The 100% owned Shining Tree Property is located in Fawcett Township, Ontario, approximately 210 kilometres by provincial highway north of Sudbury and 8 kilometres east of the town of Shining Tree. The site is just 180 kilometres from the Shakespeare property among a number of other mining communities in the area, including the historic mining town of Timmins, which is located 130 kilometres to the north.
An independent NI 43-101 mineral resource calculation was issued by Wardrop Engineering, a Tetra Tech Company on February 14, 2006.
The Shining Tree Property hosts nickel-copper-PGE sulphide mineralization that appears to be developed in a brecciated zone within a multi-phase gabbro-anorthosite body. Previous interpretations suggest that the pipe-like breccia zone is the host for the bulk of the mineralization with narrow, lower grade intersections in the structural hanging wall.
The deposit has a strike length of about 100 metres and is generally about 30 metres wide, with a steep dip in the upper sections (around 85 degrees to the southwest) and a shallower dip (around 75 degrees) in the lower parts of the deposit. Drilling has intersected mineralization at depths of around 500 metres below surface. The nickel-copper mineralization found at the Shining Tree deposit is in the form of massive, semi-massive and/or disseminated sulphides consisting of sulphide assemblages of pyrrhotite, pyrite, pentlandite and chalcopyrite. The sulphide concentrations occur at or near the base of their magmatic host bodies.
Shining Tree consists of 40 contiguous unpatented mining claims covering approximately 1,600 acres, all of which are in good standing.
As noted in the following table, at a nickel-equivalent cut-off grade of 0.30% the Property contains an Indicated mineral resource of 1.02 million tonnes grading 0.71% nickel and 0.36% copper plus an Inferred mineral resource of 1.49 million tonnes grading 0.67% nickel and 0.36% copper.
Shining Tree Cumulative Indicated Resources by NiEq% Cut-off
|
>1.0
|
270,000
|
1.13
|
0.55
|
0.03
|
|
>0.9
|
370,000
|
1.05
|
0.51
|
0.03
|
|
>0.8
|
470,000
|
0.99
|
0.48
|
0.03
|
|
>0.7
|
550,000
|
0.94
|
0.46
|
0.03
|
|
>0.6
|
650,000
|
0.89
|
0.44
|
0.03
|
|
>0.5
|
770,000
|
0.82
|
0.41
|
0.02
|
|
>0.4
|
910,000
|
0.76
|
0.38
|
0.02
|
|
>0.3
|
1,020,000
|
0.71
|
0.36
|
0.02
|
Shining Tree Cumulative Inferred Resources by NiEq% Cut-off
|
>1.0
|
360,000
|
1.11
|
0.57
|
0.04
|
|
>0.9
|
460,000
|
1.06
|
0.54
|
0.04
|
|
>0.8
|
580.000
|
0.99
|
0.51
|
0.04
|
|
>0.7
|
690,000
|
0.94
|
0.49
|
0.04
|
|
>0.6
|
830,000
|
0.87
|
0.46
|
0.03
|
|
>0.5
|
1,050,000
|
0.79
|
0.42
|
0.03
|
|
>0.4
|
1,340,000
|
0.71
|
0.38
|
0.03
|
|
>0.3
|
1,490,000
|
0.67
|
0.36
|
0.03
|
The Shining Tree Report, which is available under previous owner Ursa Major’s SEDAR profile at www.sedar.com, was prepared by Wardrop Engineering Inc. in accordance with NI 43-101, by or under the supervision of Robert Carter, P.Eng., a qualified person within the meaning of NI 43-101. The mineral resource estimate contained herein was prepared under the supervision and direction of Rob Carter, P.Eng. and authorized by Tim Maunula, P.Geo.
Click here for the Qualified Person information, Legal Notice, forward-looking information and the cautionary note.