Future Fuels' Covette Property, which consists of 65 mineral claims totaling approximately 3,370 ha, is located in Quebec's James Bay region, 190 km east of Radisson, QC. Geologically, a greenstone belt underlies the region, comprised of various mafic to ultramafic rock units considered prospective for base and precious metals (Ni-Cu-Co-PGE-Au-Ag), as well as pegmatite hosted rare metals (Li-Ta). Historically, the property area has been subject to only limited exploration, which focused primarily on prospecting and sampling. Historic sampling results include the pegmatite/ amphibolite Clothilde Showing where 4.7% Mo, 0.73% Bi, 0.09% Pb, and 6.0 g/t Ag, as well as 1.2 g/t Ag and 0.18% Cu were returned from two grab samples, respectively.
In late 2016, a Versatile Time Domain Electromagnetic (VTEM) survey was completed over the property by Geotech Ltd. The VTEM survey identified several high-priority electromagnetic (EM) conductors coincident with strong and distinct magnetic high anomalies, as well a broad and large coincident EM and magnetic high anomaly. In Q3 2017 a ground prospecting program yielded samples returning assays of 0.18 nickel, 0.09% copper, and 87 ppm cobalt. The ground work and surface sampling was not sufficient to explain the source of the VTEM anomalies, and collectively, appear to indicate a source at depth.
In 2018 Future Fuels organized an exploration team for a reconnaissance program where a new zone of surface mineralization was discovered directly above the area of high conductivity identified by the 2016 VTEM survey. Eight samples were taken along a visible ~200-meter strike length of what is described as an oxidized silicified foliated amphibolitic rock unit. The best of the samples was sample 4289 that assayed 1.2% zinc and 68.7 g/t silver. Samples 4284-4286 returned elevated values of 0.13% to 0.19% nickel.
In early 2019 Future Fuels entered into an option agreement to sell its 100% interest in the Covette property to Astorius Resources Ltd.
Future Fuels’ Covette Property, showing locations sampled during 2018 field work