Exploration Update: Nikka Deposit at McFaulds

By Matt Deller, Senior Geologist

Initially discovered in 2003, the McFaulds copper-zinc VMS property was more or less forgotten after the Eagles Nest nickel-copper-PGE deposit and the Black Thor chromite deposit were discovered and came to define the potential of the Ring of Fire.

When Noront started exploring the McFaulds property in 2017, after a project review the previous winter, we thought there was a lot of potential.

The first thing we did was survey historic drill holes with a borehole electromagnetic (EM) system. We identified several conductive anomalies and drilled at the highest priority target.

The exploration team looking at core from Nikka Lens #8

We were excited when the first hole identified a new, previously unknown massive sulfide body. We called it the Number 8 Lens and made it the focus of additional drilling over the next few years.

In Fall 2019 we began a resource estimate to quantify the size and grade of the No. 8 Lens and provide updated resource estimates for the No. 1 and No. 3 Lenses. We also collected positioning data for the historic drill holes to help us create better geological modelling and brought in an independent geologist to provide an estimate on all three lenses.

Because they are in close proximity, we consider these three lenses to be a single deposit with multiple zones. Going forward, we are calling it the Nikka Deposit. Nikka means Canada Goose in OjiCree and maintains the boreal forest bird theme that Noront follows in naming its various deposits.

Based on our geological understanding, and the promising targets we have generated since we began exploring here in 2017, we believe there is much more to be found at McFaulds.