The Property, comprising 5,894 hectares, is located 70 km west of the
The Star Lake Ni-Cu-Co-Cr-PGE Property:
Highlighting the opportunity on the Property is an extensive cluster of strongly anomalous nickel, copper, cobalt, chrome, platinum and palladium in glacial till values, delineated by an
Such geochemical anomalies are closely related to mafic and ultramafic rocks and several EM anomalies occur along stratigraphic trend as well. Mapped lithologies include peridotite, pyroxenite and gabbro flows and sill-like bodies, similar to the host rocks at the neighbouring
In addition to the Ni-Cu-Co-PGE potential of the Property, there is excellent potential for the discovery of orogenic gold deposits as well. Historic geochemical work completed by Mingold in the 1980's, delineated an area in the SW part of the
A fall exploration program of detailed glacial till sampling will be completed by the Company to better define the size, shape and strength of the Ni-Cu-Co-PGE and Au-As-Sb-Pb-Zn geochemical anomalies in preparation for later diamond drilling. The detailed till sampling program will also be accompanied by a VTEM airborne geophysical survey (magnetics and EM) to assist in drill target selection.
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Forward Looking Statements
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including with respect to the completion of all aspects of the acquisition including completion of the share issuance, payments and work expenditures. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
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