Wabunk Bay is located within felsic to intermediate volcanics, near the Uchi gold trend. The M. Colberg Cu-Ni-Zn-Au-Pt prospect (discovery 1941) is within property limits. Campbell Island Mines and Exploration Ltd. completed mapping, trenching, an EM survey and 1,445m of diamond drilling in 22 holes in the late 50’s(1). Drill logs describe massive to semi-massive sulfides in gabbroic rocks and report multi-percent Cu, <1% Ni, and hundreds of ppb Au and PGE(2)*. In 1987, Placer Dome conducted surface work delineating three target zones associated with mafic-ultramafic intrusives that returned several anomalous values(3). Falcon Gold mapped and sampled in 2019 but with no assays (reported as pending)(3). Further work is recommended.
*NOTE: EMX has not performed sufficient work to verify the published assay data referenced above, and these data cannot be verified as being compliant with NI43-101 standards. These historically reported data should not be relied upon until they can be confirmed, but EMX believes this information is considered reliable and relevant.