Project Location
TYKO PROPERTY GEOLOGY
DETAILED AREA OF DRILLING
(showing Total Field Magnetics)
Cross Section TK-06-005
(facing north)
In January 2005 the Company entered into an option agreement to earn a 100% interest (subject to a Net Smelter Royalty) on the Tyko Property located approximately 30 kilometres southeast of Manitouwadge, Ontario.
The Tyko Property is comprised of 20 claims totalling over 4,100 hectares and covers several grass roots (including the Tyko and RJ) Ni, Cu, and PGE prospects associated with a small satellite intrusive (“Tyko Intrusive”) a relatively small (<25 sq km) body consisting of variably serpentinized peridotite, pyroxenite and medium to coarse grained gabbro.
The Tyko Intrusive is believed to be Archean in age and occurs within and has been intruded in part by the Pic River Batholith. The area has not been mapped, a fact highlighted that none of the mineralized MUM bodies show up in any of the government geology maps. In addition, the area has not seen any systematic exploration.
The Main Tyko Occurrence was previously hand stripped and channelled sampled by the original vendors. Disseminated to net textures sulphides (pyrite, pyrrhotite and chalcopyrite) were encountered for over 20 metres across the exposed intrusive and along strike for approximately 100 metres. Individual channel samples include: 1.09% Ni, 0.51% Cu, 3.0 gpt PGE (Pt, Pd) over 3.0 metres and 0.77% Ni, 0.4% Cu, 1.05gpt PGE across 9.0 metres. The Tyko Showing is coincident with an approximate 200 meter long I.P. Resistivity Anomaly as defined from a previous survey.
In April, a detailed VTEM Airborne survey was flown over portions of the property. In late May a field crew was mobilized into the field to commence ground truthing of the priority airborne targets as well as to advance the known Ni, Cu, PGM occurrences to the drill stage. Results of the prospecting program include the discovery of a new showing located 1.5 kilometres NNW of the Tyko Occurrence where grab samples from angular frost heave boulders returned assays up to 2.5% Ni and 0.5% Cu.
In January 2006, an I.P. Resistivity Survey was extended to cover the RJ Showing. The survey defined a 400 meter long I.P. Chargeability Anomaly over the RJ Occurrence.
In March of 2006, two drill holes were completed to test the coincident I.P. Anomaly at the Main Tyko Showing. Three more holes were drilled to test the coincident I.P. Anomaly in the area of the RJ showing. A total of 711m of drilling was completed on the property. Assay intercepts included 12.8m 0.76% Ni, 0.375% Cu at 12.8 m and 0.977% Ni, 0.625% cu over 20 m from hole TK-06-005.
Future work planned for the property for 2006 will include additional mapping and prospecting.
