The potential for discovering platinum group elements (PGE) in the backwoods of northern Ontario has attracted the attention of
The two juniors can each earn 25% interests in the Wolf Mountain property from
Situated northeast of Thunder Bay, the property consists of two separate areas totalling 736 claims. Beneath the Wolf Mountain group is a large, circular-zoned ultramafic intrusion known as Seagull; the other group is underlain by an ultramafic, dyke-shaped intrusion, which remains untested for PGE.
Previous exploration was limited to the northern margin of the Seagull pluton, where surface sampling, geophysical surveying and eight diamond drill holes were completed. Results for grab samples of weathered bedrock reached as high as 7.6 grams combined platinum and palladium, whereas core samples assayed up to 0.85 gram.
The deal has yet to be approved by regulators.