56 www.resourceworld.com
O C T O B E R / N O V E M B E R 2 0 1 9
MMG Ltd. [ 1208-HKEX;MMG-ASX]
has the Izok Corridor zinc/copper project
which includes the Izok and High Lake
deposits where it has conducted detailed
environmental surveys as well as economic
and social studies. Izok is a rich zinc/copper
deposit with a Mineral Resource of 15 mil-
lion tonnes at 13% zinc and 2.3% copper.
The High Lake deposit, located north of
Izok, has a Mineral Resource of 14 million
tonnes at 3.8% zinc and 2.5% copper. The
primary challenge for the project is the sub-
stantial infrastructure required to develop
this Arctic project.
Norgold, [private], through its
Canadian subsidiary, Northquest Ltd., is
the 100% owner of the high-grade Pistol
Bay gold project. The company plans to
follow up 2018 exploration with an infill
drill program to test underground poten-
tial, while upgrading data density of the
existing open pit resources to facilitate an
upgrade in resource classification.
North Arrow Minerals Inc. [NAR-
TSXV] has the 100%-owned Naujaat
diamond project on the Melville Peninsula.
In May 2019, North Arrow announced
plans to collect a 10,000-tonne bulk sample
from the Q1-4 deposit with plans to design
a small-scale diamond recovery plant.
NxGold Ltd. [NXN-TSXV] has entered
into an earn-in agreement with Meliadine
Gold Ltd. to earn up to a 70% interest
in the Kuulu gold project along trend of
Agnico Eagle's Meliadine project. The com-
pany continues efforts to secure renewal of
Land Use Licences for the project.
Orano Canada Inc.'s (formerly AREVA
Resources Canada) proposed uranium
mine, 80 km west of Baker Lake at their
Kiggavik Project, recently went through
the environmental assessment process and
was subsequently suspended. The project
has been placed on care and maintenance
while the company considers its next
steps. Orano Canada Inc. is a subsidiary of
the multinational Orano group.
Sabina Silver Corp.'s [SBB-TSXV]
100%-owned Back River gold project in
southwestern Nunavut hosts significant
NI 43-101 gold resources and reserves. A
Feasibility Study on the property has been
NUNAVUT
