SUMMARY

  • 100% interest
  • Excellent road access and infrastructure
  • High-grade silver and cobalt jurisdiction.

Project Highlights

  • Acquired in April 2017
  • Initial acquisition of 672ha less than 10km SSW of the Historic Silver Mining Camp of the Cobalt Township in Ontario, Canada
  • Proposed expansion of project through acquisition of 11 contiguous mineral claims to increase the Company’s landholding at Bay Lake four-fold to 2,744ha within a highly prospective Ag-Co rich geological domain
  • 5km NNW of Equator Resources Limited’s (ASX: EQU) Cobalt Camp Project
  • Historical mine shafts have exposed cobalt rich cobaltite veins assaying 15.36%, 15.29%, 14.31% and 15.27% Co
  • Initial exploration plans include:
    • A comprehensive ground mapping, mechanised trenching, sampling and drill target identification program – to commence during June 2017
    • An Airborne EM survey over the key project area – to commence during July and August 2017
    • An IP survey
    • Drilling program targeted for Q3-2017 following detailed first phase data analysis

Target Geology

Location Map