BIANCO PROJECT

OVERVIEW

The Bianco Carbonatite Project is situated approximately 12½ km southwest of the Kingfisher Lake First Nation and 156 km north of Pickle Lake, Ontario. It comprises 85 single cell mining claims, encompassing approximately 3,735 hectares (9,229.3 acres), and is characterized by a geophysical magnetic anomaly consistent with carbonatite complexes observed in the region

Highlights

  • 3,735-hectare property covers large carbonatite complex within an area known for significant niobium mineralization.
  • Located in Northern Ontario approximately midway between the Schryburt Lake and Big Beaver House Carbonatite projects, both with known niobium (Nb) and rare earth (REE) mineralization.
  • The complex was identified and mapped by the Ontario Geological Survey in the 1970’s.
  • Winter road passes within approximately 18km of the Project.

Residual magnetic field geophysical data showcasing distinct magnetic signature on the Bianco property and on surrounding carbonatites

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HISTORICAL RESULTS

Historical Results

Originally identified and mapped during an Ontario Geological Survey (OGS) in the 1970’s, Bianco lies within an area known for significant Nb mineralization. The Project is strategically located between the Big Beaver House and Schryburt Lake Carbonatite projects. Historical results from these nearby projects include assays of 2.92% Nb₂O₅ over 1.6 meters and 1.05% Nb₂O₅ over 2 meters at the Big Beaver House property, as well as sampling results of 1.82% Nb₂O₅ from a grab sample and 0.40% Nb₂O₅ over 2.43 meters at the Schryburt Lake Carbonatite property.

Notably, no prior exploration activities have been conducted at Bianco, highlighting its potential as a promising target for future mineral discovery.

Mineralization at nearby or adjacent projects is not necessarily indicative of mineralization hosted on the Company’s projects.

Geology map detailing carbonatite complexes mapped by the OGS in the 1970s, as well as surrounding rock types

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WHAT IS A CARBONATITE?

How is it Formed?

  • Deep-seated magmatic intrusions
  • Rich carbonate mineral makeup, typically appearing as intrusive plugs or in forms like dykes, sills, breccias, or veins
  • Enriched with elements like niobium, rare earth elements, phosphorus, tantalum, scandium, and titanium
  • Carbonatites are relatively rare in geology, with notable sites including Araxá, Bayan Obo, Mt. Weld, Mountain Pass, and Palabora
  • Of the approximately 600 known carbonatites, about 10% mined
Economic Importance

  • Produce essential elements like niobium and rare earth elements, crucial for high-tech industries.
  • Carbonatite production drives economic development in energy, defense, and electronics sectors.