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PROJECT S

JANES PROPERTY

Re-evaluating a high-grade Ni-Cu-PGM Property within the Sudbury Mining District

LOCATION

  • Located 50km NE of Sudbury in Janes Township in the Sudbury Mining District. 
  • ~2,900 hectares of mining claims

OPTION TERMS

  • Option to earn an 100% interest in the property. 
  • $355,000 cash, $155,000 in shares and $227,000 in exploration expenditures over 5 years.

LOCKERBY EAST PROPERTY

  • Magmatic sulphide mineralization associated with the Proterozoic aged Nipissing magmatic event. 
  • Folded gabbroic sills hosted with Huronian sediments. 
  • Widespread Ni-Cu-PGM mineralization associated with the basal contact of the sill. 

LOCAL GEOLOGY

  • Mineralization is related to the footwall contact of a folded sill. 
  • Contact related mineralization has been traced at surface for over 400m and is locally up to 30m thick. 

MINERALIZATION STYLES

  • Three styles of mineralization identified on the property:

Disseminated PGM-Cu-Ni mineralization

Massive Ni-Cu-PGM mineralization

Shear-hosted bonanza grade PGM mineralization

  • 1) 2.71g/t PGM, 1.01% Cu, 0.27% Ni over 18.05m at 32.0m (DDH JR99-01) 
  • 2) 1.51% Ni, 1.86% Cu, 1.79g/t PGM over 7.9m at 172.8m (DDH 69-08) 
  • 3) 1,715g/t Pd, 17.25g/t Pt, 109.5g/t Au. 0.23% Cu, 0.23% Cu (grab sample)

OPPORTUNITY

  • Mineralization encountered to date is shallow <200m.
  • Opportunity to develop near surface PGM-rich resources.
  • Opportunity for high-grade massive sulphide at depth (150-500m). 
  • Use modern geophysics to evaluation the property.

2020 PROGRAM - $0.25M IN PROGRESS

  • Surface sampling completed (results pending) 
  • Ground geophysics underway 
  • Drilling planned for 2021 

SUMMARY

The Janes Property is located 50 km NE of the City of Sudbury and consists of ~ 2,900 ha. 

The Property hosts magmatic sulphide mineralization associated with the Proterozoic aged Nipissing magmatic event. 

The Janes Property was initially explored in 1969 by Kennco Exploration (Canada) Ltd, which reported both disseminated and massive Cu-Ni sulphide mineralization (Pt, Pd or Au (“PGM”) not reported) associated with the basal contact of a regional Nipissing Diabase sill. Of significant interest is drill hole 69-08 that intersected 10.7 metres of 1.27% Ni and 1.59% Cu (PGM’s not reported) at a depth of 172.8 metres. This drill hole was subsequently re-assayed by Falconbridge Limited in 1989 and returned a weighted average of 1.51% Ni, 1.86% Cu, 0.27 g/t Pt, 1.30 g/t Pd, 0.21 g/t Au and 5.33 g/t Ag over 7.9m from 172.8 to 180m. 

Between 1998 and 2001, the property was explored jointly by Pacific North West Capital Corp (“PFN”) (now New Age Metals) and Anglo Platinum Corporation Ltd. under an option agreement with the current owner. Exploration activities focused on the basal contact of the sill where both disseminated and massive sulphide mineralization was exposed in a series of trenches over a strike length of > 400m. 

SPC Nickel entered into an Option Agreement to earn 100% interest in the property.