Makwa Nickel


Makwa Nickel Property

(formerly Maskwa Project)
 

Overview
Mustang Minerals acquired the Makwa Property in 2004.  Mineral tenure is held through a Mineral Lease (granted by the Province of Manitoba) over the deposit and through  unpatented surface claims surrounding the Mineral Lease.  Mustang completed several phases of drilling on the property between 2004 and 2008.   A NI-43-101 compliant report was published in May 2008 to announce the results of a pre-feasibility study of the Makwa deposit. The study was based on the estimated mineral reserve of 7.11 million tonnes containing 0.64% nickel, 0.13% copper, 0.01% cobalt, 0.10 g/t platinum and 0.37% g/t palladium. The open pit mine production plan in the study was based on an ore mining rate of 2750 tonnes per day and a milling operation producing an average of 9.2 million pounds of nickel per year in concentrate. By product credits included revenues for platinum group metals, copper and cobalt. The study concluded that “the Makwa Project contains an economic mineral reserve and warrants continued development to the full feasibility stage.”  

Mustang announced an updated resource estimate as of October 14, 2009 prepared by Micon International Limited (Micon) which presented the mineral resources contained within an optimized open pit generated using the Whittle software package.   

With the success of the drilling at Mayville the Company announced it would  proceed with a preliminary economic assessment combining the resources of Makwa with those at Mayville.   Results of the PEA were announced in April 2014.

Property Geology
The local geology at the Makwa Property is shown in figure 7-5. The location of the past producing Dumbarton Deposit ( mined by underground methods from 1969-1974 is shown. ) RPA recommended that drilling be completed at Dumbarton to evaluate the potential for additional resources.

click on images below for larger version

DUMBARTON 2014 TRENCH MAP with ASSAYS

A longsection showing the contoured nickel grades for the Makwa Deposit is shown below.