About Denare West
The Denare West Volcanogenic Massive Sulphide (VMS) project is located in east-central Saskatchewan, roughly 55 kilometres west-southwest of Flin Flon, Manitoba and it comprises 10 claims covering an area of 21,066 hectares in the Hanson Lake area.
The Denare West Project, located in east-central Saskatchewan, roughly 55 kilometres west-southwest of Flin Flon, Manitoba, was identified by Purepoint in 2018 as a highly prospective and valuable base and precious metal exploration opportunity that was on strike with the Hanson Lake and McIlvenna Bay deposits. It comprises of 10 claims covering an area of 21,066 hectares in the Hanson Lake area.
The McIlvenna Bay deposit being advanced by Foran Mining is located 9 kilometres NW from the Denare West project and has indicated resources of 39Mt grading at 2.04% copper equivalent (Foran’s Technical Report dated November 25, 2021).
During 2022, Purepoint contracted Xcalibur Multiphysics of Mississauga, ON to fly a 1,100 line-kilometre, FALCON® Airborne Gravity Gradiometer survey over the Denare West project.
The survey defined a northwest-southeast trending gravity high response that extends from the eastern claim line towards the centre of the claim block. The same gravity high response is seen within the regional gravity results and local mineralization appears to be associated with the eastern edge of the gravity high. It is interpreted that the eastern contact of the gravity high response reflects a favourable semi-vertical geologic horizon that may host a cluster of VMS deposits, including McIlvenna Bay, Hanson Lake and Balsam/Thunder.
The most prospective target area at Denare West is currently along strike of the Rosalind prospect and Balsam/Thunder mineralization. The Rosalind prospect is located approximately 1,800 metres along strike to the SE of Thunder/Balsam and is an early time VTEM anomaly that potentially represents an up-plunge extension of that zone.