Overview
At the Joyce River project, the Joyce River Gabbro is in contact with magnetite facies banded iron formation hosted in gneiss, which is exposed in trenches.
Trenches completed by Prospector Ray Frank from 2006-2010 reveal significant mineralization (5% pyrite, pyrrhotite, and chalcopyrite) in veins and clots, as well as sulphide-bearing quartz veins within the gabbro, which is 5 meters wide at surface.1
In 2012, Advanced Exploration Inc. conducted various exploration activities, including helicopter EM, mag, mapping, soil sampling, and trenching.1 EM anomalies were identified over a 1.6 kilometer trend.2 In 2019, Meteoric Resources drilled 4 holes targeting primarily Au and Co, which was unsuccessful,2 but did intersect 1.845% Cu over 0.61 meters.*
1 https://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000001334.html
2 https://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000017062/20000017062_01.pdf
*True widths are unknown. Elemental has not performed sufficient work to verify the published data reported above, but believes the data is reliable and relevant.
Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.
Cornerstone assets
