JUNIOR MINING ROUNDUP CRITICAL MINERALS

from Mining Life & Exploration News Spring 2023

JUNE 7-8

The critical minerals sector in Ontario is a big key to the province’s financial future as the electric vehicle market continues to grow. There are several interesting exploration opportunities from junior companies on the go.

The high-grade ‘W4’ zone is particularly promising.

Brixton Metals

Headquarters: Vancouver

Project Name: The Langis Project

Targets: Silver, Nickel, Cobalt

Location: Approximately 15 kilometres north of Temiskaming Shores, within Timiskaming First Nation traditional territory. Highway 65 runs through the property, with power, railway, mills, and a permitted refinery in the immediate vicinity.

Specs: It is a brownfield exploration opportunity for high-grade silver, nickel, and cobalt. The Langis Mine saw past production from 1908 to 1989, and officially closed in 1990 due to a steep price drop in silver.

Latest: In late March, Brixton announced the final results from its 2022 drill campaign, which started in November and completed in late December, and consisted of 35 drill holes totaling 7,115 metres. One drill hole yielded 7 metres of 0.37% Cobalt from 120m depth, and another yielded 9.0 metres of 1037 g/t silver from 165m depth. The company said that although they don’t currently have a budget for 2023 relating to this property, it does warrant further exploration drilling.

E.V. NICKEL

Headquarters: Toronto

Project Name: Shaw Dome Project

Targets: Nickel

Location: 25 kilometres southeast of Timmins. Approximately 7 kilometres by road from Redstone Mill.

Specs: The company has three property groups: Carman, Shaw Dome, and Langmuir. Land package spreads across 30,000 hectares, including 100 kilometres of favourable strike length.

The Shaw Dome hosts Kambalda style nickel sulfide mineralization favourable for hosting nickel, copper, and platinum group mineralization.

Latest: On March 28, the company announced high grade nickel intercepts from a 2023 drill program in the east extension of the W4 zone. A drill hole showed 13.1m grading 1.47% Ni including 4.7m grading 2.77% Ni, as well as 6.8m grading 1.58% Ni including 2.1m grading 3.01% Ni. An updated resource estimate will be completed in Q2 of 2023.

Vr Resources Ltd

Headquarters: Vancouver

Project Name: Hecla-Kilmer

Targets: Rare Earth Elements, Copper, Gold

Location: 23 kilometres to the west of the Otter Rapids hydro facility, on provincial crown land with mineral rights administered by the Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry. The property lies within the traditional territories of the Moose Cree and Taykwa Tagamou First Nations.

Specs: 224 mineral claims in one contiguous block approximately 6 by 7 kilometres, covering 4,617 hectares. It is 100 percent owned by VR. There are no underlying lease payments on the property, nor are there any joint ventures or back-in interests.

Latest: The company planned delineation drilling for the fall of 2022, carrying into the winter season of early 2023.

Class 1 Nickel

Headquarters: Toronto

Project: Alexo-Dundonald Project

Targets: Cobalt, Copper, Nickel Location: 45 kilometres northeast of Timmins, with year-round road access.

Specs: It comprises four deposits and 92 granted exploration licenses, with a combined area of 19 square kilometres over a 14 kilometre strike length. The last mining was completed in 2004/2005 30.1Kt ore at 1.92%, and an attractive operating cost of just $1.06 per pound of nickel. The company says its a shallow, high-grade resource, with excellent access to existing brownfield infrastructure.

Latest: The company has yet to publish a PEA(Preliminary Economic Assessment), although management has been in dialogue with top-tier automakers, highlighting the demand for a production restart, and the availability of the nickel resource. Through it would be utilizing third-party facilities for toll milling, management expects that production of a pre-concentrate could be ramped up quickly with little to minimal pre-production capital expenditures.

Fox River Resources Corporation

Headquarters: Toronto

Project: Martison Phosphate Project

Target: Rare Earth Elements, Phosphate, Niobium, Titanium

Location: Approximately 70km northeast of Hearst, near railway connections, power, gas, workforce.

Specs: The Martison Project hosts the ‘Anomaly A’ deposit which forms the basis for a positive preliminary economic assessment.

Latest: The Company’s primary goals are to provide sustained growth and superior shareholder value by building an integrated phosphate fertilizer facility, designed to produce products that help meet market demands in a cost effective, profitable and environmentally and socially responsible way. Canada’s current phosphate consumption is all imported.

INFRASTRUCTURES