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92 Resources set for helicopter survey at Pontax property

Last updated: 01:07 27 Mar 2018 AEDT, First published: 19:07 26 Mar 2018 AEDT

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The survey will be done by helicopter and is expected to take four days

Energy metals focused firm 92 Resources Corp (CVE:NTY) has pulled the trigger to begin an airborne magnetic survey at the Pontax property in the James Bay region of Quebec, which is expected to take four days.

Prospectair Geosurveys will carry out the work via helicopter over all four claim blocks in a bid to further define prospective pegmatite trends along with any gold targets.

With a tight 60 m (meter) line-spacing, a total of 1,805 line-km is planned to be completed.

Pontax covers the southwestern portions of a 100km long  area of meta-volcanics, considered to be part of the Eastmain River volcanic belt.

In addition to spodumene-bearing pegmatites, it is also considered prospective for gold.

The region is host to numerous gold occurrences, but only limited exploration has been completed at Pontax.

The property consists of 104 claims, totalling 5,536 hectares (ha), spread over four claim blocks, which are close to eachother.

It is between five and 30km from, and on trend, with Stria Lithium's Pontax lithium project where  intersections of 0.97% lithium over 21m, including 1.43% lithiumover 13 m, have been returned from a spodumene-bearing pegmatite swarm.

Shares are flat at C$0.085.

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