Properties

THE KOPER LAKE PROJECT
 

The Koper Lake Project property is located in North-western Ontario, approximately 280 kilometres north of the town of Nakina. It consists of about 1,024 hectares covered by 4 unpatented mining claims. KWG Resources Inc. has an option to earn up to 80% in any chromium production and 20% in other minerals, and Bold Ventures Inc. in turn have an option to earn a 100% interest in the property from Fancamp Exploration Limited, with Bold being the operator in the initial option period. The area is underlain by Archean volcanics and ultramafic rocks intruded by a granodiorite complex. The Koper Lake Project property is underlain by a multi-phase layered ultramafic intrusion consisting of peridotite, olivine cumulates including dunite, chromitite, pyroxenite and gabbro that have been transected by a major deformation zone. The chromitite consists of fine grained disseminated to massive accumulations of chromite grains typically in a peridotite to olivine intercumulate matrix. Exploration to date has consisted of geophysics followed by diamond drilling designed to look for nickelcopper mineralisation and to trace the chromitite. The chromitite has been traced approximately 0.6 kilometres along strike and 1 kilometre down dip. The current objective is to define a chromite deposit that can be economically extracted using underground mining techniques.

For more information on the Koper Lake Projectclick here.

THE BIG DADDY PROJECT
 

The property is located in North-western Ontario, approximately 280 kilometres north of the town of Nakina. It consists of approximately 1,241 hectares covered by 7 unpatented mining claims held in a joint venture between Canada Chrome Mining Corporation (30%), Cliffs Chromite Far North Inc. (30%) and Cliffs Chromite Ontario Inc. (40%). Canada Chrome Mining Corporation is a 100% owned subsidiary of KWG Resources Inc. (KWG). Cliffs Chromite Far North Inc. and Cliffs Chromite Ontario Inc. are both 100% owned subsidiaries of Cliffs Natural Resources Inc.

The area is underlain by Archean volcanics and ultramafic rocks intruded by a Granodiorite complex. The Big Daddy chromite deposit is hosted by a multi-phase layered ultramafic intrusion consisting of peridotite, olivine cumulates including dunite, chromite, pyroxenite and gabbro. The chromite mineralisation consists of fine grained disseminated to massive accumulations of chromite grains typically in a peridotite to olivine cumulate matrix. There are multiple layers of significant chromite accumulation. Exploration to date has consisted of geophysics followed by diamond drilling designed to trace the Big Daddy chromite zone approximately 1.2 kilometres along strike and approximately 490m down dip. The ultimate objective is to define a chromite deposit that can be economically extracted using a combination of open pit and underground mining techniques.

For more information on the Big Daddy Chromite Deposit click here.

The Railway Claims

CCC has staked the Railway Claims which cover a unique linear sand ridge, containing consolidated and non-consolidated aggregates and is anticipated to be suited for the construction of a railroad embankment to transport materials, including any mined materials, in and/or out of the Ring of Fire area. See Annual Information Form, “General Development of the Business - Three Year History and 2014 Developments - 2012” for more information.

Chromium IP

As part of its initiative to develop and identify opportunities to improve the conventional technology related to the conversion of chromite ores into metallised chrome and iron alloys, the Corporation has acquired an ownership interest in the Chromium IP. See Annual Information Form, “General Development of the Business - Three Year History and 2014 Developments - 2014” for more information.