Playfair Mining Ltd (PLY-TSX.V) has begun a new era of modern exploration of a historic mining district in Norway.The RostvangenKvikne-Vakkerlien Project (RKV Project) covers 2 past-producing Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. Playfair has signed an Option and Exploration Agreement with EMX Royalty Corporation (EMX-TSX.V) to acquire a 100% interest in EMX’s contiguous Rostvangen and Vakkerlien properties in South Central Norway. Together the properties cover almost 300 square kilometers in a historic mining area about 100km south of Trondheim by road.
Playfair has contracted Albert Mining Inc (AIIM-TSX.V) who own 100% of a proprietary software package called CARDS (Computer-Aided Resources Detection System), a state-of-the-art computer system used to identify areas with a high statistical similarity to known mineral deposits in the area. Albert has already completed compiling a geo-referenced database from the large existing amount of geological and geophysical data available from the Geological Survey of Norway (NGU) covering the project area. Using a resolution of 40 metres the database contains 180,720 data points.
Albert is now building two models, the first: a VMS Cu & Zn model that includes 39 Positive Cu & Zn Training Points (Cu & Zn above 5000 ppm) from the Kvikne & Rostvangen deposits and the second: a magmatic Ni & Cu model that includes 80 Positive Ni & Cu Training Points (Ni & Cu above 5000 ppm) from the Vakkerlien deposit. Complex algorithms will then be generated to describe the characteristics of the Positive Training Points and these algorithms will then be used to evaluate all cells for similarity to the Positive Training Points for each model. A total of 414 variables comprising primary, derivative and neighboring variables are used for each data point.
Playfair will select targets from Albert’s CARDS results for the next phase of exploration.
The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD “D. Neil Briggs” D. Neil Briggs, Director
Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain “forward-looking” statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein
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