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.
1. Magmatic Ni-Cu-PGE
- 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)
- 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
- 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