East Bull Lake PGM


East Bull Lake PGM

Property Profile:
The Property is a 20km long mafic intrusive complex located 80km west of Sudbury, Ontario. It consists of two separate zoned intrusions joined by a 5km long feeder dyke (see map below). The project is considered to have excellent potential to host significant nickel/copper, PGM deposits located within a world class metal province. Since the 1880’s the Sudbury mining camp has produced over 16Mt nickel with significant copper/PGM credits.



 

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Recent Exploration & Summary:
In May 2007, Mustang completed a detailed Geotech heliborne VTEM survey over the project and identified previously unknown VTEM anomalies which in several locations are associated with highly anomalous nickel-copper-PGM values in surface samples and drilling. Then in early 2008 initial drilling of the first VTEM target (Parisien Lake) yielded intersections that included 1.1m @ 9.3% copper and 12/5 g/t PGM from 89m down hole depth and 10m at 0.4% nickel at shallow depth. Historical drilling at East Bull Lake prior to Mustang’s involvement intersected 0.5m @ 3.9 % nickel in the central part of the intrusion.
Follow up exploration work has included drilling and a ZTEM survey over a large part of the intrusion.

 

Mineral Exploration History
Limited activity took place between 1950 and 1962 involving a number of mining and exploration companies that were exploring a portion of the property for copper and nickel deposits. The potential for PGM deposits on the property was not considered until the late 1980's, by which time the central part of the property (including the Moon Lake Target area) had been withdrawn from staking. In 1990, the Ontario Ministry of Northern Development provided funds to Laurentian University to study the mineral potential of intrusive rocks between Sudbury and Elliot Lake. These studies focused mainly on the East Bull Lake Intrusive. From 1990 to 1995 fieldwork including geological mapping, sampling (over 1,000 samples), and analysis of Atomic Energy of Canada's drill core was completed. Metallurgical and petrographic studies were also completed. The 1993 Ontario Geological Survey Reports concluded that the "potential exists for extremely large tonnages of sulphide mineralization, perhaps even massive sulphides (along the floor of the intrusion), which have platinum-group element-enrichment levels equating to reef environments."