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Miskamowin Project, Manitoba
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Takara Resources Inc. (TKK:TSXV) ("Takara") has a 75% interest in the Miskamowin
joint venture agreement with Shear Diamonds Ltd. (SRM:TSXV) ("Shear").
Property and Location
The Miskamowin Project is composed of eight Mineral Exploration Licences
prospective for nickel sulphides, covering an area of approximately 153,605
hectares located west of Thompson, Manitoba. in the vicinity of Nelson House and
are located close to small settlements with some infrastructure. Highway
access is possible to some of the licensed areas, and a combination of foot,
water, and aircraft access will be possible for all licence areas.
Geology
The Miskamowin Project is located in an underexplored area known to host
ultramafic rocks correlative with the Thompson Nickel Belt ("TNB"), and is
prospective for the identification of new ultramafic magmatic sulphide Ni
deposits, particularly with the use of modern geological and geophysical
techniques. The TNB lies along the north western boundary between the Archean
Superior Province and the Kisseynew Domain of the Proterozoic TransHudson
Orogenic Belt. The Miskamowin Project area falls within the Kisseynew
Domain, which has formerly been thought to comprise barren metasedimentary rocks
unrelated to the TNB. However, new mapping, geochronology, and
interpretation combined with existing geochemistry by researchers in government
and academia show that windows of highly prospective TNB-type stratigraphy,
locally intruded by ultramafic rocks, exist in the Miskamowin Project area, tens
of kilometres farther west than previously interpreted.
Mineralization
Past exploration in the 1990's confirmed the presence of serpentinized dunite
and peridotite with anomalous nickel values in glacial boulders and in six
shallow drill holes. This project was acquired on the basis of existing
geophysical data that suggests ultramafic intrusive rocks.
Current Exploration Program
Shear and Takara have completed an airborne VTEM survey (contracted Geotech
Ltd.) that confirmed the project drill ready.
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