Lancaster Resources buys Piney Lake Gold Property in Canada
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Historical geochemical samplings of the project mention significant gold showings. Credit: REDPIXEL.PL via Shutterstock.com.
North American critical minerals explorer Lancaster Resources has acquired the Piney Lake Gold Property in Saskatchewan, Canada.
The company acquired the property by staking claims directly in Saskatchewan.
Spanning more than 2,267 hectares (ha), the property is located around 65km east of La Ronge Provincial Park and 2.5km east of North Arrow Minerals’ Pikoo property.
Piney Lake Gold Property is accessible via provincial highways, with connections to Pelican Narrows and Deschambault Lake.
Its location within the Glennie Domain is significant due to the presence of mafic to mafelsic rock, which is conducive to gold mineralisation.
The property’s geological features including basic volcanics and quartz-diorite lithology indicate a high potential for gold deposits.
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This article was originally published by a www.mining-technology.com . Read the Original article here. .