VOLCANOGENIC MASSIVE SULPHIDES
Panarc currently has the following volcanogenic massive sulphide deposits and targets available for option:
HART RIVER - Polymetallic volcanogenic massive sulphides
The Hart River Deposit is a volcanogenic massive sulphide deposit in the North-central Yukon with a non- 43-101 compliant resource
of 524,000 t grading 3.65% Zn, 1.45% Cu, 0.87% Pb, 49.7 g/t Ag and 1.41 g/t Au. There is an airstrip at the site and a historic CAT
train road to the property from the Dempster Highway. The deposit is open at depth and on strike to the east. The adjacent stratigraphy
has only been lightly explored.
ROCHON LAKE - Polymetallic volcanogenic massive sulphides
Located 280 km NE of Stony Rapids, SK in southeastern Nunavut, the Rochon Lake deposit occurs at the western end of the Ennadai Lake
Greenstone Belt. The property was discovered and drilled by Gulf Minerals who defined a non-43-101 compliant resource of ~1.0
MT @ 1.97% Cu and 2.06% Zn. The deposit was drilled to a depth of 150 m and is open at depth and on strike to the east.
It occurs above felsic volcanics at the top of a dominantly andesitic greenstone sequence, immediately below the contact with overlying
INDIAN MOUNTAIN - Volcanogenic massive sulphide (Cu-Zn-Ag-Pb)
The Indian Mountain Lake Property covers a greenstone belt north of the East Arm of Great Slave Lake. At BB Lake -
the principal showing - zoned copper through zinc-rich massive sulphides occur at the top of a felsic volcanic sequence with
a non-43-101 compliant resource of approximately 3.0 MT @ 10% combined Zn-Cu-Pb, 4.0 OPT Ag and 0.02 OPT Au. There
are four other significant showings in the belt north of BB Lake and 3 in the eastern extension of the belt (Suzu Lake area).
This is a district-scale project with the prospect of hosting several economic VMS deposits. The project area has ready access
to Great Slave Lake with the potential to barge concentrate to a railhead at Pine Point.