Vancouver, BC, October 10, 2017 - Roughrider Exploration Limited (TSX.V: REL) ("Roughrider") and Kivalliq Energy Corporation (TSX.V: KIV) ("Kivalliq") today announced the completion of a 1,223 line-kilometre helicopter-borne electromagnetic survey at the Genesis uranium project in northeast Saskatchewan. Geotech Ltd. of Aurora, Ontario was contracted to fly the survey using their ZTEMTM system, with in3D Geoscience Inc. providing independent QA/QC during data acquisition.
The Genesis property ZTEMTM survey was divided into four separate grids providing additional geophysical coverage over the Jurgen, Kingston, Johnston/GAP and Daniels Bay priority target areas; including select gravity targets identified by a FALCON gradiometer survey flown in 2016 (see news release August 23, 2016). Flight lines were flown at 200 or 250 metre spacings. The survey was completed between September 29 and October 5, 2017.
"We are confident the new ZTEMTM data will enable Roughrider and Kivalliq to continue advancing our drill target selections. We look forward to integrating the new ZTEMTM results with the multiple coincident data-sets we have developed since 2014 at Genesis to outline the four prospective target areas within the Precambrian basement rocks of the Western Wollaston-Mudjatic Transition Zone." said David Tupper, Vice-President of Exploration.
ZTEMTM is a low-noise, airborne electromagnetic system that produces reliable deep investigation and precision using natural, horizontal planar fields of the Earth as the source of transmitted energy. Vertical fields, the result of variations in the horizontal signal caused by conductivity contrasts, are mapped using a proprietary receiver design combined with modern digital electronics and signal processing. ZTEMTM operates at a low frequency, providing up to 1,500 metres of depth penetration through conductive cover, and having between 8 to 10 metres spatial resolution with good resistivity discrimination and sensitivity.
David Tupper, P. Geo. is a qualified person within the context of National Instrument 43-101, and has read and approved the technical aspects of this release.
About Roughrider Exploration Limited
Roughrider is a Vancouver-based mineral exploration and development company operating principally in Canada and the US that has an experienced management team with a strong background in the acquisition, exploration, and development of mineral projects.
For further information, please refer to Roughrider's website at www.roughriderexploration.com or contact:
Chief Executive Officer
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Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the company, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. 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. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: completion of due diligence in respect of the Property, receipt of requisite corporate and regulatory approvals and closing of the transactions discussed above, fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.