Bowden Lake

Overview:


Bowden Lake Deposit located under Bowden Lake that is adjacent to Wabowden town site and it is parallel to the long axis of Bowden Lake, located approximately 6 kilometres north of the Bucko Deposit.


Activities:



In 2004, the Company (CaNickel Mining Limited and formerly known as Crowflight Minerals Inc.) entered into joint venture agreement with Xstrata (formerly Falconbridge Limited) to develop nickel properties in Thompson, Manitoba (News Release June 16, 2004) and received TSX Venture Exchange Approval for the joint venture agreement. The properties optioned by the Company from Falconbridge are the Bucko Deposit and associated exploration land package adjacent, north and south of the Bucko Deposit in the Thompson Nickel Belt (TNB). The entire land package covers more than 190 square kilometres of mining leases and claims located in the Wabowden segment of the TNB, located 100 kilometres south of Vale's (formerly Inco) producing mines (Thompson and Birchtree) (News Release August 18, 2004).

Xstrata spent over C$ 15 million on these claims since the 1960's and intersected several Nickel-rich zones. There are two known Nickel occurrences on the Bowden Lake Property, excluding the Bucko Deposit - the Bowden Deposit and M11A Target. The Bowden Deposit was initially detected in 1962 by an airborne INPUT geophysical survey. Previous work at Bowden Lake by Falconbridge between 1962 and 1995 consisted of ground geophysical surveys (magnetic, IP and seismic) and diamond drilling in the 1960's (61 drill holes totalling 23,410 metres). The historic drilling was widely spaced, with up to 225 metres spacing between drill holes in some areas. The Bowden Lake zone is hosted in one of the largest mineralized ultramafic bodies in the TNB, up to 150 metres wide by 900 metres long (News Release November 09, 2004).

The Company announced that its joint venture partner Xstrata had delivered preliminary results of the airborne MegaTEM geophysical survey flown over the entire Joint-Venture 190 km2 land package in the Thompson Nickel Belt. The main objective of the deep penetrating geophysical survey was to define the potential for massive and/or stringer Nickel sulphides, similar to those at Vale's (formerly Inco) mines along the same belt. In addition, Xstrata began drilling at the Bowden Deposit on November 3, 2004 (News Release November 10, 2004).

The Company announced that the joint venture partners stared a major winter 2005 drill program (15000 meters) at the Bucko Lake Deposit and the surrounding exploration claims, including the Bowden Lake Property. The Bowden Lake, M11A and Bucko North Extension areas are attractive targets as they are linked by a nickel-bearing ultramafic system.


The 2004-- 2005 Exploration activities on the TNB properties are focused on the discovering of a multi-million tonne primary nickel deposit through Xstrata's (the operator of the exploration program) application of modern geophysical techniques supported by more recently understood models of nickel deposition at that time (based on Thompson, Raglan and Voisey's Bay nickel deposits) and then telescoped from a broad regional examination to specific target generation and evaluation with maximum emphasis placed on drill investigation. (News Release April 22, 2005).

A MIDAS, high resolution helicopter-borne magnetic geophysical survey started in late December 2005 on the area between the Bucko Deposit and the Bowden Deposit on the Thompson Nickel Belt ("TNB") South Project as well as a large region covering favorable stratigraphy and known nickel showings on the TNB North property immediately northwest of Vale's producing Birchtree Mine (refer to press release dated December 20, 2005). The survey was concluded in Early January 2006.

During the winter 2005 exploration season 5 holes were drilled for approximately 3,200 metres with the purpose of testing in and around previously identified mineralization at Bowden Lake. The objective was to identify potentially higher grade zones of nickel mineralization over potentially mineable widths. The program was successful in intersecting some attractive grades and thicknesses of nickel mineralization, including:
  • Hole BD 05-02A which intersected 11.13 metres grading 1.27% nickel; and
  • Hole BD 05-04 which intersected 75 metres grading 0.76% nickel; including a 0.5 metre intersection grading 3.15% nickel (refer to attached location map and longitudinal section with accompanying table of results from Bowden Lake drilling).

Figure 1

TNB South Project Location Map and Bowden Lake Longitudinal Section

View Hi-Res PDF version

Initial exploration plans for the TNB South Project Area included the drilling of an additional 2 to 4 holes from the ice surface on Bowden Lake during the 2006 winter exploration program. Mild winter conditions however, prevented the build-up of sufficient ice on Bowden Lake to permit drilling as originally planned. Since then, the company has been drilling on the other deposits in the TNB South area but Bowden Lake deposit.In light of CaNickel's commitments in the Bucko Lake Mine Operations, the Company currently has no plan to advance the exploration at Bowden Lake.  
CANICKEL MINING LIMITED. P.O. Box 35 1655-999 West Hastings Street, Vancouver, British Columbia, Canada V6C 2W2 P: 778-372-1806 F: 604-254-8863 E: