www.NUINSCO.ca
5
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 2016.
•
Systematically explore to
evaluate the camp’s full potential
for new discoveries.
•
Create employment and growth
in Chibougamau.
N
MineCopperCliff
MineCopperRand
MineCedarBay
Mine Jaculet
LacDoreDeposit
LAKE CHIBOUGAMAU
CHIBOUGAMAU
CornerBayDeposit
Scale1:125,000
KILOMETRES
0
2
1
ZoneS-3
MineBruneau
MineHenderson l
MinePortage
MineHenderson ll
HermalifeBay
LAKE
DORE
ceased in 2008 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 Perch River copper
project. Perch River is a shallow, flat-lying,
copper deposit located approximately 80
km northeast of the town of Chibougamau.
Easily accessible from the existing road
network, Perch River, like Corner Bay, has
the potential to be a feed source for CBay’s
Copper Rand mill in the near term.
In 1973, an exploration ramp was
developed to sample 12,150 tons of material
from Perch River which was processed at
a mill in Chibougamau. The deposit is not
fully delineated and there is considerable
potential to define more mineralization
to the north and east.