The River Valley PGE Project is located in Crerar and Dana townships, approximately 60 km east-northeast of Sudbury in northeastern Ontario, Canada, immediately south of New Age Metals’ River Valley Palladium Project.
The mining rights area in the project consists of 95 single cell mining claims covering approximately 2,085 hectares (21.07 square km).
Much of the early exploration for Ni-Cu sulphides occurred in the late 1950s and through the 1960s; this pre-1973 work, which includes exploration programs in the area of the current Project, was focused on exploring for nickel-copper deposits similar to those known at the time in the Sudbury Igneous Complex (i.e.
, semi-massive to massive sulphide).
In late 1998, recognizing that the River Valley Intrusion (“RVI”) may host similar PGE-Cu-Ni mineralization known to occur in the East Bull Lake and Shakespeare-Dunlop (Agnew Lake) intrusions west of Sudbury, partners Messrs. Lorne Luhta, Bob Bailey and Ron Orchard staked a land position in Dana Township and in following up on 1960s sulphide showings discovered (re-discovered) significant PGE mineralization. Pacific North West Capital Corp. (now New Age Metals Inc.), already exploring for PGEs in the Sudbury region, including neighbouring Janes Township, quickly moved to option the new PGE-Cu-Ni opportunity.
Since 1999, historical exploration work on the River Valley PGE Property has included mapping, geophysics, trenching and diamond drilling by Mustang Minerals Corp. (South Grid in Crerar Township) and Aquiline Resources Inc. (northwest and into Dana Township). Earlier exploration work was conducted by Falconbridge Nickel Mines Ltd (1965), Tomrose Mines Ltd. (1963-1966), and McIntyre Porcupine Mines Ltd (1956).