LAC NIPISSO, QUEBEC
100% Interest in the Lac Nipisso Property, which comprises 13,051 hectares acquired through staking, 80km NE of Sept Iles, QC with Quebec Hydro Transmission lines crossing the western edge of the claim boundary.
- The Lac Nipisso project covers a series of elongate easterly to northeasterly trending conductors up to 6km long identified on a 1997 Quebec Geologic Survey Dighem survey. A portion of these conductors were also surveyed by a publicly available 20210 helicopter-borne versatile time domain electromagnetic (VTEM) and aeromagnetic geophysical survey.
- The anomalies are mostly strike limited, showing an EM signature on and at the edges of magnetic highs, further indicating the potential for Ni-Cu (Co-PGE) mineralization.
- The project is situated 6km north of the Lac Volant occurrence, a small, massive magmatic sulfide body hosted trending coarse grained gabbronorite dyke with average grades of 2.3% Cu, 1.9 % Ni and 0.1% Co discovered in 1996 by the Quebec Geologic Survey.
LAC MANITOU, QUEBEC
100% Interest in the Lac Manitou Property, which comprises of 10,082 hectares acquired through staking, 85km NE of Sept Iles, QC.
- Underexplored ultramafic complex with existing publicly available 2008 helicopter-borne AeroTEM II data.
- In a thorough review of the historical geophysical data (conductor and decay contants (Tau) amplitude, magnetic expression, shape and size, and taking into account the geologic setting, including the proximity to known nickel-copper-PGE occurences), Prospector identified three highly prospective conductors as potential initial drill targets that have seen no modern exploration or drill testing todate.
- Strong prospective conductors are coincident with low angle faults and have a strike length of greater than 200m. Locally, historical grab samples are reported to have assayed 1.26% Ni, 1.54% Cu & 0.87% Ni, 0.08% Cu.