Exploring and Developing DRC-Style Cobalt Deposits in Canada
This Gambier Gold Corp. profile is part of a paid investor education campaign.*
Gambier Gold Corp. (TSXV:GGAU), formerly Canadian Energy Materials, is a global mineral exploration and development company focused on establishing a portfolio of high-quality energy metal and gold projects.
Gambier Gold’s management team benefits from over 30 years of industry experience from President and CEO Michael Schuss, who has been responsible for developing multiple grassroots projects in Africa, China and Canada.
Gambier Gold’s Company Highlights
- Operating in stable jurisdictions in Canada.
- Determined to find and develop DRC-style mineralization in Canada.
- Intercepts of 0.9 meters grading 4.7 percent REE and 37.3 meters grading 1.4 percent REE have been recovered at Wicheeda.
- President and CEO has over 30 years of experience in the industry.
DRC-Style Exploration Model
Missouri and the DRC both have cobalt districts and mineral deposits that host similar characteristic. Both areas host clastic sediment-hosted, in-platform carbonate sequences commonly found on the flanks of basins, which are formed in basinal metal-enriched brines that can form without igneous activity. Each clastic deposit has its own unique characteristics and is typically named for the area in which it was found.
The deposits found in the DRC and in Missouri are characterized by topographic highs of basement rocks which provide channels and traps that mineralized fluids accumulate and create large, specific deposits of distinct minerals, such as galena, sphalerite, chalcopyrite, bornite and cobalt. The deposits are also known to have some of the highest cobalt purity rates and Canadian Energy Metals has been evaluating properties throughout North America for cobalt deposits that are similar in structure to the deposits found in Missouri and the DRC.
Wicheeda REE Project
The Wicheeda REE project is located approximately 80 kilometers northeast of Prince George, British Columbia and 40 kilometers east of Bear Lake. From the lake, the project can be reached through a series of logging roads. The property is adjacent to Wicheeda lake and lies between the Parsnip river and Wichcika creek.
Wicheeda was first surveyed by the Geological Survey of Canada in 1961. The survey was able to identify a magnetic anomaly along the Copely range.
Between 1986 and 1987, Teck Resources (TSX:TECK.A) completed geological mapping, a stream silt survey, magnetic survey, geochemical soil sampling and some hand trenching on the project. A carbonatitic dyke on the eastern slope of the Copely ridge was traced for approximately 2.8 kilometers and had widths of up to 185 meters.
In 2010, a helicopter-borne areoTEM survey was flown over the Copely range. The survey identified several thorium radiometric anomalies along the ridge as well as a contiguous magnetic anomaly that extends for approximately 3.7 kilometers along the Copely range. The survey was also successful in generating several drill targets.
Later that year, Gambier Gold completed a helicopter-supported drill program at the Main target. A total of 1,938.9 meters were drilled. Highlights from the program include 0.9 meters 4.7 percent REE and 37.3 meters grading 1.4 percent REE. Further drilling in 2011 intersected mineralization across a number of holes.
Gambier Gold’s Management Team
Michael E. Schuss — President, CEO & Director
Michael Schuss has over 30 years’ experience in mining exploration and venture capital. During that period, he has worked in the trading operations of a national brokerage firm, several underground mining and surface drilling contractors, as well as being director, officer and consultant to several VSE, ASE and TSXV companies.
Schuss first traveled to China in 1989 and to Africa in 1993, and consulted for some of the first Canadian juniors to operate in those regions. African projects whose potential was identified by Schuss resulted in a million-ounce gold deposit being developed from grassroots exploration and three separate joint ventures with a world-class gold producer and two mid-tier gold producers. In recent years, he has specialized in acquiring mining properties in Africa, China and Canada for junior-mining companies.
Geoff Balderson — CFO & Director
Geoff Balderson is the President of Harmony Corporate Services Ltd., a private business consulting company located in Vancouver, British Columbia. He has been an officer and director of several TSXV listed companies over the past 15 years. Prior to that, he was an investment advisor at Union Securities and Georgia Pacific Securities Corp.
Michael Burns — Director
Michael Burns has been involved in the exploration industry since 2007. He has operated and designed a variety of grassroots projects throughout the Yukon and British Columbia. Burns has extensive experience in greenfield exploration for rare earth elements (REEs), uranium, gold, tin, tungsten, silver and lithium.
He obtained his B.Sc. honors with distinction from the University of Victoria, and is on track to complete his PhD in Economic Geology from Laurentian University. His academic research interests involve REE LCT-type pegmatites, epithermal gold and porphyry systems and fluid inclusions.
Rafael Vaudrin — Director
Rafael Vaudrin has a master’s degree in geosciences from the University of Tübingen in Germany, where he specialized in exploration, mineralogy and structural geology. Vaudrin is fluent in German, French and English, and holds dual Canadian and German citizenship.
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