Overview

Comprised of six mineral claims, covering approximately 22,853 hectares, the Henry Property is noted for its potentials to host near-surface graphite deposits, containing scarce, large-flake, high purity graphite. The property is located approximately 150 kilometres northeast of the community of La Ronge and about 10 kilometres west of the community of Southend. Highways 102 and 905 transect the property.

The Property is located 20 kilometres southwest of the Deep Bay Graphite Deposit, which is currently being advanced towards production and is host to a historic non-NI 43-101 compliant resource of “1.8 million tons grading 10.32% C to a depth of 60 metres” (Saskatchewan Mineral Deposit Index Report #0480). The geologic setting of parts of the Henry Property appears similar to the Deep Bay Deposit’s deposit where recent graphite testing recorded >95% carbon content for all flake sizes +32+50+80+100 and -100. Further treatment was able to achieve >99% purity (Noble Bay Mining Development Inc.).

In the early 70s, a portion of the Henry Property was explored by Hudson Bay Exploration and Development Company Ltd. (HBEDC) for base metal mineralization. At that time, airborne and ground electromagnetic (EM) surveys were conducted in the project area. Following the EM surveys, the targets, which had the best potential for base-metal mineralization, were drill tested. Many of the conductive targets were not drill tested, due to the low potential for base-metal mineralization, which was attributed to a high graphite-to-sulphide ratio observed in outcrop. The historic EM surveys and ground-truthing, delineated several long (up to 10 km), sub-parallel conductive horizons on the Property, indicating the potential for multiple zones of graphite mineralization.

In total, the HBEDC drilled 20 holes on the Property. This drilling intersected graphitic gneisses in several holes on the Property, despite the targeting efforts to avoid graphite. Graphite is described in the historic drill logs over intervals of up to 30 metres.

The technical content within this webpage was been reviewed and approved by Dr. Roger D. Morton, P Geol., who is the Qualified Person for purposes of NI 43-101

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