Janes project mines are made
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Transcript of Janes project mines are made
Nipissing Gabbro East of Sudbury Blue Sky Potential
. With Minimal Downside risk
Bulk Sampling
Known Deposit
Could Generate
Positive Cash Flow
Eagle’s Nest Mineral Reserves & Resources Noront
Tonnes
(000)
Nickel
(%)
Copper
(%) Platinum (gpt)
Palladium
(gpt)
Gold
(gpt) Silver Cobalt
Reserves
Proven 5,264 2.02 1.04 1.01 3.45 0.19
Probable 5,867 1.38 0.72 0.78 2.76 0.18
Total Proven and
Probable 11,131 1.68 0.87 0.89 3.09 0.18
Resources
Inferred 8,966 1.1 1.14 1.16 3.49 0.3
Eagle Mine Reserves & Resources Lundin
Tonnes
(000)
Nickel
(%)
Copper
(%) Platinum (gpt)
Palladium
(gpt)
Gold
(gpt) Silver Cobalt
Reserves
Proven 4.83 3.52 2.94 0.75 0.51 ..29 0.1
Resources
Inferred 0 1.01 0.97 0.26 0.17 0.13 0.03
Eagle 3 Target Based on Assays From DDH Kennoco Hole 8
Tonnes
(000)
Nickel
(%)
Copper
(%) Platinum (gpt)
Palladium
(gpt)
Gold
(gpt) Silver Cobalt
Target 1 5,000 1.53 1.86 0.27 1.3 0.21 5.3 0.1
Bulk Sample Target 32.5 0.35 0.85 0.22 2.2 0.2 2 0.1
Bulk Sample Could Pay for Exploration
Mines are Made Not Found
EXPLORATION MODEL: The Noril’sk Model for Janes Twp
Historical exploration in the Janes Twp. area has tested exposed stratabound style of mineralization to limited depths with a view to defining an open pit resource.
After detailed assessment of historical and current work undertaken , the Noril’sk-Talnakh mining camp is advanced as the best known analogue for the Janes Nipissing magmatic suite.
Rationale for the Janes Property
• Large area with quality mineral showings – highly anomalous concentration of Cu-PGE-Ni showings in the target area
• Size of target – more than adequate lateral extent of known sills given small footprint of these deposits (typically a few hundred metres long)
• Noril’sk model of structurally-controlled and vertically stacked ore deposits and mineralized sills has not been tested – most prior efforts were focused on PGE or on shallow IP-defined drill targets; to our knowledge, no previous explorer has looked for a feeder-related deposit
• Access and infrastructure – within an established mining district
• JV-friendly land owners that negotiated fair terms for an option deal
• Ideal timing to secure land at low cost and favourable terms – low level of exploration activity in recent times other than a paleoplacer-type gold project to the south and east
NORIL’SK-TALNAKH ORE DISTRICT: DEPOSIT CHARACTERISTICS
6
• The ore-hosting intrusion are olivine and plagioclase-rich and are the most Mg-rich rock types in the Siberian flood basalt province.
• These intrusions are not large. Only 10’s kilometers in maximum strike length and
typically only tens to a few hundreds of metres thick. • Ore-hosting intrusions are horizontal but irregular in thickness & referred to as
chonoliths = tube-like or channelized intrusive bodies with rapidly thinning flanks. • Ore-hosting intrusions are differentiated (picrite to dolerite) but not layered. • Ore is associated with taxitic gabbro suggesting a high volatile content in magma.
NORIL’SK-TALNAKH ORE DISTRICT: SETTING
7
50 0
Noril'sk
1000km
Siberian Shield
Noril'sk City
Noril’sk 1
Intrusion
Talnakh-Kharaelakh
Intrusions
Lakes
Intrusions with high grade massive sulphide
Intrusions with disseminated sulphide
Sedimentary rocks
Flood basalt
Faults
NORIL’SK-TALNAKH ORE DISTRICT: MAJOR DEPOSITS
8
SEVERNIJ MINE
SKALISTY MINE
KOMSOMOLSKY MINE
MAYAK MINE
OKTYABR'SKY MINE
Main Kharayelakh Orebody – 1.5 km long
TAIMYR MINE
GLUBOKIJ MINE
Talnakh intrusion (emplaced in upper Permian sedimentary rocks)
Kharayelakh intrusion (emplaced in middle Devonian sedimentary rocks)
Massive orebodies
Mine boundaries
0 4km
(after Czamanske, 1995)
NORIL’SK-TALNAKH ORE DISTRICT: DEPOSITS Komsomol’sky Mine
9
WEST EAST
0 40m
Gabbro-dolerite
Picrite-taxitic gabbro-dolerite
Anhydrite-pyroxene hornfels
Faults
Massive ore
Disseminated ore
Drill holes
P
P
P
P P
P
P
P
P
P
NORIL’SK-TALNAKH ORE DISTRICT: DEPOSIT CHARACTERISTICS
10
• Deposits formed ~250 Ma at the Permian-Triassic boundary and are related to continental rifting and the eruption of the Siberian flood basalt province.
• The deposits rarely outcrop but Noril’sk was found by boulder prospecting. • Deposits include 3 main ore types:
1) massive Ni-rich ores at the base of intrusions or in immediate footwall (sedimentary rocks) – average grades 3-5% Ni, 3-5% Cu, 15-30 g/t PGE;
2) Cu-rich massive sulfide veins – average grades >3% Ni, >20% Cu, >1 oz/t PGE 3) blebby, disseminated sulfide mineralization – ave. grades 0.5-1% Ni, 0.5-1%
Cu, 3-5 g/t PGE
• The Cu-rich ores are believed to have formed by fractionation of a Cu-rich sulfide liquid during crystallization of the Ni-rich massive ores.
• The ore-hosting fault (Kharayelakh fault) is syn-extensional and possibly syn-
magmatic. • The ore-hosting and non ore-hosting intrusions thicken near the ore. The ores
cluster at the thickest parts of the overlying basalt sequence – magmatic centres.
NORIL’SK-TALNAKH – JANES TARGET AREA KEY SIMILARITIES
11
• Similar magmatic geochemistry, strong Cu and PGE tenor in sulphide
• Similar tectonic architecture – voluminous magmatic event within an extensional setting
• Proximity to crustal-scale, long-lasting structure(s)
• Locus of high grade/ high tenor mineralization occurs along rift-parallel or transfer faults (feeder conduits?)
• Evidence of massive Cu sulfides (Rathbun Lake) and other similar ore textures compared to Noril’sk
Janes Property Geology, Structures, Targets
KeResults
Janes Twp. Key Results to Date • Strong similarities to Noril’sk-Talnakh Ni-Cu-PGE mining district, Russia – most
applicable deposit/model • Untested structural targets (Noril’sk model) and no prior focus on high-grade
(conductive) massive sulfides • Recent sampling (July 2014) confirms the high quality of historical occurrences and
the clustering of high-tenor and good grade Cu-PGE-Ni mineralization in Nipissing intrusions along modeled magma feeder structures
• Land position allows access to critical structural targets via a combination of staking of crown land and option deals with selected claim holders
• Ideal location in terms of road/rail infrastructure and mining friendly jurisdiction with highly-skilled workforce
• ‘Manageable’ dimensions • A land position allowing for testing all of the main structural targets can be quickly
assembled • Area is amenable to year-round drilling and geology/geochemistry/geophysical
surveying
Recent Airborne EM Survey Produced Several Prospective Targets
Priority areas for follow up work
• Plan to finance with Flow though and common stock offerings.
• When Mining, Dividends are a possibility • Plans to stay private to reduce regulatory costs
Janes Twp. Target: Near surface, medium grade Cu-Ni-PGE deposit with high-grade Cu-Ni-PGE at depth Economic Potential: Open Pit – Drilling to date has outlined three zones of near surface mineralization over a strike length of 500 meters. Best drill results: 0.85% Cu, 0.28% Ni and 2.95 g PGM/t over 15 meters and 1.14% Cu, 0.89% Ni and 8.19 g PGM/t over 3 meters. Underground - Previous drilling has intersected high-grade mineralization that could be potentially economic by underground mining methods. Best drill results: 1.86% Cu, 1.51% Ni, and 1.78 g PGM/t over 7.9 meters and 11.08% Cu, 0.60% Ni, and 1.14 g PGM/t over 0.30 meters.
Trench 1 Janes Property Area for Proposed Bulk Sample
Table 7 – Calculated average assays for selected drilled mineralized intervals.
Hole No. From
(m)
To
(m)
Interval
(m)
Cu (%) Ni (%) Pd (g/mt) Au (g/mt) Pt (g/mt)
JR99-01 incl.
35.00 40.13
50.05 47.11
15.05 6.98
0.85 1.34
0.28 0.24
2.282 3.038
0.195 0.116
0.333 0.386
JR99-02 incl.
6.87 9.92
11.00 10.56
4.13 0.64
1.21 3.37
0.58 1.66
1.710 3.989
0.180 0.362
0.389 0.893
JR99-03 0.00 8.68 8.68 0.69 0.44 3.716 0.268 0.462
JR99-05 2.75 9.57 6.82 0.19 0.09 0.772 0.081 0.121
JR99-06 incl.
9.90 19.76
23.91 22.16
14.01 2.40
0.84 0.87
0.35 0.47
2.084 3.631
0.292 0.334
0.331 0.490
JR99-07 222.82 223.41 0.59 0.21 0.36 0.541 0.028 0
JR99-08 35.83 38.59 2.76 0.29 0.22 4.491 0.173 0.713
JR99-09 2.46 7.85 5.39 0.54 0.21 0.339 0.146 0.093
JR99-11 32.52 48.68 16.16 0.64 0.27 1.633 0.234 0.286
JR99-14 68.45 78.20 9.75 0.40 0.19 1.183 0.180 0.199
JR99-15 60.00 78.50 18.50 0.26 0.12 0.315 0.097 0.084
JR99-16 31.77 37.50 5.73 0.50 0.20 1.602 0.126 0.228
JR99-19 132.65 132.9 0.30 11.08 0.60 0.706 0.074 0.360
Trench 4 Janes Property
Drill hole 19
• Chargeability iso-surface showing chargeable feature north of JR07-36 and northeast of JR99-19.
DOWN THE HOLE I.P. COMPLETED 2007
Major aeromagnetic and gravity anomalies are present along a trajectory between Englehart, Temagami, Wanapetei, Sudbury, and
Manitoulin Island.
• $ 1,000,000 SPENT TO DATE
• FORTY DRILL HOLES COMPLETED SINCE 1998
• START PROCESS TO BRING KEY CLAIM TO LEASE
• PLANNED BULK SAMPLE ONCE PERMITS IN PLACE
Janes
Janes Project Within 100 km of 2 smelters and mill
Mining friendly Area Low Acquisition Cost