• TSX-V: FMC

Love Lake Palladium Exploration Project

Ownership:

Forum owns a 100% interest in 10 claims acquired by staking.

Stage:

The Ni-Cu-PGM occurrences are associated with the 2.5 billion year old Swan River mafic complex and the Love Lake felsic pluton in the Peter Lake Domain. Forum has now staked a 30 km by 15 km area of historic copper- nickel- platinum group metal showings which returned up to 0.31% Cu over 5.2m in a trench, with visible sulphides occurring in outcrop along a 1.5km east-west trend of “reef type” layered intrusive that was not properly tested by historical drilling. Grab samples in Trench #4 in the Korvin Lake area returned 0.33% Cu, 1.33% Ni, 2735 ppb platinum, 2685 ppb palladium, 70 ppb gold and 0.43%Cu, 0.23% Ni, 3580 ppb platinum, 4275 ppb palladium, 200 ppb gold. (Saskatchewan Geological Survey – Maxeiner and Rayner, 2005).

Two drill holes on the project returned 31.7m of 0.23% Cu and 36.6m of 0.29% cu.

Size:

10 claims totaling 27,896 ha

Location & Infrastructure

The project is located along Highway 905 to the Rabbit Lake/McClean Lake mine sites, approximately 60 km northeast of Forum’s Janice Lake/Rio Tinto copper joint venture in north-eastern Saskatchewan.

Regional Significance

Substantial regional scientific research suggests a re-evaluation of the property utilizing a new exploration approach to determine the palladium potential is required.

Significant Comparable Deposits

Comparable geological environment to North American Palladium’s Lac Des Isle deposit in Ontario northwest of Thunder Bay.

Outlook:

  • 2019: summer exploration mapped outcrops along the road, finding numerous breccias and layered units.  A day was spent at the historic trenches, mapping and collecting numerous samples.  The samples were collected for geochemistry and processed at TSL laboratories in Saskatoon.
  • 2020: a high-resolution airborne magnetometer survey was completed in early August, covering approximately 3,500 line km using a 100 metre line spacing.  This survey identified three main areas of interest; West Road, Korvin Lake and What Lake.  A mapping, outcrop sampling and soil sampling program was completed over these areas by early September and assay results have been returned.  The results are now being processed and permitting is underway for an EM survey over the three targets, to be followed by a diamond drill program.

Geology Map of the Love Lake Project.  Red dots are the Cu - Ni - PGE showings.

 

Interpreted Plan and Cross Section of the Love Lake Complex Area. 

Sulphides Within Mafic Rocks from the Korvin Lake Trenches

 

 

 


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