TME and EWR staked this large area to the south of Noront's Eagles and to the west of Implats/Northern Shield's Highbank Lake which hosts a vast mafic to ultramafic layered intrusion.International Nickel and Vale also are positioned in this area.Why?
The Fishhook Property, located approximately 45 kilometres to the south of the Noront discoveries, was staked to cover the interpreted basal portions of the Highbank Lake Intrusion. It is contiguous to the west of the area actively being explored by International Nickel Ventures Inc. on their Fishtrap Property, and by Northern Shield Resources Inc. ("Northern Shield") and Impala Platinum Holdings Ltd. ("Implats") on their Highbank Lake Project. Implats is the world's second largest producer of platinum, with production from mines in the Bushveld Complex,South Africa, which hosts roughly 80% of the world's known PGE reserves.
Recent work by Northern Shield has led to the conclusion that the Highbank Lake intrusion represents a large layered mafic to ultramafic intrusive complex with potential to host extensive layered PGE "reef" mineralization similar to that found in the Bushveld Complex. The Highbank Lake Intrusion covers some 500 square kilometres, ranking it as one of the ten largest intrusive complexes of its kind in the world (sourcewww.northern-shield.com).
In addition to the potential for reef style PGE mineralization, Temex and East West interpret that the area near the base and below the Highbank Lake intrusion has potential to host significant Ni-Cu-PGE mineralization in the conduits or feeders below the intrusive suite, a setting analogous to the Noront discoveries and other large Ni-Cu-PGE deposits. The companies interpret from available published airborne magnetic and geological data that the basal portions of the intrusion and the location of the "feeder dykes" or "magma conduits" are likely to exist on the Fishhook Property.
Furthermore, the companies have identified at least two potentially significant untested airborne EM anomalies from a previous survey that covers only a small portion of the Fishhook Property. The companies anticipate that new detailed airborne geophysical surveying will commence in April using the VTEM system of Geotech Ltd. with results expected in May; targets will then be prioritized for a follow-up drill program.
http://en.wikipedia.org/wiki/Ultrama...
http://en.wikipedia.org/wiki/Merensk...
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