N
LAKECHIBOUGAMAU
CHIBOUGAMAU
CAMP
DEVLIN
CORNER BAY
PERCH RIVER
Kilometres
0
15
10
5
TOWN OF
CHIBOUGAMAU
CBay Properties
Paved Roads
GWILLIM
due to the previous operator’s deteriorating
financial situation as a result of the global
financial crisis. A National Instrument
43-101-compliant estimate of resources at
Corner Bay, dated July 9, 2012, is available
under the Nuinsco Resources Limited
profile at www. sedar.com.
The Corner Bay deposit remains open
to depth and is a priority exploration
target. In addition to the exploration
upside Corner Bay has near-term
production potential, representing a source
of mill feed for any future Chibougamau
camp mining plan and also has the potential
to be a standalone mining operation.
In 2013, CBay enhanced its position in
the Chibougamau camp by optioning the
advanced-stage Devlin and Perch River
copper projects. Devlin and Perch River
are both shallow, flat-lying, copper deposits
located approximately 35 km southeast
and 80 km northeast, respectively, of the
town of Chibougamau. Like Corner Bay,
Devlin and Perch River both have previous
underground development and offer the
potential to be feed sources in the near term
for CBay’s Copper Rand mill.
CBay Minerals:
Steps to Value Realization
•
Develop sufficient resources to feed permitted mill, possibly including
custom milling.
•
Put mill and Corner Bay mine into production one year after financing.
•
Have three mines in production in 2017.
•
Systematically explore to evaluate the camp’s full potential for new discoveries.
•
Create employment and growth in Chibougamau.
Chibougamau Camp
5
