VANCOUVER, May 18, 2018 /CNW/ - Intact Gold Corp.
(TSX-V: ITG) (FSE: 1A5) (ITTGF:US) (the "Company" or "Intact
Gold"), is pleased to announce the completion of a UAVMAG™
geophysical survey over the Ortona Gold Project in western
Quebec.
A crew from Pioneer Aerial Surveys carried out the work over the
course of a week, with the aid of an Unmanned Aerial Vehicle (UAV).
The geophysical survey was conducted to test for magnetic anomalies
within the project, associated with contrasts in lithology and/or
structures. The survey highlighted several areas of interest
requiring follow up work.
The survey results will provide insight into structural features
which are prospective for shear zone hosted mineralization known in
the area. Intact Gold is currently utilizing the UAVMAG™ survey to
design their exploration plan going forward.
The Ortona block lies less than 1km North West of the historic
Belleterre mine. The Belleterre
Mine, which is not part of the Belleterre property and never has been,
produced 2,177,400 t @ 10.73 g/t Au and 1.37 g/t Ag from 1936 –
1959.
References
Parvar K. & Wood C., 2018. Technical Report on UAV Magnetic
Surveys Conducted over Ortona Properties
Qualified Person
Terrence Coyle, P.Geo., a
qualified person as defined in NI 43-101, has reviewed and approved
the contents of this press release. The contained information
regarding the resource is historic in nature and has not been
confirmed.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD
CORP.
Per: Anthony Jackson, President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" occur. Forward-looking information in this press release
includes, but is not limited to, statements regarding expectations
of management regarding the acquisition of the Property. Although
the Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. Such
forward-looking information is subject to risks and uncertainties
that may cause actual results, performance or developments to
differ materially from those contained in the statements including,
without limitation, the risks that the Company may not have the
funds necessary to make its payments pursuant to the Agreement,
that the TSX-V may not approve the transaction, and other factors
beyond the control of the Company. Except as required by law, the
Company expressly disclaims any obligation, and does not intend, to
update any forward-looking information in this news release.
The reader is cautioned that a qualified person has not done
sufficient work to classify the historical estimate as current
resources and Intact Gold is not treating the historical estimate
as current mineral resources.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Intact Gold Corp.