 | 
| |
 | | Hawk Ridge, Quebec
|
| |
| Status: | | Advanced exploration |
| Commodities: | Copper, nickel, platinum, palladium, gold |
| Ownership: | 100% |
| Operator: | Virginia Energy Resources Inc. |
| Location: | 130 km northwest of Kuujjuak, Ungava Bay region, Quebec |
| Mineral Rights: | 10,442.8 hectares in 243 CDC cells |
The Hawk Ridge Cu-Ni-Pt-Pd-Au property is well situated less than 5 km from tidewater on Ungava Bay, Quebec. Virginia's predecessor Santoy Resources Ltd. acquired the property through a merger with Troymin Resources Ltd in 2003. The property is located near the northern end of the Labrador Trough (New Quebec Orogen), an Early to Middle Proterozoic folded volcanic-sedimentary sequence intruded by gabbro, pyroxenite and peridotite sills. The target on the property is massive and disseminated, magmatic Cu-Ni sulphide deposits similar to the Raglan Mine in the Cape Smith (Ungava) fold belt to the north, and the Thompson nickel belt of Manitoba.
A substantial amount of drilling has been completed on the property since the early 1960s. Both high-grade massive sulphide and lower-grade disseminated mineralization has been discovered in trenches and drill holes. Minor past high-grade production is reported to have taken place from the Pio Lake deposit in the early 1980s. Eleven deposits and numerous lesser targets have been identified on the property including the Hopes Advance North, Main, and Middle zones; Mac I and II; Pingo; Gamma; Pio East and West zones; and the Gabbro zone. Drill results, geophysical surveys and preliminary metallurgical studies and resource calculations are available in historic reports but have not been verified by the company.
This property is available for option or outright sale as it is not core to the Company's current focus on uranium. It has over $3 million in excess assessment work credits and will remain in good standing for many years.
Maps and Figures
|
| |
| | You can return to the Top of this page
|
| | |
