Highligths

  • Option to acquire 100% interest, 2.5% NSR Atlantic Vanadium Corporation
  • 7 claims containing 118 units covering 28.6 km2
  • Located in southern New Brunswick within the Charlotte county, NTS map 21G07
  • The claims are located < 20 km from the W-Mo Mount Pleasant deposit associated with hydrothermally porphyritic granites intruding intracaldera Late Devonian volcanic and sedimentary rocks of the Piskahegan Group.

Geology

The geology reveals a series of Late Devonian porphyritic, equigranular, fined-grained or seriate biotite±hornblende monzogranite, biotite microgranite plutons hosting endogranitic, granophile-element Sn-, W-, Mo-, Zn-, Bi-, and U-bearing greisen/sheeted veins. The rocks belong to the Mount Douglas Granite which constitutes a unit of the Saint George Plutonic suite.

Exploration works

The property was prospected during the late summer and fall of 2018. A total of 32 mineralized monzogranite rock samples, mostly floats, were recovered from various parts of the property including from one 25 x1 m trench.  Assay values reveal 22 samples with significant copper values (0.12-7.96 %), 10 with Pb concentrations > 2600 ppm (0.26-1.43 %) and 11 having Zn values ranging from 0.1 to > 1%. High values of Ag (23-100 ppm), Mo (1990-2880 ppm), W (>200 ppm) are accompanied by anomalous Li, Sn, Bi concentrations as a testimony of the association of the mineralization to the endograntic granophile element type.

In 2019, a VTEM survey (including radiometric, MAG and EM) was flown over part of the property and indicates:

  • Magnetic signatures defining different units and contacts in the MDG and probably the presence of a NS-oriented structure (fault?) .
  • An early Z dB/dt EM decay map, while spotty, showing some conductive anomalies coinciding with the location of mineralized granitic samples.
  • High and anomalous Th, U, K concentrations associated with highly differentiated and commonly mineralized granitic units of the MGD.
  • And/or from a silt-rich till cover rich in U, Th and REE-bearing minerals (zircon, monazite, thorite, xenotime, bastnaesite, uraninite, biotite?) related to a NW-SE glacial dispersion.
Cu mineralization, Mount Douglas Granit (Sample 320801)