Fourbay and Cobb Bay Properties

Fourbay and Cobb Bay Properties 2017-05-10T21:32:58-07:00

Project Highlights 

  • 200 kilometres northwest of Thunder Bay
  • 80 kilometres north of Ignace
  • 1392 hectares in 7 contiguous claims
  • Tasca to earn cumulative 51% interest through the following expenditures:
  • $150K by 2016-Dec-31 for 8% interest
  • Further $1M by 2017-Dec-31 for 20% interest
  • Further $1.25M by 2018-Dec-31 for 35% interest
  • Further $1.4M by 2019-Dec-31 for 51% interest
  • Vendor 2% NSR, buy 1%
  • Sturgeon Lake Greenstone Belt, host to numerous deposits including 6 past producing mines
  • The exploration and production history of the general Sturgeon Lake area dates back to the late 1800s.
  • Sturgeon Lake mining camp produced 18 million tonnes of VMS based and precious metal ore from 4 main mines between 1971 and 1991
  • Darkwater mine and St. Anthony gold mines operated in the early part of the 20th century – both are again being actively explored
  • Basaltic to andesitic flows and volcaniclastics, fine to medium clastic sediments, tonalites and granodiorites
  • Originally acquired in 2008, with subsequent additions.
  • McKinnon vein, 190 m long by 20 to 200cm wide, discovered in 2009, where 7 of 10 initial grab samples returned values from 2.43 to 81.5 gpt Au
  • Subsequent sampling, MMI and SGH soil sampling, IP, EM and Mag surveys
  • SGH surveys identified a broad gold anomaly
  • IP identified numerous high and low priority targets
  • 2014 sampling at Jessie Lake included highlights of 2.86 gpt Au over 1.9 metres
  • Satellite imagery suggests the Jessie Lake shear zone trends across the entire property
  • McKinnon vein drilling next step

R.Tim Henneberry, P.Geo. (BC), a member of Tasca’s Advisory Board, is the Qualified Person who has reviewed and approved the technical content on this website.

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