Gold Line Announces Completion of the Phase 1 Uav Magnetic Survey Over Its 100% Owned Oijärvi Gold Project in Finland
Vancouver, BC, Canada – May 26, 2022 – Gold Line Resources Ltd. (TSX-V: GLDL) (“Gold Line” or the “Company”) is pleased to announce that it has completed Phase 1 (of 2) of an unmanned aerial vehicle (UAV) magnetic survey over its 100% owned ~17,600 Hectare Oijärvi Greenstone Belt Project in northern Finland conducted by Radai Oy based in Oulu Finland. The aim of the survey is to collect data in order to map underlying geology and structural architecture over the entire greenstone belt and determine priority target areas for its 2022 exploration programs and beyond.
Highlights – UAV Magnetic Survey of Oijärvi Greenstone Belt
- Adopted because it is faster, more cost-efficient, environmentally friendly, and safer than existing survey techniques.
- Provides dense high-quality data at tight line spacing and low flight elevation
- Completion of 2100 line km phase 1 (of 2) over northern and western portion of Oijärvi belt
Gold Line commissioned Radai Oy, an industry leader in UAV magnetic surveys, to conduct the survey. The Phase 1 survey consisted of 2100 line km over the northern and western portions of the Oijärvi greenstone belt (See Figure 1). The central portion of the belt will be flown in early fall in cooperation with local indigenous groups reindeer calving schedules.
Figure 1: Phase 1 UAV magnetic coverage over the Oijärvi greenstone belt flown in April/May 2022 showing Total Magnetic Intensity (TMI).
UAV aeromagnetic geophysical surveys consist of flying an unmanned drone fitted with a magnetometer measuring the intensity of the geomagnetic field over the ground that it flies to detect local magnetic variations between different geological units and structures.
The Oijärvi greenstone belt has been subjected to at least two recent glaciation events, depositing extensive glacial till cover over the underlying bedrock ranging from zero in the north to >30 m in some areas of the south. The glacial till layer transports and masks the geochemical signal of bedrock hosted mineral deposits and limits direct field observation of geological and structural information.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Benjamin Gelber, M.Sc., P.Geo., a Qualified Person.
About Gold Line Resources Ltd.
Gold Line Resources is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Sweden and Finland. Gold Line is working in two of the world’s top mining jurisdictions and emerging exploration frontiers due to their strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape.
Gold Line currently holds a prospective portfolio of gold exploration projects in Sweden and Finland. In Sweden projects are located in the Gold Line Mineral Belt and Skellefteå Belt of north-central Sweden, and the Mjøsa-Vänern Belt in southwest Sweden. In Finland Gold Line holds the entire underexplored Oijärvi Greenstone Belt located in northern Finland.
On behalf of the Board of Directors of Gold Line Resources,
CEO & Director
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This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Gold Line’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
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