Claim block number (units): 10280 (44)
NTS Location: 21 H/15
Contact Information: 506-566-1962
Discovery of a new vanadium- and titanium-rich mineralized magnetite layered gabbro:
Potential Deposit Type – Intrusion-Related Fe-Ti-V (Au) deposit
The Caledonia Mountain project represents a newly discovered mineralized layered gabbro. It was originally identified by Falconbridge Ltd. when they uncovered a 4-meter-wide zone of sub-massive magnetite during their exploration for Ni-Cu-PGE in the early 1990’s. In 2019, the area was explored for its Fe-Ti-V potential with samples returning values ranging up to 1.10% V2O5 and 6.18% TiO2. A significant zone of Fe-Ti-V mineralization was identified with six outcrop areas ranging from 0.49% to 1.05% V2O5 that highlights a 600 m wide by 2000 m long zone of magnetite layered gabbro with ore grade titanium and vanadium (purple line in Figure 1). Additionally, this newly discovered layered gabbro also has a significant Au soil anomaly. The unmapped gabbro is believed to be another Precambrian-aged gabbro paralleling the previously known gabbro/granodiorite that also contains a significant gold-in-soil anomaly and 1.10% V2O5.
The early GSC airborne magnetometer survey was further defined by a more detailed NBDNR magnetometer survey that resolved the GSC magnetic anomaly over the Caledonia gabbro. It clearly shows three distinct, parallel, northeast-trending magnetic anomalies (NBDNR Map Plate 80-100d). The limited two-line soil survey that was carried out over each gabbro unit also highlighted two significant gold-in-soil anomalies overlying the middle and southern parallel magnetic anomalies. These gabbro units also have significant sized VLF in-phase conductors (Figure 1.1). Additional follow-up work was recommended at the time but has never been followed up until now.