Feb 26 2014
Canadian Metals Inc. is pleased to announce that it has completed a combined magnetic and time-domain electromagnetic heliborne survey over its Massicotte-East Property, located 35 km west of Matagami.
The airborne survey outlined several combined magnetic and electromagnetic anomalies that are typically caused by massive sulphide occurrences. Out of these anomalies, 31 base metal targets or groups of targets have been defined for further investigation. Most of these targets are located in under explored areas, with no ground geophysical coverage. 68% of these targets have never been drill tested, and the remaining ones have only been subject to a few sparse exploration drill holes and cannot be considered as fully investigated.
Also, a compressive structural interpretation carried-out based on the high resolution magnetic data acquired with this survey enabled the recognition of possible faults and shear zones which are very similar to known gold bearing structures found in the Property's vicinity. In particular E-W structures identified along the Samson group of gold showings about 2 km north of the Property, as well as along other gold showings to the south-east and north-west of the surveyed block, are found throughout the Massicotte-East Property. Moreover, the Property hosts several structures trending like the WNW-ESE gold bearing structure found in the neighbouring Valmond property to the south, which is currently being extensively worked by Midland Exploration and Donner Metals (Source: Press release by Midland Exploration Inc. dated Jan. 16, 2014). This structure is located 1 km to the south of the Property and actually extends within the Massicotte-East Property to the north-west. Based on these observations, 5 gold exploration target areas have been defined for the Property.
These very encouraging results prompt Canadian Metals to initiate targets follow-up work which will consist in line cutting, geophysical ground surveys and diamond drilling.
The airborne survey was acquired by Prospectair Geosurveys of Gatineau using an Eurocopter's EC120B aircraft towing the ProspecTEM system, a lightweight time-domain electromagnetic system, and a Geometrics magnetometer measuring the total magnetic field. This geophysical configuration flown at low altitude is very cost effective and perfectly adapted to reconnaissance surveys with objectives of measuring ground conductivity to a depth of about 125 m with a very good spatial resolution. The survey covered a total of 172 mineral claims.