Shining Tree

The Shining Tree project is located 100km north of Sudbury, Ontario, and is within trucking distance of milling facilities.

 

Shining Tree was the subject of a 2006 Preliminary Economic Assessment that was prepared by Micon International, which examined the viability of an open pit mining operation. Metallurgical testing by SGS-Lakefield suggested that conventional milling and flotation could be used for processing.

 

The property has an historic NI 43-101 Indicated Resource, 1,2 of 1.02 million tonnes at 0.71% nickel and 0.36% copper, plus inferred resources of 1.49 million tonnes @ 0.67% nickel and 0.36% copper (both at a cutoff of 0.30% nickel equivalent)

SHINING TREE PROJECT – SUMMARY

  • Historic resource 1,2: Shining Tree is an advanced nickel-copper property with an historic NI 43 101 resource (Wardrop, 2006) 1,2 and  a PEA completed by Micon (2006).
  • Infrastructure: Road accessible and within trucking distance of milling facility.
  • Geology: Recent analysis and compilation work suggests that high grade lenses are within broad (>25m) zones of disseminated sulphide mineralization.
  • Opportunities for resource expansion: The last round of drilling was not included in the resource calculation for Shining Tree. In addition, limited exploration has been carried out on the broader property package, and none since 2007. The deposit remains open for expansion, there remains the potential for the discovery of additional mineralized pipes on the property. Further drill targets to be identified through evaluation of existing geological data.

LOCATION

MINERAL RESOURCE ESTIMATE (0.30% Nickel Equivalent cut-off)

Category Tonnes Ni (%) Cu (%) Co (%)
Indicated 1,020,000 0.71 0.36 0.02
Indicated 1,490,000 0.67 0.36 0.03

 

¹The reader is cautioned that the above referenced “Historical Resource” is considered historical in nature and as such is based on prior data and reports prepared by previous property owners. The work necessary to verify the classification of this mineral resources estimate has not been completed and the resource estimate therefore, cannot be treated as NI 43-101 compliant resources verified by a Qualified Person. The historical estimate should not be relied upon and there can be no assurance that any of the historical resources, in whole or in part, will ever become economically viable.

²A study of the Wardrop (2006) report and associated data is required for an update to the resource model  to be completed

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