Canada's Next Primary Cobalt Producer
Overview
Introduction:
The Werner Lake Mineral Belt is Puget Ventures' Canadian based priority asset and provides the nearest term primary-cobalt in Canada. The land package stretches 60km along highly mineralized strike and consists of approximately 1,700 hectares located in the Kenora Mining District in Northwestern Ontario. The Werner Lake Mineral Belt covers two past producers and at least five historic deposits including three extremely rare primary cobalt deposits and two significant nickel-copper-PGE deposits. Puget Ventures aims to further advance the Werner Lake Cobalt Deposit and provide a NI 43-101 compliant resource estimate with near-term production decision.
Location and Access:
The Werner Lake Belt Deposit consists of approximately 1,700 hectares in the Kenora Mining District in the extreme western part of the Province of Ontario, Canada. The Werner Lake property area is located in Northwestern Ontario, approximately 90 km north of Kenora, Ontario 90 km east Northeast of the town of Lac du Bonnet, Manitoba. The project area is some 12 km east of the Ontario-Manitoba border, within the Umfreville Lake sheet. The Werner Lake Property has to be accessed from Manitoba, by a secondary gravel road that continues from Manitoba Provincial Road 315 at the Manitoba-Ontario border east to the past-producing Gordon Lake Nickel-Copper Mine. The property is approximately 125 kilometres by road from the town of Lac du Bonnet. The area can also be accessed by floatplane or via several portages onto Almo Lake, the epicentre of the Werner Lake project area. Topographically, the area is characterised by low relief, with variable drainage on quite thin glacial and sparse fluvioglacial deposits. Locally, there is steeper terrain, due to a number of significant faults. There is significant outcrop on the property adjacent ground, affording excellent mapping opportunities, albeit with stripping recommended.The climate at the Werner Lake property is comparable to that of Winnipeg, Manitoba and Kenora, Ontario thereby allowing operations and access to be carried out year round.
Infrastructure:
The facilities associated with the old mining operations have all been abandoned or dismantled and are of no value for any new development. Ontario Hydro does not supply power to the area any longer and transmission lines have been removed. Although the project lies in the extreme western region of Ontario a road connects with a provincial highway in Manitoba providing four-season access. There has also been more than $12 million spent on the development of the project, including a decline shaft and drifts, drilling, environmental, metallurgical and feasibility work along with mine engineering.
Investor Resources
-
VantageWire Conversation with Erin Chutter, President of Puget Ventures
- BNN Conversation with Erin Chutter, President of Puget Ventures
Email:
info@pugetventures.com
Phone Number:
Office: +1 (604) 688-4219
Fax: +1 (604) 688-4215
Address:
Suite 1510-1050 West Pender St
Vancouver | BC | V6E 3T4
Website:
www.PugetVentures.com
