30/04/21
The company are delighted that James M Franklin PhD FRSC, P Geo has agreed to join the company in a special advisory capacity.
Jim is a board member of three companies (Ur Energy, Nuinsco Ltd., and Gold79Mines), and has been involved for them in the development of base metal, gold and uranium resources. For these and other companies that he advises he has been recently active in the Ring of Fire, Sturgeon Lake, Nevada, Wyoming and Mexico.
Jim is a Fellow of the Royal Society of Canada, a Fellow of Lakehead University, an Adjunct Professor at several Ontario Universities, and a Past President of both the Geological Association of Canada and the Society of Economic Geologists. In January 2019, he was inducted into the Canadian Mining Hall of Fame and has published over 200 papers and book chapters, and innumerable abstracts.
His passion is exactly what the company represent, continuing work towards the discovery of more new mines throughout the world, with a focus on geochemical and alteration aspects of base metal, silver and gold-rich volcanogenic massive sulfide deposits.
Ryan Mee, co-founder & Director commented – Jim has also previously worked on the Kellyn project, which the company acquired in April. This really is an exciting development bringing not only revered experience and expertise but also past knowledge of previous exploration. He is a fantastic addition to the team and also brings with him a fantastic network of esteemed colleagues which the company can exploit. Work is already underway to advance the assets and look at further possibilities.
22/04/21
The company are excited to announce the agreement to acquire the Jackfish Lake & Kellyn (JFK) properties comprising 206 mining claims in the Schreiber-Hemlo greenstone belt.
Historic records for the Kellyn area confirm the presence of copper, gold, silver and also an unusual range of anomalous elements such as rare earths, molybdenum, barium and mercury which is suggestive of a porphyry or Hemlo-style occurrence. There is also a similarly unusual suite of anomalous elements in a soil anomaly to the northern part which marks this out as a target for follow-up exploration, including drilling. It is evident that previous exploration activities did not take in to account the type of deposit that may be present and a renewed focus would help to develop the properties.
The Jack Fish Lake area is not as well explored however there are a number of gold showings which appear to be within a trend and range up to 48.9g/t Au. VLF surveys of the area suggest that there are additional trends to follow up.
We cannot wait to get to work.”
22/03/21
The company are extremely pleased to announce the acquisition of Syenite Lake, Beavertrap Lake and Carrib Creek properties, increasing the companies land holding by 232 claim cells (approx. 56km2) in Ontario.
Ryan Mee (Director & Co-founder) commented “these acquisitions firmly establish the footprint of the company in Ontario. The geophysics of the properties are very interesting as they all seem to have similar geology and settings to the immediate neighbouring properties.
Syenite appears to be an extension to Cu-Ni-PGM zone of Transition Metals Maude Lake property and is also just 1,200 meters from Panther Metals high grade Little Bear gold mine. Not only this but the property also has three high priority exploration targets mapped by the OGS that are yet to be explored and a fault line which runs through up from Little Bear through the property. The company feel Syenite has fantastic potential.
The Beavertrap Lake and Carib Creek properties are situated in the Winston Lake Greenstone Belt (WLGB) and are surrounded by a host of activity. Beaver Trap is adjacent to Superior Lakes Zinc project which is subject to disposal to CROPS Inc for A$16.5m, which includes stakeholders affiliated to the Sprott Group. CROP Inc are simultaneously raising A$3,3m to expand the current high grade resource along with the intention to put the historic Winston Lake mine into production. This is an exciting development in the area bringing big players and funding. The southern extension of Beavertrap is just 600 meters from the Pick Lake Mine and there is similar EM anomaly in the southern section of the property to Pick Lake. To the north of the property Golden Share Resources have drilled an EM anomaly and are awaiting assay results. The northern section of the property appears to have similar EM anomalies to those within the Golden Share Resources property. Carib creek is immediately north of CBLT’s Coco gold project and east of Golden share resources with many gold samples nearby. Geophysically both properties are extremely exciting with possible run through and breakaway formations from the WLGB.”
11/03/21
Acquisition of Dog Lake – We are delighted to announce our first acquisition being 154 contiguous claim cells known as ‘Dog Lake’ within the Michipicoten (“Wawa”) greenstone belt, Ontario.
Ryan Mee (Director & Co-founder) commented “this is an exciting development for the company acquiring its first asset. Dog Lake is within the Wawa greenstone belt which is a significant producer with one of Canada’s highest grade and lowest cost gold mines, the Island Gold mine at 3.2m oz Au. The belt also hosts the large Magino gold project at 2.2m oz Au and they are within 30km proximity of Dog Lake.
At the moment there is a lot of mining activity on the belt with Argonaut Resources making the decision to move the Magino project to construction in February this year and drill programs increasing the resource estimate at Alamos, but generally the belt is underexplored with modern mining methods. The Dog Lake property is also relatively underexplored, however there are some historic gold showings up to 5.2g/t and we believe the geophysical makeup suggests at least one of them could be significant.
There is also an interesting road-side outcrop copper sample of almost 3500ppm that we intend to follow up. We believe that interest in this area is set to increase and note that there are recently staked claims that abut Dog Lake by an operator new to Ontario which we feel is an exciting development.
This acquisition marks the beginning of the company building a strong asset base focused on value generation within base and energy metals.”