|By Marketwired .||
|January 22, 2014 03:15 PM EST||
MONTREAL, QUEBEC -- (Marketwired) -- 01/22/14 -- Synergy Acquisition Corp. (the "Corporation") (CNSX:QMP) is pleased to announce that a helicopter-borne transient magnetic and electromagnetic type survey is to be carried out on its Massicotte-Est property, located on NTS sheet 32E15 and 32E16.
Prospectair Geosurveys of Gatineau, Quebec, has been retained to carry out the 1.604 line-km geophysical survey on the property. The survey will be acquired by a Eurocopter EC120 type aircraft with a high-definition transient electromagnetic system called ProspecTEM and a Geometrics magnetometer. Flown at low altitude, this configuration will define and characterize the conductive material present to a depth of about 150 m, with excellent spatial resolution. In terms of interpretation of the magnetic data, conductors in the vicinity of the property could potentially be directly associated with disseminated or massive base metal or precious metal sulphide deposits.
The Massicotte-Est property lies about 50 kilometres west of Matagami, in the Abitibi region of Quebec. The property consists of 172 mineral claims in three blocks covering a total of 9,200 hectares. The three blocks are strategically located over more than 45 km along a zone of major gold-bearing deformations known as the Massicotte structure.
The survey results should be available later this spring.
Conductors detected by this survey will be followed-up by prospecting and a soil geochemistry survey prior to drilling of the best targets.
Donald Theberge, Ing., M.B.A., and a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this press release.
Synergy is targeting Quebec's excellent mineral potential to discover new world-class deposits. Synergy is the ideal partner for exploration companies and capital pool companies looking for qualified transaction projects of merit. Synergy intends to enter into various types of agreements on its properties. Management is currently evaluating other growth opportunities in its portfolio of newly acquired mineral properties to enhance shareholder value in the short term.
This press release contains certain forward-looking statements that involve a number of risks and uncertainties, and there can be no assurance that such statements will prove accurate. As a result, actual results and future events could differ materially from those anticipated in such statements. These risks and uncertainties are described in the annual report and in the filings made by the Company with securities regulatory authorities.
The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
President and CEO