Thompson East – Bryce Bay: Ni-Cu-Co-PGE Project

PROPERTY PROFILE

Figure 1: Conductor zones 15, 16, 17 and 18. Figure 2: Conductor zone 23 with selected till Ni concentrations. Figure 3: Massive sulphide – Bryce Bay claim.

Project areas and exploration

The project areas are located eight to 30 kilometres east of Thompson and are held in two blocks referred to as Bryce Bay, located north of Bryce Bay, and Thompson-East claims, which are directly east of Thompson. A total of 14 claims ranging in size from 40 to 208 hectares have been staked and are undergoing exploration. Access to the prospect area can be by fourwheel-drive truck, all-terrain vehicle, boat and motor or snowmobile. Anglo American conducted exploration in the early 2000s in the Grass River and Thompson–East area. This included an airborne ‘spectrum’ (magnetic, electromagnetic, radiometric and terrain) survey, which delineated 27 EM conductor zones that warranted followup ground work. Follow-up exploration included ground geophysical surveys and diamond drilled boreholes within selected conductor zones. Six of the highest rated conductor zones, some with multiple drill targets, are all on claims staked by G. Thorne (Norcangeo). To advance exploration and further delineate targets, about 250 boreholes have been augered and sampled as part of till geochemistry exploration on the claims covering the TNB conductor zones and Bryce Bay claims. Three claim areas/conductor zones are of particular interest based on ground geophysics, diamond drilled cored boreholes and rock and till assay values and are profiled below.

Conductor zones 15, 16, 17 and 18

Four claims (MB 12046, MB12048, MB11594, MB11600) were recently staked (April and September 2021) covering all or most of these four conductor zones. These conductors are located about six kilometres directly east of the Thompson T1 and T3 mines and about one kilometre east of the Thompson mines settling ponds. Two high-grade conductors located in conductor zone 15 (Figure 1) were identified by the airborne spectrum survey and to the best of the writer’s knowledge have not undergone any additional ground geophysics or drilling. Another highly rated conductor zone target is located on MB Claim MB 11600 (Zone 18). Historical drilling indicates that the area of the claims is underlain by the Ospwagon Sediments, which include the Pipe Formation. The Pipe Formation is principle host to the rich magmatic nickel and copper deposits of the TNB. The location and highly rated geophysical anomaly make these zones excellent targets for additional ground geophysics and drilling.

Conductor zone 23

This conductor zone located about eight kilometres south and on strike with conductor zones 15 to 18 and highly rated conductor zone 20 (also recently staked by the writer) has three drill targets identified by the airborne spectrum survey and follow-up ground geophysics. Two cored boreholes on the property intersect what is believed to be the Pipe Formation. High Ni values, 131.5 and 90.8 ppm (Figure 2) have been determined by assays for till samples collected from two of the boreholes augered on claim (MB 11598), which overlies one of the