(AGENPARL) – ven 17 maggio 2024 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
MANITOBA MINERAL DEVELOPMENT FUND (MMDF)
PROJECTS
Callinex Mines (Flin Flon)
Callinex Mines has been allocated a $250,000 grant from the MMDF to advance the next
phase of its Pine Bay Project. This phase will entail an assertive step-out drilling campaign
aimed at defining its size and scope. Further drill testing will target other high-priority
exploration sites. The project’s achievements highlight technological progress, significant
discoveries, positive community impact and successful stakeholder engagement. Callinex
recently unveiled the discovery of Alchemist, a new volcanogenic massive sulphide (VMS)
deposit rich in high-grade copper, zinc, gold and silver on its property.
Nikolay Bashaev (Hadashville South)
The MMDF has allocated a $18,000 grant to Nikolay Bashaev to undertake a comprehensive
multi-method exploration project. The project’s objective is to integrate geological, geochemical
and biogeochemical methods to conduct a thorough evaluation of the region’s mineral
potential. This project will follow a phased funding approach, with distinct deliverables
mandated at each stage to ensure progress adheres to scientific standards.
1911 Gold Corporation (Bissett)
The 1911 Gold Corporation has been approved for a $180,986 grant from MMDF to
concentrate on revitalizing its current underground mine, aiming to unlock substantial value
within its resources through innovative mining methods and technology. By harnessing the
expertise of seasoned personnel, especially from Red Lake, the company is committed to
revitalizing the underground mine resource, expanding through further drilling and crafting a
sustainable mine plan to attract essential capital investment.
Integral Metals Corporation (Snow Lake)
Integral Metals Corporation has been allocated a MMDF grant totaling $266,473 to bolster its
Burntwood Rare Earth Element (REE) project. The exploration methodology entails three
primary phases: geophysical surveying, geochemical analysis of lithological samples and
detailed mapping of carbonatites to pinpoint potential REE occurrences. This project emerges
as a promising investment prospect, underscoring the critical imperative to identify domestic
REE reserves within North America.
…2/
-2New Age Metals (Leaf Rapids)
New Age Metals has been provided a $19,200 grant from MMDF to bolster its summer field
program, intended to ramp up exploration endeavors within its South Bay rare-metal pegmatite
field. The primary objective of the project is to conduct a comprehensive prospecting efforts
across the entire claim area, thereby augmenting insights into its economic potential and the
geological factors governing pegmatite distribution. Key activities encompass updating
property geology maps through mapping exercises and conducting lithogeochemistry, which
entails property-wide rock sampling to pinpoint targets for subsequent diamond drill testing.
Paskwayak Business Development Corporation (The Pas)
The Paskwayak Business Development Corporation has been provided $35,340 from MMDF
to conduct thorough testing aimed at identifying the types, quantities and locations of
aggregates within its extraction area. This initiative seeks to enhance the efficiency of its gravel
operation by enabling the extraction of suitable aggregate resources, thereby optimizing
production. Furthermore, additional testing will be carried out to precisely assess raw material
volumes, facilitating effective management of its aggregate resources.
Leeuwin Metals Canada (Thompson)
Leeuwin Metals Canada is set to receive $300,000 in MMDF support for its Cross Lake Lithium
Project. Leveraging data from past exploratory efforts, the company has conducted thorough
historical analyses of the properties. The exploration strategy, though in its early stages, aims
to elucidate the potential for lithium mineralization through systematic exploration activities.
CBSGeoscience Ltd. (Rice Lake)
CBSGeoscience has been allocated a $53,533 grant in MMDF support for a gold potential
exploration project. The exploration techniques involve light detection and ranging (LIDAR)
surveying, ground prospecting and soil geochemistry surveys. The initial fieldwork will prioritize
detailed prospecting in areas pinpointed by LIDAR data analysis. CBSGeoscience aims to
attract partners to fund diamond-drilling operations based on the results of prospecting,
geological mapping and geochemistry surveys.
T2 Metals Corporation (Flin Flon)
T2 Metals has been provided a $300,000 grant in MMDF funding to recommence exploration
activities in Manitoba’s Sherridon district, aiming to expand upon previous achievements.
Following a successful maiden drilling campaign in 2023, T2 Metals is emboldened to
reinterpret historical geophysical data, seeking to uncover fresh targets for its upcoming
endeavor.
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