The Company is focused on exploring and developing its sizable holdings in the Ambler Mining District in Alaska. The most advanced projects in this prospective district are Arctic and Bornite.
Arctic is one of the highest-grade copper deposits known in the world with an average grade of 5% copper equivalent*.
The Arctic deposit (“Arctic”), is a polymetallic volcanogenic massive sulphide deposit located approximately 470 kilometers northwest of the City of Fairbanks, Alaska. Current activities are focussed on engineering and environmental site investigation studies that will form the basis for completing a future pre-feasibility study.
KEY FACTS| Location | Alaska, USA |
| Deposit Type | Volcanogenic Massive Sulphide |
| Unit | Ambler Sequence |
| Age | Devonian |
| Approximate Thickness | 700 – 1850 meters |
| Main Economic Elements | Copper, Zinc, Lead, Gold, Silver |
* Arctic Property NI 43-101 Technical Report entitled “Preliminary Economic Assessment Report on the Arctic Project, Ambler Mining District, Northwest Alaska” effective September 12, 2013. A copy of the Arctic Technical Report is available here as well as at www.sedar.com or www.sec.gov.
Bornite is a high-grade copper deposit with significant exploration potential, located in a safe, mining friendly jurisdiction.
The Bornite deposit (“Bornite”), is a carbonate-hosted copper deposit located approximately 25 kilometers southwest of the Company’s Arctic project. Current activities are focussed on exploration, with mineralization remaining open to the north, northeast and south.
| Location | Alaska, USA |
| Deposit Type | Carbonate-Hosted Copper |
| Unit | Bornite Carbonate Sequence |
| Age | Lower Devonian to Upper Silurian |
| Approximate Thickness | 200 – 1000 meters |
| Main Economic Elements | Copper |
