TORONTO, CANADA – (May 06, 2015) – COGONOV Inc. ("Cogonov" or the "Company") and Tejas Gold Company (“Tejas”) are pleased to report on recent progress for the Farmington Exploration Project in Nova Scotia.
In January 2015, 412 line Km of airborne VTEM and magnetics were flown by Geotech Ltd. (Geotech) in an area north of Bass River, covering favourable geology that may host both epithermal and massive sulphide mineralization. The VTEM survey identified 2 strong conductive zones as shown in Figure 1. In the northwest portion of the project area, the strong VTEM response corresponds to the Arsenic Brook gold occurrence. To the southeast, a similar anomaly was identified along the boundary of the Portapique River Wilderness area. More discreet targets were also delineated.
Geotech further processed the digital data looking for the Airborne Induced I.P effect (AIIP). This is a proprietary modeling technique recently developed by Geotech that looks specifically for the response of more disseminated mineralization within the project area. The results of this processing were very positive, identifying an additional 12 targets for review in 2015.
Additional data processing will be conducted by Minotaur Exploration Limited (Australia) who will examine the VTEM data and provide both a detailed interpretation of the individual targets in addition to recommendations for ground follow-up.
To complement the airborne results, the historic exploration data was reviewed during the winter, identifying numerous geochemical targets throughout the project area. These will be examined during the course of the field season.
Mr. Gary Lohman, B.Sc., P.Geo., Cogonov COO and a Qualified Person under NI 43-101 has
reviewed and approved the technical portion of this news release.