Asset Summary

Summit Lake Iron Property

The Summit Lake Iron property, optioned from Landore Resources Canada Inc., is a 5.6 km long geophysical anomaly consisting of banded iron formation located 25 km northeast of the Lamaune project. The geophysical anomaly is similar in magnetic intensity to the Lamaune Magnetite Iron project.

Investigation of historic data revealed that the anomaly contained the historic Summit Lake Iron deposit discovered in 1957, with ground geophysics and historic drilling delineating a portion of the iron deposit’s potential strike length.

The Summit Iron occurrence has been established by drilling and from historical records of drill core examination the iron is in the form of banded iron formations, in metasedimentary series, potentially similar in nature to that of the banded iron formation of the Lamaune Iron project.

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