The following information regarding the Riverbank Claims has been excerpted from the Riverbank-Broke Back Technical Report. The qualified person responsible for the disclosure about the Company’s mineral property is Alan Aubut P.Geo. The full report is available on this website under Filings.
Alan Aubut P.Geo of the Sibley Basin Group completed a NI43-101 Technical Report of the geology and work done to date on the Riverbank Claims in the McFauld’s Lake Area, Ontario. The Report recommends a first phase exploration program consisting of ground geophysics followed by diamond drilling to confirm the presence of magmatic sulphides. The recommended budget for this program is $627,000.
The Riverbank property consists of one unpatented mining claim.
The property is located in the Kasabonika-McFauld’s Greenstone belt, part of the Sachigo sub-province of the Precambrian Shield area of Northwestern Ontario, approximately 540 km north-north east of Thunder Bay, Ontario and 350 km north of Geraldton, Ontario The project area is located along the western margin of the James Bay Lowlands within the Tundra Transition Zone consisting primarily of string bog and muskeg whereby the water table is very near the surface. Average elevation is approximately 170 m above mean sea level. The property area is predominantly flat muskeg with poor drainage due to the lack of relief. Glacial features are abundant in the area and consist of till deposits, eskers, and drumlins, all of which are typically overlain by marine clays from the Hudson Bay transgression.
The properties are believed to be underlain in part by mafic to ultramafic rocks that potentially could host nickel –copper mineralization. Prior to the acquisition of the option interest in the property by Zara, Melkior completed an airborne VTEM survey and associated aeromagnetic survey by Geotech. This was followed by three diamond drill holes in 2011 totaling 416 m. No obvious targets were identified on the Broke Back property but a number of conductive trends are present on the Riverbank property. The work to date has not disproved that the properties are underlain by rocks that include ultramafic bodies. The geophysics done to date still indicates that the target model of mafic-ultramafic associated nickel bearing magmatic sulphides is valid. Exploration over the properties to date has consisted primarily of geophysics followed by limited diamond drilling.