Copper Road Project

The Copper Road project sits on the northeastern flank of the Mid-Continental Rift within the Proterozoic Keweenawan Group. The Mid-Continental Rift is the same structure that formed Lake Superior and the world-class Keweenawan peninsula copper-mining region in the US, which housed the initial copper rush in the mid-1800s and was mined for more than 150 years.

Lake Superior Regional Geology

The Batchewana Bay area has a long history of prospecting, exploration and mining activity dating to the mid-1800’s with copper production from 1965-1972 at the former Coppercorp and Tribag Mines. Both mines were closed to low copper prices in the early 1970s and closed to staking by the Ministry (Coppercorp 1972-2002/Tribag 1974-2008).

The area has seen limited exploration since 1998 due to fragmented land ownership and staking closures. The Company has consolidated the majority of known regional targets into a 24,000 ha contiguous project which contains multiple zones of near surface Cu/Au/Mo/Ag showings validated by historical production and historical drilling/trenching/sampling.

The Company is focused on two zones of known near-surface mineralization which are approximately 12 km apart. There has been 4,200 metres of diamond drilling completed to date: the Tribag and JR Zones established as large-scale at-surface Cu-Mo-Au-Ag targets.

1. JR Zone

JR Zone is in the centre of 30 kilometres of mineralization with two past producing high-grade copper mines, the Coppercorp to the southwest and the Tribag to the northeast.

Historical exploration at the Richards Breccia and Jogran Porphyry by Jogran Mines (1964), Phelps-Dodge (1966), Duration Mines (1988), Noranda (1992) and Aurogin Resources (1997) encountered broad near-surface intersections of copper mineralization that is untested below 200m.

JDH-13: 5 to 152m: 147m @ 0.53% Cu Eq, 0.27% Cu, 0.068% MoS2

JDH-16: 5 to 170m: 165m @ 0.43% Cu Eq, 0.23% Cu, 0.054% MoS2

The 2023 drill program by Copper Road, consisting of 7 drill holes totaling 1,224 metres, tested the Jogran Porphyry and Richards Breccia targets which are approximately 1 km apart. The drill program was designed to test the extent and continuity of the mineralization encountered in previous historical exploration by Jogran Mines and Aurogin Resources – assays expected soon.

2. Tribag Zone

The former Tribag Mine consists of multiple mineralized breccias, some of which were mined by Tribag Mining Company/Teck Resources.

Historical production at the former Tribag Mine operated by Teck Resources 1966-1972: 1.1 million tons processed @ 1.5% Cu from the Breton, East and West Breccias.

Breton Breccia:

  • 2022 drilling confirmed and extended historical zones of near-surface copper mineralization.
    • TR-22-06: 100.39m @ 0.32% Cu, 3.99 g/t Ag, 0.35% Cu Eq
  • Historical estimate by Teck Resources Breton Breccia: 40 million tons at 0.4% Cu

East Breccia:

  • 2022 drilling extended near-surface Cu, Mo, Ag, Re mineralization.
    • TR22-08: 9m @ 0.6% Cu, 6.83 g/t Ag, 0.15% Mo, 0.56 g/t Re (1.47% Cu Eq) Potential high-grade feeder structure at 330 m.
  • Historical estimate by Teck Resources East Breccia 125 million tons at 0.13% Cu and 0.05% Mo