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Uncovering Blue Lake's Hidden Treasures: New Targets Under Historical Deposits

AInvestThursday, Dec 5, 2024 7:32 am ET
1min read


Capitalight Corp. has been unearthing exciting new targets beneath historical deposits at the Blue Lake Zone in northern Quebec. For years, the company has been consolidating claims around a regional copper anomaly first identified by government sources in 2015. Now, their exploration efforts have yielded promising results, as they continue to compile data and explore the vast 1010-claim package spanning 496 square kilometers.

In late summer 2024, Capitalight contracted SJ Geophysics Ltd. to conduct a ground gravity survey over the Blue Lake Zone. The survey, coupled with LIDAR mapping, revealed intriguing gravity anomalies not associated with known deposits. The company's 3D inversion of the residual gravity data suggests the potential for additional massive or disseminated sulphides, similar to those found in the historical deposits.

The Blue Lake Zone's undrilled gravity anomalies present an exciting opportunity for Capitalight. The 3D inversion model indicates the presence of two separate pods within the large Pogo anomaly, with one larger, undrilled pod northwest of the Pogo deposit. Furthermore, intersecting NE and NW striking linear bodies near the northeastern end of the grid, supported by copper-rich grab samples and a Cu-Ni-PGE showing, highlight the potential for additional mineralization.



Historical drilling results and geological interpretations support the presence of these new targets. The gravity inversion models align with the geological context, pointing to the likelihood of discovering additional high-grade mineralization in the area. The combination of historical data and new geophysical surveys enhances the likelihood of success in exploring these new targets.

As Capitalight continues to explore the Blue Lake Zone, investors should monitor their progress closely. The potential for significant tonnage increases above the historical record of 7.5 million tonnes grading 1.7% Cu could substantially bolster the project's economics. With further drilling and exploration, Capitalight Corp. may unlock the full potential of the Blue Lake Zone, making it an attractive proposition for investors in the mining sector.
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