Commodities of Interest:
Critical Minerals (Ni, Cu, Co, Pt, Pd)
Location:
75 km SSE of Timmins, 30 km NW of Gowganda, north-northeast of Shining Tree,
Ontario
Size:
36 claims, ~542 ha. Claims are situated within Raymond township.
Property Acquisition:
36 claims staked January 2025
The area is underlain by Archean mafic to felsic metavolcanic rocks, intrusions and lesser metasediments. The Archean basement is partially overlain by Proterozoic clastic metasedimentary rocks of the Huronian Supergroup. Volcanic rocks consist of intermediate to felsic volcanic rocks of the Tisdale assemblage, with local accumulations of mafic-ultramafic volcanic and intrusive rocks. Volcanic rocks exposed south of Ferris Lake represent a small window into the Archean basement where Neo-Mesoarchean Keewatin age mafic metavolcanic rocks are exposed and unconformably overlain by the Huronian cover sequence.
Structurally, the area is cut by several north-south to north-northwest trending regional scale faults cutting both the Archean and Proterozoic sequences. A prominent west-southwest trending fault passing through Lloyd Lake and into Ferris Lake could be interpreted to be the southwestern extension of the Larder Lake-Cadillac break.
Past Exploration in the Ferris Lake area is limited and appears to have focused on VMS targets within intermediate to felsic volcanic host rocks with coincident EM conductors north of Ferris Lake. Assessment work history dates back to 1965. Historic work consists of diamond drilling, geophysical surveys, and assay work. Very few assays reported over the history of the area. In 1990, the area was targeted for magmatic Ni-Cu-PGE sulphides after an airborne magnetic survey revealed a large (~16km2), circular magnetic anomaly at the southeast end of Ferris Lake. In 1999, a single drill hole into the centre of this anomaly intersected more than 50m of massive dunite beneath 342m of Gowganda Formation metasediments. No further drilling was executed, and the basal contact of the intrusion was never tested for possible Ni+/-Cu-PGE mineralization. Historic sampling of the dunite confirms its ultramafic composition, and elevated nickel (avg. 2500ppm Ni).
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