Dagny Lake

Overview

The Dagny Lake project is located 55 kilometers northeast of Sioux Lookout. It is accessible by a series of logging roads, many of which have been overgrown, but provide good access by foot to much of the property. The claims are held 50% by Elemental and 50% by Exiro Minerals.

Located in the English River Subprovince, the property was staked in 2018 based on coincident magnetic anomalies and >99 %tile Ni-Cu-Co in lake sediments collected by the OGS in 2001.¹ No other work has been conducted in the area. Since then, Exiro has conducted two field programs. In 2019, a prospecting program was completed, presenting encouraging results for a first pass program, including elevated Co, Cu, and Ni results from mafic lenses/pods within gneissic rocks. In 2022, high-resolution imagery was collected via drone, producing an RGB orthomosaic, DEM, and 3D point cloud dataset, in order to assist future targeting. Twelve samples were taken to validate previous results from 2019.²

Next steps for the project include stripping of outcrops with the best results from prospecting and using the high-resolution imagery to aid in planning traverses to identify other outcrops in the area. Further investigation of the lake sediments is recommended, along with a property scale electromagnetic geophysical survey to help identify targets under cover.

¹ Ontario Geological Survey, 2001: Sioux Lookout-Bamaji Lake area lake sediment survey, Operation Treasure Hunt, Ontario Geological Survey Open File Report 6069, 115pp.

² Exiro Minerals, 2022 Assessment Report Based On The 2022 Prospecting & Drone Survey Programs Completed On The Dagny Cobalt Project For Exiro Minerals Corp.