T he rush is on to discover the next major mining camp in the Canadian
Arctic and Coronation Minerals' early recognition of the potential
of the region, will be a major player in the ensuing and inevitable
development of the area.
Coronation Minerals explores for world class copper-nickel-platinum
group metal ore bodies in Northern Canada.
Coppermine
River Property Within the 75,747.69 acre Coppermine River Property
there are at least 12 documented copper-silver occurrences as well
as encouraging indications for gold and platinum. The northern claim
block(75,747.69 acres) hosts a major gravity/magnetic geophysical
anomaly which represents a potential billion dollar Noril'sk type
drill target. The Noril'sk region of Russia's high arctic currently
produces about 20% of the worlds nickel, more than one third of
the worlds palladium, a quarter of its platinum and 20% of its copper.
Wellgreen Mine
Property
The Wellgreen platinum group metal (PGM rich, copper-nickel deposit
is located in the southwestern Yukon, approximately 317 km northwest
of Whitehorse and 125 km north west of the town of Haines Junction.
The property consists of 91 claims held under a renewable 21-year
mining license.
Mineralization on the Wellgreen property occurs within a variably
serpentinized, 20-km-long ultramafic body, known as the Quill Creek
Complex, that intrudes Permian sedimentary and volcanic rocks. Three
main zones of PGM-enriched copper-nickel mineralization have been
outlined on the Wellgreen property, the East Zone, the West Zone
and the North Zone. Proven and probable reserves are estimated to
be 50.03 million tonnes grading 0.35% Cu, 0.36% Ni, 0.54 grams/tonne
platinum and 0.34 grams/tonne palladium (WGM 1989).