- IOCG-style deposit discovered by Imperial Oil in 1970’s, only tested for copper.
- Levels of Co into the thousands of ppm were later recognized in mineralized outcrop and rubble outcrop from the trenches with historic assays up to 0.57% Co.
- Non-43-101 compliant historic resource of 300,000 tonnes of copper grading 1.5%.
- Over 3,500 metres of existing drill core ready for immediate re-assay, most of which has not yet been analyzed for cobalt.
- Untested regional targets offering significant cobalt exploration potential.
- Infrastructure rich with both a highway and power-line within the project.
- 545 Granite Street, Sudbury, Ontario P3C 2P4
- CSE: ABJ | FSE: A68
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Mount Thom (Nova Scotia)
- Project Location : Nova Scotia
- Project Country : Canada
- Date Acquired : February 9, 2017
- Commodity : Cobalt, Copper, Gold, Silver
Project Overview
The Mount Thom property is believed to be an “IOCG-type” copper-cobalt-gold prospect located in central Nova Scotia, Canada, approximately 22km east of Truro. The project consists of 39 mineral claims over five contiguous licenses and covers approx. 1,560 acres.
With the recent discovery of anomalous cobalt on this claim group it has been recognized that the Mount Thom area is prime ground for Iron Oxide Copper Gold or IOCG deposits. Previous drilling by Imperial Oil resulted in an historic, non NI43-101 compliant, deposit of 300,000 tons grading 1.5% Copper. The company believes the Mount Thom has the potential for greater cobalt values. This historic deposit, also known as Steele Run, is found at Mount Thom in Colchester County, a couple of kilometers north of the Trans Canada Highway.
During December 2017, Supreme had an XRF study undertaken by John O’Sullivan P.Eng., exploration project geologist on the last exploration program conducted on the Property for Avalon. The study confirmed the presence of cobalt in other core locations, and in other core holes, enhancing the cobalt potential of the Property.
Tabled cobalt XRF values analyzed by Supreme from the Mount Thom core is shown above. Note the correlative relationship between copper, nickel and cobalt.
The Property has excellent logistics given it is located midway between Turo and New Glascow, Nova Scotia within 1-3 km to the west of the trans-Canada Highway #104. Good secondary road access exists on the Property and to the main outcrop showing. Hydro lines, including a major transmission line, presently exist on the Property.
A site visit earlier this winter located the main mineralized outcrop on the Property containing pyrite, chalcopyrite, and bornite within the iron carbonate (ankerite) hematized matrix of the brecciated host metasediments. A large area, in excess of 100 square meters of crackled brecciated bleached metasedimentary rock (believed to be a silty shale protolith) was also located to the west of this mineralized outcrop.
“The Mount Thom Cobalt Project includes a historic deposit explored before the IOCG-style deposit model was well-understood. IOCG targets can contain rich and mass tonnage orebodies that have the ability to be world-class in scale, such as the super-giant 2.95 billion tonne Olympic Dam deposit in Southern Australia.
A 2001 study by the Nova Scotia Department of Resources, conducted over 20 years after Imperial Oil made its discovery at Mount Thom, concluded that significant similarities exist between the copper-gold occurrences along the Cobequid-Chedabucto Fault Zone such as Mount Thom with those of IOCG deposits, like Olympic Dam.
Nova Scotia is an extremely mining friendly environment and we are fortunate to have well archived core to accelerate our understanding of this project from Day 1, by, amongst other things, testing the existing core for a suite of metals and minerals that may have been overlooked prior to the understanding of the geological setting underlying the project.
With easy access to the project by way of the TransCanada Highway, we look forward to deploying modern-day exploration methods and technology to not only re-evaluate the identified deposit but also to explore for additional mineralization and new deposits over the 1,560 acre project area.
We’re pleased to add Mount Thom as a near drill-ready cobalt exploration prospect to our growing cobalt project portfolio.”
- Bob Komarechka, CEO
A 2001 study by the Nova Scotia Department of Resources, conducted over 20 years after Imperial Oil made its discovery at Mount Thom, concluded that significant similarities exist between the copper-gold occurrences along the Cobequid-Chedabucto Fault Zone such as Mount Thom with those of IOCG deposits, like Olympic Dam.
Nova Scotia is an extremely mining friendly environment and we are fortunate to have well archived core to accelerate our understanding of this project from Day 1, by, amongst other things, testing the existing core for a suite of metals and minerals that may have been overlooked prior to the understanding of the geological setting underlying the project.
With easy access to the project by way of the TransCanada Highway, we look forward to deploying modern-day exploration methods and technology to not only re-evaluate the identified deposit but also to explore for additional mineralization and new deposits over the 1,560 acre project area.
We’re pleased to add Mount Thom as a near drill-ready cobalt exploration prospect to our growing cobalt project portfolio.”
- Bob Komarechka, CEO
- February 9, 2017
“Supreme is very pleased with the confirmation of anomalous cobalt values found within numerous areas in several cores. With a near complete record of all core drilled at Mt Thom being available and maintained at the secure Nova Scotia Stellarton Core Library, a more thorough examination of the extent of the cobalt mineralization could easily be undertaken.
In addition, the availability of existing cased boreholes could enable the economic use of borehole geophysics to better define the adjacent conductive chalcopyrite mineralization. The excellent infrastructure and access on the Mount Thom Property greatly facilitates further exploration and development of the property at minimal cost. Combined with the copper and gold values reported by Imperial Oil Ltd., the presence of additional cobalt values on the property can greatly enhance the economics of Mount Thom.”
- Bob Komarechka, CEO
In addition, the availability of existing cased boreholes could enable the economic use of borehole geophysics to better define the adjacent conductive chalcopyrite mineralization. The excellent infrastructure and access on the Mount Thom Property greatly facilitates further exploration and development of the property at minimal cost. Combined with the copper and gold values reported by Imperial Oil Ltd., the presence of additional cobalt values on the property can greatly enhance the economics of Mount Thom.”
- Bob Komarechka, CEO
- May 25, 2018
Project Images
