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The helicopter airborne magnetic survey will comprise 1,639 line km covering 7,136 ha. and will be flown at a nominal line spacing of 50 m. The height of flight above the ground will be a drape as low as possible, usually between 15 m and 20 m considering topography and vegetation.
Novatem will utilize its ultra-high resolution helicopter system, Novatem G2, using two laser optical pumping sensors providing 1000 measurements per second (1000 Hz) mounted at the front of a Guimbal G2 light helicopter.
The instrumentation will include:
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A “stinger”, mounted at the front of the helicopter, designed and certified by Novatem for the Guimbal G2 helicopter;
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Two very high-resolution laser optically pumped scalar magnetic sensors;
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A real time GNSS multi-frequency receiver for GPS, Glonass, Galileo and BeiDou constellations;
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A compensation system developed by Novatem for the very high resolution, using an inertial unit and a three-component fluxgate magnetometer manufactured by Billingsley and high-performance inversion algorithms for the calculation of coefficients; and
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A “draped” navigation system developed by Novatem, allowing to follow a continuous flight surface, calculated in advance, and thus to minimize the differences at the intersections of flight lines and control lines.
This high-resolution geophysical survey will serve as a base for upcoming compilation of the geology and numerous historical showings as well as cross cutting structural features (Figures 1 and 2). This compilation will provide the Harvest Gold Technical team with the information needed to effectively plan this summer’s prospecting and property wide soil geochemistry survey.
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Figure 1: Location and Geology of
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Figure 2: Gold Showings and Regional Magnetic Map –
The Company has issued the second payment of 2,000,000 common shares (the “Shares”) to Vior Inc. at a deemed price of
The Shares are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the Exchange Hold Period.
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Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees offuture performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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