MONTREAL, QUEBEC--(Marketwired - Jan. 15, 2014) - Synergy Acquisition Corp. (the "Corporation") (CSE:QMP) is pleased to announce a helicopter-borne transient magnetic and electromagnetic type survey to be carried out on its Vendôme Sud property, located on NTS sheet 32C05.
Prospectair Geosurveys of Gatineau, Quebec, has been retained to carry out the 240 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 Vendôme Sud property is in the Abitibi region of northwestern Quebec, about 35 km north of Val-d'Or. It consists of 33 mineral claims covering 1,400 hectares in Fiedmont Township, in the northern part of NTS sheet 32C05. The property is part of the Superior geological province, and more specifically, the Abitibi subprovince. Very locally, the property covers part of the Fiedmont formations (sedimentary rocks), the Landrienne formations (intermediate to mafic volcanics) and the Aurora Group (felsic volcanics).
The property hosts the Canadian Shield mineralized showing discovered in 1992 by Exploration Acabit, which returned 1.37 g/t Au/0.91 m and 1.2 g/t Au /1.52 m in Hole F1-92-1. The property lies on both sides of the Vendôme No. 2 deposit (historical resource of 317,518 t at 0.68% Cu and 0.82% Ni) and immediately south of the Vendôme No. 1 deposit (848,000 t at 7.27% Zn. 0.37% Cu. 42.34 g/t Ag and 1.88 g/t Au), the Barvallée deposit (200,000 t at 5.99 % Zn. 1.13 % Cu. 44.23 g/t Ag. 0.54 g/t Au) and the Belfort deposit (227 000 t at 7% Zn. 0.21% Cu. 20.92 g/t Ag) (Source: MRNF - SIGEOM database). The resources given for each of these zones are considered historical as they are not NI 43-101 compliant.
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 Théberge, 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.