Nicobat4.jpg
(Ni-Co-Cu-PGE + Zn)

Nicobat Project

22 Sq. Km

Total Surface Area

Accessible

Road Infrastructure

Power

Available on Site

Mining Friendly

Producing area in NW Ontario

Rainy River gold mine

Nicobat Project (Ni-Co-Cu-PGE + Zn)

MAX Power’s listing property is the Nicobat Project situated about 20 km southeast of New Gold’s Rainy River gold mine (pictured left) in the heart of an under-explored part of Northern Ontario’s Rainy River Greenstone Belt.

Claims

Nicobat consists of 165 non-contiguous claims in six townships covering a total surface area of nearly 22 sq. km. The nearest town is the historic mining community of Fort Frances, about 45 km to the southeast.

Quetico Fault

The Quetico Fault is a major strike-slip fault that traverses through the Rainy River Block and Nicobat, where early dextral transtension was followed by late sinistral transpression. Such an environment is conducive to the emplacement of mafic-ultramafic intrusions and associated semi-massive to massive Ni-Cu-Co-PGE mineralization. The area has been explored intermittently for Ni-Co-Cu-PGE and VMS-type zinc mineralization since the early 1950’s but only very limited drilling has been carried out.

In 2018, Crystal Lake Mining (now Enduro Metals) competed an airborne magnetic-electromagnetic survey at Nicobat. The purpose of the survey was to delineate magnetic and coincident electromagnetic anomalies which could be caused by massive sulphide mineralization. Multiple conductors were identified and conductors for the two highest-ranked anomalies were modelled by Condor Consulting Inc. of Denver, Colorado, to determine their depth and geometry for drill hole targeting. Crystal Lake acquired a project in Northwest B.C. in 2018 and the claims now held by MAX went into Crystal Lake spinout Sassy Resources (MAX and Sassy completed an option agreement last year – see “The Deal” further below). 

Based on the geological setting of the Rainy River Block, historic exploration and the 2018 airborne EM survey completed at Nicobat, MAX Power’s geological consultants (Ronacher McKenzie Geoscience) concluded that drill testing the modelled conductors in Potts Township for the presence of massive sulphide mineralization is warranted.

The area of the Potts Township claims is densely vegetated. Outcrop at Nicobat in general is sparse, hence the possibility of “blind” deposits and the importance of geophysics as a vectoring tool. Nicobat is covered by up to 60 meters of glacial drift, with 25 to 35 meters being the average thickness.

In 1972-73 Inco completed three shallow drill holes (58 m, 69 m and 110 m) in northern Mather Township at the border with Potts Township. No detailed descriptions or assay data are available in drill logs but Assessment Report 52C13SW0003 confirmed that zinc and copper sulphides “associated with gabbro” overlying felsic rocks were intersected in the holes.

NI 43-101 Technical Report
March 9, 2021

Nicobat Project
Rainy River Area, Ontario

Prepared for:
MAX Power Mining Corporation

Prepared by:
Elisabeth Ronacher, PhD, P.Geo.
Jenna McKenzie, P.Geo.
Ronacher McKenzie Geoscience Inc.