CANADIAN AND WORLD MINERAL DEPOSIT DATABASES
Geological Survey of Canada


Deposit number Country Location Names Commodities
534 Canada (Northwest Territories) 63.32.59 N -- 116.45.31 W NICO Deposit; Lou Lake Bowl Zone Au; Bi; Co; Fe
 
Database name: World Fe-oxide+/-Cu-Au-U (IOCG) deposits
Compilers: Sunil S. Gandhi
Release date: 2015-03-04
   
Deposit name(s): NICO Deposit; Lou Lake Bowl Zone
Political location(s): Canada; Province or state: Northwest Territories; Nearest community: Yellowknife (160 km 315°)
NTS map data: 085N10 (Bea Lake)
Deposit clan (type): Cloncurry-type
Deposit (sub) types: veins and disseminations; hosted mainly by magnetite-bearing metasediments of the Treasure Lake Group; mineralization extends upward across the unconformity into overlying felsic volcanics of the Faber Group; Reference: Goad, R. E.; Mumin, A. H. ; Duke, N. A.; Neale, K. L.; Mulligan, D. L.; Camier, W. J., 2000: The NICO and Sue-Dianne Proterozoic, Iron Oxide-hosted, Polymetallic Deposits, Northwest Territories: Application of the Olympic Dam Model in Exploration; Exploration and Mining Geology, Volume 9, p. 123 - 140
Deposit status: deposit; Size category: 15 Mt; Status comments: Bowl zone is the principal ore zone of the Lou lake group of deposits. A feasibility study has been released for an open pit and limited undergraound stage followed by open pit.
Geologic province: Wopmay Orogen
Geologic subprovince: Great Bear magmatic zone
Geologic district: Southern Great Bear magmatic zone
Deposit object located: centre-deposit on surface
Commodities: Au; Bi; Co; Fe
Geological ages: Middle Paleoproterozoic (related magmatics)
References:
Burgess, H.; Gowans, R. M.; Hennessey, B. T.; Lattanzi, C. R.; Puritch, E., 2014
Technical report on the feasibility study for the NICO gold-cobalt-bismuth-copper project, Northwest Territories, Canada
NI 43-101 Technical Report, Micon International Ltd., Fortune Minerals Ltd., Publication code 2014-05-05, 385 p.

Gandhi, S. S.; Lentz, D. R., 1990
Bi-Co-Cu-Au-As and U Occurrences in the Snare Group Metasediments and Felsic Volcanics of the Southern Great Bear Magmatic Zone, Lou Lake, Northwest Territories
in Current Research 1990, Part C, Edited by Geological Survey of Canada, Paper, Geological Survey of Canada, 90-1C, p. 239 - 253

Gandhi, S. S., 1994
Geological Setting and Genetic Aspects of Mineral Occurrences in the Southern Great Bear Magmatic Zone, Northwest Territories
in Studies of Rare-Metal Deposits in the Northwest Territories, Edited by Sinclair, W. D.; Richardson, D. G., Bulletin, Geological Survey of Canada, 475, 96 p, p. 63 - 96

Gandhi, S. S.; Prasad, N.; Charbonneau, B. W., 1996
Geological and Geophysical Signatures of a Large Polymetallic Exploration Target at Lou Lake, Southern Great Bear Magmatic Zone, Northwest Territories
in Current Research 1996 Part E , Edited by Geological Survey of Canada, Paper, Geological Survey of Canada, 1996-E, 286 p, p. 147 - 158

Gandhi, S. S.; Mortensen, J. K.; Prasad, N.; van Breemen, O., 2001
Magmatic evolution of the southern Great Bear continental arc, northwestern Canadian Shield: geochronological constraints
Canadian Journal of Earth Sciences, Volume 38, p. 767 - 785

Goad, R. E., 1998
The NICO and Sue-Dianne Proterozoic Iron Oxide-Hosted Polymetallic Deposits, Southern Great Bear Magmatic Zone, Northwest Territories - A Summary of Current Work and Deposit Model Development in Global Mineral Exploration
in 26th Yellowknife Geoscience Forum, Program and Abstracts of Talks and Posters, Edited by Anonymous, Department of Indian and Northern Affairs, 121 p, p. 46 - 49

Goad, R. E.; Mumin, A. H. ; Duke, N. A.; Neale, K. L.; Mulligan, D. L.; Camier, W. J., 2000
The NICO and Sue-Dianne Proterozoic, Iron Oxide-hosted, Polymetallic Deposits, Northwest Territories: Application of the Olympic Dam Model in Exploration
Exploration and Mining Geology, Volume 9, p. 123 - 140

Hetu, R. J.; Holman, P. B.; Charbonneau, B. W.; Prasad, N.; Gandhi, S. S., 1994
Multiparameter Airborne Geophysical Survey of the Mazenod Lake Area, Northwest Territories, 1993 (NTS 85N/10 and Parts of 85N/11, 14, 15): Scale 1:100000
Open File, Geological Survey of Canada, Geological Survey of Canada, Publication code 2806, 100 p., 12 maps.

Resource data:
Disclaimer - Reserves/Resource Data

Her Majesty the Queen in Right of Canada, represented by the Minister of Natural Resources (NRCan) does not warrant or guarantee the accuracy, completeness or fitness for any purpose of Reserve and Resource information (Data) contained in this database, including whether the Data is compliant with any securities regulations or standards, and NRCan does not assume any liability with respect to any damage or loss incurred as a result of the use made of the Data.

Resource and reserve figures are historical in nature. The Data source provided with each set of figures should be cited if the Data are re-reported.

Estimate date: 2014-04-02; Component: Open pit; 29,894,000 metric ton ore; Combined with production?: no; Provisional entry?: no; Resource category: measured-indicated resource
Grade-commodity information:Au: 1.1 grams/metric ton
Bi: 0.15 percent
Co: 0.12 percent
Reference: Burgess, H.; Gowans, R. M.; Hennessey, B. T.; Lattanzi, C. R.; Puritch, E., 2014: Technical report on the feasibility study for the NICO gold-cobalt-bismuth-copper project, Northwest Territories, Canada; NI 43-101 Technical Report, Micon International Ltd., Fortune Minerals Ltd., Publication code 2014-05-05, 385 p.
Percent weights allocated to deposit: 100.0%


Estimate date: 2014-04-02; Component: Open pit; 2,000 metric ton ore; Combined with production?: no; Provisional entry?: no; Resource category: inferred resource
Grade-commodity information:Au: 0.3 grams/metric ton
Bi: 0.07 percent
Co: 0.08 percent
Cutoff grade-commodity:$: 46 $/t
Reference: Burgess, H.; Gowans, R. M.; Hennessey, B. T.; Lattanzi, C. R.; Puritch, E., 2014: Technical report on the feasibility study for the NICO gold-cobalt-bismuth-copper project, Northwest Territories, Canada; NI 43-101 Technical Report, Micon International Ltd., Fortune Minerals Ltd., Publication code 2014-05-05, 385 p.
Percent weights allocated to deposit: 100.0%


Estimate date: 2014-04-02; Component: underground operation; 995,000 metric ton ore; Combined with production?: no; Provisional entry?: no; Resource category: measured-indicated resource
Grade-commodity information:Au: 1.85 grams/metric ton
Bi: 0.07 percent
Co: 0.16 percent
Cutoff grade-commodity:$: 80 $/t
Reference: Burgess, H.; Gowans, R. M.; Hennessey, B. T.; Lattanzi, C. R.; Puritch, E., 2014: Technical report on the feasibility study for the NICO gold-cobalt-bismuth-copper project, Northwest Territories, Canada; NI 43-101 Technical Report, Micon International Ltd., Fortune Minerals Ltd., Publication code 2014-05-05, 385 p.
Percent weights allocated to deposit: 100.0%


Estimate date: 2014-04-02; Component: underground operation; 31,000 metric ton ore; Combined with production?: no; Provisional entry?: no; Resource category: inferred resource
Grade-commodity information:Au: 0.65 grams/metric ton
Bi: 0.11 percent
Co: 0.25 percent
Cutoff grade-commodity:$: 80 $/t
Reference: Burgess, H.; Gowans, R. M.; Hennessey, B. T.; Lattanzi, C. R.; Puritch, E., 2014: Technical report on the feasibility study for the NICO gold-cobalt-bismuth-copper project, Northwest Territories, Canada; NI 43-101 Technical Report, Micon International Ltd., Fortune Minerals Ltd., Publication code 2014-05-05, 385 p.
Percent weights allocated to deposit: 100.0%
Associated group(s): Lou Lake (6)

Generated 2015-03-04 14:14:48 with GQuery -- 3.7 ADO (3.19..3.22 -- 2008-12-16)
GlobalDB System, Geological Survey of Canada, Natural Resources Canada