Minfocus holds a 56% interest in the Coral Project comprising 8 claims (3638 ha), located in Northern BC, 100 kilometres north of the town of Mackenzie.
No work has been undertaken on the Coral project since 2017 however the claims remain in good standing until November 2024.
In 2017 Minfocus completed a LiDAR survey which covered a 16 square kilometre area comprising roughly one-third of the Project. The area surveyed included the Hound Dog Creek soil anomaly as well as the area that Minfocus drilled in 2016, plus a significant buffer around this area of interest.
The LiDAR results show multiple linear features suggestive of collapsed areas in the carbonate host rocks. These are potentially indicative of marine sinkhole fill, a feature known to be associated with zinc mineralization at other Mississippi Valley Type Mines such as Daniel’s Harbour, NL and Pine Point, NWT, as well as at the geologically similar Robb Lake deposit (historic non-NI 43-101 compliant resource of 6.5m tonnes grading 7.1% lead-zinc – Nelson et al, 2000) in BC.
These previously unidentified structures are present both within and outside the areas of exploration by Minfocus and predecessor companies. They have not been tested by any of the historic drilling. More detailed analysis of the LiDAR in conjunction with historic exploration data will help to define prioritized targets for future drilling of the several zones of coincident soil, stream-sediment and gossan anomalies as well as outcropping mineralization which occurs at a common stratigraphic horizon.