The South Voisey's Bay (SVB) Property is
located 260 kilometres north-northwest of Goose Bay and
80 kilometres south of the Voisey's Bay nickel, copper,
and cobalt mine which accounted for more than 28 per cent of nickel, 18 per cent of Cobalt and 6 per cent of Copper production in Canada by 2013
(Source: US Geological Survey, 2014; Vale S.A., 2014 ).
Access is via helicopter or float plane.
At this time the SVB Property consists of 7 licences totaling 4,258 ha.
The Property encompasses gabbros of the
Pants Lake mafic intrusive complex (PLI) situated at the
tectonic boundary between the Nain and Churchill provinces
dominated by basement gneisses. The PLI, consisting of
the South, North, Worm, and Mineral Hill intrusions, has
been the main focus of all mineral exploration on the
Property to date.
The PLI is the only significant analogue
to the Voisey's Bay Mine in Labrador. There are clear
similarities between the geological settings, age, petrology,
and geochemistry of the Pants Lake Intrusion underlying
the South Voisey's Bay Property and that of the analogous
mafic rocks in the Voisey's Bay area.
Voisey's Bay Mine - Reserves 2016
The Voisey's Bay Mines transitioned from open pit ore from the Ovoid deposit to underground ore was approved for execution in 2016. The first underground ore is expected to be delivered from the Reid Brook deposit in 2021. When complete the underground mine will produce an average of 46,000 tons of contained nickel per year and extend the operational life until 2032.
Source: Vale S.A. - Form 20-F for the year ended December 31, 2016 as filed with the SEC April 10, 2017.
The Property is 85% owned by Commander
Resources Ltd. and 15% by Fjordland. The Property is unencumbered.
Fjordland expended $350,000 during 2014 carrying out a large scale magnetic and UTEM 3 ground geophysical surveys thereby earning its 15%. Commander
is currently the operator.
Magmatic sulphide mineralization associated
with gabbroic rocks in the Pants Lake area was initially
recognized in 1991, but received no exploration attention
until 1995. From 1995 to 2008 extensive exploration was
completed on the Property by a number of operators including
Donner Minerals, Commander Resources, Teck Exploration,
and Falconbridge Limited. Exploration included stream
sediment geochemistry, prospecting and geological mapping
of the PLI, geophysical surveys including airborne and
ground magnetics, airborne EM and MegaTEM, gravity, HLEM,
IP, TDEM, AMT, and UTEM, and diamond drilling totalling
144 holes (35,102 metres).
At this time, three areas of the property
show the best potential for hosting large high-grade nickel
and copper mineralization;
1) the 2002 discovery by Falconbridge Ltd
of a strong UTEM conductor west of the Worm intrusion
2) a possible feeder vent at the central portion of the
Taheke lobe, and
3) the deep massive sulphide target at the eastern extension
of the Taheke lobe (Sarah Target).
In November 2014 Fjordland commissioned
ground geophysical surveys including magnetics (42 line-km)
and a UTEM 3 (22.6 line-km) survey. The UTEM survey consisted
of both inside and outside a large loop to measure both
horizontal and vertical conductors.
The survey delineated an extremely strong,
sub-horizontal conductive body approximately 350 metres
by 400 metres in size, elongated north-northwest (Sandy
target). A group of four sub-parallel steeply dipping
conductors were also delineated (Sandy North target).
These conductors, located 1 kilometre to the north of
the Sandy target, are closely associated with the basal
portion of the Worm gabbro body.
A follow-up program is planned that will consist
of drill testing six diamond drill holes (1,000 metres)
on the 2014 UTEM targets. A minimum of two 200 metre deep
drill holes are planned to test the Sandy conductors and
possible depth extensions. Four holes are planned for
the Sandy North UTEM targets. The estimated cost of drilling
Please click here or on the thumbnail to your right for a comprehensive overview of the PLI authored by A. Kerr of the Newfoundland Department of National Resources entitled " The Pants Lake Intrusion, Central Labrador: Geology, Geochemical and Magmatic Ni-Cu-Co Sulphide Mineralization. To review Summaries and Conclusion please refer to pages 109 - 124 of this document.
Note: John Peters, PGeo is the QP who has
reviewed the data presented.
Last update on May 16, 2017