Adelayde Exploration Inc. has outlined multiple discrete, untested magnetic targets from a newly completed airborne magnetic survey and three-dimensional geophysical inversion at its 100%-owned George Lake South antimony project in York County, New Brunswick.

The high-resolution total magnetic intensity survey, completed and interpreted by independent geoscience consultants Geoscience North, mapped coherent magnetic highs across the property. Subsequent three-dimensional magnetic vector inversion modelling confirmed the sources are near-surface geological features and defined their size, depth, and orientation.

The targets sit along the Magaguadavic Fault trend within the contact metamorphic aureole of the Pokiok Batholith, sharing a geophysical signature with the mineralized system at the adjacent, past-producing Lake George mine. None of the newly identified anomalies have been previously drill-tested.

Adelayde holds a 100% interest in the George Lake South property and previously conducted airborne geophysical survey work across the ground earlier in the year. In addition to George Lake South, the company holds the Sisson North tungsten project in New Brunswick, where Adelayde similarly executed airborne geophysical survey programs earlier in the year.

“This new geophysical dataset gives us, for the first time, a clear picture of what lies beneath our George Lake South ground, and it shows several targets we did not know we had,” said James Nelson, President of Adeylade . “Our Property sits directly along strike from a mine that operated intermittently for decades, and these new targets show similar geophysical fingerprints as the mineralized system there. We see this as a strong basis to plan a focused, cost-effective follow-up on our own ground. We are immediately formulating plans to follow up on this positive news with a more detailed work program with plans to drill as soon as possible.”

— James Nelson, President, Chief Executive Officer and Director

Planning is currently underway for a detailed work program and follow-up drilling to test the anomalies as soon as possible.

Read the full announcement: Adelayde Exploration Identifies Multiple Untested Magnetic Targets on George Lake South Antimony/Tungsten Project Adjacent to Past-Producing Lake George Mine