s p r i n g 2 0 1 4
29
arm's-length vendor, by which the com-
pany can earn 100 per cent interest in
the Bory's Lake property, which covers
about 2,750 hectares in the southwest-
ern edge of the La Ronge Gold Belt in
Saskatchewan. The property has been
explored and developed sporadically.
Historic drilling defined the main zone
as approximately 975 metres long and 5.3
metres to 19.5 metres wide, with drill-
indicated reserves of 1,336,500 tons grad-
ing 1.91 per cent combined zinc and lead.
Foran Mining Corporation has
as its f lagship project the McIlvenna
Bay project, located in east-central
Saskatchewan, 65 kilometres west of Flin
Flon, Manitoba. Foran says McIlvenna
Bay is one of the largest undeveloped
VMS (volcanogenic massive sulphide)
deposits in Canada, with indicated
resources of 13.9 million tons grad-
ing 1.96 per cent copper equivalent and
inferred resources of 11.3 million tons
grading 2.01 per cent copper equivalent.
Coal
Goldsource Mines Inc.'s f lagship
Border property was the focus of a major
coal discovery in 2008. It is located on the
eastern edge of central Saskatchewan,
about 50 kilometres north of the town of
Hudson Bay.
The Border property is approxi-
mately 130,000 hectares in area. It is
situated along the Durango Coal Trend,
which continues to the southeast and
northwest of the property. So far, 146
holes have been completed and drilling
has identified 17 coal deposits. The coal,
which is sub-bituminous thermal coal, is
located approximately 80 metres below
the surface, and has the potential to be
mined by open pit methods.
Diamonds
North Arrow Minerals Inc. says it is
building a portfolio of Canadian dia-
mond projects from greenfields to the
advanced stage. In Saskatchewan, North
Arrow has the Pikoo project, which is
located approximately 140 kilometres
Middle Lake – site of Alpha
Exploration's newest uranium
exploration program.
p26-35_Saskatchewan.indd 29 14-02-14 3:07 PM
