Location and Access

 

The Copper Prince Property is located within Falconbridge Township, in the Sudbury Mining District (Figure 1).

 

Access to the Property is provided through the Glencore Smelter yard located in the Town of Falconbridge, Ontario.  A road leads southeastward from the smelter gatehouse for approximately 3 km, where a small gravel road turns off the northeast and crosses a rail line.  Immediately after the rail line, a trail is followed for 4 km to the Property.

 

Tenure

 

The Copper Prince Property is comprised of sixteen contiguous patented mining claims totaling 256 ha, and four unpatented mining claims totaling 176 ha (Figure 2, Table 1,2).  The Property is bound by UTM coordinates 517110E to 521134E, and 5155350N to 5158160N.  CBLT Inc. is the registered owner of both the patented and unpatented mining claims.

 

Table 1: List of Patented Mining Claims, Copper Prince Property

 

S25668S25731S51303S51304
S51548S51549S51550S52069
S52070S52071S52306S52307
S56015S56016S56017S58007

Table 2: List of Unpatented Mining Claims, Copper Prince Property

 

42789874278998
42789884278989

Regional & Property Geology

 

The Property lies within the Sudbury Structure and the area explored is about 4 km SE of the

ovoid of the 1.85 Ga. Sudbury Intrusive Complex (SIC). It lies within the dominantly clastic, sedimentary rocks of the 2.45 Ga. (and younger) Huronian Supergroup, with the Property and adjacent areas underlain by Mississagi, Bruce, Espanola and Serpent Formations (Figure 2). The Huronian rocks are intruded by the regionally extensive, sill-like bodies of the 2.2 Ga. Nipissing Gabbro. All of these rocks, as with the SIC, have been deformed in the east-northeast trending, 1.7 -1.9 Ga Penokean fold belt and orogeny and the Huronian rocks have been metamorphosed to the greenschist facies. Although outside the area of the SIC ovoid, the Property lies well within the area previously thought to have been covered by the Sudbury impact crater and includes offset dykes and units of the Sudbury Breccia. The South Range Breccia Zone, which hosts important Cu-Ni-PGM ore

Figure 1: Location of the Copper Prince Property, Northeastern Ontario, Canada.

 

 

bodies to the west, projects through the Copper Prince Property. The Manchester Off-set dyke with its Cu-Ni-PGM mineralization lies about a km to the southeast.

 

Both Cu-Ni-PGM and gold occurrences and showings are present in the general area. As well, the Property lies within a broad zone of gold showings and small to marginal deposits that stretches from south of Espanola in the west, along the south side of the Sudbury basin to the Lake Wanapitei area. Deposits in the Huronian gold belt area are characterized by widespread albitization with silica flooding and carbonate veins. Pyrite, chalcopyrite, arsenic minerals and cobalt-arsenic minerals and native gold occur in late quartz veins within this alteration package (Beecham, 2017).

 

 

Figure 2: Tenure of the Copper Prince Property

 

 

Historical Work

 

The Copper Prince showing, located on patented mining claims owned by CBLT Inc., has reportedly returned assays of up to 1.1 oz/ton Au of 5.0 ft, and 4.8% Cu and 0.07 oz/ton Au over 5.0 ft.  The Falcon Gold Mine, located to the immediate west of unpatented mining claim 4278989, and not on the Copper Prince Property, was discovered prior to 1900 and operated intermittently until the late 1930’s or early 1940’s.  In 1988, Falconbridge Ltd. completed diamond drilling and delineated 59,400 tons grading 0.226 oz/ton Au (Bailey, 1994).  The resource estimate is a historical estimate as defined by National Instrument 43-101. There has been no review of the methods and results of this historical resource estimate by a Qualified Person. No attempt was made to reconcile the historical resource calculations as reported.

 

Mineralization at the Copper Prince showing and the past-producing Falcon Gold Mine is associated with an east-west orientated fault zone, known as the Garson Fault.  At the Falcon Gold Mine, mineralization is associated with albitization, chloritization, silification, and sulphidization of the host meta-sedimentary rocks.

 

Recent Work

 

In the summer of 2016, CBLT (formerly known as Green Swan Capital Corp.) completed mechanized stripping, prospecting, and diamond drilling in the area of Ed’s Watering Hole. Significant mineralization was observed on surface where a narrow quartz-amphibole veins carry significant amounts of cobaltite and gold. The veins appear to cut Sudbury Breccia, which would suggest the mineralization post‐dates the emplacement of the Sudbury Igneous Complex.  The mineralized veins may not be typical of Cobalt‐type mineralization, but it may have been remobilized from such mineralization during subsequent metamorphism, or more likely to have been remobilized from proximal footwall mineralization related to the SIC.

 

CBLT collected 157 grab samples around Ed’s Watering Hole. Significant Au, Co, Cu and Ni values are reported (up to 4.5% Co, 25.5 g/t Au -see News Releases dated June 20th, August 15th, September 26th, 2016). In the fall of 2016, a program of 5 diamond drill holes totaling 299m was completed to test the area of Ed’s Watering Hole. Significant gold values including 5.34 g/t over 0.20m (CP16-01), and 0.955 g/t Au, 0.077% Co over 1.00 m (CP16-01), 0.835 g/t Au over 1.35 m (CP16-02) were reported (see News Releases dated December 14th, 2016, and January 11th, 2017).

 

During the 2017 field season, the Sudbury District Geologist visited the Copper Prince Property and collected 8 grab samples. The results of those samples were made available to CBLT. Highlights included include 3.43, 3.57, 6.58, and 27.84 g/t Au, and 1.15% Cu (see News Release dated January 9th, 2018). Three samples exceeded detection limits (two for cobalt, one for copper) and are being re-processed.

 

In the summer of 2017, CBLT completed 2.8 km of gradient array chargeability and resistivity surveying over Ed’s Watering Hole (Figure 4 & 5). This was followed later in the fall by the collection of 38 soil samples to the north and south of Ed’s Watering Hole, as well as 9 grab samples taken in the vicinity of Ed’s Watering Hole (Picture 1). Assay results are currently pending.

 

 

 

Figure 3: Property Geology (after MRD 216).

 

 

Figure 4: Chargeability Plan Map

 

 

Figure 5: Resistivity Plan Map

 

 

Picture 1:  Sampling at Ed’s Watering Hole, November 2017.  Note Co-Au bearing Quartz Vein  underneath JMK personnel.

 

 

Picture 2:  Visible disseminated to blebby Cobalt mineralization within quartz vein, Ed’s Watering Hole.

 

 

Conclusion

 

The Copper Prince Property is prospective for shear-hosted Au-Cu mineralization along the Garson Fault System, as well as Ni-Cu-PGE mineralization.

 

The Garson Fault system hosts the nearby past producing Falcon Gold Mine, as well as the Copper Prince Showing.  Co-Au vein-type mineralization is also present on the Property at Ed’s Watering Hole, which may also be associated with the Garson Fault System.  Further work should concentrate on structures known to host mineralization on the Property, including identifying alteration zones that may be associated with gold, copper, and cobalt mineralization.

 

On the nearby Falcon Gold Property, diamond drilling in 1988 east of the historical resource intersected a pyrite-pyrrhotite-chalcopyrite-rich zone at a vertical depth of 540 ft. This zone averaged 0.14% Ni, 0.26% Cu, and 705 ppb Au over a core length of 28 ft and included a 3.4 ft section grading 0.50% Ni and 0.56% Cu and a 2.5 ft section grading 0.076 oz Au/ton (Bailey, 1994).  If this is related to the SIC and potentially an offset dyke environment, then this feature should project onto the Copper Prince Property.  Further compilation work would be required to support this.

 

COPPER PRINCE

Location and Access

 

The Copper Prince Property is located within Falconbridge Township, in the Sudbury Mining District (Figure 1).

 

Access to the Property is provided through the Glencore Smelter yard located in the Town of Falconbridge, Ontario.  A road leads southeastward from the smelter gatehouse for approximately 3 km, where a small gravel road turns off the northeast and crosses a rail line.  Immediately after the rail line, a trail is followed for 4 km to the Property.

 

Tenure

 

The Copper Prince Property is comprised of sixteen contiguous patented mining claims totaling 256 ha, and four unpatented mining claims totaling 176 ha (Figure 2, Table 1,2).  The Property is bound by UTM coordinates 517110E to 521134E, and 5155350N to 5158160N.  CBLT Inc. is the registered owner of both the patented and unpatented mining claims.

 

Table 1: List of Patented Mining Claims, Copper Prince Property

 

S25668S25731S51303S51304
S51548S51549S51550S52069
S52070S52071S52306S52307
S56015S56016S56017S58007

Table 2: List of Unpatented Mining Claims, Copper Prince Property

42789874278998
42789884278989

Regional & Property Geology

 

The Property lies within the Sudbury Structure and the area explored is about 4 km SE of the ovoid of the 1.85 Ga. Sudbury Intrusive Complex (SIC). It lies within the dominantly clastic, sedimentary rocks of the 2.45 Ga. (and younger) Huronian Supergroup, with the Property and adjacent areas underlain by Mississagi, Bruce, Espanola and Serpent Formations (Figure 2). The Huronian rocks are intruded by the regionally extensive, sill-like bodies of the 2.2 Ga. Nipissing Gabbro. All of these rocks, as with the SIC, have been deformed in the east-northeast trending, 1.7 -1.9 Ga Penokean fold belt and orogeny and the Huronian rocks have been metamorphosed to the greenschist facies. Although outside the area of the SIC ovoid, the Property lies well within the area previously thought to have been covered by the Sudbury impact crater and includes offset dykes and units of the Sudbury Breccia. The South Range Breccia Zone, which hosts important Cu-Ni-PGM ore

 

 

 

Figure 1: Location of the Copper Prince Property, Northeastern Ontario, Canada.

bodies to the west, projects through the Copper Prince Property. The Manchester Off-set dyke with its Cu-Ni-PGM mineralization lies about a km to the southeast.

 

Both Cu-Ni-PGM and gold occurrences and showings are present in the general area. As well, the Property lies within a broad zone of gold showings and small to marginal deposits that stretches from south of Espanola in the west, along the south side of the Sudbury basin to the Lake Wanapitei area. Deposits in the Huronian gold belt area are characterized by widespread albitization with silica flooding and carbonate veins. Pyrite, chalcopyrite, arsenic minerals and cobalt-arsenic minerals and native gold occur in late quartz veins within this alteration package (Beecham, 2017).

Figure 2: Tenure of the Copper Prince Property

Historical Work

 

The Copper Prince showing, located on patented mining claims owned by CBLT Inc., has reportedly returned assays of up to 1.1 oz/ton Au of 5.0 ft, and 4.8% Cu and 0.07 oz/ton Au over 5.0 ft.  The Falcon Gold Mine, located to the immediate west of unpatented mining claim 4278989, and not on the Copper Prince Property, was discovered prior to 1900 and operated intermittently until the late 1930’s or early 1940’s.  In 1988, Falconbridge Ltd. completed diamond drilling and delineated 59,400 tons grading 0.226 oz/ton Au (Bailey, 1994).  The resource estimate is a historical estimate as defined by National Instrument 43-101. There has been no review of the methods and results of this historical resource estimate by a Qualified Person. No attempt was made to reconcile the historical resource calculations as reported.

 

Mineralization at the Copper Prince showing and the past-producing Falcon Gold Mine is associated with an east-west orientated fault zone, known as the Garson Fault.  At the Falcon Gold Mine, mineralization is associated with albitization, chloritization, silification, and sulphidization of the host meta-sedimentary rocks.

 

Recent Work

 

In the summer of 2016, CBLT (formerly known as Green Swan Capital Corp.) completed mechanized stripping, prospecting, and diamond drilling in the area of Ed’s Watering Hole. Significant mineralization was observed on surface where a narrow quartz-amphibole veins carry significant amounts of cobaltite and gold. The veins appear to cut Sudbury Breccia, which would suggest the mineralization post‐dates the emplacement of the Sudbury Igneous Complex.  The mineralized veins may not be typical of Cobalt‐type mineralization, but it may have been remobilized from such mineralization during subsequent metamorphism, or more likely to have been remobilized from proximal footwall mineralization related to the SIC.

 

CBLT collected 157 grab samples around Ed’s Watering Hole. Significant Au, Co, Cu and Ni values are reported (up to 4.5% Co, 25.5 g/t Au -see News Releases dated June 20th, August 15th, September 26th, 2016). In the fall of 2016, a program of 5 diamond drill holes totaling 299m was completed to test the area of Ed’s Watering Hole. Significant gold values including 5.34 g/t over 0.20m (CP16-01), and 0.955 g/t Au, 0.077% Co over 1.00 m (CP16-01), 0.835 g/t Au over 1.35 m (CP16-02) were reported (see News Releases dated December 14th, 2016, and January 11th, 2017).

 

During the 2017 field season, the Sudbury District Geologist visited the Copper Prince Property and collected 8 grab samples. The results of those samples were made available to CBLT. Highlights included include 3.43, 3.57, 6.58, and 27.84 g/t Au, and 1.15% Cu (see News Release dated January 9th, 2018). Three samples exceeded detection limits (two for cobalt, one for copper) and are being re-processed.

 

In the summer of 2017, CBLT completed 2.8 km of gradient array chargeability and resistivity surveying over Ed’s Watering Hole (Figure 4 & 5). This was followed later in the fall by the collection of 38 soil samples to the north and south of Ed’s Watering Hole, as well as 9 grab samples taken in the vicinity of Ed’s Watering Hole (Picture 1). Assay results are currently pending.

 

 

Figure 3: Property Geology (after MRD 216)

Figure 4: Chargeability Plan Map

Figure 5: Resistivity Plan Map

Picture 1:  Sampling at Ed’s Watering Hole, November 2017.  Note Co-Au bearing Quartz Vein  underneath JMK personnel.

Picture 2:  Visible disseminated to blebby Cobalt mineralization within quartz vein, Ed’s Watering Hole.

Conclusion

 

The Copper Prince Property is prospective for shear-hosted Au-Cu mineralization along the Garson Fault System, as well as Ni-Cu-PGE mineralization.

 

The Garson Fault system hosts the nearby past producing Falcon Gold Mine, as well as the Copper Prince Showing.  Co-Au vein-type mineralization is also present on the Property at Ed’s Watering Hole, which may also be associated with the Garson Fault System.  Further work should concentrate on structures known to host mineralization on the Property, including identifying alteration zones that may be associated with gold, copper, and cobalt mineralization.

 

On the nearby Falcon Gold Property, diamond drilling in 1988 east of the historical resource intersected a pyrite-pyrrhotite-chalcopyrite-rich zone at a vertical depth of 540 ft. This zone averaged 0.14% Ni, 0.26% Cu, and 705 ppb Au over a core length of 28 ft and included a 3.4 ft section grading 0.50% Ni and 0.56% Cu and a 2.5 ft section grading 0.076 oz Au/ton (Bailey, 1994).  If this is related to the SIC and potentially an offset dyke environment, then this feature should project onto the Copper Prince Property.  Further compilation work would be required to support this.