공지 • Sep 20
Apogee Minerals Ltd. Completes Geophysical Work At the Pine Channel and Shasko Bay Projects, Saskatchewan
Apogee Minerals Ltd. announced that the Company has completed field programs consisting of geophysical work at its Pine Channel and Shasko Bay Projects, located approximately 40 km west of Stony Rapids, Saskatchewan which is the logistics and business hub for northern Saskatchewan. Pine Channel and Shasko Bay are part of Eagle Plains Resources Ltd. (“Eagle Plains”) 100% owned Pine Channel Property, in which Apogee holds the exclusive option to earn an 80% interest. The northern part of the 8,878 hectare Pine Channel Property hosts numerous gold occurrences ranging from trace quantities to up to 870 g/t Au in grab samples. Shallow historical drilling has intercepted 0.6m of 63.50 g/t Au (Algold Bay, SMDI 1575), 1.75m of 5.27 g/t Au (ELA, SMDI 1574), and 0.5m of 407.96 g/t Au (North Norite Bay, SMDI 2183). The mineralization is interpreted to be closely related to northwest/southeast trending shear zones which are commonly identifiable in high resolution magnetic data. The recently completed 2024 exploration program included a 267-line kilometre, helicopter-borne, magnetic survey at 75m line spacing over areas of the property without detailed magnetic coverage and geologic mapping in the vicinity of the Algold Bay occurrence. The geophysical contractor was Precision GeoSurveys of Langley, BC. Several structural trends important for Au have been identified, and ten new prospective trends have been located. Additional groundwork is recommended along several of the trends identified from the recently completed surveys at the Project. Completed Field and Geophysical Work at Shasko Bay: The Shasko Bay uranium target is located on the south shore of Lake Athabasca. Airborne EM surveys in 2005 and 2007 identified conductive features on the property considered prospective to host unconformity and basement style uranium mineralization. A 2007 drill hole (RL-07-01) intersected anomalous uranium at the unconformity in proximity to a modelled conductive plate, with additional plates untested by drilling. The recently completed exploration program at Shasko Bay included 148-line kilometres of infill, high-resolution, airborne EM and magnetic data. The geophysical contractor was Geotech Ltd. of Aurora, Ontario. In addition, an exploration permit had been received at the project and provides for exploration activities to be conducted up until March 1st, 2026. The recent data from the survey will be used to model conductive structures to aid in future drill hole planning. Pine Channel Gold Project Summary: The Pine Channel project lies within the Tantato Domain which is composed of highly deformed gneisses which form the eastern margin of the Archean Rae Craton. Metamorphic rocks which have been subject to varying degrees of strain form the majority of the property area. The main deposit type that is being explored for at Pine Channel is structurally controlled vein-quartz (lode) gold deposits. Mineral occurrences on the Pine Channel Project contain predominantly gold, with rare base metal occurrences. Within the Pine Channel tenures there are eighteen historical showings reported by the Saskatchewan Mineral Deposit Index (SMDI). Highlights from documented historical work and previously reported results include: North Norite Bay historical drill hole of 407.96 g/t Au over 0.5 m (SMDI 2183); ELA drill hole of 39.96 g/t Au over 0.55 m (SMDI 1574); Holes G-1 and G-3 which returned 3.20 g/t Au over 1 m (SMDI 2329); Occurrence No. 6 /Occurrence No. 8 trench samples which returned 90.6 g/t Au over 0.2 m (SMDI 1581); and Cole Lake Ni-Cu trench samples which returned 6.2 g/t Au, 0.01% Ni and 0.06% Cu over 3.0 m (SMDI 1583). Government mapping in the Pine Channel area dates from 1913, with the first industry work reported in 1950. A total of 51 assessment reports have been filed within the current Pine Channel tenure area. Past operators include Golden Rule Resources Ltd. and Colchis Resources Ltd. who were both active on the project during the 1980’s, the last sustained period of exploration in the area. The most recent work prior to Eagle Plains acquiring the claims in 2018 was in 2013 when the area was flown with an airborne Variable Time Domain Electromagnetic (“VTEM”) survey focused on locating targets for diamond exploration. There has been a total of 6,066 metres of diamond drilling in 115 historic holes completed within the current Pine Channel property claim boundaries with the majority of the holes completed less than 100 metres in length. Although the wide-spaced drilling did intersect significant gold mineralization in places, much of the drilling was completed using thin diameter core which is considered ineffective for assessing the high-grade “nuggety” gold shears and veins found at Pine Channel. Shasko Bay Project Summary: The Shasko Bay Project is located along the southeast shore of Lake Athabasca in Northern Saskatchewan, 20 km southeast of Fond-du-Lac, and proximal to the Company’s Pine Channel Project. The claims are accessible by boat, barge, winter road or float equipped aircraft from the village of Stony Rapids, which has all season road access to it. The Project is currently owned 100% by Eagle Plains Resources Ltd., with an underlying 2% NSR in favour of Eagle Royalties Ltd. The Project was staked by Eagle Plains in early 2023 in recognition of both the gold potential (with basement-hosted auriferous quartz veins and associated shears that strike onto the property from the Pine Channel Project); and for the unconformity uranium potential that is so well known in the district, in close proximity to basal contacts of the Athabasca Formation. Between the late 1960’s to the early 2000’s the region was explored for uranium and gold by various companies. The Fond Du Lac Uranium deposit is the most significant discovery in the region to date and is located 24 km to the NW-W. Work in the area consisted of seismic reflection studies, multiple types of airborne and ground-based geophysical surveys, geochemical surveys, prospecting, mapping, trenching and four separate drill programs which intersected multi gram-per-tonne gold assays (up to 6.8 g/t Au over 2.1m) from quartz stringers in the Athabasca sediments. The underlying basement metasedimentary rocks, starting at 226m depth, also recorded mineralization in the form of disseminated pyrrhotite, pyrite, chalcopyrite and rare sphalerite, galena and molybdenite. The last drill program intersected anomalous uranium in the Athabasca sandstone (up to 18.4 ppm) concluding with recommendations to drill test several additional targets.
