The Sewell Lake Property consists of 6 claims comprising 989 ha. The contiguous claims are owned 100% by Copper Reef Mining Corporation and are not subject to any royalties. The Sewell Lake property is located approximately 25 km due west of Snow Lake, Manitoba (50 km by road), NTS 63K16. The Sewell Lake project is located 50 km west of Snow Lake in the Dickstone- Spruce Point Mine Stratigraphy (Reed Lake), Snow Lake Area. Access is by all weather roads Rail Bed and Dickstone Mine Rd west of the Chisel Mine. Copper Reef owns the Dickstone Mine Road.
The Sewell Lake Property was acquired during the settlement agreement with Foran. The property was originally staked on its merits of hosting the Dickstone Mine- Rail Lake Horizon. Other than Mapping and some ground magnetic/VLF; and HLEM geophysical surveys in 1998, little has been done since till the VTEM35 airborne survey was flown over it in 2010.
Two mineral deposits are in the vicinity of the Sewell Lake Property; the past producing Dickstone Deposit, 3 km north of the property, and the undeveloped Rail Lake Zone, 1.4 km southwest of the property. From 1965-1975, the Dickstone Mine produced 775,000 metric tonnes grading 2.4% Cu, 3.12% Zn, 12.5 g/t Ag & 0.58g/t Au. The remaining in-situ tonnage includes 304,000 tonnes of 2.43% Cu, 4.5% Zn, 10.6 g/t Ag and 0.41 g/t Au (Fedikow et al., 1989). The Rail deposit is undeveloped. The Rail Deposit has a NI 43-101 indicated resource of 822 000 tonnes at 3.04% Cu, 0.90% Zn, 9.3g/t Ag and 0.7g/t Au. The Rail NI 43-101 Indicated Resources was completed by SRK Consulting and titled Mineral Resources Evaluation; Rail Polymetallic Sulphide Deposit, Snow Lake, Manitoba, dated December 19, 2010. The distance between the Dickstone deposit to the north and the Rail Lake deposit to the southwest is 15 kilometres. The Sewell Lake Property is situated between two deposits occupying more than 7 km of the highly prospective Dickstone Formation rhyolite horizon.
Recommendation on the Sewell Lake Property (from Raoul 1998)
The following recommendations are based on a multi-year program of exploration on the Sewell Lake Property. The grids were prioritized; P1, P2 & P3. Priority one grids (A, B, C) were designed to enable a more detailed investigation of certain areas of the property with the highest indicated potential. Ground geophysical surveys (HLEM, MAG and VLF) are proposed for each grid to define any anomalies for summer mapping and possible related drill programs.
The following program is recommended to define drill targets:
The following program is recommended:
A total Budget of $600,000.00
Approximately $300,000.00 is needed for linecutting, Mag/VLF survey and detailed mapping and sampling of all three grids. Another $300,000.00 is needed for 3 drill holes (600m) to test Horizon One, the contact of the Preaston and Dickstone Formations and 3 drill holes (600m) to test Horizon Two, the contact between the Dickstone and Storozuk Formations. This is an ideal program, a more modest program could be undertaken