SummaryThe Bannockburn Nickel Property consisted of unpatented mining claims and is owned 100% subject to a 2% NSR. Three main areas of Ni-Cu-Co-PGE mineralization have been outlined to date on the property. Nickeliferous massive/semi-massive sulphides ( pyrrhotite and pentlandite ) occurs in footwall embayments at the base of komatiitic flows. Elsewhere disseminated sulphide mineralization occurs on the property within a thick olivine adcumulate body and represents a large bulk tonnage target.
Location and AccessibilityThe Bannockburn Nickel property consists of unsurveyed mining claims located in Bannockburn and Montrose townships in the Larder Lake Mining Division of Ontario. The property is 27 km from Matachewan and 100 km southeast of Timmins. The claims are subject to a 2% NSR to the previous owner. The property is vehicle accessible by local highway and gravel forestry roads. The mining claims are in good standing until 2017.
Massive Sulphide Nickel ZonesBannockburn hosts three main areas containing multiple zones of Ni-Cu-Co-(PGE) sulphide mineralization. The “F” Zone in the Thalweg (Charlewood Lake) area and the “C”and “D” zones in the Rahn Lake area are associated with Kambalda-style massive and heavily disseminated sulphides that occur in footwall embayments at the base of komatiitic flows. The massive to heavily disseminated mineralization is composed primariy of pyrrhotite and pentlandite with trace of amount of chalcopyrite and a grey alteration mineral. The nickel tenors of the zones average 5-6% Ni in 100% sulphides.
F ZoneThe drilling completed on the F Zone intersected mineralization of economic interest. A nickeliferous zone measuring approximately 100m long to a depth of 100 to 400 m has been outlined and remains open to depth. Down hole geophysics has identified a strong conductor continuing below the zone to a vertical depth of at least 600 m.
C ZoneThe C Zone was discovered by backhoe stripping in October 2003. It has since been defined by 53 drill holes. Drilling has defined a nickeliferous massive sulphide deposit approximately 150 m along strike between 0.5 m and 8 m wide ( estimated true thickness ) with a down dip plunge of 400 m. A best assay from the “C” zone returned a value of 2.2% Ni over a core length of 4.0 metres. Further drilling is required to define the zone at depth.
Bulk Tonnage Nickel ZoneThe “B” Zone located west of Rahn Lake has similarities to Mt. Keith-style disseminated sulphide mineralization and occurs centrally with a thick olivine adcumulate body. The nickel tenor of this zone is >80% in 100% sulphide and is related to the nickel rich mineralogy. A best assay from the B Zone returned a value of 0.45% nickel over a core length of 23.5 meters. Also, two drill holes 250m apart intersected 25.3 m grading 0.52% Ni and 202.3 m grading 0.33% Ni. Drilling to date has defined a strike length of 350m for the B Zone. The host lithologic unit is estimated to be 4,000 m long and between 200 and 800 m wide and to an unknown depth. The potential to define a very large tonnage of low grade nickel mineralization similar to the Mt Keith deposit within this lithological unit is considered to be excellent.
Exploration DataA large database of exploration data exists for the property. A total of 114 drill holes have been completed at the property. Multiple and ground geophysical surveys have been completed including downhole geophysics . A geophysical compilation was completed. A total of 3,613 samples have been analyzed. Petrographic study of 9 samples has been completed and a Preliminary Metallurgical Study of the B Zone samples was undertaken. A NI 43-101 report on the property summarizing work completed is available.
Recommended WorkRecommended exploration for the property includes follow up drilling for massive sulphide nickel mineralization at the C Zone and F Zone and drilling at the B Zone targeting a bulk tonnage moderate grade nickel deposit.