Knife Lake Drill Core Box Tag

Knife Lake Royalty

Region
Saskatchewan
Owner/Optionee
Rockridge Resources Ltd.
Commodity
Copper
Silver
Zinc
Gold
Cobalt
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
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 27, 2024