Werner Lake Project
The project is located near the Ontario-Manitoba border in the Kenora Mining District. The Werner Lake Geological Belt hosts numerous cobalt-copper and base metal showings, deposits and past producing mines.
The area has seen extensive exploration and development work since the original discovery of cobalt in 1921. The Werner Lake Cobalt Mine produced cobalt ore in the 1930s and 1940s from the “Old Mine Site” deposit area and with the discovery of the main ore area at the West Cobalt Deposit, was taken to production decision in the late 1990s.
At the time, infrastructure was put in place, including four season road, mill buildings, and tailings settling area. Decline ramp, drifts and raises of over 258 metres were driven into the heart of the deposit.
Mineral Resource
Werner Lake Cobalt Project Mineral Resource Estimate (November 2022). This Mineral Resource Estimate has been updated and reported to comply with JORC (2012) reporting requirements.
The table below summaries the MRE for the Werner Lake deposit.
720,000 lbs @ 0.51% Co
The selected cut-off grades should be considered as being nominal given the current stage of project development.
Exploration Upside
- The deposit is located in a favourable mining jurisdiction, with no known impediments to land access and tenure status.
- The Company’s planned technical exploration program for the Project will aim to, in the first instance review the existing exploration and geological data, drill targets that weren’t previously drilled and establish new drill targets at the Project.
- To further establish new drill targets at the Project, the Company will utilise electromagnetic techniques to consider targets outside of the existing orebody. Following the Company’s review and electromagnetic surveys, the Company will perform a RC and/or diamond drilling program over the drill targets deemed to best provide opportunities for mineralisation. Drilling will also provide material for more advanced metallurgical test-work.
- The volume, grade and orientation of the Mineral Resource being amenable to mining extraction via traditional underground mining methods.
- Previous mining indicates that the Mineral Resource is likely amenable to metallurgical extraction via traditional process methods.
Exploration to Date
The Project is divided in two distinct deposits. To the east, the Werner Lake Old Mine Deposit and to the west, the Werner Lake West Cobalt Deposit.
Proposed Work Program
- The Werner Lake Cobalt Project is at a relatively advanced stage. Previous work has included a significant amount of diamond drilling resulting in the estimation of a Mineral Resource. There has also been metallurgical test work competed on bulk samples excavated from underground at the West Cobalt deposit.
- The Company intends to review the exploration and geological data prepared by the previous owners of the Werner Lake Cobalt Project. The purpose of the review is to establish drill targets that weren’t previously drilled and assist with the establishment of new drill targets. To further establish new drill targets, the Company will utilise electromagnetic techniques to consider targets outside of the existing orebody.
- Following the Company’s review and electromagnetic surveys, the Company will perform a RC and/or diamond drilling program over the drill targets deemed to best provide opportunities for mineralisation. Drilling will also provide material for more advanced metallurgical test-work. In addition, surface exploration, including geochemical surveys and field mapping will be completed to fully explore the potential for mineralisation along strike or possibly in parallel zones to known mineralisation.
- Each step in the proposed programme will be conducted contingent upon the success of the preceding activity. The bulk of the proposed exploration expenditure is focussed on RC and diamond core drilling. This is appropriate given the advanced stage of exploration/development on the Werner Lake Cobalt Project and is targeting extensions to the known mineralised system. Final drilling programs will be designed after a program of DHEM (downhole electromagnetic) surveys is completed targeting massive sulphides.
