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TSX:NWI
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Acquired 100% from former owners Lake Shore Gold Corp. and
Rio Algom Exploration Limited which retain 2% NSR on gross
value production over $60 million
High-grade copper deposit within 80m of surface accessed by
350m decline and 600m exploration drifts ($3.6 million spent in
1980s)
Proven and probable reserves 161,000T at 3.38% copper, M+I
resources 165,000T at 3.95% copper and inferred resources
100,000T at 3.69% copper (Watts, Griffiths and McOuat Limited
historical results – non NI-43-101-1995)
Bulk sample of 18,000T graded 3.72% copper in 1982 and had
mid-90% recoveries at Chibougamau mill
Good infrastructure and location – about 35km south of
Chibougamau on road and 10 km from Corner Bay
CBay Production Potential: Devlin