Lac Daniel U+Th+Ree prospect.

Approx. location

Lac Daniel Prospect Summary                  

Historical data confirms the Lac Daniel claims in northern Quebec show significant potential for mineable ree mineralization. Here are the key facts

• Mineralization style at Lac Daniel: The deposits associated with peralkaline complexes like the Strange Lake Alkalic Complex (SLAC), located near the Quebec-Labrador border, provide a good analog for the Lac Daniel area. At Strange Lake, mineralization occurs in the most exotic, incompatible element-rich phases of the peralkaline granites, which are formed during late-stage crystallization. This is a common characteristic of such deposits, where rare metals and radioactive elements are concentrated in late-stage rocks and veins.
• Mineralogy and concentration: Peralkaline granitic rocks are known to be naturally enriched in rare elements, including U, Th, and REEs. The enrichment can be economically significant, and minerals carrying these elements are disseminated within the host rocks or found in veins.

• Unexplored: The 9 REE zones discovered in 2009 remain unexplored.

• Potential for Economic Deposits: The presence of multiple mineralized zones and lateral extensions suggest the potential for economically exploitable Ree deposits, similar to Strange Lake REE deposit.

                       

Assessment Reports' Key Data

Azimut's 2005-09, +$8,000,000, exploration discovered the North Rae & Lac Daniel area with uranium mineralized pegmatite fields. Pale yellow uranophane-stained and/or coated surfaces are common.

Azimut envisioned the potential of:

-  an open pit mineable deposit  and,

-  the formation of a higher grade unconformity deposit at depth.

Link to the 2009 Release

Link to the live map here.

Nearest local airport : Kangiqsualujjuaq - Georges River Airport 65 kms

Nearesr regional airport : Kuujjuaq Airport, 160 kms

Both are drill ready targets (Lac Daniel GM65041 pdf p40-46) as recommended by Azimut's last report 2009. 

Below is the chart summary of the surface sampling of lac Daniel's Puqlia's pegmatite field as an example.

      Puquila NW's  associated critical metals average

The 2024 claim block covers the key pegmatite zones.

 . Mineralization area extends  approx. 7.4 x 2.0 kms

claim 1st period is 3 years to file a work report & renewal.

Link to norhern zone indices data:  - Puqila Nord D4.6 , - Puqila NW ,  - Puqila D4.7 

- Les 2008 travaux d'exploration pour l'uranium sur la propriété du projet Daniel Lake constituent la première phase exploratoire du projet highlighting:

Specifically, 

- La zone Puqila consiste en quelques filons de pegmatite blanche à biotite d'épaisseur décamétrique, pouvant être suivis sur quelques centaines de mètres, ainsi que de nombreux filons de dimensions plus restreintes. La minéralisation uranifère est associée à des essaims de filons de pegmatite à biotite.

- La taille des filons varie des petites veines aux intrusions d'une largeur de quelques dizaines de mètres d'épaisseur s'étendant sur plusieurs centaines de mètres de longueur.

- Les pegmatites de la zone Puqila se répartissent comme suit :

Schematic of Petit & Grand Puquila pegmatite fields photo  above

  

Petit Puquila area 

          

Link to GM65394 for all the other key zones's pegmatite sampling data & schematic maps p29-34.

- Puquila Nord D6-4   trenching data chart below ( GM65041 )  

- Deux trous de forage ont été initiés en septembre 2008 mais n'ont pu être complétés.

- link to the most recent assessment report(English),  AZIMUT EXPLORATION INC 2009 GM 65394 :

"The primary objective of the 2009 work program was the channel sampling of selected mineralized exposures on the main known uranium pegmatite showings. The secondary objective was the examination and prospecting of the main known showing areas as well as the exploration of several additional targets as selected from previous airborne survey data. 

A total of 82 channel samples were taken on the Daniel Lake Property - 67 on the Puqila North Zones and 15 on the R7 zone. Radiometric anomalies selected from the airborne spectrometer surveys were ground-checked. This included more detailed prospecting in the R7 area.

The Puqila Zones are a series of loosely connected mineralized pegmatites and boulders occuring along a 7 kilometre NW-SE trend, located just east of the southern part of Daniel Lake. 

The best uranium mineralization discovered to date on the property is the Puqila North pegmatite. 

(The Puqila Centre pegmatites, located just to the south, exhibit great strike extent but are only moderately mineralized, and therefore were not channel-sampled in 2009.)

The Puqila North Main Zone is dominated by a large exposure of mineralized, coarse-grained, undeformed, quartz-feldspar-biotite pegmatite sill measuring over 20m across, as explosed along a northwest-facing hillside. A total of 56 channel samples gave an average uranium grade for the Puqila Main Zone of 296 ppm U or 0.035% U3O8. 

This grade compares well with the composite drill hole average from the two short 2008 holes.

Prospecting in the southeast part of the Daniel Lake block led to the discovery of additional mineralized pegmatites within the shallow south-dipping succession of Lake Harbour Proterozoic metasediments. A distinct layer of banded grey and white quartzite within the metasedimentary sequence was found to be anomalously radioactive. This layer appears to be a conformable, continuous stratigraphic unit within the gently south-dipping sequence.

Both uraninite  and  pale yellow uranophane-stained and/or coated surfaces are common. 

Newly discovered Uraniferous Quartzite Horizon 2009

Lac Daniel mineralized areas.

The 9 New zones were discovered by sampling data in 2009, as high as 6190 ppm,
remain unexplored.

2009's SE new discovery quartzite sampling data by zone:

Puqila - D4.1       Puqila - D4.1-4     Puqila - D4.1-5

Puquila NW  

GM 65027 : 

 - Éch. 69590879 : 2900 ppm U, 991 ppm Th, 1370 ppm Pb et 681 ppm Mo; 

 - Éch. 69590876 :  532 ppm U, 164 ppm Th et 244 ppm Pb; 

 - Éch. 69590885 :  577 ppm U, 157 ppm Th, 241 ppm Pb et 140 ppm Mo; 

 - Éch. 69590917 :  805 ppm U, 312 ppm Th et 440 ppm Pb; 

 - Éch. 69590919 :  474 ppm U, 112 ppm Th et 203 ppm Pb; 

 GM 65041 : 

 - Éch. 69590871 : 3980 ppm U, 1490 ppm Th, 1860 ppm Pb, 1600 ppm Ce, 770 ppm La, 548 ppm Nd     et 137 ppm Pr; 

 - Éch. 69590816 :  720 ppm U, 138 ppm Th et 350 ppm Pb; 

 - Éch. 69590870 :  540 ppm U, 263 ppm Th et 272 ppm Pb; 

 - Éch. 69590875 :  741 ppm U, 318 ppm Th et 466 ppm Pb.      

The key conclusion :

this stratiform uraniferous quartzite layer discovered in 2009 merits additional investigation.   

shear zone cutting across the claim block 
 providing a conduit for fluids to cross the unconformity
triggering the deposition of U-oxide minerals, mainly uraninite/pichblende (UO₂).

Lac Daniel sat image

GM65394 2009 Conclusion below

Link to all reports

The opportunity exists to step in where Azimut dropped out due to low Uranium pricing.

If available use the same Azimut contractors referred to in the reports.

ATI - Permit authorization in Quebec

Claim holders may carry out mining exploration activities on the land covered by their claims without requesting an ATI authorization within the meaning of section 69 of the Act. An ATI authorization is not required for exploration activities carried out without the use of hydraulic machinery or explosives and, in the case of gold mining, without the use of a hydraulic pump. Exploration work such as line cutting, manual rock stripping using a shovel or water pump, geological, geochemical, stream, lake or soil surveys, surface and drilled geophysical surveys, manual sampling of rock and soil and drill holes in overburden using a manual auger and a non-hydraulic portable drill do not require an ATI. Claim holders may also carry out all their indirect exploration work without first obtaining an ATI. Indirect exploration work is work carried out without direct access to the site (e.g. geophysical surveys carried out from an aircraft or helicopter or using a drone, remote sensing surveys and satellite surveys).

Further information is available in the link below.

Work for which an ATI authorization is not required for all low-impact on-site exploration work.

Note: There is no moratorium on uranium exploration or mining in Quebec.

No Class 1 Land claim territory  over the North Rae & L. Daniel projects.

   Cariboo Migration not affected.

 

Social acceptability of a project by the local community is required as is it everywhere else.

 

email for Term sheet:  miningjv@yahoo.ca

Iron Bear Fe Royalty

link to  Generational Asset for Sale

Torrent Zone U+Th+Ree prospect

Location:  NTS  24I05

 

The ore body is located near the North Rae property, southeast of the community of 

Kangiqsualujjuaq, (Ungava Bay) in Nunavik, between the George River and the Koroc River.

Mineralization is associated with granitic pegmatite dykes or granite intrusions in the 

orthogneisses of the Baudan Complex. The granites contain biotite.

 The granitic pegmatites are hololeucocratic, coarse-grained, and rich in biotite 

(5 to 20%, sometimes up to 80%). They are generally pink. 

The quartzofeldspathic gneisses are composed of biotite and, locally, hornblende.

They are leucocratic. They are mainly granitic in composition and sometimes contain bands

 of amphibolite and paragneiss (GM 65084 and GM 65167). 

Paragneisses are also observed. These paragneisses are rich in biotite, belong to the 

Lake Harbour Group, and are associated with amphibolites.

    2 zones 

Torrent Centre zone rock sampling:

    Torrent Sud zone rock sampling:

Link to Assessment report and Maps

Tasik Zone rock sampling :

Inquire to miningjv@yahoo.ca

Lac Otelnuk Fe Royalty

  Lac Otelnuk Iron deposit nts 24C01     

     (acknowledged battery metal)

                   

          Claim map is hyperlinked

The Lac Otelnuk mine development project is Quebec's largest iron deposit with a NI 43-101 compliant estimated mineral resource of 20.64 billion tons of ore grading 29.8% iron.

 

In 2012, 60% ownership of the iron deposit was sold to Wuhan Iron and Steel Co. (WISCO). 

In 2021, all the legal and beneficial rights, interest and title in and to all the claims were transferred to 743584 Ontario Inc.

In 2022, all the legal and beneficial rights, interest and title in and to all the claims were transferred to Metalquest Metals.

References:

https://www.mining-technology.com/projects/lac-otelnuk-iron-project-quebec/https://miningdataonline.com/property/1578/Lac-Otelnuk-Project.aspx

https://plannord.gouv.qc.ca infrastructure support pdf p 39

2015 Mineral Resource Highlights:    

The DTWR throughout the mine plan averages 26.5 % Fe2O3t and varies from a high of 33.0 % during year 1 to a low of 25.7 % in year 10.  

Below is the DDH locations with +30% Fe2O3t  data. Use Sigeom DDH function to verify.

 

Royal is for sale.

enquire to:   miningjv@yahoo.ca  

Iron Bear (Block 103) Fe Royalties

  The right to 40% of the   Iron Bear fe 1.8% GOR royalty  over licence # 014603M  and

   The right to 50% of the 2.5% GOR royalty over Licences 014855M & 014856M are for sale.

  

   Overview

   https://www.gov.nl.ca/iet/files/Iron-Bear.pdf

    Iron Bear fe 1.8% GOR royalty over the original claim block

 743584 Ontario's royalty claim block  (light blue)

Link to live map

 

DDH map 2023

                                   Gross Over Riding Royalty claim block map, pdf p10  

 Expected Milestones 2025:

- Current studies being undertaken on power and rail. These will be completed before the Scoping Study, so therefore expected in the coming weeks. (Source: MarketOpen interview).

- Scoping Study including project economics. Timing is 6 to 8 weeks (Source MarketOpen interview which said within next couple of months and 6 to 8 weeks mentioned in Proactive Investors interview). Will include economic and technical numbers. Paul Berend said in Proactive Investor interview "I can say nothing about what that is, except that there are lots of zero's involved."

- "Rapid project development plan with bulk samples of DR and BF concentrates available for steel mill clients in Q1 2025 and DR and BF pellets in Q2 2025" (Source: Half yearly report). To confirm the market demand for the product that will be produced and potentially adding confidence to the premium that could be received for high grade low impurity iron ore - the grade of ore that will be needed to make green steel which is currently only available in limited quantities.

- Drilling program planned for June to November 2025. The drilling plan is for 24,000m (source, ASX announcement 11 March 2025). To put the size and importance of this drilling program into context, previous drilling was "In 2011 this comprised 43 drill holes for 5,662 m and in 2012, drilling of 72 drillholes for 22,359 m" (source: CLE website under Geology page). 

- Another cash payment from Vale in three months time (source: ASX announcement 11 March 2025 noting quarterly payments).

2.5% GOR royalty over Licences 014855M & 014856M

  email :   miningjv@yahoo.ca

------------ Prospects for Option--------

   -  North Rae U + Th + REE prospect

   - Lac Daniel U +Th + REE prospect

            

Zone A-5 (S) Au+Cu+Ag pospect

  

   Zone A-5 (S) remains untested along two major faults where the au mineralization is similar to carlin style deposits.  (GM57979)

   Lithology:

    The structurally controlled mineralization consists of a series of quartz-carbonate and radioactive mineral veins within an altered gabbro sill inserted into the sandstones of the Upper Indicator Formation along an ESE axis over a distance of approx. 1 km.

   The mineralization is silicified and rich in sulfides found in shear zones along the sill contact
 zones similar to the Zone L's Au deposit  (further east, on sheet 23D02). 

Location:



Link to the live mapping app.

Mineralization:
Mineralization consists primarily of pitchblende in quartz and carbonate veins. 
A large number of minor secondary minerals are also present, including pyrite, 
chalcopyrite, hematite, native copper, bornite, galena, chalcedony, pyrolusite, 
leucoxene, malachite, ankerite, gypsum, and dolomite (GM 57979). 
A zebra-like texture of carbonates is noted cutting the gabbro (GM 65244).

Major structural control:
Feeder dykes cutting the sandstones of the uppermost Indicator Formation and
shear zones along the sill contact zones.

Grade Results:
 GM37384:   L-36g: 8056 ppm U; L-36d: 1102 ppm U. 
GM57979:   731084: 37 g/t Au, 75.5 g/t Ag, 1.57% Cu, 1% Pb, 771 ppm Te;
                   731083: 12.3 g/t Au, 100.6 g/t Ag, 0.29% Cu, 1% Pb, 1169 ppm Te.
GM58683: 5 out of 19 grab samples returned gold grades above 1 g/t in athin vein, trench S-2, of 
the S showing: 1.396 g/t Au (M764116); 1.837 g/t Au (M764118); 4.868 g/t Au.

M764104:13.22 g/t Au 
M764110:13.63 g/t Au 
M764115:Grab samples 2678, 2679 and 2682, located between 300 and 400 meters to
the southeast, returned respective contents of 1065 ppm U, 3106 ppm U and 2147 ppm U. 
The values ​​vary between 609 and 5098 ppm U3O8. 
GM65244: Sample 2678 also returned contents of 725 ppm Au, 11.6 ppm Ag and 2060 ppm Pb. 

Boréale Exploration (GM57979) conducted a limited resampling of the Cogema's  trenches & 
drill core results as per charts below:
 

trench resampled data

Limited DDH core is resampled 

The GM57979 report concludes:

"only a small proportion of the drilling conducted on the property has been resampled. It is

 therefore encouraged that all available drilling be reexamined and resampled. 

Furthermore, with a view to a Carlin-type context, the Lac Carré and Lac Cigare faults, along

 which the carbonate horizon is offset, remain targets to be tested."

and states:

 "Two hypotheses have been put forward to classify this deposit. 

COGEMA considers that it is a deposit similar to the L zone, consisting of uranium 

mineralization in a lithological and structural trap marked by a particular stratigraphy and 

by the albitization of the gabbro. 

Another hypothesis recently put forward by Boréale Exploration suggests that the mineralization

 is more gold than uranium and that many similarities exist between the model proposed by 

COGEMA and the Carlin-type deposits. 

Gabbro is invoked as a source of heat for the water table and the Péribonca carbonate 

formation would have constituted both a thermal screen and an oxidizing aquifer."

Inquire to miningjv@yahoo.ca