MATTAGAMI RIVER ZINC PROPERTY
The Mattagami River Zinc project is considered highly prospective for the discovery of a world-class zinc-lead-silver-gold deposit similar to the Broken Hill-type sedimentary exhalative (sedex) deposit. Other examples of sedex deposits are Cannington in Australia (operated by South 32) and Zinkgruvan in Sweden (operated by Lundin Mining).
Zinc mineralization was first discovered on the property by Canico (Inco) in 1966. Canico intersected zinc mineralization spread over a seven-kilometre horizon, returning assay results up to 13.7 metres with an average grade of 2.28 per cent zinc in hole BH32325 (Ontario Geological Survey, Mineral Deposit Index MDI42H12NW00001). The property lies north of Argo Gold Inc.’s Hurdman zinc-lead-silver-gold property and is host to numerous, untested VTEM anomalies.
The project is located in the Agate and Tucker townships of the Porcupine mining division of Northeastern Ontario. The Mattagami River property comprises 35 unpatented mining claims having a combined area of approximately 735 hectares, located approximately 50 kilometres northeast of the town of Kapuskasing, Ontario.