AmmPower Corp (CSE: AMMP) this morning announced that it will be soon interpreting magnetic surveys conducted over its Whabouchi South property. The firm is currently in search of lithium bearing pegmatite on the property, with the survey expected to reveal mineralization in the region.
The survey is being conducted as a means of identifying major regional structures on the property, as well as possible extensions of intrusives which may be hidden under cover on the surface. The program is being utilized as a means of defining targets suitable for follow-up drilling.
The magnetic survey itself was recently completed via helicopter, with the firm having its contractor survey the property at a 25 metre line spacing. Preliminary results indicate a small magnetic mafic/ultramafic intrusion exists in the centre of the property, while a dyke or thin basaltic layers may be located on the north end of the property. A total of 566 line kilometres were flown in connection with the geophysical survey.
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The data is to now undergo deeper interpretation by Paterson, Grant & Watson Limited.
Ammpower Corp last traded at $1.07 on the CSE.
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