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FG:TSX-V $0.05

Wabunk Bay Copper, Gold & Nickel Property

Highlights

  • Claims adjoin the Uchi gold mine
  • Historic 7m chip sample returning 1.08% Cu and 0.40% Ni.
  • Historic drill results assayed 0.62% Cu with Co values up to 0.33% Co.
  • Surface trench samples ran 0.33% Co over 1.5m and 0.15% Co over 7.6m with a separate historic 7m chip sample returning 1.08% Cu and 0.40% Ni
  • Occurs within the same greenstone belt as the Red Lake mining camp
  • Gabbroic host rocks have been traced for a strike of approx. 900m
  • Main copper, cobalt showings composed of massive and disseminated sulphides in zones about 200m long and 7m wide.

Wabunk Bay Project Relative to Major Mines in NW Ontario

  1. Rainy River Gold Mine
    • 6.2 million oz Au and 13.3 million oz Ag
  1. Werner Lake Cobalt Deposit
    • 181,000 tonnes of 0.4% Co
  1. Red Lake Gold Mines
    • 2.17 million oz Au (Reserves)
    • 29 million oz Au historical production
  1. Musselwhite Gold Mine
    • 1.85 million oz Au (Reserves)
    • +4 million oz Au produced
  1. Pickle Lake District
    • 2.5 million oz Au Produced, and,
    • Thierry mine historically produced 113.6 million lb. Cu, 27.7 million lb Ni, 17,500 oz Pt and 47,000 oz Pd.
  1. Lac des Isles Palladium Mine
    • 2.7 million oz Pd. (Reserves)
  1. Shebandowan Ni-Cu-Co Mine
    • 1971 to 1998, produced 8.7 million tonnes of ore at 2.07% Ni, 1.00% Cu and approx.3.0 g/t PGE
  1. Hammond Reef Gold Deposit (Agnico Eagle)
    • Measured and Indicated Resource of 208 million tonnes containing 4.5 million oz.