Dr. Marc-Antoine Audet adds, “With our ATI in hand, we remain dedicated to advancing exploration at Target 900 and the surrounding areas, leveraging cutting-edge technology and expert knowledge to unlock the mineral endowment of this promising sector. We are excited about the potential discoveries that lie ahead and look forward to updating stakeholders on our progress.”
The electromagnetic (EM) conductor overlaying the Target 900 high gravimetry response begins at 500 m below the surface and increases in intensity up to the technological limits of the 2021 Xcalibur airborne EM survey, which reaches 600 m below the surface.
The expected EM continuity at depth aligns with the large, elevated gravimetry response starting at 600 m below the surface and extending deeper.
Surface mapping, along with borehole LB-24-29 drill results, gravimetry data, and the EM responses described above, position Target 900 as a prime target for nickel (Ni) and copper (Cu) mineralization.
Target 900 and Regional Potential
Ongoing regional surface geological mapping has identified a vast Intrusive Complex (IC) that appears to have deep roots. The IC's size is evident at the surface due to the extensive magmatic-originated anorthosite/leucogabbro unit overlying intrusive pyroxenite members, highlighted by the 735 m of undeformed and unmetamorphosed magmatic pyroxenite observed in hole LB-24-29.
The IC's shape has been delineated through a combination of magnetic surveys and detailed geological mapping of over 160 surface outcrops, including 25 specific sites of magmatic anorthosite/leucogabbro and pyroxenite.
The IC is situated in the hinge of a large fold, extending into the south and north limbs. Hole LB-24-29 was drilled approximately 250 m east of the anomaly's core. Despite being located at such a distance from the core, the hole intersected several mineralized zones, including 1.51 m grading 0.42% Cu and 0.25% Ni, highlighting the mineralization potential of the entire system.
The Target 900 area is partially located within a biological refuge and is subject to a temporary suspension on the granting of mining claims. This suspension is renewed every six months by the Ministère des Ressources Naturelles et des Forêts (MRNF).
A request has been submitted to the MRNF seeking permission for the Company to carry out subsurface activities, such as testing at depth beneath the refuge, provided that all surface restrictions associated with the refuge are strictly observed—a commitment the Company intends to uphold.
The Lac Brulé property is situated approximately six hours by car from Montreal and 50 km west of the former Renzy Cu-Ni mine.