TSX-V: CMV


The 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).

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