Image of Glencore’s Kidd Creek Met Site, located 27 km east of Timmins, Ontario, Canada.
FLAGSHIP PROJECT
About Alexo-Dundonald Project
The 100% owned Alexo-Dundonald Project is an advanced portfolio of komatiite hosted magmatic nickel-copper-cobalt sulphide projects located ~45km from Timmins, Ontario, a world-class mining jurisdiction with nearby processing plants that are in need of additional feed.
Class 1 Nickel has assembled a strategic land package that combines the Alexo-Kelex deposits with the contiguous Dundonald projects to create a larger and more diversified operation.
Alexo-Dundonald comprises a past production operation (2%-4% nickel head grade) with two high-grade NI 43-101 nickel sulphide Mineral Resources that remain open at depth and along strike (Nickel-Copper-Cobalt-PGEs).
The Company is currently expanding the existing Mineral Resource on a trajectory back into direct shipping process plant feed operation (Nickel-Cobalt-PGE’s).
ALEXO-DUNDONALD
Resources
Class 1 Nickel has a total Indicated Mineral Resources of 571,700 tonnes at an average grade of 0.77% Ni plus Mineral Inferred Resources of 67,200 tonnes at an average grade of 0.63% Ni as seen on the table below.
Latest technology geophysics and extensive expansion drilling campaigns will proceed to increase the primary NI-43-101 Mineral Resource calculations and thus accumulate important data required for a Preliminary Economic Assessment report.
ALEX-DUNDONALD
NI 43-101 Report
ALEXO-KELEX
Deposit Model
ALEXO-DUNDONALD
Latest News
ALEXO KELSO DISCOVERED WHAT BECAME THE ALEXO MINE IN 1907
Mining History
Alexo Kelso discovered what became the Alexo Mine in 1907. The Alexo deposit has been mined during three periods:
1913-1919
Surface and underground mining for production of 51,857 tons at 4.4% Ni, 0.6% Cu between surface and 38m depth only
1943-1944
Mining of remnants and pillars from previous 1913–1919 mine workings; exact figures unknown
2004-2005
Open pit mining of 26,224 tonnes at 1.97% Ni, 0.20% Cu from Alexo and 3,900 tonnes at 1.68% Ni and 0.18% Cu from Kelex
The above tonnes and grade are historic in nature and have not been verified by an Independent Qualified Person.
The majority of drilling and mining in the past 30 years has been shallow (less than 100 m vertical depth below surface) in the vicinity of the known deposits. The great bulk of the 20km2 property surrounding the Alexo mine area remains untested by drilling and geophysics and there is almost no drilling elsewhere away from the known deposits.
100,000 tonnes at head-grade 2-4% Ni
Previous Production
The Alexo-Dundonald Project consists of the Alexo, Kelex, Dundonald North & Dundonald South Nickel deposits. The Alexo deposit sits on the northeast arm of a large “Z”-shaped komatiite fold, while the Dundonald deposit sits on the southwest arm of the fold. A past production operation ( 2.0-4.0% nickel head grade) nickel sulphide Mineral Resource remain open at depth and along strike (Nickel-Copper-Cobalt-PGE’s).
Alexo – Kelex : The current NI 43-101 Mineral Resource is classified at 571,700 tonnes of Indicated Resources grading 0.77% Nickel, 0.04% Copper, 0.03% Cobalt, 0.03 g/t Platinum, and 0.06 g/t Palladium and 67,200 tonnes of Inferred Mineral Resources. Two mineralized zones have been identified: the Alexo Main zone and its eastern extension, the Alexo East zone. The specific mineralized channel previously mined at Alexo appears to continue substantially to the east at a shallow plunge based on work completed by Hucamp Mines Ltd during 2000-2001. These deposits have demonstrated low risk, near term, small-scale production success. The opportunity exists to re-start production rapidly under the terms of the existing permits.
The permitting baseline work already completed would significantly expedite plans to expand the scope of production plans for larger Mineral Resources. (P&E Mining Consultants Inc. Report number 214).
Dundonald North: The nickel zone located on the north side of a west-plunging antiform, 2.2 km southeast and along strike from the Alexo deposit. The zone has been traced along strike for 800 m and to a depth of 700 m below surface with the best mineralised intersections in the centre of the channel (with grades up to 3.04% Ni).
Dundonald South: Historic – 750,000 tonnes @ 1.50% Nickel Sulphide reported by Falconbridge. Drilling has outlined eight east-west nickel-bearing sulphide zones, (A to H) including high-grade G zone containing (140,000 tonnes at 3.1-3.2% nickel sulphide) open at depth and along strike ready to drill and extend.
Historic – Falconbridge discovered a PGE occurrence in the Eastern area of the Dundonald Sill which was named “Casey’s Showing” and Hucamp discovered a second PGE occurrence named “ Mighty”. A selected Hucamp Mines sample of the mineralization returned 34.82% Ni, 0.30% Co, 3.7 g/t Pt, 5.8 g/t Pd, 0.90 g/t Au, 0.44 g/t Os, 0.47 g/t Ir, 0.84 g/t Rh and 2.4 g/t Ru. The preceding tonnes and grade are historic in nature and have not been verified by an Independent Qualified Person.
ALEXO-DUNDONALD PROJECT
Historical Exploration and Ownership Activity
1907
Alexo Kelso discovery of nickel sulphide at surface in the Alexo area
191201919
Alexo Mining Company mined to 38m depth at the Alexo area
1943-1944
Harlin Nickel Mines Limited mined the remnants, drilled 26 holes for 380m drilling
1952
Ontario Nickel Mines Limited explored the Alexo area
1960
Falconbridge Limited discovery of nickel sulphide at surface on the Dundonald South area
1952-1976
Noranda Mines drilled numerous holes at Alexo and performed magnetometer surveys
1984 and 1988
Ontario Geological Survey flown regional airborne survey at the Abitibi Belt including the project area
1989
Falconbridge Limited discovered nickel sulphide at the Dundeal area
1960-2000
Falconbridge Limited exploration at the Dundonald South and Dundeal area. During this 40 year period, Falconbridge drilled 168 holes totalling 40,515m
1991
Noranda Mines Limited drilled three holes at Alexo-Dundonald boundary with no significant intercepts
1996-1999
Outokumpo explored the Alexo-Kelex area including line cutting (79.02km), ground magnetometer, HLEM, pulse EM, and rise a la masse geophysical surveys; geological mapping, whole rock analysis; enzyme leach and mobile metal ion soil geochemical survey; and 10,859m of diamond drilling in 49 holes. Discovery of Kelex deposit
2000-2004
Hucamp Mines Ltd exploration of the Dundonald Alexo-Kelex area including 42 holes, stripping and sampling of surface showings; downhole pulse EM survey on 10 holes drilled; downhole miseducating a la masse
2004-2005
First Nickel Inc. exploration at Dundonald area including diamond drilling of 179 holes totalling 30,452.5m; borehole geophysics, geological mapping; minor surface mechanical stripping and environmental work
2004-2005
Canadian Arrow mining, diamond drilling (132 holes totalling 12,710.2m), line cutting, high resolution magnetometer surveys, PEM-AQUID survey at Alexo-Kelex
2010-2011
Canadian Arrow drilling 17 holes at Alexo-Kelex
