Gossan s Industrial Mineral Opportunities in Manitoba

Transcription

1 Gossan s Industrial Mineral Opportunities in Manitoba Presentation to: Gossan Resources Limited James Bamburak, M.Sc., P.Geo. July 2003 Manitoba Industry, Trade and Mines

2 Industrial Mineral Opportunities in Manitoba Manitoba s Business Advantage Strategic Central Location Mid-Continent Trade Corridor Maritime Province Near-Surface Geology ranging from Archean to Recent Diverse and Stable Economy Highly Competitive Business Costs Skilled Multicultural Workforce Well-developed Modern Infrastructure Abundant, Inexpensive Hydro-electric Power Manitoba Industry, Trade and Mines

3 Industrial Mineral Opportunities in Manitoba Manitoba s Business Advantage Strategic Central Location Mid-Continent Trade Corridor Maritime Province Near-Surface Geology ranging from Archean to Recent Diverse and Stable Economy Highly Competitive Business Costs Skilled Multicultural Workforce Well-developed Modern Infrastructure Abundant, Inexpensive Hydro-electric Power Manitoba Industry, Trade and Mines

4 A comparison of Canadian Cities electrical costs cent/kwh Winnipeg Vancouver Montreal Toronto General - Large Power Source: Hydro Quebec, May 2000

5 The N.A. comparison is even better cent/kwh 2 0 Wpg Seattle Portland New York General - Large Power Source: Hydro Quebec, May 2000

6 THIS GOVERNMENT RECOGNIZES THE IMPORTANCE OF THIS INDUSTRY AND WANTS TO SEE IT GROW! Hon. MaryAnn Mihychuk P. Geo., Minister of Industry, Trade and Mines, November 19, 1999 Over $1 billion in mineral production 15% of total exports Employing over 4000 people Manitoba Industry, Trade and Mines

7 Industrial Mineral Opportunities in Manitoba Deposits & Occurrences Precambrian Superior Province (Archean) Trans-Hudson Orogen (Proterozoic) Phanerozoic Western Canada Sedimentary Basin Hudson Bay Basin Precambrian Phanerozoic THO Superior W Canada Sedimentary Basin Phanerozoic Hudson Bay Basin Precambrian

8 Precambrian Chromite THO Superior Hudson Bay Basin BIRD RIVER LAYERED MAFIC ULTRAMAFIC SILL: A National-Ledin property B C Chrome property Peterson block D Page property E Maskwa-Dumbarton property Quartz diorite Mafic volcanic rocks A B C D 314 Chrome property Springer Lake Dumbarton Maskwa mine mine (Ni-Cu-Co-PGE) (Ni-Cu) E Page property F Lapin Lake 315 Bird Lake W Canada Sedimentary Basin Mafic volcanic rocks, associated with sediments Peterson Creek Felsic volcanic rocks Greywacke mudstone 315 Mafic volcanic rocks, associated with sediments Late granite km Bird River Bernic Tanco mine (Ta-Li-Cs) Lake Synvolcanic gabbro - diorite - granodiorite Felsic volcanic rocks Basalt

9 Precambrian Chromite Chrome Property Western Cut 2 1 PER IDOTITIC S CUT 3 Eastern Cut 4 Base Line GABBROIC ROCKS ROCKS Central Cut Pe te rson Creek Sulphide- and PG E- bearing rocks associated with: A) Chromi ti te Disrupted chromitite Lower chromitite B) Peridotite Disrupted peridotite Geological (approximate) Outcrop Fault Trench Access road Abandoned logging trail Channel sample locations (year 2000 project) Channel sample locati ons ( project) Geology modified after Williamson, Location of PGE-bearing rocks, i n part, adapted after Hulbert et al., Bird River Sill, SE MB Gossan Resources Limited 5 million tonnes of 7% Cr 2 O 3, as defined by 19 drillholes in m wide, 900 m long and 100 m deep Can be be upgraded to 27% Cr 2 O 3 by gravity methods metres

10 Precambrian Ilmenite & Magnetite THO Superior W Canada Sedimentary Basin Hudson Bay Basin Pipestone Lake Anorthosite Complex 15 km strike length Gossan Resources Limited & Cross Lake Mineral Exploration Inc. 243 million tonnes 9.28% ilmenite, 23.6% magnetite and 0.28% V 2 O 5 to a depth of 300 m additional resources present at Kiskitto Lake, 50 km SE

11 Precambrian Ilmenite & Magnetite Pipestone Lake Anorthosite Complex 15 km strike length Gossan Resources Limited & Cross Lake Mineral Exploration Inc. 243 million tonnes 9.28% ilmenite, 23.6% magnetite and 0.28% V 2 O 5 to a depth of 300 m additional resources present at Kiskitto Lake, 50 km SE

12 Phanerozoic Silica Sand THO Superior W Canada Sedimentary Basin Hudson Bay Basin Seymourville Ordovician Winnipeg Fm Gossan Resources Limited and others. Occurrence is 15 m thick and contains a potential 45 million tonnes of silica sand. The sand is exposed at surface or occurs beneath thin overburden. After washing, a similar sand from Black Island Quarry was marketed as being over 99.5% SiO 2.

13 Phanerozoic Silica Sand Seymourville Ordovician Winnipeg Fm Gossan Resources Limited and others. Occurrence is 15 m thick and contains a potential 45 million tonnes of silica sand. The sand is exposed at surface or occurs beneath thin overburden. After washing, a similar sand from Black Island Quarry was marketed as being over 99.5% SiO 2.

14 Phanerozoic High-purity Dolomite THO Superior Hudson Bay Basin Interlake Area Ordovician/Silurian Stonewall Fm. and Silurian Interlake Group Abundant outcrops of highpurity dolomite (21.6% MgO with <1% residue). W Canada Sedimentary Basin

15 Phanerozoic High-purity Dolomite Stonewall Quarry Ordovician/Silurian Stonewall Formation. Production of dolime and crushed dolomite from 1880 to 1965 by Winnipeg Supply and Fuel Company, Limited.

16 Phanerozoic High-purity Dolomite Stonewall Quarry Ordovician/Silurian Stonewall Formation. Production of dolime and crushed dolomite from 1880 to 1965 by Winnipeg Supply and Fuel Company, Limited.

17 Phanerozoic High-purity Dolomite Sandridge Area Silurian Fisher Branch Formation Gossan Resources Ltd. 80 km north of Winnipeg Geological resource of 67 million tonnes of dolomite averaging 21.6% MgO with less than 0.23% residue. Additional 33 million tonnes of similar grade is inferred

18 Phanerozoic High-purity Dolomite Sandridge Area Silurian Fisher Branch Formation Gossan Resources Ltd. 80 km north of Winnipeg Geological resource of 67 million tonnes of dolomite averaging 21.6% MgO with less than 0.23% residue. Additional 33 million tonnes of similar grade is inferred

19 Phanerozoic High-purity Dolomite STRENGTHS OF THE SANDRIDGE DEPOSIT Each quarter section should contain almost 1.9 million tonnes of high purity dolomite for each metre of depth (excluding thin marker beds and infill) Minimal stripping required Very low farming interest Very low water table Skilled labour available Nearby communities with many urban amenities Close proximity (120 km) to Manitoba s Capital Region All-weather Provincial Highway CP railroad track between Winnipeg and Arborg, located 45 km to the east

20 Manitoba Mining & Minerals Convention 2003 Winnipeg, Manitoba November 13-15, 2003 On the Web Manitoba Industry, Trade and Mines