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Canada
Tyko, Ontario
Tyko Project: Nickel-Copper
Status
- 100% owned, Tier 1 Project.
Target
- Following multiple discoveries of extremely high-grade nickel and copper across over 20 kilometers of strike length, a new nickel district with Chonolith hosted massive and disseminated sulphides.
- Potential for Voisey’s Bay style magmatic sulphide Ni-Cu-PGE mineralization.
Location and Setting
The Tyko Project covers both the Tyko I & II properties comprising over 38,000 hectares located in Northwestern Ontario, and boasts excellent infrastructure with road, power and rail infrastructure close by. The surrounding area has a history of mining with several nearby current and past producing gold and base metal mines.
Land Status
The properties comprise 38,130 hectares and consist of 767 claims; 732 of which are 100% owned, 33 claims are 80% owned, and the Company is earning a 100% interest in three claims.
Geology and Mineralization
The Tyko Project is hosted in Archean aged, mafic-ultramafic rocks which have been disrupted by the Black Pic Batholith. The mineralization is nickel-rich with individual assays exceeding 10% nickel, with an average Ni:Cu ratio of ~2:1 and a Pt:Pd ratio of ~1:1. The overall sulphide tenors of the Ni-Cu-PGE mineralization are very high.
West Pickle Zone
2022 High-Grade Discovery
- The West Pickle Zone is located 20 kilometers to the west of the high-grade Smoke Lake Zone discovery and includes:
- 3.7 meters 2.3% Ni, 1.8% Cu, 0.09% Co, 0.21 g/t Pd, 0.21 g/t Pt, 0.03 g.t Au in hole TK-22-059
- Inc. 1.8 meters of 4.8% Ni, 3.7% Cu, 0.12% Co, 0.41 g/t Pd, 0.41 g/t Pt, 0.05 g/t Au
- Inc. 0.6 meters of 8.2% Ni, 1.6% Cu, 0.24% Co, 0.80 g/t Pd, 0.79 g/t Pt, 0.03 g/t Au
- 12.6 meters of 0.72% Ni, 0.34% Cu, 0.02% Co, 0.06 g/t Pd, 0.06 g/t Pt, 0.02 g/t Au in massive and disseminated sulphide in hole LK-22-060
- Inc. 2.4 meters of 3.18% Ni, 0.99% Cu, 0.06% Co, 0.18 g/t Pd, 0.19 g/t Pt, 0.02 g/t Au
- Inc. 0.5 meters of 7.60% Ni, 1.25% Cu, 0.12% Co, 0.18 g/t Pd, 0.20 g/t Pt, 0.02 g/t Au
- 10.1 meters of 2.5% Ni, 1.0% Cu, 0.03% Co, 0.14 g/t Pd, 0.10 g/t Pt, 0.02 g/t Au in massive and disseminated sulphide in hole TK-22-070
- Inc. 2.3 meters of 10.4% Ni, 3.4% Cu, 0.14% Co, 0.53 g/t Pd, 0.34 g/t Pt, 0.04 g/t Au
- Inc. 0.9 meters of 12.9% Ni, 2.7% Cu, 0.16% Co, 0.67 g/t Pd, 0.34 g/t Pt, 0.04 g/t Au
- West Pickle is now interpreted to be an extension of the historic RJ showing, along a potential feeder dyke system, located 2.7 kilometers to the east.
Smoke Lake Zone
2020 High-Grade Discovery
- The Smoke Lake Zone was discovered in Q4 2020 with the first hole (TK20-015) returning massive Ni-Cu sulphides at 30 meters depth.
- 36 holes totalling ~3,400 meters have been drilled on the Smoke Lake Zone (2020-2021) assaying up to 8.1% Ni, 2.9% Cu, 0.11% Co, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au over 3.8 meters in hole TK20-023.
- GT Resources was awarded the 2020 “Bernie Schnieders Discovery of the Year Award” for the Smoke Lake discovery. The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an exceptional discovery in Northwestern Ontario during the previous calendar year. Read more about our discovery here.
Chonolith Model
- Hole TK22-076 located 1.5 kilometers west of the West Pickle Zone intersected over 100 meters of ultramafic rocks include over 30 meters of ultramafic breccia, indicative of a high energy magmatic system. Similar ultramafic breccias, locally with rounded ultramafic clasts in a sulphide matrix have been observed at the RJ zone which has returned wide intersects including 85 meters grading 0.52% Ni and 0.23% Cu in hole TK16-002.
- Multiple chonolith structures have been interpreted and confirmed on the project, typically in close proximity to existing nickel-copper showings.
- With two high-grade massive sulphide discoveries, 20 kilometers apart, and multiple chonolith structures, Tyko is now considered a new district-scale sulphide nickel opportunity.
QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company. Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility. Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. (“Actlabs”) in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 % were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish. Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.
Note: All grades are in situ grades and accordingly do not take into account recovery rates.
Proposed Exploration Program
Drilling is planned once new Exploration Permits are received for both the Tyko I and Tyko II projects, with the objective to follow up robust soil sampling, reconnaissance mapping and prospecting programs conducted in 2023.
Agreement and Terms
The majority of the properties are subject an NSR, half of which may be bought back.