|By Marketwired .||
|September 13, 2013 08:17 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/14/13 -- Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce the receipt of an interpretation report from a ground survey performed on the Whitford Lake Uranium Project in the eastern Athabasca Basin. Data acquisition, inversion, and composite modeling were carried out by Discovery Int'l Geophysics Inc. A total of 8.0 km of DC/IP resistivity data were collected over four survey lines on the Whitford Grid. This data was used to produce three separate inversions per line of the different array data and to generate 3D images of anomalously low resistivity zones. Advanced inversion techniques were used to interpret the data in an attempt to refine and explain the response.
The resulting interpretation identified a moderate low-resistivity feature located at 200 m depth increasing to 340 m depth towards the east. While no associated airborne EM conductors have been mapped over the Whitford Lake property, a conductor trend was observed on adjoining claims to the west and northwest, which may indicate a fault zone that appears to cut across the northwest corner of the property, close to the location of the modeled low resistivity zone in the overlying sandstone units. The resulting models show resistivity's ranging from 1700 ohm-m to 2200 ohm-m, which is moderately higher than the typical resistivity's found in alteration zones in the Athabasca Basin. The moderately higher resistivity could be due to increased silica content but further exploration work is required to assess this interpretation. The report recommended that the anomalous low resistivity zone in the northwest corner of the property be drill tested to a depth of 300m to determine if the area has undergone alteration.
The Company is very pleased with the results of the survey and is in the process of developing corporate strategies that would facilitate the exploration of the Whitford Lake Project.
Dennis V. Woods, Ph.D., B.Eng. is responsible for the geological content in this release.
Sincerely on behalf of the Board of Directors,
Arni Johannson, CEO & Chair, Lions Gate Metals Inc.
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Lions Gate Metals Inc.
Exec VP of Lions Gate Metals