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manicouagan minerals inc (MAM) Snapshot

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37.7M
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manicouagan minerals inc (MAM) Details

Manicouagan Minerals Inc. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for gold, aluminous clay, rare earths, nickel, copper, cobalt, zinc, lead, and silver in the provinces of Ontario, Saskatchewan, and Quebec. The company holds a 51% interest in the Pickle Lake properties comprising the Dorothy-Dobie Lake, the Kasagiminnis, and the Pickle Lake East properties covering an area of approximately 85 square kilometers; and a 100% interest in the Dona Lake property in Ontario. It also owns a 100% interest in the Mouchalagane project that includes 344 claims in Quebec; a 50% interest in the HPM/Forgues property comprising 68 claims covering an area of approximately 36 square kilometers in mid-north Quebec; and a 100% interest in the Brabant Lake mining lease, which includes approximately 21 claims in Saskatchewan. Manicouagan Minerals Inc. was incorporated in 2001 and is based in Toronto, Canada.

Founded in 2001

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Manicouagan Minerals Inc. Auditor Raises 'Going Concern' Doubt

Manicouagan Minerals Inc. filed its Annual on Feb 18, 2014 for the period ending Dec 31, 2013. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Manicouagan Minerals Inc. Auditor Raises 'Going Concern' Doubt

Manicouagan Minerals Inc. filed its Annual on Feb 15, 2013 for the period ending Dec 31, 2012. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Manicouagan Minerals Inc. Reports the Results of the Initial Orientation Drilling Program on its Cloridorme Property Located in the Gaspé Peninsula of Quebec

Manicouagan Minerals Inc. reported the results of the initial orientation drilling program on its Cloridorme property located in the Gaspé Peninsula of Quebec. Drilling Program. The objective of the drilling program was to determine the grade, thickness and potential strike length of the aluminous red argillite (mudstone) formation located by surface mapping and sampling in different sectors of the property (see MAM Press Release dated August 2, 2012). A total of 533 metres, in six (6) holes, of core drilling was completed in three sectors of the property (A, B and C). The red and green aluminous mudstones were confirmed in each sector. In Sector A, on the west end of the property, a steeply dipping band of red aluminous mudstone with an estimated true thickness of 78 metres was intersected with boreholes Cl-12-01 and Cl-12-02 which returned 51 metres at 19.60% Al2O3 (alumina) and 103.3 metres at 19.79% Al2O3 respectively. Hole CL-12-01 started and ended in mineralization. Sector A is on strike with Orbite Aluminae's Marin Deposit. Both holes are approximately 2.3 kilometres from Orbite's eastern claim boundary. Four surface samples of red mudstones, 800 metres on strike west of holes Cl- 12-01 and 02, returned 18.78%, 19.67%, 20.25% and 20.34% Al2O3. In Sector B, approximately 6.6 kilometres east of Sector A, a band of red mudstone with a minimum estimated thickness of 77 metres was intersected with boreholes Cl-12-05 and 06 returning 18 metres at 19.46% Al2O3 and 76.10 metres at 23.28% Al2O3 respectively. Both holes started in mineralization and only the northern, the footwall, red mudstone/host rock contact was intersected. The red mudstone unit remains open across the thickness. In Sector C, 2.5 kilometres east of Sector B, a 75 metre thick band of red mudstone was intersected with boreholes Cl-12-03 and 04 returning 33 metres at 23.39% Al2O3 and 66 metres at 23.74% Al2O3 respectively. All red mudstone units intersected in the drilling are open at depth and along strike and thickness for Sector B. Collectively, the above assays represent a weighted average grade of 21.6% Al2O3 over the intercepts of the six drill holes. The 76.10 metre red mudstone section in hole CL-12-06 was also analyzed for Rare Earth Oxides and certain Rare Metals returning an average of 468 ppm TREO, 44.88 ppm Gallium oxide (Ga2O3) and 24.74 ppm Scandium oxide (Sc2O3). Rare Earth Oxide assay results from a surface sampling program completed in June 2012 were reported in MAM Press Release dated October 31, 2012. Total rare earth oxides (TREO) are defined as La2O3+ Ce2O3+ Pr2O3+ Nd2O3+ Sm2O3+ Eu2O3+ Gd2O3+ Tm2O3+ Dy2O3+ Er2O3+ Tb2O3+ Ho2O3+ Yb2O3+ Lu2O3+ Y2O3. The lighter rare earth oxides, La2O3+ Ce2O3+ Pr2O3+ Nd2O3+ Sm2O3+ Eu2O3, make up 79% of the TREO. All assaying was carried out by ALS Minerals of Vancouver BC.

 

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