The Pigeon River property is located in the Southern Province of the Precambrian Shield area of northern-western Ontario, and is located approximately 60 km southwest of Thunder Bay, Ontario. The property is underlain by sediments of the Animikie Group including sulphidic black shale of the Rove Formation that are believed to be host to ultramafic rocks that potentially could host nickel-copper mineralization.
The previous owner of Pigeon River completed an airborne VTEM survey and associated aeromagnetic survey over the property. This was followed by four diamond drill holes totaling 991 m. The work to date indicates that the property is underlain by areas with magnetic signatures indicating the presence of ultramafic rocks. The target model is one of mafic-ultramafic flows with associated nickel bearing magmatic sulphides being hosted by deep water extensional basin sediments. This setting is very similar to other areas of the world hosting world class nickel deposits including the Pechenga area of Russia and the Thompson Nickel Belt of Canada.
On February 19th, 2013, the 75% owners of Pigeon River, Zara completed an NI43-101 Technical Report (“The Pigeon River Report”) on the Pigeon River Property, which was updated on October 8, 2013. The Pigeon River Report was prepared by the Sibley Basin Group and authored by Alan Aubut P.Geo. Alan Aubut is the qualified person responsible for disclosure on the Company’s mineral properties. The Pigeon River Report describes the geology and work done to date on Pigeon River and recommends a further drilling program consisting of diamond drilling along with borehole geophysics with a proposed budget of $170,000. The full Pigeon River NI43-101 Technical Report is available on Zara’s profile on SEDAR. On December 12, 2013 Zara decided to allow 20 claims to lapse, and on December 31, 2014 Zara allowed 7 claims to lapse. The Pigeon River property now comprises one claim which is 75% owned by Zara and 25% owned by the Company.