated claims (“CDC”) covering a total of 676 hectares, and the Golden Eagle Property, which consists of 161 map designated claims (“CDC”) covering a total of 8,887.65 hectares (88.87 km2), Both projects are within the Abitibi region located in Quebec, Canada.
Additional information on Snowy Owl Gold Corp. is available at www.snowyowlgold.com