Lynx Property
The Lynx area is geologically similar to Beaver with even larger prospective targets areas. The regional stream sediment (“RGS”) data collected by the Province of British Columbia illustrates the existence of a large 10 x 5 kilometre nickel anomaly at Lynx. An airborne magnetics survey delineated an 8 kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies – all greater than 2 kilometres in length. The Lynx property shows potential for multiple, large, bulk-tonnage nickel deposits. Only minimal exploration has been completed on the Lynx property consisting of prospecting and airborne magnetics.
Technical Report
The Company filed a NI 43-101 technical report dated June 24, 2020 for the Beaver and Lynx sulphide nickel properties. The highlights of the NI 43-101 report were as follows:
Large volumes of relatively shallow uniformly distributed sulphide nickel occur at Beaver property
Drilling of 25 drill holes at Beaver has delineated nickel and cobalt in four zones over 3 km total
strike
Nickel intersected 8 to 150 metres in thickness grading 0.17% to 0.34% total nickel
Nickel mineralization amenable to conventional floatation extraction techniques
Initial exploration at nearby Lynx property suggests comparable nickel results to Beaver
The Company has multi-year exploration work permits for both properties.