Big Red Mining Corp. expands Dobie Lake copper property
"We are excited to work with local prospectors to expand the property holdings of Big Red in the Algoma area of Ontario," said Jag Sandhu, CEO of Big Red.
"We consider this area to have great potential based on the widespread copper mineralization and past production in the area. Our expanded footprint is important and gives us a large land holding in a highly prospective area."
Big Red Mining Inc. announced expansion of its Dobie Lake Copper Property to the east and west. Big Red has acquired more ground which will add approximately 2100 Acres to the existing Property.
Cobalt (Gryba) Claims
The Cobalt claims lie to east of the Dobie Lake Copper claims (the orange claims in Figure 1 above). The area appears be the extension of the North No 1 Zone (Figure 1). Rock sampling from trenches in the North Zone have returned values up to 6.78% copper in veins of massive chalcopyrite. The Cobalt claims adjoins the property of Kobold Metals, a company whose mandate is to identify projects with potential to host Energy Metals, which has a known cobalt occurrence.
About Kobold Metals
KoBold Metals is privately held and backed by investors committed to the long-term development of new battery metal resources. The principal investors in Kobold Metals are Breakthrough Energy Ventures, a climate technology fund overseen by Bill Gates, Jeff Bezos, and other global business leaders; Andreessen Horowitz, the premier Silicon Valley venture capital fund; and Equinor, the Norwegian state oil company.
The Skead Holdings Property
The property acquired from Skead Holdings comprises claims to the east and west of the existing Dobie Lake Copper Property.
The claims to the east of Dobie Lake Copper cover an area known as the "Southeast Trench" which has yielded, in past work, massive chalcopyrite veins with grab samples up to 5% copper. The newly discovered Alpha Vein on Big Red's property is projected to extend to the Southeast Trench area giving a strike length of over 1.5 km to this copper-bearing structure.
The property to the west of the Dobie Lake Copper claims includes the western extension of the Alpha vein and covers the former producing Jentina mine property. Indications of the western extension of the Alpha Vein (No. 2 Zone) were discovered during prospecting on the west side of the Skead claims in 2021. If confirmed, this would add another 1.6 km to the western extent of the No. 2 copper mineralized zone.
Tags: Northern Ontario / Exploration / Copper / All Articles