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FIN RESOURCES LIMITED — Capital/Financing Update 2023
May 28, 2023
64920_rns_2023-05-28_ee90ab6f-720a-45ec-8020-d1aadd848e2c.pdf
Capital/Financing Update
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ASX Release
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Multiple Lithium & REE Targets Identified and Additional Ground Staked at Ross Lithium Project
Highlights
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The Ross Lithium Project (“Ross” or the “Project”) (James Bay, Quebec): Covers >30km strike length of underexplored greenstone belt located along strike to the east of the neighbouring Whabouchi lithium deposit (36.6 Mt at 1.3% Li20).
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A comprehensive desktop review of the historical work completed across Ross has identified a significant number of pegmatitic granites which were mapped by Canadian Government geologists and previous private sector explorers which includes several coarse-grained pegmatites (incl. tourmaline pegmatites ) throughout the Project.
29 May 2023
ASX: FIN
Corporate Directory
Technical Director Brian Talbot Non-Executive Director Jason Bontempo
Non-Executive Director and Company Secretary Aaron Bertolatti
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Additionally, a number of historical pegmatitic rock chip samples were assayed for Li ( Max 243ppm Li2O ), associated LCT pegmatite pathfinders and rare-earth elements (REEs), with several samples returning results for cerium (Ce) above the detection limit (Upper Detection Limit >500ppm Ce ).
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High-resolution satellite imagery analysis completed over the Ross Lithium Project by Dr Neil Pendock has identified a significant number of possible lithium-caesium-tantalum (LCT) pegmatite outcrops which require priority field confirmation and follow up work.
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FIN have now staked an additional 7 claims , covering an area of open ground immediately southwest of Ross that appears to be highly prospective for LCT pegmatites as highlighted by Dr Pendock’s work.
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Compilation of the historical exploration data is ongoing and will be followed by detailed field mapping, outcrop sampling and geochemical sampling which is expected to be completed during the upcoming Canadian summer field season.
Fin Director, Mr Jason Bontempo stated “The Ross Lithium project has significantly exceeded our expectations since acquisition. Further desktop review including compilation and overlay of the results of historical work and recent satellite imagery completed, now presents the Ross Lithium Project to be highly prospectve for lithium and REE mineralisaton . This work has identified a significant number of possible pegmatite outcrops which FIN will immediately begin planning fieldwork to commence in the third quarter”
Registered Office 35 Richardson Street West Perth WA 6005
LCT PEGMATITE TARGETS IDENTIFIED AT ROSS LITHIUM PROJECT
A comprehensive desktop review of the historical exploration data available across the Ross Lithium Project has identified a significant number of pegmatitic granites which have been mapped across the Project by Canadian Government geologists and previous private sector explorers. Of particular importance is the frequency of fractionated / altered felsic rocks observed within the Project, which is very encouraging, including several coarse-grained pegmatites. Additionally, tourmaline, molybdenum crystals and biotite have been logged throughout the tenure within coarse grained pegmatites and granites.
[email protected] www.finresources.com.au
ABN: 25 009 121 644
LCT pegmatites are defined as a subset of granitic pegmatites that are associated with certain granites. They are a coarse-grained rock that consists mostly of quartz, potassium feldspar, albite, and muscovite. Common accessory minerals include garnet, tourmaline, and apatite. The major lithium ore minerals are spodumene, petalite, and lepidolite; cesium mainly comes from pollucite; and tantalum mostly comes from columbite-tantalite[1] .
Within a 2009 report submitted to SIGEOM by Landmark Minerals Inc whilst exploring for uranium (2008, GM64248[2] ), multiple pegmatite outcrops were successfully mapped throughout the Ross Project (see Figure 1 ). A number of samples taken from mapped pegmatite outcrops within the Ross Lithium Project were assayed for Li (Max Li2O 243.3ppm), associated LCT pegmatite pathfinders and REEs, with several samples returning results for Ce above the detection limit (Ce, Upper Detection Limit >500ppm Ce) (see Figure 2 ).
Further review of the historical results has identified that several of the rock chip samples returned elevated tantalum (Ta; max 1.79ppm) and caesium (Ce; max 5.99ppm), providing further evidence that fertile LCT pegmatites are likely present across the Ross Project.
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Figure 1 Ross Lithium Project overview showing anomalous Li2O results within historical pegmatite sampling, mapped pegmatitic outcrop from the geofiche government database and interpreted pegmatite trends
1 Bradley, Dwight, and McCauley, Andrew, 2013, A preliminary deposit model for lithium-cesium-tantalum (LCT) pegmatites (ver. 1.1, December 2016): U.S. Geological Survey Open-File Report 2013–1008, 7 p., https://doi.org/10.3133/ofr20131008.
2 Ministère des Ressources naturelles et des Forêts, SIGÉOM, Report reference GM64248 Landmark Minerals (2009).
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Figure 2 Ross Lithium Project overview showing anomalous Ce ppm results within historical pegmatite sampling, mapped pegmatitic outcrop from the geofiche government database and interpreted pegmatite trends
The results of this historical work, and the recent work completed by Dr Pendock has highlighted that the Ross Lithium Project appears highly prospective for lithium and REE mineralisation.
Consultant Dr Neil Pendock (Dirt Exploration) was engaged by Fin Resources Ltd (“FIN”) to complete multispectral analysis across the Mount Tremblant Lithium Projects (which include the Cancet West, Gaspe and Ross Projects; collectively the “Projects”). Results have now been received for the Ross Project where a significant number of exploration targets interpeted as potential LCT pegmatites have been mapped. A spectral unmixing of a September 2022 Sentinel-2 scene has produced two minerals, interpreted as hectorite and spodumene which are spatially correlated with nearly 109 rock chip samples within the region of interest that were assayed for lithium from the government geochemistry database (see Figure 1 ).
The exploration targets were generated by training a multivariate statistical classifier on the location of the governments rock chip samples. The classifier is a digital fingerprint of the lithium response in the region of interest that was selected surrounding Ross.
FIN have now staked an additional 7 claims, covering an area of open ground immediately southwest of the Ross Project. This newly staked ground appears highly prospective for LCT pegmatites as was highlighted by Dr Pendock’s work.
ABOUT THE ROSS LITHIUM PROJECT
After expansion, the Project covers a total area of ~8,900-hectares located approximately 90 km northeast of Nemaska Whabouchi spodumene-bearing pegmatites lithium deposit (proven resource 36.6 Mt @ 1.3% Li2O[3] ) (See Figure 3 ). The Whabouchi lithium deposit is hosted within northeastsouthwest striking greenstones that extend to the northeast towards the Ross Project.
The Ross Project covers more than 30 km of underexplored greenstone with significant potential to host LCT pegmatites and REE mineralisation within the Project.
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Figure 3: Ross Project location showing neighbouring lithium explorers and developers
Upcoming Works Programmes across the Mt Tremblant Lithium Projects
Near-term works programme for the three project areas to include;
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Continued In-depth review of historical datasets and mapped outcrops across the Projects.
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High-resolution satellite imagery acquisition and interpretation.
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Remote sensing and geophysics as required, with interpretation in conjunction with the historic datasets and satellite imagery to highlight areas for ground-proofing and sampling during the upcoming summer season.
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Preparations for the upcoming field season are underway with commencement planned during Q3 2023.
Authorised for release by: Jason Bontempo - Non-Executive Director
For further information contact:
Jason Bontempo - [email protected]
3 Mineral Reserve reported in accordance with NI 43-101, comprising Proven Mineral Reserve 19.0Mt @ 1.41% Li2O and 17.6Mt @ 1.19% Li2O Probable Mineral Reserve, See Nemaska Lithium Inc. (TSE: NMX) Updated NI 43-101.
Cautionary Note
The interpreted presence of pegmatite, pegmatite granite or visual spodumene does not equate to lithium mineralisation. The Company is encouraged by the geology identified by the initial work programmes within Cancet West, but no quantitative or qualitative assessment of mineralisation is possible at this stage. The Company plans to undertake field work to test for potential lithium mineralisation and laboratory analysis of rock chip samples is required to determine if the remote-sensing has mapped pegmatites and pegmatite granites that have the potential to host mineralisation.
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by FIN and reviewed by Mr. Thomas Ridges who is a member of the Australian Institute of Mining and Metallurgy. Mr. Thomas Ridges is an employee of Sustainable Resources Pty Ltd consulting to FIN and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Ridges consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Forward looking statements
This release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on FIN’s current expectations, estimates and assumptions about the industry in which FIN operates, and beliefs and assumptions regarding FIN‘s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of FIN. Actual values, results or events may be materially different to those expressed or implied in this release. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this release speak only at the date of issue of this release. Subject to any continuing obligations under applicable law and the ASX Listing Rules, FIN does not undertake any obligation to update or revise any information or any of the forward-looking statements in this release or any changes in events, conditions or circumstances on which any such forward looking statement is based. Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement.
Historical Reporting of Results
COMMENTS REGARDING THE REPORTING OF OTHER ENTITIES EXPLORATION RESULTS
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The exploration results reported herein have been sourced from public reports as listed in the References.
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The information in this announcement is an accurate representation of the available data for project that has been sourced to date.
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The historical exploration results were not reported in accordance with the JORC Code
Appendix 1:
Historical Rock Chip Samples and Mapped Pegmatite Details
| Sample Collection | A Eurocopter AS350BA helicopter was contracted from Heli-Excel |
|---|---|
| and Medium: | to provide transportation to the work sites from the base camp. |
| Radiometric prospecting was conducted using GR-110 | |
| scintillometers. The location of samples and scintillometer | |
| readings were controlled with the use of handheld Garmin 60CS | |
| GPS units. | |
| Samples were selected during prospecting based on high | |
| radiometric readings on scintillometers. Samples were always | |
| taken when readings were above 900 counts/second, but often | |
| outcrops of interest were sampled regardless of counts. | |
| Pegmatites were sampled selectively in this way, as were outcrops | |
| and boulders showing distinct "yellow product" (uranium oxides) | |
| and sometimes disseminated fuchsite. Sampled material was | |
| chosen to include as little cortex as possible to avoid depletions | |
| and enrichments due to weathering. | |
| Sample Spacing: | Samples were sampled on an adhoc basis, not on an orientated |
| grid so sample spacing appears to have been fluid throughout the | |
| programme. | |
| Number of Samples: | 39 samples with assay values within the Ross Project held by FIN |
| Resources. | |
| QAQC: | The exploration results reported herein have been sourced from a |
| publicly available SiGEOM Report GM64248. Details on QAQC, | |
| Sample security and chain of custody are unknown. | |
| Analysis: | Samples were sent to the ALS Chemex sample preparation facility |
| in Val d'Or, Quebec, with pulps then sent to ALS Chemex in | |
| Vancouver,, BC for analyses. All samples were crushed and |
pulverized to <75 um by the lab. Two main analytical procedures were used.
ME-MS61 four acid digestion and 48 element mass) spectrometry was the primary analysis for determining U and Th, the primary elements of interest in this exploration
program.
Sample Preparation: Received Sample Weight
Sample login - Rcd w/o BarCode Screen to -180um and save both Sample Analysis: 48 element four acid ICP-MS
| Element(Units) | **Ag ppm ** | Al % | **Asppm ** | **Bappm ** | **Beppm ** | **Bippm ** | Ca % | **Cdppm ** | **Ceppm ** | **Coppm ** | **Crppm ** | **Csppm ** | **Cuppm ** | Fe % | **Gappm ** | **Geppm ** | **Hfppm ** | **Inppm ** | K % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lower Detection Limit | 0.01 | 0.01 | 0.2 | 10 | 0.08 | 0.01 | 0.01 | 0.02 | 0.01 | 0.1 | 1 | 0.05 | 0.2 | 0.01 | 0.05 | 0.05 | 0.1 | 0.008 | 0.01 |
| Count | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Min | 0.01 | 0.05 | 0.005 | 20 | 0.005 | 0.005 | 0.12 | 0.005 | 0.42 | 0.2 | 3 | 0.07 | 0.8 | 0.028472 | 0.38 | 0.005 | 0.1 | 0.001 | 0.04 |
| Max | 0.3 | 9.73 | 3.9 | 1840 | 2.68 | 1.54 | 7.13 | 0.63 | 500 | 34.1 | 160 | 5.99 | 119.5 | 6.63 | 54.7 | 3.5 | 66.5 | 0.089 | 6.33 |
| Mean | 0.05 | 5.59 | 0.03 | 325.60 | 0.87 | 0.05 | 0.86 | 0.02 | 82.80 | 1.58 | 13.20 | 1.46 | 3.06 | 0.80 | 15.26 | 0.18 | 5.12 | 0.01 | 2.36 |
| S.D. | 0.05 | 2.15 | 0.71 | 388.42 | 0.65 | 0.35 | 1.31 | 0.12 | 176.74 | 6.04 | 30.58 | 1.20 | 20.19 | 1.44 | 9.26 | 0.58 | 13.30 | 0.02 | 1.81 |
| P25 | 0.03 | 6.615 | 0.005 | 225 | 0.665 | 0.02 | 0.53 | 0.005 | 31.05 | 0.65 | 8 | 1.07 | 1.3 | 0.425 | 14.175 | 0.1 | 3.05 | 0.005 | 2.215 |
| P50 | 0.04 | 7.07 | 0.005 | 350 | 1.03 | 0.05 | 0.78 | 0.02 | 104 | 1.4 | 12 | 1.69 | 2.1 | 0.71 | 16.2 | 0.15 | 6.4 | 0.008 | 3.74 |
| P75 | 0.07 | 7.77 | 0.35 | 720 | 1.615 | 0.085 | 1.43 | 0.06 | 248 | 3.6 | 15 | 2.325 | 5.05 | 1.68 | 19.875 | 0.295 | 10.3 | 0.017 | 4.985 |
| P97.5 | 0.1385 | 9.4735 | 1.525 | 1279.5 | 2.547 | 1.5305 | 4.09 | 0.383 | 500 | 18.33 | 104.9 | 5.325 | 56.895 | 5.5755 | 36.27 | 1.315 | 46.265 | 0.05005 | 6.007 |
| Contrast(P97.5/P50) | 3.5 | 1.3 | 305.0 | 3.7 | 2.5 | 30.6 | 5.2 | 19.2 | 4.8 | 13.1 | 8.7 | 3.2 | 27.1 | 7.9 | 2.2 | 8.8 | 7.2 | 6.3 | 1.6 |
| Contrast(Max/P97.5) | 2.2 | 1.0 | 2.6 | 1.4 | 1.1 | 1.0 | 1.7 | 1.6 | 1.0 | 1.9 | 1.5 | 1.1 | 2.1 | 1.2 | 1.5 | 2.7 | 1.4 | 1.8 | 1.1 |
| Element(Units) | **Lappm ** | **Lippm ** | Li2O | Mg % | **Mnppm ** | **Moppm ** | Na % | **Nbppm ** | **Nippm ** | **Pppm ** | **Pbppm ** | **Rbppm ** | **Reppm ** | S % | **Sbppm ** | **Scppm ** | **Seppm ** | **Snppm ** | **Srppm ** |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lower Detection Limit | 0.5 | 0.2 | 1.2 | 0.01 | 5 | 0.05 | 0.01 | 0.1 | 0.2 | 10 | 0.5 | 0.1 | 0.002 | 0.01 | 0.05 | 0.1 | 1 | 0.2 | 0.2 |
| Count | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Min | 0.005 | 0.005 | 0.010765 | 0.02 | 32 | 0.18 | 0.01 | 0.1 | 0.8 | 50 | 4.5 | 0.9 | 0.001 | 0.005 | 0.005 | 0.1 | 0.005 | 0.005 | 18.9 |
| Max | 4080 | 113 | 243.289 | 2.18 | 22800 | 80.6 | 4.44 | 35.8 | 78.3 | 10000 | 436 | 243 | 0.052 | 0.24 | 0.33 | 19.9 | 9 | 2.2 | 555 |
| Mean | 42.43 | 9.89 | 21.30 | 0.16 | 143.33 | 2.17 | 1.80 | 3.11 | 3.80 | 283.77 | 52.42 | 89.75 | 0.00 | 0.01 | 0.01 | 2.24 | 0.61 | 0.35 | 185.52 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S.D. | 661.17 | 19.02 | 40.95 | 0.41 | 4702.11 | 16.57 | 0.94 | 8.38 | 16.11 | 2157.35 | 86.77 | 67.02 | 0.01 | 0.05 | 0.08 | 4.33 | 1.60 | 0.53 | 111.34 |
| P25 | 13.9 | 9.4 | 20.2382 | 0.06 | 55.5 | 0.67 | 1.88 | 1.2 | 1.7 | 120 | 38.6 | 83.85 | 0.001 | 0.005 | 0.005 | 1.1 | 1 | 0.3 | 145.5 |
| P50 | 48.1 | 13.4 | 28.8502 | 0.14 | 90 | 1.02 | 2.1 | 3.6 | 2.3 | 200 | 53.2 | 138 | 0.001 | 0.01 | 0.005 | 2.2 | 2 | 0.5 | 223 |
| P75 | 120.25 | 17.05 | 36.70865 | 0.35 | 217 | 6.925 | 2.635 | 6.9 | 6.65 | 695 | 77.15 | 177 | 0.001 | 0.01 | 0.005 | 4.5 | 2 | 0.8 | 272 |
| P97.5 | 1382 | 62.84 | 135.2945 | 1.097 | 20140 | 61.6 | 4.421 | 35.61 | 51.985 | 10000 | 374.25 | 240.15 | 0.0102 | 0.183 | 0.3205 | 17.145 | 5.2 | 1.82 | 417.25 |
| Contrast(P97.5/P50) | 28.7 | 4.7 | 4.7 | 7.8 | 223.8 | 60.4 | 2.1 | 9.9 | 22.6 | 50.0 | 7.0 | 1.7 | 10.2 | 18.3 | 64.1 | 7.8 | 2.6 | 3.6 | 1.9 |
| Contrast(Max/P97.5) | 3.0 | 1.8 | 1.8 | 2.0 | 1.1 | 1.3 | 1.0 | 1.0 | 1.5 | 1.0 | 1.2 | 1.0 | 5.1 | 1.3 | 1.0 | 1.2 | 1.7 | 1.2 | 1.3 |
| Element(Units) | **Tappm ** | **Teppm ** | **Thppm ** | Ti % | **TIppm ** | **Upppm ** | **Vppm ** | **Wppm ** | **Yppm ** | **Znppm ** | **Zrppm ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lower Detection Limit | 0.05 | 0.05 | 0.2 | 0.005 | 0.02 | 0.1 | 1 | 0.1 | 0.1 | 2 | 0.5 |
| Count | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Min | 0.005 | 0.005 | 0.005 | 0.005 | 0.005 | 1 | 0.005 | 0.005 | 0.2 | 3 | 2.2 |
| Max | 1.79 | 0.06 | 3230 | 0.515 | 1.96 | 1260 | 87 | 136 | 366 | 103 | 500 |
| Mean | 0.18 | 0.01 | 45.24 | 0.04 | 0.52 | 19.99 | 3.15 | 0.21 | 11.83 | 15.91 | 118.71 |
| S.D. | 0.38 | 0.01 | 530.09 | 0.12 | 0.43 | 212.23 | 17.85 | 24.77 | 62.18 | 23.78 | 160.26 |
| P25 | 0.085 | 0.005 | 24.55 | 0.0175 | 0.4 | 4.3 | 2 | 0.1 | 5.2 | 7 | 64.8 |
| P50 | 0.2 | 0.005 | 52.4 | 0.034 | 0.78 | 22.4 | 6 | 0.2 | 11 | 16 | 164 |
| P75 | 0.37 | 0.005 | 114.75 | 0.122 | 1.02 | 63.7 | 10.5 | 0.3 | 23.45 | 37 | 264 |
| P97.5 | 1.7045 | 0.06 | 1216 | 0.4105 | 1.789 | 469.6 | 68.95 | 84.605 | 148.925 | 87.8 | 500 |
| Contrast(P97.5/P50) | 8.5 | 12.0 | 23.2 | 12.1 | 2.3 | 21.0 | 11.5 | 423.0 | 13.5 | 5.5 | 3.0 |
| Contrast(Max/P97.5) | 1.1 | 1.0 | 2.7 | 1.3 | 1.1 | 2.7 | 1.3 | 1.6 | 2.5 | 1.2 | 1.0 |
Appendix 2: Mapped Pegmatitic Material – Relevant Details from SIGEOM Geofiche Data
| NUMR_GEOFC | DATE_OBSR | FUS_UTM | Easting | Northing | Comment | CODE_ROCH1 | MINR1 | STRUTEXT1 | CODE_ROCH2 | MINR2 | STRUTEXT2 | CODE_ROCH3 | MINR3 | STRUTEXT3 | DATE_PREM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 457953 | 20210622 | NAD83 Z18 |
531795 | 5768954 | Amphibolite enclaves are in places in sharp contact and sometimes driven by deformation, taking an elongated shape. |
I1B | AP BO | GG GM PG LX |
M16 | HB BO | GF GM FO | 10/03/2022 | |||
| 457955 | 20210622 | NAD83 Z18 |
532124 | 5768133 | Pegmatitic pockets are present with centimetric biotite locally. Pockets rich in quartz are also observed. An enclave of decimetric paragneiss and a border of biotite is observed. |
I1B | BO | GM GG PG HJ SH |
M4 | BO | GF FO | 10/03/2022 | |||
| 457956 | 20210622 | NAD83 Z18 |
532272 | 5767680 | Locally, a slight hematization and garnet are present. Locally digested paragneiss enclaves are observed. |
I1B | BO GR | SH GG GM PG |
M4 | BO | GF FO | 10/03/2022 | |||
| 457957 | 20210622 | NAD83 Z18 |
532322 | 5767016 | The plagioclases are gray and there is strong red weatheringlocally. |
I1B | BO | GG GM PG | M4 | BO EP | FO GF HJ | 10/03/2022 | |||
| 457958 | 20210622 | NAD83 Z18 |
532894 | 5766693 | This heterogeneous outcrop is composed of quartzitic, folded sedimentary rocks with compositional changes. This paragneiss is in contact with a unit which appears to be a tuff due to the presence of layered and clastic horizons. two units contain mobilisate of similar composition showing |
M4 | BO AM | DC HK AA GM PQ ST |
V2 | BO | TX ST HK GM DC |
M15 | TL | HJ FO GM | 10/03/2022 |
| NUMR_GEOFC | DATE_OBSR | FUS_UTM | Easting | Northing | Comment | CODE_ROCH1 | MINR1 | STRUTEXT1 | CODE_ROCH2 | MINR2 | STRUTEXT2 | CODE_ROCH3 | MINR3 | STRUTEXT3 | DATE_PREM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| centimetric amphibole porphyroblasts. |
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| 457966 | 20210622 | NAD83 Z18 |
528917 | 5765904 | The outcrop corresponds to a relief, under a windfall, showing heterogranular white granite with clusters of centimetric biotites dispersed homogeneously in the rock. There is a beginning of graphic texture and chloritization of biotites. |
I1B | BO | GG PG MA | 10/03/2022 | ||||||
| 457968 | 20210622 | NAD83 Z18 |
529874 | 5765731 | The outcrop corresponds to a mound composed of white granite with rounded centimetric clusters of biotite. The grain size varies diffusely and rapidly with pegmatitic zones. |
I1B | BO | GM PG MA HG GG |
10/03/2022 | ||||||
| 457969 | 20210622 | NAD83 Z18 |
530344 | 5765584 | The outcrop corresponds to a granite hill, with large rectangular piles of biotite several centimeters. At the eastern limit of the outcrop, there is a well-deformed amphibolite, at least one meter thick. biotite and hornblende. There is no visible closure, but it could be an enclave. A small enclave of the same |
I1B | BO | GG PG MA | M16 | PG BO HB |
GR HJ GM GF FO |
10/03/2022 |
| NUMR_GEOFC | DATE_OBSR | FUS_UTM | Easting | Northing | Comment | CODE_ROCH1 | MINR1 | STRUTEXT1 | CODE_ROCH2 | MINR2 | STRUTEXT2 | CODE_ROCH3 | MINR3 | STRUTEXT3 | DATE_PREM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| nature was seen higher up on the outcrop. This amphibolite would be derived from a basalt according to the analysis |
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| 457971 | 20210622 | NAD83 Z18 |
531021 | 5764505 | It is a small outcrop composed of pink granite in places, heterogranular. Clearly defined areas are medium-grained, with centimetric K- feldspar phenocrysts. Elsewhere, we note the presence of diffuse pegmatitic granite. There are large clusters of centimetric biotite visible on the surface and the beginning of a graphic texture in places. |
I1B | BO | GG GM PG MA HG OY |
10/03/2022 | ||||||
| 457976 | 20210622 | NAD83 Z18 |
528570 | 5762766 | Granite injecting various units of pencil granodiorite, stromatic diatexite and enclaves of paragneiss. The granite is in the process of paragneiss digestion. Everything is more or less elongated according to the N70 direction. Granodiorite is mostly at the bottom of the hill, but can occur near diatexite. The granite seems to systematically separate them. In |
I1B | BO | GG SH HG MA PG GM |
I1C | CL PY EP |
YL HJ GM | M21 | BO | SK GR GM FO GF |
10/03/2022 |
| NUMR_GEOFC | DATE_OBSR | FUS_UTM | Easting | Northing | Comment | CODE_ROCH1 | MINR1 | STRUTEXT1 | CODE_ROCH2 | MINR2 | STRUTEXT2 | CODE_ROCH3 | MINR3 | STRUTEXT3 | DATE_PREM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| places, we note the presence of circular cavities with a diameter of several centimeters and a depth of millimeters. |
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| 457977 | 20210622 | NAD83 Z18 |
528359 | 5763246 | Very heterogranular granite, possibly comprising two phases, one fine- grained and the other pegmatitic. No trace of paragneiss at the topof the mountain. |
I1B | BO | GG PG MA HG GF GM |
10/03/2022 | ||||||
| 457978 | 20210622 | NAD83 Z18 |
528442 | 5764460 | Band of paragneiss intercalated with bands of amphibolite, all injected with granite. The paragneiss has undergone very little partial melting and shows obvious compositional bedding. In places in the paragneiss, there are bands millimeter to centimeter rich in hornblende. The proportion of hornblende varies across the unit. The contact between amphibolite and paragneiss is sharp. Amphibolite has variations in hornblende content. |
I1B | BO HB MG |
MA PG GG GM |
M16 | HB | FO GM RU | 21/04/2022 | |||
| 457979 | 20210622 | NAD83 Z18 |
527977 | 5764968 | Long outcrop of heterogeneous granite. At least two phases of granite, one white, pegmatitic,and the |
I1C | BO EP | GM GG PG MA HK |
M16 | HB | FO GF GM | 10/03/2022 |
| NUMR_GEOFC | DATE_OBSR | FUS_UTM | Easting | Northing | Comment | CODE_ROCH1 | MINR1 | STRUTEXT1 | CODE_ROCH2 | MINR2 | STRUTEXT2 | CODE_ROCH3 | MINR3 | STRUTEXT3 | DATE_PREM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| other dew, less important. There is possibly a third, finer- grained phase. According to the petrographic study and the geochemistry, the fine-grained granitic phase would rather be agranodiorite. |
|||||||||||||||
| 458101 | 20210701 | NAD83 Z18 |
526463 | 5764281 | I1B | BO | GG GM PG HJ |
23/11/2021 | |||||||
| 458108 | 20210701 | NAD83 Z18 |
521234 | 5767678 | Unmigmatized paragneiss under a granite cover. The paragneiss shows in places an intense alignment of biotite. |
I1B | BO | MA SH PG GG |
M4 | BO | LF FO GF | 10/03/2022 | |||
| 458111 | 20210701 | NAD83 Z18 |
522524 | 5766586 | Granite with paragneiss enclave. |
I1B | BO | GM GG PG MA HG |
M4 | BO | GF FO GR | I1 | GF | 10/03/2022 | |
| 458162 | 20210705 | NAD83 Z18 |
524773 | 5770099 | Coarse-grained granite. Same as 21- WM-2140. No enclave. No other outcrops around. |
I1B | BO AP | GP GG PG MA |
10/03/2022 | ||||||
| 458164 | 20210705 | NAD83 Z18 |
524881 | 5769249 | Granite with decimetric to metric enclaves of foliated tonalite |
I1B | BO | GG PG MA | I1D | HB BO | GM FO | 10/03/2022 | |||
| 458167 | 20210705 | NAD83 Z18 |
525450 | 5768445 | Paragneiss with pegmatiticgranite. |
I1B | BO | GG PG MA | M4 | BO | GF FO SK GR |
I1 | GM GF | 10/03/2022 | |
| 458174 | 20210705 | NAD83 Z18 |
523276 | 5769046 | I1B | BO | GG GM PG SH |
23/11/2021 | |||||||
| 458175 | 20210705 | NAD83 Z18 |
523763 | 5768859 | I1B | BO | GG GM PG MA |
M4 | BO | GM GF FO LF HJ |
I1D | BO | HJ FO GF | 23/11/2021 | |
| 458176 | 20210705 | NAD83 Z18 |
523695 | 5768283 | I1B | BO | GG GM PG | 23/11/2021 | |||||||
| 458178 | 20210705 | NAD83 Z18 |
528659 | 5770036 | Large flat outcrop of white granite with decimetric enclaves of well-foliated, hornblende-rich quartz diorite. The |
I1B | BO | PG HK HG GG GM MA |
I2I | HB | GMGG FO HJ LE |
I1 | GF | 10/03/2022 |
| NUMR_GEOFC | DATE_OBSR | FUS_UTM | Easting | Northing | Comment | CODE_ROCH1 | MINR1 | STRUTEXT1 | CODE_ROCH2 | MINR2 | STRUTEXT2 | CODE_ROCH3 | MINR3 | STRUTEXT3 | DATE_PREM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| quartz diorite is slightly migmatized. It contains darker levels inside, banding observed at outcrop 21-SG-4132. |
|||||||||||||||
| 458180 | 20210705 | NAD83 Z18 |
529497 | 5769525 | Heterogranular granite with some biotite crossed by a 50 cm thick dyke oriented E-W. Rock is not magnetic. |
I1B | BO | GM GG PG MA HJ HG |
I3B | OY HJ GT | 10/03/2022 | ||||
| 458181 | 20210705 | NAD83 Z18 |
530070 | 5769606 | Large outcrop of pink granite, massive and heterogranular. |
I1B | BO | GG PG MA HJ HG |
10/03/2022 | ||||||
| 458182 | 20210705 | NAD83 Z18 |
530514 | 5769546 | Granite injecting into a tonalite poor in ferromagnesian minerals. Tonalite is slightly foliated and is marked by the flattening of its quartz crystals in an E-W orientation. The rock is slightly magnetic. |
I1B | MG BO |
HJ MA HG GG PG |
I1C | PY MG BO CL |
GF GM FO HJ |
10/03/2022 | |||
| 458183 | 20210705 | NAD83 Z18 |
530673 | 5769080 | Homogeneous and massive pink granite with a 60 cm long enclave ofparagneiss. |
I1B | EP BO | GG MA PG HJ HG |
M4 | BO | GF FO HJ GR |
10/03/2022 | |||
| 458184 | 20210705 | NAD83 Z18 |
530372 | 5768762 | Non-magnetic biotite granite. |
I1B | BO | GG PG MA HJ HG |
10/03/2022 |
Geofiche Logging Codes
| CODE_ROCH1 & CODE_ROCH2 & CODE_ROCH3 & CODE_ROCH4 | STRUTEXT1 & STRUTEXT2 & STRUTEXT3 & STRUTEXT4 | STRUTEXT1 & STRUTEXT2 & STRUTEXT3 & STRUTEXT4 | ||
|---|---|---|---|---|
| I1 | Felsic intrusive rocks | FO | Foliated | |
| I1B | Granite | GG | Coarse grained (rocks codes V,I,M,T = 5 mm to 3cm) |
|
| I1C | Granodiorite | GF | Fine grained (rocks codes V,I,M,T = 0,1 to 1 mm) |
|
| I1D | Tonalite | GM | Medium grained (rocks codes V,I,M,T = 1 mm to 5mm) |
|
| I2I | Quartz diorite | GR | Granoblastic | |
| I3B | Diabse | GT | Very fine grained (rocks codes V,I,M,T=,01 to,1mm) |
|
| M15 | Metasomatic rocks(includingskarn & tactite) | HG | Heterogranular | |
| M16 | Amphibolite | HJ | Homogenous | |
| M4 | Paragneiss | HK | Heterogeneous | |
| M21 | Diatexite | LE | Lenticular | |
| LF | Lepidoblastic | |||
| MINR1 & MINR2 & MINR3 & MINR4 | LX | Leucocratic | ||
| AP | Apatite | MA | Massive | |
| BO | Biotite | OY | Pseudoporphyritic | |
| CL | Chlorite | PG | Pegmatitic | |
| EP | Epidote | SH | Schlieren | |
| GR | Garnet | SK | Stromatic | |
| HB | Hornblende | RU | Banded | |
| MG | Magnetite | YL | L-tectonite | |
| PG | Plagioclase | |||
| PY | Pyrite | |||
| TL | Tourmaline |
https://sigeom.mines.gouv.qc.ca/signet/classes/I0000_serviceWeb?l=a
Appendix 3:
Summary of Historical Exploration Across Ross Claims
| Ross Project Historic Reports | Ross Project Historic Reports | |||
|---|---|---|---|---|
| SIGEOM REPORTID |
Type | Title | Year | Company |
| GM64036 | Geochemistry | RAPPORT D'EVALUATION TECHNIQUE SUR LE POTENTIEL EN MINERALISATION URANIFERE DE LA PROPRIETE STRATEGIS |
2008 | Big Red Diamond Corporation |
| GM64248 | Geochemistry | REPORT ON THE FIELD WORK AND RESULTS OF 2006-2007 EXPLORATION WORK ON THE RUPERT RIVER URANIUM PROJECT |
2008 | Landmark Minerals Inc. |
| GM34175 | Geochemistry | PROJET VERIFICATION D'ANOMALIES GEOCHIMIQUES, PERMIS SDBJ-3 | 1978 | SOCIETE DE DEVELOPPEMENT DE LA BAIE JAMES |
| GM54463 | Geochemistry | RAPPORT DES TRAVAUX, PROPRIETE LAC PACIFIQUE | 1996 | MINES D'OR VIRGINIA INC |
| GM54627 | Geology | REPORT ON 1995 DIAMOND DRILLING, LAC HUDSON PROJECT | 1996 | Eastmain Resources Inc. |
| GM32951 | Geology | EVALUATION PORTANT SUR L'ACCESSIBILITE ET LE DEVELOPPEMENT DE LA REGION DU NORD-OUEST QUEBECOIS |
1969 | Energie et Ressources naturelles Quebec |
| GM64249 | Geophysics | TECHNICAL REPORT ON HELIBORNE MAGNETIC AND RADIOMETRIC SURVEYS, RUPERT PROJECT |
2008 | Landmark Minerals Inc. |
| GM49771 | Geophysics | TRAITEMENT ET ANALYSE DE DONNEES LANDSAT TM ET GEOPHYSIQUES, REGION DE LA BAIE JAMES |
1990 | Michel Rheault-Consultant |
| DPV720 | Geology | Rapport préliminaire, région de la gorge Prosper, territoire de la Baie James | 1980 | A. Franconi |
Appendix 4:
Ross Mineral Claims
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724252 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724253 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724254 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724255 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724256 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724257 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724258 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724259 | Active | 06/02/2026 23:59 |
53 |
| Ross | 2724260 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724261 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724262 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724263 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724264 | Active | 06/02/2026 23:59 |
52,99 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724265 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724266 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724267 | Active | 06/02/2026 23:59 |
52,99 |
| Ross | 2724268 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724269 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724270 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724271 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724272 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724273 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724274 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724275 | Active | 06/02/2026 23:59 |
52,98 |
| Ross | 2724276 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724277 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724278 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724279 | Active | 06/02/2026 23:59 |
52,97 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724280 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724281 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724282 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724283 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724284 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724285 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724286 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724287 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724288 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724289 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724290 | Active | 06/02/2026 23:59 |
52,97 |
| Ross | 2724291 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724292 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724293 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724294 | Active | 06/02/2026 23:59 |
52,96 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724295 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724296 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724297 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724298 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724299 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724300 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724301 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724302 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724303 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724304 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724305 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724306 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724307 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724308 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724309 | Active | 06/02/2026 23:59 |
52,95 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724310 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724311 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724312 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724313 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724314 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724315 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724316 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724317 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724318 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724319 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724320 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724321 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724322 | Active | 06/02/2026 23:59 |
52,93 |
| Ross | 2724323 | Active | 06/02/2026 23:59 |
52,93 |
| Ross | 2724324 | Active | 06/02/2026 23:59 |
52,93 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724325 | Active | 06/02/2026 23:59 |
52,93 |
| Ross | 2724326 | Active | 06/02/2026 23:59 |
52,93 |
| Ross | 2724327 | Active | 06/02/2026 23:59 |
52,93 |
| Ross | 2724328 | Active | 06/02/2026 23:59 |
52,92 |
| Ross | 2724329 | Active | 06/02/2026 23:59 |
52,92 |
| Ross | 2724330 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724331 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724332 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724333 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724334 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724335 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724336 | Active | 06/02/2026 23:59 |
52,96 |
| Ross | 2724337 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724338 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724339 | Active | 06/02/2026 23:59 |
52,95 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724340 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724341 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724342 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724343 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724344 | Active | 06/02/2026 23:59 |
52,95 |
| Ross | 2724345 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724346 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724347 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724348 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724349 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724350 | Active | 06/02/2026 23:59 |
52,94 |
| Ross | 2724351 | Active | 06/02/2026 23:59 |
52,93 |
| Ross | 2724352 | Active | 06/02/2026 23:59 |
52,92 |
| Ross | 2724353 | Active | 06/02/2026 23:59 |
52,91 |
| Ross | 2724354 | Active | 06/02/2026 23:59 |
52,91 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2724355 | Active | 06/02/2026 23:59 |
52,91 |
| Ross | 2727484 | Active | 08/02/2026 23:59 |
52,97 |
| Ross | 2727485 | Active | 08/02/2026 23:59 |
52,96 |
| Ross | 2727486 | Active | 08/02/2026 23:59 |
52,96 |
| Ross | 2727487 | Active | 08/02/2026 23:59 |
52,96 |
| Ross | 2727488 | Active | 08/02/2026 23:59 |
52,96 |
| Ross | 2727489 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727490 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727491 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727492 | Active | 08/02/2026 23:59 |
52,94 |
| Ross | 2727493 | Active | 08/02/2026 23:59 |
52,94 |
| Ross | 2727494 | Active | 08/02/2026 23:59 |
52,97 |
| Ross | 2727495 | Active | 08/02/2026 23:59 |
52,97 |
| Ross | 2727496 | Active | 08/02/2026 23:59 |
52,97 |
| Ross | 2727497 | Active | 08/02/2026 23:59 |
52,96 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2727498 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727499 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727500 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727501 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727502 | Active | 08/02/2026 23:59 |
52,94 |
| Ross | 2727503 | Active | 08/02/2026 23:59 |
52,94 |
| Ross | 2727504 | Active | 08/02/2026 23:59 |
52,91 |
| Ross | 2727505 | Active | 08/02/2026 23:59 |
52,91 |
| Ross | 2727506 | Active | 08/02/2026 23:59 |
52,96 |
| Ross | 2727507 | Active | 08/02/2026 23:59 |
52,96 |
| Ross | 2727508 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727509 | Active | 08/02/2026 23:59 |
52,95 |
| Ross | 2727510 | Active | 08/02/2026 23:59 |
52,94 |
| Ross | 2727511 | Active | 08/02/2026 23:59 |
52,94 |
| Ross | 2727512 | Active | 08/02/2026 23:59 |
52,94 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2727513 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727514 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727515 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727516 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727517 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727518 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727519 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727520 | Active | 08/02/2026 23:59 |
52,93 |
| Ross | 2727521 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727522 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727523 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727524 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727525 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727526 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727527 | Active | 08/02/2026 23:59 |
52,92 |
| Project | Title No | Status | Expiry Date | Area (Ha) |
|---|---|---|---|---|
| Ross | 2727528 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727529 | Active | 08/02/2026 23:59 |
52,92 |
| Ross | 2727530 | Active | 08/02/2026 23:59 |
52,91 |
| Ross | 2727531 | Active | 08/02/2026 23:59 |
52,91 |
| Ross | 2727532 | Active | 08/02/2026 23:59 |
52,91 |
| Ross | 2736731 | Active | 15/02/2026 23:59 |
52,99 |
| Ross | 2736732 | Active | 15/02/2026 23:59 |
52,98 |
| Ross | 2736733 | Active | 15/02/2026 23:59 |
52,98 |
| Ross | 2736734 | Active | 15/02/2026 23:59 |
52,98 |
Appendix 5:
JORC Code, 2012 Edition (Table 1) – Ross Hyperspectral Survey and Geochem Data
Secton 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria JORC Code explanation |
Commentary |
|---|---|
| Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types(eg submarine nodules) |
Geophysical/Hyperspectral Survey • The Hyperspectral programme use Sentinel-2 satellite visible/near- infrared (VNIR) and shortwave infrared (SWIR) imagery for interpretation across the Ross Project. The results identified a number of Lithium exploration targets within the Region of Interest [ROI] (given to Dr Pendock by FIN) that lies 25km east of the Auclair Lithium Project of Cygnus Metals in the James Bay Lithium province of Quebec. A spectral unmixing of a September 2022 Sentinel-2 scene produced two minerals, interpreted as hectorite and spodumene, which are spatially correlated with nearly 109 rock chip samples containing Li from the Canadian government geochemistry database. • The targets were generated by training a multivariate statistical classifier on the location of the rock chip samples. The classifier is a digital fingerprint of the Li response in the ROI. • Vegetation cover and glacial till is an issue in the ROI as it may obscure spectral signals from buried deposits. Spectral unmixing may be used to separate vegetation spectra from other signatures if vegetation cover is < 100%. |
| Criteria JORC Code explanation |
Commentary |
|---|---|
| may warrant disclosure of detailed information. |
• Gas estimated from Sentinel-2 VNIR can penetrate vegetation and shallow soil cover and the rock chip sample locations are reported as being anomalous in hydrogen and methane. Rock Chip Samples • Historical soil geochemistry – See Appendix 2 |
| Drilling techniques • Drill type (eg core, reverse circulation, open- hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc). |
• Not Applicable no drilling reported |
| Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. |
• Not Applicable no drilling reported |
| Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. |
• Not applicable no drilling reported |
| Criteria JORC Code explanation |
Commentary |
|---|---|
| Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub- sampling stages to maximise representativity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. |
Rock Chip Samples • Historical soil geochemistry – See Appendix 2 • The reported historical rock chips sample analysis is considered appropriate and industry standard. |
| Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. |
Rock Chip Samples • Historical soil geochemistry – See Appendix 2 • The reported historical rock chips sample analysis is considered appropriate and industry standard. |
| Criteria JORC Code explanation |
Commentary |
|---|---|
| Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. |
• Historic soil geochemistry results reviewed by Fin’s Technical Adviser. The data has been extracted from a pdf version of a SiGEOM Report GM64248. • All information reported in the body of this report and Appendix 1 was extracted from historical reports. • This information was not provided in the historical reports. • Where Li2O is reported a conversion factor 2.153 was applied to the Li ppm assay results. • Where assay results were above detection limit, the upper detection limit was used for geostatistical calculations. • Where assay results were below detection limit, a value below the detection limit was used. For example for Re ppm where <0.002 was reported the values were replaced with 0.001. |
| Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. |
Rock Chip Samples • Historical soil geochemistry – See Appendix 2 • NAD83 / UTM zone 18N |
| Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. |
• The Hyperspectral program used Sentinel-2 satellite visible/near-infrared (VNIR), and shortwave infrared (SWIR) imagery for interpretation across the Ross Project. This is early-stage high level exploration data that is appropriate at this stage of the Project. • No sample compositing was applied. |
| Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have |
• The data is early stage high level broad data to be used for initial interpretation of the Li prospectivity within the Ross Project. Rock Chip Samples |
| Criteria JORC Code explanation |
Commentary |
|---|---|
| introduced a sampling bias, this should be assessed and reported if material. |
• Historical soil geochemistry – See Appendix 2 • All information reported in the body of this report and Appendix 1 was extracted from historical reports. • There is not sufficient drilling to date or information provided in the historical reports to determine this |
| Sample security • The measures taken to ensure sample security. |
Rock Chip Samples • Historical soil geochemistry – See Appendix 2 • All information reported in the body of this report and Appendix 1 was extracted from historical reports. • This information was not provided in the historical reports. |
| Audits or reviews • The results of any audits or reviews of sampling techniques and data. |
• No specific external audits or reviews have been undertaken on the data by the Company. |
Secton 2 Reportng of Exploraton Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | |
|---|---|---|---|---|
| Mineral tenement and land tenure status | • | Type, reference name/number, location and ownership | • | See Appendix 4 for a full list of Mineral |
| including agreements or material issues with third | Claims related to Ross. | |||
| parties such as joint ventures, partnerships, overriding | ||||
| royalties, native title interests, historical sites, | • | The mineral claims are 100% owned by Fin | ||
| wilderness or national park and environmental settings. | Resources Ltd. | |||
| • | The security of the tenure held at the time of reporting | |||
| along with any known impediments to obtaining a | • | The minerals claims have no underlying | ||
| licence to operate in the area. | royalties. | |||
| • | No encumbrances are known. | |||
| • | The mineral claims are in good standing. | |||
| Exploration done by other parties | • | Acknowledgment and appraisal of exploration by other | • | Limited previous exploration for Lithium |
| parties. | within the region. | |||
| • | See Appendix 3 for a summary of historical | |||
| exploration. | ||||
| Geology | • | Deposit type, geological setting and style of | • | The Ross Project is located in the northeast |
| mineralisation. | part of the Superior Province of the | |||
| Canadian Shield craton. The Superior | ||||
| Province extends from Manitoba to Quebec, | ||||
| and is mainly composed of Archean-age | ||||
| rocks. The general metamorphism is of | ||||
| greenschist facies, except in the vicinity of | ||||
| intrusive bodies, where it reaches the | ||||
| amphibolite-togranulite facies. | ||||
| • | The Project’s claims are centred on 30 km of | |||
| prospectivegreenstone strike length of the |
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | |
|---|---|---|---|---|
| Natel Formation within the La Grande Sub | ||||
| province of the Archean Superior Province in | ||||
| Quebec Canada. The Natel Formation | ||||
| consists of massive or pillowed flows of | ||||
| amphibolitized basalt, andesite, komatiite | ||||
| and rhyolite, as well as volcaniclastic units | ||||
| (block and lapilli tuff, lapilli tuff and tuff). | ||||
| • | The Le Grande Sub Province is host to a | |||
| number of major lithium projects, including | ||||
| the Whabouchi Lithium Mine which along | ||||
| strike to the south west of the Ross Project | ||||
| Project. | ||||
| Drill hole Information | • | A summary of all information material to the | • | Not Applicable, no drilling being reported. |
| understanding of the exploration results including a | ||||
| tabulation of the following information for all Material | ||||
| drill holes: | ||||
o easting and northing of the drill hole collar |
||||
o elevation or RL (Reduced Level – elevation above |
||||
| sea level in metres) of the drill hole collar | ||||
o dip and azimuth of the hole |
||||
o down hole length and interception depth |
||||
o hole length. |
||||
| • | If the exclusion of this information is justified on the | |||
| basis that the information is not Material and this | ||||
| exclusion does not detract from the understanding of | ||||
| the report, the Competent Person should clearly explain | ||||
| why this is the case. | ||||
| Data aggregation methods | • | In reporting Exploration Results, weighting averaging | • | Not Applicable, no drilling being reported. |
| techniques, maximum and/or minimum grade | ||||
| truncations (eg cutting of high grades) and cut-off | ||||
| grades are usually Material and should be stated. | ||||
| • | Where aggregate intercepts incorporate short lengths | |||
| of high grade results and longer lengths of low grade | ||||
| results, theprocedure usedfor such aggregation should |
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | |
|---|---|---|---|---|
| be stated and some typical examples of such | ||||
| aggregations should be shown in detail. | ||||
| • | The assumptions used for any reporting of metal | |||
| equivalent values should be clearly stated. | ||||
| Relationship between mineralisation | • | These relationships are particularly important in the | • | Not Applicable, no drilling being reported. |
| widths and intercept lengths | • | reporting of Exploration Results. If the geometry of the mineralisation with respect to |
||
| the drill hole angle is known, its nature should be | ||||
| reported. | ||||
| • | If it is not known and only the down hole lengths are | |||
| reported, there should be a clear statement to this | ||||
| _effect(eg ‘down hole length, true width not known’). _ | ||||
| Diagrams | • | Appropriate maps and sections (with scales) and | • | Diagrams are included in the body of the |
| tabulations of intercepts should be included for any | document. | |||
| significant discovery being reported These should | ||||
| include, but not be limited to a plan view of drill hole | ||||
| collar locations and appropriate sectional views. | ||||
| Balanced reporting | • | Where comprehensive reporting of all Exploration | • | All results reported are exploration results in |
| Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration |
nature. No representative significance were applied to the results. |
|||
| Results. | ||||
| Other substantive exploration data | • | Other exploration data, if meaningful and material, | • | Assessment of other substantive exploration |
| should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and |
data is not yet complete however considered immaterial at this stage. |
|||
| method of treatment; metallurgical test results; bulk | ||||
| density, groundwater, geotechnical and rock | ||||
| characteristics; potential deleterious or contaminating | ||||
| substances. | ||||
| Further work | • | The nature and scale of planned further work (eg tests | • | Follow up work programmes will be subject |
| • | for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible |
to interpretation of recent and historic results which is ongoing. |
||
| extensions, including the main geological | ||||
| interpretations and future drilling areas, provided this | ||||
| information is not commercially sensitive. |