Exploration Strategy


Exploration Mission

To add shareholder value through the addition of top-tier nickel-copper-PGE, copper-zinc and gold assets to our resource base which will ultimately feed a pipeline of development projects in the RoF upon construction of the Eagle’s Nest mine. Our exploration focus is, and remains, within the RoF.

Five Year Exploration Plan

Our five-year exploration timeline allows for longer term planning and efficient resource allocation. For each focus commodity a staged approach is utilized moving from compilation and target generation through to exploration & discovery followed by resource delineation.

2016 2017 2018 2019 2020
Ni-Cu-PGEs Exploration & Discovery Resource Delinenation
Cu-Zn VMs Target Generation Exploration & Discovery Resource Delinenation
Gold Compilation Target Generation Exploration & Discovery

Commodity Focus

1. Magmatic Ni-Cu-PGE

Rationale:

  • Represents the highest value per tonne mineralization in the RoF
  • 20Mt global resource at Eagle’s Nest proves robust Ni-Cu-PGE mineralizing systems can occur in the RoF
  • Large volume of ultramafic rocks in the RoF favors dynamic, flow-through intrusive model with small foot-prints to potentially mineralized feeder conduits (hard to find, but worth the search)

2. Cu-Zn Volcanogenic Massive Sulfide (VMS)

Rationale:

  • High-grade Cu and/or Zn mineralization discovered in the north (5.01 occurrence), south (McFaulds deposits) and southwest (Butler occurrences) to date indicates widespread mineralization
  • In two of these three areas above, lithologies are contemporaneous with Ni-Cu-PGE and chromite mineralization, suggesting a larger scale regional metallotect (Muketei Assemblage).
  • Footwall alteration assemblages indicate high-heat flow in the shallow crust
  • Under-explored deposit type given the focus on Ni-Cu-PGE and chromite (circa 2007)

3. Mesothermal Gold

Rationale:

  • Major ductile faults with km-scale offsets observed along southern margin of RoF
  • Drilling of nickel and chromite resources proximal to these faults has inadvertently intersected narrow high-grade gold mineralization (i.e. Triple J zone) associated with sheared and altered ultramafic rocks
  • RoF possesses an abundance of iron-rich reactive host rocks (ferrogabbro, ultramafics and iron formation) which are favorable hosts to gold mineralization
  • Vastly under-explored deposit type given the scarcity of outcrop and challenges of exploring in the muskeg

norontresourceExploration Strategy