News
19/11/21
The company announce the acquisition of two strategic uranium exploration properties, Fontaine Lake and Charlot Lake, surrounding the Athabasca Basin, located in northern Province of Saskatchewan, Canada.
The ambition of moving towards Net Zero Emissions and the drive towards a greener economy has seen the re-emergence of the global Uranium commodity market. Uranium is crucial to nuclear power generation and is widely regarded as a low carbon alternative to traditional coal power plants and efficiencies when compared to other renewable energy sources.
The increasing acknowledgement that Uranium has an important role to play in the future of energy has seen a significant increase in the U308 spot price and an influx of investment and opportunity, upon which Fulcrum has acted. The Charlot Lake property is located north of Uranium City, Saskatchewan. The property contains four uranium showings with chip samples up to 0.8% U308 and drill intersections up to 1.65% U308 over 5ft. The last exploration records pre-date 1970 which offers the chance to apply modern exploration technology to develop the property.
The Fontaine Lake property is 53 km northwest of Stony Rapids and contains four showings. The property was most recently prospected by CanAlaska in 2008 which identified a number of promising prospects for follow up exploration which included samples assaying 1.28% and 0.81% U308, as well as very-high scintillometer readings up to 15,000 counts per second (CPS) – which is a measure of the radioactivity of a rock.
Ryan Mee, CEO, commented – this is a strategic opportunity taken by the company to offer exposure to a uranium market that has seen a significant uplift in investment liquidity and possibilities. We look forward to advancing these projects as the uranium market unfolds with the back drop of decarbonising energy production.
09/09/21
The company are pleased to announce the acquisition of the Tocheri Lake project in the Dayohessarah Greenstone Belt. This occupies a strategic window of greenstone that is relatively unmapped and underexplored. This secures a land position surrounded by Palladium One to the West, Harte Gold to the South and E2 Gold to the East.
30/04/21
The company are extremely pleased to announce the acquisition of Syenite Lake, Beavertrap Lake and Carib Creek properties, increasing the companies land holding by 232 claim cells in Ontario.
James M Franklin PhD FRSC, P Geo
Since “retiring” from the GSC (1998) he has advised about 80 exploration companies world-wide, with projects in every continent except Antarctica. Jim is a board member of three companies (Ur Energy, Nuinsco Ltd., and Gold79Mines), and has been involved for them in the development of base metal, chrome and uranium resources in the Ring of Fire, Sturgeon Lake, Wyoming and Mexico. He also serves as a senior advisor to several others, including Millbrook Minerals Ltd., Renforth Minerals, Noront and the MacDonald – Red Pine group He served as member of management boards for numerous public-service related organizations, and on advisory committees to the Earth Sciences Sector of NRCan. He has received GAC’s Logan and Duncan R Derry medals, CIM’s Selwyn Blaylock, A.O. Dufresne, Distinguished Lecturer and Julian Boldy Memorial awards and SEG’s Thayer Lindsley and Distinguished Lecturer awards and its Penrose Gold Medal. He is a Fellow of the Royal Society of Canada, a Fellow of Lakehead University, an Adjunct Professor at several Ontario Universities, and a Past President of both the Geological Association of Canada and the Society of Economic Geologists. In January 2019, he was inducted into the Canadian Mining Hall of Fame. He has published over 200 papers and book chapters, and innumerable abstracts.
His passion is his continuing work towards the discovery of more new mines throughout the world, with a focus on geochemical and alteration aspects of base metal, silver and gold-rich volcanogenic massive sulfide deposits. He also enjoys mentoring students and giving short courses to aid in the professional development of his geoscience colleagues. He gives several of these each year and has had them translated into Spanish in three countries.
22/04/21
The company are excited to announce the acquisition of the Jackfish Lake & Kellyn (JFK) properties comprising 206 mining claims in the Schreiber-Hemlo greenstone belt.
Historic records for the Kellyn area confirm the presence of copper, gold, silver and also an unusual range of anomalous elements such as rare earths, tellurium, molybdenum, barium and mercury which is suggestive of a porphyry or Hemlo-style occurrence. There is also a similarly unusual suite of anomalous elements in a soil anomaly to the northern part which marks this out as a target for follow-up exploration, including drilling. Historic samples in the Kellyn area make this an exciting target area with values up to 26.8g/t Au, 454g/t Ag, 1.79% Cu, 22% Pb, 13.7% Zn and 1% TREO.
From limited exploration on the Jackfish Lake property there are three zones of quartz veining with reported high-grade gold occurring along a roughly NW-trend over a distance of more than 1km namely North Zone (48.9g/t Au), Hematite Zone (4.3g/t Au & 138.9g/t Ag) and Cliff Zone (46.47g/t Au). VLF surveys suggests additional trends for follow up even from a relatively small area of the Jackfish Lake claims.
What is clear is that there are several types mineralisation within the claims. Previous exploration has taken a mechanical approach which did not take this into account the deposit types and provides an excellent opportunity for the company using modern mining methods and techniques. We cannot wait to get to work.”
22/03/21
The company are extremely pleased to announce the acquisition of Syenite Lake, Beavertrap Lake and Carib Creek properties, increasing the companies land holding by 232 claim cells in Ontario.
Syenite appears to be an extension to Cu-Ni-PGM zone of Transition Metals Maude Lake property and is also just 1,200 meters from Panther Metals high grade Little Bear gold mine. Not only this but the property also has three high priority exploration targets mapped by the OGS that are yet to be explored and a fault line which runs through up from Panther Metals Little Bear property, through Syenite Lake. This makes Syenite Lake very compelling.
The Beavertrap Lake and Carib Creek properties are situated in the Winston Lake Greenstone Belt (WLGB) and are surrounded by a host of activity. Beaver Trap is right next to the Superior Lake Zinc projects recently acquired by Metallum Resources with Sprott affiliated stakeholders. The intent is to expand the resources and put the mine back into production. Metallum Resources have recently announced the start of a 2000m drill campaign around the Pick Lake mine which is just 600 meters from the Beaver Lake property. This is a hugely exciting development in the area bringing big players and funding. Additionally, the northern section of the property appears to have both have similar EM anomalies to those within the Golden Share Resources property and possibly on the northern trend of mineralisation from the Metallum Resources project. Carib Creek is immediately north of CBLT’s Coco high grade gold project and they are considering near term exploration, Carib Creek is also east of Golden share resources who have identified a 400m strike length of sulfides and pyrite which correlates well with an extensive airborne anomaly through the Carib Creek property.
Geophysically both properties are extremely exciting with possible run through and breakaway formations from the WLGB.”
11/03/21
Acquisition of Dog Lake – We are delighted to announce our first acquisition being 154 contiguous claim cells known as ‘Dog Lake’ within the Michipicoten (“Wawa”) greenstone belt, Ontario.
At the moment there is a lot of mining activity on the belt with Argonaut Resources making the decision to move the Magino project to construction in February this year and drill programs increasing the resource estimate at Alamos, but generally the belt is underexplored with modern mining methods. The Dog Lake property is also relatively underexplored, however there are some historic gold showings up to 5.2g/t and we believe the geophysical makeup suggests at least one of them could be significant.
The property is not limited to gold, with the southern part of Dog Lake having an interesting road-side outcrop copper sample of almost 3500ppm and some similar geological settings to that of the Frymire property directly to the East which has identified samples of Nickel in the 3000ppm range.
We believe that interest in this area is set to increase and note that there are recently staked claims that abut Dog Lake by an operator new to Ontario which we feel is an exciting development.
This acquisition marks the beginning of the company building a strong asset base focused on value generation within precious and base metals.”
RT @UsenmezKerem: Waiting for #zinc to hit all time high today! Probably closest ever been! #canadianmining #mininginvestment #ontariominin…
Read More#FMET to add to our Jackfish Lake project having returned excellent rock samples of up to 38.9g/t Gold & 1.1% Copper, whilst the significantly under explored Syenite Lake is along strike to the Ansell Lake Copper Zone whereby channel sampling achieved up to 14.3m at 1.06% Copper
Read More#FMET Fulcrum Metals are delighted to execute this agreement with Panther Metals. The highly prospective Big Bear project significantly expands the scale of opportunity of our Flagship asset base in the Hemlo - Schreiber Greenstone Belt
Read More#uranium pushing above $60lb
Read More#wawa #doglake significant expansion by our neighbours, a hot area
Read More#FMET #saskathewab #athabasca #uranium a great jurisdiction to have a exploration properties
Read More#FMET #fulcrummetals A happy team on the ground during the summer 2021 exploration campaign at Jackfish Lake ……….and a new website https://t.co/1GLUJSDdp3
Read More#fulcrummetals #uranium #fontainelake highly prospective for uranium with grab samples up to 1.44% https://t.co/wdPvVucWHX
Read MoreWaiting for #zinc to hit all time high today! Probably closest ever been! #canadianmining #mininginvestment #ontariomining #pdac #esginvesting
#FMET Fulcrum Metals are delighted to execute this agreement with Panther Metals. The highly prospective Big Bear project significantly expands the scale of opportunity of our Flagship asset base in the Hemlo - Schreiber Greenstone Belt https://www.voxmarkets.co.uk/rns/announcement/b3993dc7-e363-4b21-87d3-3241fa73d508/
#uranium pushing above $60lb
Spot #uranium 6050/6200 USc/Lb #U3O8 (Delivery at ALL , Chg +113c, +1.84%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://numerco.com/NSet
#wawa #doglake significant expansion by our neighbours, a hot area https://www.newsfilecorp.com/release/119240/Kingsview-Minerals-Significantly-Expands-Land-Position-in-GoldRich-Wawa-Area-Ontario
#FMET #saskathewab #athabasca #uranium a great jurisdiction to have a exploration properties
#Saskatchewan is home to the 🌎 highest grade uranium mines. @camecocommunity and @oranocanada are the 2 companies producing all of 🇨🇦 uranium. Uranium mining employs Saskatchewan residents and is indirectly responsible for many more jobs and careers. (2020 stats)
#FMET #fulcrummetals A happy team on the ground during the summer 2021 exploration campaign at Jackfish Lake ……….and a new website https://fulcrummetals.com
#uranium #saskatchewan #charlotlake #fontainelake properties - Saskatchewan accounts for 20% of the global uranium supply. Perfect hunting ground.
Alamos gold mine amongst highest grade gold producers in Canada Q3 2021 same greenstone belt as our #Doglake property #Wawa #fulcrummetals https://www.kitco.com/news/2022-01-21/Macassa-shines-as-richest-gold-mine-in-Canada-in-Q3-2021-report.html