Nickel, Vanadium Cobalt, Copper, Silver, and PGMs
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The Nagvaak project was first identified in 1972 during airborne geophysical surveys completed by Aquitaine Ltd, performed as a part of a regional exploration program for uranium on the Melville Peninsula.
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A 6-km long, 400-meter-wide zone with high grades of a unique combination of elements (vanadium, nickel, copper, cobalt, molybdenum, zinc, silver, platinum group elements and gold).
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Aquitaine further investigated the target for its zinc potential, however it was deemed uneconomic and abandoned.
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BHP entered into the area exploring the project area for zinc in 1995, and performed additional geophysics, mapping and till sampling; the target was deemed uneconomic in zinc and abandoned again in 1996.
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StrategX compiled the assessment reports from previous exploration efforts and identified anomalous values for several commodities other than zinc from historical data. Surface sampling by StrategX confirmed the existence of high grades of other metals that were not previously recognized , now considered extremely important due to the rapidly increasing demand for energy transition metals (critical minerals).
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The Nagvaak property represents an excellent addition to the Company’s portfolio on the Melville Peninsula preparing its path on making discoveries that will contribute to providing a source required for the ongoing rapid transition to electric vehicles and renewable energies. StrategX envisions that more targets will continue to be developed as exploration continues on the Melville Peninsula.
