northern saskatchewan mineral exploration highlights 2018.pdf · 2018. 12. 3. · total inferred...
TRANSCRIPT
Northern Saskatchewan is a dynamic region with great potential for mineral
exploration. The province is consistently ranked as a top region in the world for
mineral investment from the Fraser Institute annual survey of mining
companies. Our uranium deposits have long been known as among the richest
in the world, and new discoveries are being made in gold, base metals, and oth-
er commodities. The report includes information on many of these
exploration projects.
In this publication we feature public information gleaned from company web
sites and news releases into one convenient package. Our eye on the industry is
Gary Dunn, long known in the Northern Saskatchewan exploration and mining
industry.
Northern Saskatchewan Mineral Exploration
Highlights September 2018
Saskatchewan Government Releases Survey Data and TMEI Details
The Government of Saskatchewan has initiated a strategy to support and increase mineral exploration. The
targeted commodities are: base metals, precious metals, and diamonds. The strategy has two components,
airborne electromagnetic, magnetic, and gravity surveys and the Targeted Mineral Exploration Incentive (TMEI).
The surveys flew four blocks: one in the Saskoba Lake Area near the Manitoba border, one SW of Amisk Lake, one
east of Deschambault Lake and another west of Cumberland House. A map of the survey areas can be found on
page three.
The TMEI offers a rebate of 25 per cent of eligible direct drilling costs, up to an annual maximum of $50,000 per
company on a pro-rated basis.
These initiatives join the Saskatchewan Mineral Exploration Tax Credit in supporting the province’s exploration
sector. The Tax Credit offers a non-refundable 10% tax credit to Saskatchewan taxpayers who invest in eligible
flow-through shares (FTS) issued by mining or exploration companies.
Commodities at a Glance
BASE METALS
There has been increased interest in base metal exploration in the province in September with the release of the
airborne electromagnetic, magnetic and gravity gradient surveys by the Saskatchewan Government
Purepoint Uranium have staked more ground subsequent to the release.
There has been additional claim staking by Searchlight Resources & Eagle Plains Resources in the Creighton Camp
on the Schotts Lake VMS deposit.
In the Brabant area Murchison Minerals released a mineral resource update as well as exploration results on their
Brabant-Mckenzie Project. Additional claims were staked.
Foran Mining released the initial results from 7 holes of their ongoing summer resource definition drilling on the
McIlvenna Bay Project.
RARE EARTHS
Appia Energy Corp released assays of total rare earth oxide ( TREO ) from the Charles Zone on their Alces Lake
Project. Additional channel samples have been delivered to SRC with results pending. Additional claims have been
staked and diamond drilling is currently underway.
DIAMONDS
Star Diamond Corp reports that Rio Tinto Exploration Canada has initiated site preparation for the planned 10 hole
bulk sampling program on the Star Kimberlite.
URANIUM
In the Patterson Lake Area Fission Uranium Corp released assay results from the 9 hole summer program. These
results will be used in the new resource estimate as Fission proceeds to it’s pre-feasibility study ( PFS ) expected
out in Q4, 2018.
Elsewhere in the Athabasca Basin Denison Mines announced results of the preliminary pre-feasibility study ( PFS )
on the Wheeler River Property It is interesting to note that conventional underground longhole mining is proposed
for the Gryphon Deposit whereas in-situ recovery ( ISR ) is proposed for the Phoenix Deposit. Ore would be milled
at Denison’s 22.5% owned McLean Lake Mill.
Saskatchewan Airborne Survey Areas
Source: https://www.nrcan.gc.ca/21426
(LAF) La Ronge, Flin Flon
Eagle Plains Resources Corp
Eagle Plains has acquired by staking the historic Schotts Lake Cu-Zn VMS deposit. The mineralized zone has an average thickness of 20.4m and has been drilled as deep as 266m ( open at depth ).
Grades up to 4.3% Cu over 0.76m and 5.48% Zn over 7.6m are reported.
FORAN MINING CORP
The initial results from 4 holes of the ongoing summer resource definition drilling program include MB-18-209 returning 9.46% Zn, 0.26% Cu, 12.64 g/t Ag and 0.14 g/t Au over 6.06m including 11.83% Zn, 0.33% Cu, 12.23 g/t Ag and 0.19 g/t Au over 2.94m from Zone 2.
MB-18-212 returned 7.88 % Zn, 0.46% Cu, 19.67 g/t Ag and 0.25 g/t Au over 3.55m including 10.59% Zn, 0.52% Cu, 16.04 g/t Ag and 0.27 g/t Au over 1.55m from Zone 2
And 2.25% Cu, 0.49% Zn, 15.64 g/t Ag and 0.43 g/t Au over 7.66m from the copper stockwork zone ( CSZ ).
Three additional holes in the massive sulphide lens in the central part of the deposit include MB-18-217w1 that hit 27m of continuous mineralization including 11.30% Zn, 0.25% Cu, 22.98 g/t Ag and 0.16 g/t Au over 8.19m in Zone 2 and 1.37% Cu, 0.15% Zn, 6.49 g/t Ag and 0.43 g/t Au over 18.72m in CSZ.
Also MB-18-214 hit 9.80% Zn, 0.40% Cu, 11.55 g/t Ag and 0.17 g/t Au over 5.15m from Zone 2 and 1.23 % Cu, 0.08% Zn, 4.72 g/t Ag and 0.11 g/t Au over 29.83m from CSZ.
Murchison Minerals Ltd
The mineral resource update by Finley Bakker Consulting using Minesight/ Hexagon 3D modeling has been completed on the Brabant-McKenzie Project.
Total Indicated Mineral Resources are 2.1 million tonnes @ 7.08% Zn, 0.69% Cu, 0.49% Pb, and 39.60 g/t Ag or 9.98% Zn Eq.
Total Inferred Mineral Resources are 7.6 million tonnes @ 4.45% Zn, 0.57% Cu, 0.19% Pb, and 18.40 g/t Ag or 6.29 % Zn Eq.
Regional summer exploration results include up to 1.44 % Cu, 11.65% Zn, 30.6 g/t Ag and 1.47 g/t Au from the recently located Main Lake showing.
Additional claims have been acquired proximal to the McIvor Channel showing.
Geophysical programs are planned for both target areas for 2019.
(O) Other
Appia Energy Ltd
Appia sampled 14.90 wt % Total Rare Earth Oxide over 5.1m at the Charles Zone on the Alces Lake Project. Other notable results include 9.859 wt % TREO over 3.1m and 7.658 wt % TREO over 4.0m.
Diamond drilling is currently underway.
Samples have been delivered to SRC and results from all zones will be released as they become available.
15 additional claims have been staked surrounding the Alces Lake Property totalling 12,816 ha. The project area has now been expanded to 14,334 ha.
Star Diamond Corp / Rio Tinto Exploration Canada
Star Diamond Corp reports that Rio Tinto Exploration Canada has initiated site preparation and camp establishment for the planned 10 bulk sample holes on the Star Kimberlite.
Fission Uranium Corp
Assay results from the 9 hole summer ddh program include the following. Hole PLS18-588 intersected 76.5m of total composite mineralization including 23.89% U3O8 over 15.5m in 8.21% U3O8 over 50.5m. Hole PLS18-584 intersected 5.66% U3O8 over 42.0 m. Hole PLS18-586 intersected 6.34% U3O8 over 28.7m including 26.03% over 5.5m and 0.79% U3O8 over 17.0m.
These results will move mineral resources from “inferred” to “indicated” and will be used in the pre-feasibility study, expected Q4, 2018.
(SWA) Southwestern Athabasca
(EA) Eastern Athabasca
ALX Uranium Corp
Three holes totalling 1164m drilled @ Newnham Lake encountered low grade uranium mineralization, faulting and hydrothermal alteration deep in the basement.
Denison Mines Corp
Wheeler River To increase interest in Wheeler River Project by acquiring 100% of Cameco’s interest ( expected to be 24% by end of 2018 ).
Denison has released the results of the Preliminary Pre-feasibility Study ( PFS ) on it’s Wheeler River Property ( Gryphon and Phoenix Deposits ).
The Project is estimated to have a mine production of 109.4 million pounds U3O8 over a 14 year mine life utilizing an underground longhole mining approach with processing at Denison’s 22.5% owned McLean Lake Mill for Gryphon and the ISR ( In-situ recovery ) method with recovery on site for Phoenix.
Waterbury Lake New discovery on the Waterbury Lake Project 3 km NE of the Huskie Zone.returning 0.43% U3O8 over 1.0m including 0.73% over 0.5m, and 0.45% U3O8 over 0.5m as well as 0.31% over 0.5m and 0.20% U3O8 over 0.5 m.
Drilling on the Huskie Zone has returned 9.1% U3O8 over 3.7m and 4.5% U3O8 over 6.0m.
Fission Uranium Corp
700 - 1620 Dickson Ave
Kelowna, BC V1Y 9Y2
1-877-868-8140
fissionuranium.com
Ironside Resources
700-1620 Dickson Ave
Kelowna, BC V1Y 9Y2
1-866-979-7022
Ironsideresources.com
Eagle Plains Resources Ltd.
Suite 200, 44 - 12th Ave S
Cranbrook, BC V1C 2R7
1-866-486-8673
eagleplains.com
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Company Directory
Denison Mines
230 - 22nd St E
Saskatoon, SK S7K 0E9
(306) 652-8200
denisonmines.com
Little Rock Enterprises Inc.
1220 Poirier St.
La Ronge, SK S0J 1L0
(306) 425-3715
M.A.R.S.H. Expediting
1220 Poirier St.
La Ronge, SK S0J 1L0
(306) 425-3715
AJG Exploration Ltd.
Street Address
La Ronge, SK S0J 1L0
(306) 425-2217
ajgexploration.com
Northern Resource Trucking
1112 Finlayson St.
La Ronge, SK S0J 1L0
(306) 425-2148
nrtlp.com
Exploration Service Directory
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