Chibougamau Independent Mines Inc.
Home  |  About CBG  |  Contact Us  |  Subscribe to Mailing List  |  Français   
spacer
DARE TO VENTURE
spacer
  INVESTORS | PROPERTIES | NEWS & EVENTS | TECHNICAL  

CIM
spacer
Properties

Baie Malouf
Bateman Bay
Berrigan Mine
Berrigan South
Buckell Lake
Copper Cliff Extension
Grandroy
Kokko Creek
Lac Antoinette
Lac Chibougamau
Lac David
Lac Élaine
Lac Simon
Mont Sorcier

Nepton
Quebec Chibougamau GoldFields
Virginia Option

 

spacer Mont Sorcier - Fe, TiO2, V2O5
RoyTownship, Quebec (NTS 32G/16)

 

Property

This property consists of 37 irregularly shaped staked claims covering 1,919 hectares located immediately adjacent to the NE extremity of the Lac Chibougamau claim block and is subject to a 1% gross metal royalty to Globex.

History

This magnetite/titanium/vanadium in the layered portion of the LDC has been explored by various major companies including Dome Mines, Noranda Mines, Consolidated Chibougamau Goldfields, Sulphur Converting Corp. and Campbell Chibougamau Mines, Campbell Resources and others during the period 1920 to the present.  A historical non NI 43-101 compliant resource estimate on what is termed the North Zone was calculated by Campbell Chibougamau Mines Ltd. in 1974 and is available on the Quebec Government E-Sigeom (Examine) site under GM.3.1867.  The report indicated approximately 171,571,000 tons of open pittable ore with a head grade of 30.0 % Fe and 1.06% TiO2 .  Additional testing at a Quebec Government Laboratory in 1975 using Davis Tube testers indicated an average grade of 66.2% Fe, 1.32% TiO2 and 0.57% V2O5 in concentrate with P2O5 (an impurity) content of less than 0.001%.  It is projected that the North Zone, within the area defined by the historical drilling, can generate 95.2 million tons of concentrate.

(The resource calculation is historical in nature and has not been confirmed by Chibougamau Independent Mines.  Therefore it should not be relied upon.)

On 29 September 2016, Chibougamau Independent Mines optioned the property to Vanadium One Iron Corp. for cash, shares and a 2% Gross Metal Royalty. Vanadium One undertook a program of drilling and in June 6, 2019 posted on Sedar new NI 43-101 report in which they announced the following resources:

Table 1: Mineral Resource Estimate1 at Mont Sorcier Using a Cut-off Grade2 of 14% Fe

 

 

Zone

Category3,4

 

              Tonnage

 

     Head grade

 

                         Grade in concentrate

 

Rock              Concentrate (Mt)                 (Mt)

Fe         Magnetite

(%)         (%)

Fe          V2O5

 (%)        (%)

Al2O3

 (%)

TiO2        MgO       SiO2

(%)          (%)           (%)

 

South

 

Indicated

 

113.5

 

35.0

 

22.7

 

30.9

 

65.3

 

0.6

 

0.3

 

1.2

 

3.8

 

2.8

 

Inferred

 

144.6

 

36.1

 

20.2

 

24.9

 

66.9

 

0.5

 

0.4

 

1.0

 

3.4

 

2.5

 

North

 

Inferred

 

376.0

 

142.2

 

27.4

 

37.8

 

63.7

 

0.6

 

1.0

 

1.8

 

3.5

 

4.2

 

Total

 

Indicated

 

113.5

 

35.0

 

22.7

 

30.9

 

65.3

 

0.6

 

0.3

 

1.2

 

3.8

 

2.8

 

Inferred

 

520.6

 

178.3

 

25.4

 

34.2

 

64.4

 

0.6

 

0.8

 

1.7

 

3.5

 

3.9


Please click here to get redirected to the NI 43-101 report.

 

 
Stock Quotes — TSX-V: CBG  |  Stuttgart: CLL  |  Current Metals Prices
© Copyright 2021. Chibougamau Independent Mines Inc. | Admin | Privacy | Terms of Use |  Disclaimer