The 95-cell Beavertrap Lake property (approximately 23km2) is hosted in the Winston Lake Greenstone Belt (“WLGB”) within the northern part of the Wawa terrane of the Archean-age Superior province. Access is via the Winston Lake Road, which runs 20 km long and provides easy access to the project area from the town of Schreiber on the north shore of Lake Superior. The property has moderate relief, with fairly dense vegetation cover, as a result of which the project area is quite poorly explored.

The property is located within the WLGB which is characterized by mafic to felsic volcanic and siliciclastic sedimentary rocks, which are collectively intruded by granodiorite and gabbroic rocks. The sequence hosts several volcanogenic massive sulphide (VMS) deposits. The Beavertrap Lake property in part tracks the eastern and northeastern margin of the Winston Lake granite along its contact zone with the volcanic and sedimentary sequence. Magnetic and EM surveying suggests that this marginal zone is more structurally complex than currently mapped.

A cluster of VMS-type mineral deposits and past-producing mines lie within a 1-4km distance from the Beavertrap Lake property. These include:

• Winston Lake, approximately 3.3 Mt at 14.1% Zn and 1.0% Cu.
• Zenith, approximately 180,000 tonnes at 16.6% Zn.
• Pick Lake, 172,956 tonnes at 9.9% Zn and 0.7% Cu.

Mining operations at Winston Lake and Pick Lake ceased in 1998. ASX-listed Superior Lake Resources currently quotes a JORC-compliant Indicated & Inferred Resource of 2.35Mt at 17.7% Zn, 0.9% Cu, 0.38g/t Au and 34g/t Ag for both deposits.

7km to the east of Beavertrap Lake, TSXV-listed CBLT Inc. acquired the Big Duck Lake project covering an altered gold rich porphyry which is reported to be analogous to that hosting the Hemlo gold deposit. Big Duck Lake contains numerous showings including the Coco-Estelle Deposit, which hosts a small, high-grade gold resource. Recent drilling at the project returned a 44m interval of 1.65g/t Au.

The Beavertrap Lake property has been little-explored historically, despite proximity to several worked deposits. From 2011-2012, Silvore Fox Minerals Corp. contracted a helicopter-borne VTEM geophysical survey which covered much of the region. Follow-up field investigation of high priority VTEM anomalies included collection of grab samples but the majority of anomalies were not explained. A number of these anomalies lie within the current Beavertrap Lake property. Particular interest focuses on an untested area of anomalism in the south of the property, similar in tenor to those associated with both Winston Lake and Pick Lake deposits. Other north-northwest trending anomalies appear to align with the margin of the Winston Lake Granite and may represent structural targets on, or near, the granite/greenstone boundary.

Recently, Golden Share Resources carried out prospecting and sampling in the Sandridge-Carib Lake area to the north and northeast of Beavertrap Lake. Several new mineralized showings reporting more than 7% sulfides were identified within an oxidized and silicified horizon associated with a marked airborne geophysical anomaly. Quartz veins and stockworks with up to 20% pyrite on a series of outcrops scattered over a 400m strike length were identified.

The Beavertrap Lake property has undergone significantly less exploration than the Winston-Pick Lake and Big Duck Lake areas. Multiple high priority airborne mag and EM conductors exist within the property that have never been drill tested. The potential for precious metal and base metal discoveries within the property is considered high.

It is worthy to note that Metallum Resources acquired the Pick Lake Mining property with the intent to put it back into production. Further, CBLT is contemplating drilling the Coco deposit this year. This activity will bring renewed interest in the area surrounding the Beavertrap Lake property.