Vatic has an option to acquire a 100% interest in a Rare Earth Elements (REE) and polymetallic claims package known as the Sisters Mountain critical metals project (the “Property”), located in Southwestern New Brunswick, which totals 8 claim blocks comprising 975 claim units covering 243 km2.
Click here for the most recent report: Report 2023
The claim package is located in Southwestern New Brunswick and has two primary targets, namely REE and nickel/copper. The claims host potentially four distinct mineral deposit types including REE, nickel, copper, tungsten, tin, molybdenum and Platinum Group Elements (PGE).
REEs and nickel deposits are an under-discovered resource in Canada and New Brunswick is seeing increased exploration activity for these types of deposits. These minerals are on the Canadian Critical Minerals Strategy list. The former Burnt Hill Tungsten mine is located in the project area.
REEs are key components in many electronic devices, as well as having a variety of industrial applications. Although not a current commercial producer of REE’s, Canada is host to a number of advanced exploration projects. Manufacturing permanent magnets is the largest global use for REEs accounting for 29% of total forecasted demand. China is the world’s largest producer with an estimated 140,000 tonnes of REEs in 2020, accounting for almost 60% of global production. Many countries, including Canada, have rare earths resources but producing REEs requires complex separation and refining processes.
Historically, Southwestern New Brunswick was successfully prospected a century ago for Sn, W, and Mo. The former Burnt Hill Tungsten mine is located on the southwest corner of the project area. Sn, W, Mo occurrences are plentiful.
Since 1956 only a small handful of companies performed work on this claim block. The work ranged from stream and soil sampling to airborne magnetics and EM surveys. Early stage exploration focused on copper, lead zinc, and uranium until the late 1970s/early 1980s, where more emphasis was placed on tin and tungsten.
In 1981 Shell resources did reconnaissance including a stream sediment sampling survey. Roadside and pace and compass geologic mapping and prospecting were done initially to delineate areas of interest for tin and tungsten. During exploration for Sn, W, Mo deposits, indications of a Ni, Cu, PGE deposit became apparent. Indicator minerals were recovered in till samples from Sisters Mountain (center of the 400 square kilometer area) that indicated a strong potential for a near-by Ni, Cu, PGE deposit.
Government airborne magnetic survey data on file confirmed that a near-surface, isolated, strong magnetic anomaly is located at Sisters Mountain at the location where the anomalous Cr-grossularite garnet grains were recovered from one meter deep till samples. This chromite anomaly suggests proximity to a mafic-ultramafic intrusion that, has high potential for Ni-Cu-PGE mineralization. No follow-up exploration was completed.
In 2005, the New Brunswick Geological Survey released the results of a soil till geochemical survey of southwestern New Brunswick. The Sisters Mountain Area was identified to have the highest metal values in basal till soil samples within the entire survey area of southwestern New Brunswick for all metals tested, including Tin and Tungsten, Base Metals and Precious Metals Indicators.
In 2012, the New Brunswick Geological Survey released Open File Report 2012-3 and MRR 2012-1A on basal till sampling results within a west-central New Brunswick study area. These reports show the Sisters Mountain Property contains areas of extremely anomalous REE values.