Petro Horizon Energy Corp (PHEC) is partnering with Nova Scotia’s Champlain Mineral Ventures Ltd. to develop the project.
In a letter of intent, PHEC lists minimum work commitments of $2 million over the next three years with a minimum of $500,000 in the first year.
Chris Anderson, vice president of business development for PHEC, says the crew will begin 160 kilometres of line cutting and will also be looking for other drill targets by late August.
“Previous work has shown there is tonnage, now we want to build that up,” he said.
Before drilling begins, a detailed prospecting and mapping grid over 3,160 acres at Brazil Lake will be conducted. This will cover the entirety of the original exploration licences only, not the newly staked claims.
The focus will be on locating other pegmatite dikes in addition to the established North and South dikes.
PHEC president Ron Bourgeois says a baseline (North-South) will be established to cover the ground between Bloomfield and Deerfield with cross lines (East-West) put in at 100-meter intervals extending between the Brazil Lake road on the west and the Meguma/White Rock contact on the East.
“This will result in a 8-km long baseline and 2-km long cross lines. Detail work would be done on 25 or 50-meter lines where targets develop. All significant points will be surveyed in using GPS and mapping of all outcrops will be undertaken,” he said.
Any areas that show signs of a potential pegmatite discovery would then be trenched or recommended for follow up exploration using secondary methods such as geochem and/or geophysics. Results may serve to define other drill targets for the drill program scheduled to proceed there after.
The original pegmatite find is rich in lithium spodumene but also contains beryllium, tantalum, and mica, among other minerals.
The ultimate potential of the mine will not be as large as the East Kemptville (1985-1992) tin mine, which was the second largest hard rock tin mine in the world, but a tenth of the size.
