The Rich Lake property is located 365 km north-northeast from Thunder Bay and 17 km west of Fort Hope, Ontario and consists of one hundred (100) unpatented mining claims in the Province of Ontario.
The two claim blocks straddle along strike Separation Rapids Limited’s lithium, tantalum, cesium pegmatite Lilypad Project, where exploration identified several wide mineralized pegmatite dykes.
The property geology is also prospective for gold mineralization. Drilling in 1987 by Noramco on adjacent claims returned grades as high as 28.11 g/t Au over 1.5m in sheared mafic tuff.
Similar lithologies are present on the Rich Lake Property, along with other favourable targets such as iron formations. Our technical team believes the property has excellent potential to host multiple styles of critical and precious minerals.