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Knife Lake Royalty
Royalty Terms
2.5% NSR on 31,738 ha and 1.5% NSR on 1,822 ha with a buydown of 1.5% for $2M that applies to both areas
Area (ha)
33560
Project Status
Advanced Exploration
The Knife Lake Property is located 136 km NW of Flin Flon, Manitoba and accessible by float or ski-equipped plane. The property is host to a NI43-101 Cu-Zn-Ag-Co VMS deposit consisting of a pit-constrained indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource of 7.9 million tonnes at 0.67% CuEq using a 0.4% CuEq cut-off.
A winter road crosses the property providing seasonal access for tracked vehicles and a 357kV powerline runs within 16 km of the Knife Lake Deposit area.
Highlights
- Host to shallow VMS mineralization with an NI 43-101 compliant resource and potential for structural repeats
- Excellent regional geology highly prospective for VMS mineralization
- Untested regional geophysical targets with potential for VMS style mineralization
- Significantly underexplored region with encouraging early results
- High-voltage Hydro Transmission line located 8km south of property
Updated August 16, 2023
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