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. Arctic is at Pre-Feasibility Stage and current activities are focused on advancing Arctic to feasibility and permitting.
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 |
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-cobalt 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-Cobalt |
| Unit | Bornite Carbonate Sequence |
| Age | Lower Devonian to Upper Silurian |
| Approximate Thickness | 200 – 1000 meters |
| Main Economic Elements | Copper and Cobalt |
