Snowbird

Snowbird Project

• Project area 214 km² .
• In 2005, BHP Billiton identified high grade zinc, copper, lead,silver and gold mineralisation in the Snowbird Project area.
• Located within the Snowbird Tectonic Zone, North West Territories, Canada. This zone hosts several world class nickel – copper, platinum and gold deposits (in which the Company does not hold an interest), including Ferguson Lake, Nickel King, Meliadine and Meadowbank.
• Drilling programme (12 holes) and imaging survey programmes planned to test for (i) nickel and copper deposits at KB-1 and KB-4, and (ii) gold deposits at Wendy targets.

The Snowbird Project consists of two blocks of claims (Kasba and Wendy) comprising 214 km² within the Snowbird Tectonic Zone, located 625 km northwest of the city of Thompson, Manitoba, Canada.  Known nickel and gold deposits such as Nickel King (Ni), Ferguson Lake (Ni-Cu), and Meadowbank (Au) occur within or near the Snowbird Tectonic Zone, interpreted to be a suture between two Archaean crustal blocks, Rae and Hearne, which form part of the Churchill craton.

The primary exploration targets are magmatic nickel-copper ± platinum group element (PGE) sulphide deposits and shear-zone-hosted gold deposits.  The geology of the project area is folded and contorted amphibolite to granulite- grade Archaean gneisses, granitoids and minor amphibolites. Gabbros and rare ultramafic bodies of unknown age intrude the Archaean rocks.