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Projects
Sherridon (Manitoba) – Cu, Zn, Au, Ag
The Sherridon project is T2 Metals flagship, lying in the Flin Flon-Snow Lake District of central western Manitoba. Sherridon is a high-grade volcanogenic massive sulphide (“VMS”) project in an infrastructure-rich location, linked by an all-weather 78 km road and operating rail line to the mining town of Flin Flon. The village of Sherridon provides an excellent operating base for the Company, with a small skilled population, accommodation and fuel, simplifying logistics and lowering operating costs.
Manitoba is a supportive mining jurisdiction, ranking 6th for Mining Investment Attractiveness in the 2023 Fraser Institute Annual Survey. T2 Metals has received more than $500k in direct grants from the Manitoba Government, under the Manitoba Mineral Development Fund (https://mmdf.ca/). Manitoba’s electricity network is comprised of more than 90% hydro-power, and provides the opportunity for copper production with low emissions in a safe and stable jurisdiction.
T2 Metals has received excellent support from the First Nation community, evidenced by the 2023 signing of an Exploration Agreement with the Kiciwapa Cree Nation, and the 2024 receipt of an award for reconciliation efforts from Manitoba Prospectors and Developers Association.
Sherridon is home to the Sherridon/Sherritt Gordon mine, which closed in 1955 following production of approximately 7.74 million tonnes @ 2.46% Cu, 2.84% Zn, 0.6 g/t Au and 33 g/t Ag (Goetz & Froese, 1981).
Sherridon is characterised by a large alteration system and more than 30 km of strike length of the mineralised target horizon containing numerous massive sulphide occurrences. VMS systems in the Flin Flon–Snow Lake District, have equal prospectivity down dip as along strike, emphasising the scale of the prospective area.At Sherridon, there is little drilling below 150m depth.
T2 Metals completed a first drilling program in 2023, with results from the Cold and Lost prospects demonstrating the exploration potential and high grades of mineralization. Results included:
23.5m @ 1.18% Cu, 1.46% Zn, 6.79 g/t Au, 40.4 g/t Ag (7.43% CuEq) from 38.0m
9.3 m @ 0.85% Cu, 4.01% Zn, 1.08 g/t Au and 17.6 g/t Ag (3.09% CuEq) from 44.2 m
14.4 m @ 0.88% Cu, 2.58% Zn, 0.51 g/t Au and 9.8 g/t Ag (2.16% CuEq) from 49.4 m
10.0 m @ 0.92% Cu, 4.70% Zn, 0.37 g/t Au and 10.8 g/t Ag (2.74% CuEq) from 76.0 m
8.0 m @ 2.17% Cu, 4.78% Zn, 1.83 g/t Au and 34.4 g/t Ag (5.40% CuEq) from 87.0 m
T2 Metals holds an Option agreement with private company Halo Resources Ltd to earn up to 90% of 28 Mining Claims and 1 Mineral Lease totalling 4968 Ha at Sherridon, by spending $2 million over seven years. Royalty agreements are in place with underlying licence holders.
Goetz, P., & Froese, E., 1981, The Sherritt Gordon Massive Sulphide Deposit. Precambrian Sulphide Deposits, H.S. Robinson Memorial Volume, edited by R.W. Hutchinson, C.D. Spence and J.M. Franklin, Geological Association of Canada Special Paper 25, 1982.