Feeder Zone and Anderson Lake

Feeder Zone and Anderson Lake are Ni-Cu-Co and PGE projects located in Northern Manitoba, Canada within the highly prospective magmatic sulphide setting of the Fox River Belt. Limited historic drilling has been undertaken with promising results, and Plethora Exploration plans to conduct approximately 3,000 metres of drilling to test EM targets identified through remodelling of historic data and historic Ni intercepts. Access to the property can be made year-round by helicopter, and the Property comprises 3 Mineral Exploration Licences covering a total land area of 57,5967 hectares.

Overview

• Feeder Zone and Anderson Lake are magmatic sulphide (Ni-Cu-Co, PGE) projects located in Northern Manitoba, Canada 
• Located in within the Fox River Belt. The Fox River Belt is a Proterozoic Greenstone Belt which forms part of the north-western margin of the Superior Province.
• The Circum-Superior Boundary Zone is a highly prospective magmatic sulphide setting which already hosts the Thompson Nickel Belt (Thompson Mine) and Cape Smith Belt (Raglan Mine). 
• Mafic and Ultramafic magmatism along the Fox River Belt and at the Anderson Lake target is directly comparable to magmatism along the Thompson Nickel Belt and Cape Smith Belt. 
• Limited historic drilling has been undertaken across Anderson Lake by INCO 1971-72 and BP / Selco in 1987-88. The BP / Selco drilling reported 1.45 % Ni over 2.0 m in hole 87-3 and 0.51 % Ni over 2.0 m in 87-1A. Drilling by INCO suggests 44.0 m of discontinuous pyrhottite and chalcopyrite. 
• Remodelling by Plethora Exploration of historic geophysical surveys at identified strong late-time airborne and ground EM conductors; EM conductors are often directly correlated to massive sulphide mineralization and represent high priority drill targets
• Approximately 3,000 metres of drilling is planned to test EM targets identified in re-modelling of historic data and historic Ni intercepts. Follow-up Borehole EM geophysics will help to identify additional drill targets.

Geology

• Anderson Lake is sits within the Fox River sill which is comprised of repeated cyclic units of primitive large igneous province derived magmatism. 
• Feeder Zone is targeting mafic – ultramafic lithologies of the lower intrusive package of the Fox River Belt. 
• The lower intrusives represent the lowermost level of intrusive activity across the belt and are predominantly well differentiated in parts – peridotite base, overlying pyroxene rich layer and upper gabbronorite, elsewhere they comprise a zoned peridotite core and pyroxene margin.

Access and Location

• The project is situated approximately 110 kms southeast of the town of Gillam and 70 kms west of Shamattawa, in Northern Manitoba, Canada. 
• Access to the property can be made year-round by helicopter. A winter road between Gillam and Shamattawa runs 40 km north of the project.

Land Tenure

• The Property comprises 3 Mineral Exploration Licences covering a total land area of 57,5967 hectares. A 5,304 Ha claim covering two drill targets is subject to an option agreement with Kenorland Minerals Inc. Plethora Exploration has the right to acquire 100%. The remaining claims are 100% owned by Plethora Exploration. 
• The MELs are valid for a period of 5 years from issue and can be renewed for a further 5 years.

Previous post Next post