Ferris Lake 

Commodities of Interest:

Critical Minerals (Ni, Co, Cr, Cu, Pt, Pd); Precious Metals (Au, Ag)

Potential for Hydrogen and Helium Exploration

Location:

Approximately 75 km south-southeast of Timmins ON, and 30 km north-northeast of Shining Tree, Ontario

 Size:

225 claims, ~4640 ha. Claims are situated within Mond, Raymond, Halliday, and Midlothian Townships.

The Ferris Lake Prospect (southern area of the property) is underlain by Archean mafic to felsic metavolcanic rocks, intrusions and metasediments. The Archean basement is partially overlain by Proterozoic clastic metasedimentary rocks of the Huronian Supergroup. Volcanic rocks consist of intermediate to felsic volcanic rocks of the Tisdale assemblage, with local accumulations of mafic-ultramafic volcanic and ultramafic intrusive rocks. Volcanic rocks exposed south of Ferris Lake represent a small window into the Archean basement where Neo-Mesoarchean Keewatin age mafic metavolcanic rocks are exposed and unconformably overlain by the Huronian cover sequence.  Structurally, the area is cut by several north-south to north-northwest trending regional scale faults cutting both the Archean and Proterozoic sequences. A prominent west-southwest trending fault passing through Lloyd Lake and into Ferris Lake could be interpreted to be the southwestern extension of the Larder Lake-Cadillac break.  The Ferris Lake Property (northern area of the property)  is comprised of Archean rocks of the Halliday Dome dominantly rhyolite, dacite, and andesite.  These units have been intruded by mafic-ultramafic rocks including gabbro, peridotite, and dunite and subsequently transected by NW-SE trending Proterozoic diabase dikes.

 Past Exploration on the Ferris Lake Prospect is limited and appears to have focused on VMS targets within intermediate to felsic volcanic host rocks with coincident EM conductors north of Ferris Lake. Assessment work history dates back to 1965. Historic work consists of diamond drilling,  geophysical surveys, and assay work. Very few assays reported over the history of the area. In 1990, the area was targeted for magmatic Ni-Cu-PGE sulphides after an airborne magnetic survey revealed a large approximately 4.2km x 3.8km (~14.5km²), circular magnetic anomaly at the southeast end of Ferris Lake. In 1999, a single drill hole into the center of this anomaly intersected more than 50m of massive dunite beneath 342m of Gowganda Formation metasediments. No further drilling was executed, and the basal contact of the intrusion was never tested for possible Ni+/-Cu-PGE mineralization. Historic sampling of the dunite confirms its ultramafic composition, and elevated nickel (up to 0.33% Ni) and chromium (up to 2500ppm). 

Very little historic work is recorded on the Ferris Lake Property compared to surrounding areas.  Most of the historic work has focused on the strong E.M. conductors where three holes have been drilled by 2 companies.  All the holes encountered massive pyrite with graphite intervals with trace gold values.  Much of the central area in the west section of the property appears to be unexplored.  The geological environment has excellent potential for gold and base metals, all of which occur near the property.  Approximately 600 m east of the property, a drill intersection of 0.25% Ni across 25.7 ft (7.8 m) occurs in a peridotite sill which extends onto the property (Assessment Report (41P14SE0019): The Hanna Mining Company, Diamond Drill Report 27 Midlothian 1974).  The property had an airborne magnetics and EM survey completed in 2024.