Knife Lake *
Royalty
Region:
Saskatchewan
Royalty Terms:
2% NSR, Buydown 1% for $1m
Project Status:
Advanced Exploration
Owner / Optionee:
Rockridge Resources Ltd.
Area (ha):
56865
* Subject to third-party approval/notification
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 November 28, 2022