Recent Work:
MANICOUAGAN HAS COMPLETED AN AIRBORNE GEOPHYSICAL SURVEY AT BRABANT LAKE ZINC PROJECT, SASKATCHEWAN
In February 2011, Manicouagan completed a VTEM PLUS (Versatile Time Domain Electro Magnetic) survey over its 100% owned Brabant Lake property located in north central Saskatchewan, 175 kilometres north of the town of La Ronge. Final VTEM data is currently being processed by a third party consultant.
In early 2010, Manicouagan staked four additional four mining claims to the north and south of the Mining Lease that hosts the Brabant Lake Zinc deposit. The expanded land position now covers approximately 15 kilometres of the favourable horizon which hosts the Brabant Lake Deposit. Approximately 24 square kilometres were staked bringing the total land package in the Brabant Lake Area to over 28 square kilometres.
To view a summary presentation on Brabant Lake, please follow this link.
REVISED RESOURCE ESTIMATE -- 2008
- Zinc Grades improved by 77% to 9.18% Zn
- Copper grade improved by 39% to 0.79% Cu
The 2008 MPH/P&E NI 43-101 Resource Estimate incorporates drilling by previous operators. The new indicated resource category is a direct result of Manicouagan's 2006-2008 drilling campaign, which focused on the largely unexplored Lower Zone and included 49 drill holes for 15,360 metres.
This updated indicated/inferred resource estimate supersedes the prior NI 43-101 compliant inferred resource estimate previously determined by Deptuck et al in 1994 and reported in a NI 43-101 Technical Report completed by MPH with an effective date of September 15, 2006.
Potential exists to expand the indicated resource with additional drilling of the inferred resource.
2008 MPH/P&E Resource Estimate |
|
Tonnes |
Zn % |
Cu % |
Pb % |
Ag g/t |
Au g/t |
Zn lbs M |
Cu lbs M |
Pb lbs M |
Ag oz M |
Au oz |
Indicated |
1,475,000 |
9.18 |
0.79 |
0.23 |
32.6 |
0.15 |
298.5 |
25.7 |
7.5 |
1.55 |
7,100 |
Inferred |
2,975,000 |
5.55 |
0.55 |
0.13 |
13.9 |
0.10 |
364.0 |
36.1 |
8.5 |
1.33 |
9,600 |
*1)The resource for the Brabant Lake Zinc deposit was estimated on the basis of June 30, 2008 approximate $US three year trailing average metal prices of $1.27/lb zinc, $3.02/lb copper, $0.86/lb lead, $12.49/oz silver and $663/oz/gold, and a $US exchange rate of $0.912. An NSR cut-off of $75/tonne for underground mining and milling was utilized to report the resource.
*2) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
*3)The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.
*4)Contained metals, expressed in pounds (lbs) and troy ounces (oz), presented in the table above are the product of resource tonnes multiplied by metal grades and are provided for information purposes only and not meant to imply recoverable product as mineral resources which are not mineral reserves do not have demonstrated economic viability.
Mineralization
Mineralization occurs in two main zones referred to as the Upper and Lower zones. The zones strike northeast (grid north) and dip moderately to the northwest. They are typically less than 10 metres in thickness and are sub-parallel. Drilling on the property has focused on the Lower Zone, which is on average almost twice the grade of and 50% thicker than the Upper Zone.
Location and Ownership
Manicouagan purchased a 100% interest in the property in June 2006 in return for a one-time payment of $300,000 to Longyear Canada, ULC. The deposit itself is found within a Mining Lease consisting of 21 claims covering an area of 4.11 square kilometres. There are no third party royalties.
Manicouagan holds a 100% interest in the four additional claims staked in 2010.
Project Maps
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