Cache River Property

The Cache River Property is located about 120 kilometres (75 miles) west of Goose Bay, Labrador, a small town of 9,000 people on the Atlantic Coast of northern Canada. It takes approximately one and a half to two hours to drive to the Cache River Property from Goose Bay.

The Cache River Property lie within NTS map sheets 13E/01 and 13F/04 and extends approximately from 53o 11’ 08’’ N latitude and 62o 11’ 56’’ W longitude to 53o 06’ 34’’ N latitude and 61o 57’ 02’’ W longitude.

Goose Bay features an international airport. From there, the Cache River Property can be accessed directly from the Trans-Labrador Highway. The Cache River Property is easily accessible by the Trans-Labrador Highway, which runs through the central portion of the Cache River Property. The Trans-Labrador Highway is a well maintained Provincial Highway with a gravel surface. There are no gas stations between Goose Bay and Churchill Falls, the next major community located 290 kilometres (180 miles) to the west of Goose Bay and 160 kilometres (105 miles) to the west of the Labrador Claims.

Access to the Cache River Property is possible for most of the year given the proximity to Goose Bay and the fact that the highway is well maintained. Airborne geophysical surveys are best performed either in late winter (March-April) or during the summer (June-August). Ground geophysical surveys should be scheduled to avoid freeze-up (November-December) and breakup (late April to early June). Ground geological surveys are best conducted with no snow cover (mid-June to mid-November).

Description of Claims

The Cache River Property consists of a total of 53 mineral claims of which 6 claims are held under Licence 013472M and an additional 47 claims were recently staked and are held under Licenses 031643M and 031889M as described in the table below.

 

Summary of Claims

Number

# of Claims

NTS

Area (hectares)

Good to Date

013472M

6

13F/04

150

05-17-2022

031643M

29

13F/04

725

12-13-2025

031889M

18

13F/04

450

01-20-2026

Exploration History

In October 2007 we completed a 1493- line-km helicopter-borne, AeroTEM electromagnetic, magnetic, and radiometric survey over the Cache River property at a line spacing of 100 meters. The airborne survey identified 8 conductive targets which warranted a ground follow-up.

In the Fall of 2009, geological reconnaissance, along with prospecting and (rock) sampling, was completed on three of our eleven licenses on the Cache River Property. Some, but not all of the known mineralized (copper and gold) zones were sampled as this was more of a reconnaissance exercise until a more systematic program is put in place. In addition, to the usual base metal sampling, scintillometer surveys were done on the exposed rock cuts along the highway and selected areas of the southern portions of the three licenses (to test for potential radioactive and rare earth element mineralization).

Work on the property during June of 2010 consisted of prospecting, sampling, and geological reconnaissance on, and around, electro-magnetic and radiometric anomalies that were identified during the 2007 airborne survey. Earlier sampling on rock cuts along the highway had shown copper and gold values up to 6.4% copper and 108 ppb gold, which warranted further exploration.

Continued prospecting during July 2010 on other areas of the property has revealed additional outcrops containing malachite (oxidized copper mineral) alteration on the western end of the property near anomaly number one.
In August and September of 2010, a follow-up program of diamond drilling was contracted to an Ontario, Canada, drilling company and a total of 522.5 meters was drilled in 6 holes.

In August and September of 2010, a follow-up program of diamond drilling was contracted to an Ontario, Canada, drilling company and a total of 522.5 meters was drilled in 6 holes.

In November and December 2010 an induced polarization (IP) survey was completed on two grids located on the property. Grid 1 consisted of 19, 1.6 km lines oriented at 360 degrees. Five of those lines were cut short (1.2 km) due to a large lake that was not completely frozen at the time of the survey and was considered unsafe. A 1.8 km baseline oriented at 090 degrees crossed the centre of the grid. Grid 2 consisted of 13 lines that varied from ~750 m, in the south to 1500 m in the north. The lines were oriented at 090 degrees with a baseline 1.2 km long, oriented at 360 degrees.

In June of 2011, we conducted a prospecting program that defined the eleven drill targets in the anomalous areas which were identified by the Induced Polarization Survey completed in late 2010.

In the Fall of 2011, a follow-up program of diamond drilling was contracted to an Ontario, Canada drilling company and a total of 271 meters was drilled in 4 holes.

In the Fall of 2012, a follow-up program of diamond drilling consisting of two holes was drilled by Innu-Cartwright Drilling Limited Partnership.

Exploration Results

Disseminated mineralization consisting mainly of pyrite, pyrrhotite, and chalcopyrite were detected in several areas of the property. Mineralization was first noted in roadside rock cuts, samples were taken but the GPS location was not recorded as none were available, only a generalized location within several metres was given to the geologist.

After acquiring the property, an airborne electromagnetic, magnetic and radiometric survey was completed, and several anomalies were detected. Wolverine then engaged a geologist to supervise the prospecting, trenching, and drilling program. Prospecting revealed other zones of disseminated copper and gold mineralization, mainly in rock cuts along the highway which had the best exposure as most of the property is covered by marsh and forested overburden.

Diamond drilling on two airborne anomalous areas revealed disseminated mineralization in four of the six drill holes.

An induced polarization (IP) survey was completed on two selected areas that detected 23 anomalous zones.

Of the four holes drilled in the fall of 2011, two had minor indications of sulphide mineralization with magnetite, while one contained disseminated mineralization consisting of blebs of chalcopyrite and pyrite for approximately 37 metres (121 feet).

The two anomalies drilled in the fall of 2012 at approximately 50-degree angles did not intersect sufficient amounts of mineralization to account for the magnitude of that picked up by the IP survey. There are very minor amounts of pyrite and the rock is slightly magnetic with only background radioactivity.

Phase 1 Exploration Program-Summer/Fall 2021

The work recently completed on the Cache River Property has identified an area that could host significant copper and gold mineralization in a previously unexplored area.  Exploration programs conducted between 2006 and 2012 consisting of prospecting, trenching and diamond drilling did not return significant results. However airborne and ground geophysical surveys identified numerous anomalies. Much of the previous drilling was limited in-depth and many anomalies remain untested.  Prior to launching further deeper drilling, a review of all previous geophysical surveys will be completed by a qualified geophysicist to determine which type of new geophysical survey should be performed to locate deeper-seated mineralization on the original 6 claims and on the new additional 47 claims that were staked in November and December of 2020.

A proposed $100,000 program is recommended to complete Phase 1.

Project Management/Staff Costs

$ 10,000

Geophysicist (review of previous geophysics/work; recommend new program)

$ 15,000

Geophysical survey – to be determined

$ 55,000

Report revision/miscellaneous

$  7,500

Subtotal:   $ 87,500

Contingency ~ 13%   $ 12,500

Phase 1 Total   $100,000