June 8, 2005
"Prairie C" Stakes Again!
Prairie C is pleased to announce the completion of another phase of
claim acquisition in it's ongoing exploration and development efforts
in the Cobalt Mining Camp Area. "Prairie C" - Resource Property
Development is a private exploration partnership and have been
active explorers in the area between the "The Most Historic" - Cobalt,
Ontario, North Cobalt and Silver Center Mining Camps since
1996. These camps comprise a long list of high grade, primary
silver and cobalt producers. To their credit also is a good value of
base and other precious metals owing to the polymetalic nature of the
veins and ore systems that pervade the rocks in this area. Decades of
production fostered the definition of this area as the Cradle of
Canadian Mining and Cobalt; the Silver Capital of Canada which declined
with the markets that have yet to achieve mineable value for the camp.
Renowned historically for it's high grade discoveries of silver and the
likelihood of new discoveries; this area is still largely under developed for
a variety of known and some previously unknown precious metals,
valued mineral elements and compound materials. Local access,
infrastructure, available service companies and qualified personell and
equipment make this area economically attractive for any company
seeking to achieve any type of development and certainly for
potential mining ventures.
In June of 2001 Prairie C announced that the 22 kg
composite grab sample of multiphase heterolithic lamprophyre
discovered in place during their 2000 season did contain 3 diamond
fragments with octahedral characteristics and is now coined as The Discovery Zone. This discovery
heralded a brand new diamond exploration area for the region and a new potential to
the project area. Prairie C's work at the time also uncovered a unique
breccia in association with a large proliferation of hetrolithic
lamprophyre dykes or other potential diamond bearing rock and apparent
diatreme facies which was stripped by Prairie C and later stripped and
drilled by Cabo Mining Corp on adjacent ground held by agreement with
Outcrop Explorations Ltd of Cobalt. Cabo provided an initial result of
95 diamonds of which 4 were Macro sized from a hole drilled from the
south and toward the adjacent Prairie C boundary . This zone is
named The Boundary Zone and the Prairie C portion was secured by Cabo Mining. Both of these discovery zones are
approximately 600 metres apart and are found within a corridor
currently 3 km long and 1 km wide and surrounding a fault structure
dubbed the Prairie C Fault which is perpendicular to the northwest
trending and deep, regional fault called the Cross
Lake Fault situated at the northeast extent of the property. This regional fault and associated faulting are
deemed highly prospective for the emplacement and so then the likely
discovery of diamondiferous Kimberlites within the Lake Temiskaming
Structural Zone . Diamond and Kimberlite discoveries to the northwest
along the Cross Lake Fault support this contention as does the
existance of the New Liskeard Kimberlite Field to the northwest of
Cobalt which are transected by this fault system.
On July 22, 2004 it was announced by Cabo Mining Enterprises Corp (
Cabo Mining Corp) that they had entered into a buyout agreement to
acquire 100% right and title interest in optioned "Prairie C"
claims subject to a 1% Net Smelter Return Royalty reserved for
"Prairie C" and other appropriate terms for all original holdings of
'Prairie C" held in the names of Messrs Murray D. Simpson and Simon K.
Wareing of the Cobalt area.. The Buyout agreement is to be a conclusion
to a series of option agreements between the parties and all
direct associations will be concluded as specified by the terms of the
final buy-out agreement which supersedes all previous options and
agreements. Cabo Mining still maintains an agreement with Outcrop
Explorations Ltd on it's adjacent and contiguous Cobalt and Area
Properties. Cabo Mining entered the Cobalt Camp to explore for base and precious
metals and so have continued their efforts to this date. They are
reportedly exploring numerous targets for silver and related
potentials within their extensive holdings. Prairie C would like to
thank Cabo Mining Enterprises, Cabo Investors and above all; John
A.Versfelt, CEO for his perseverence and tireless efforts and
his support and guidance in the task of maintaining these agreements and the
properties over some very tough market years. We wish to express thanks
and wish Cabo Mining Enterprises and it's shareholders a long history of great success in all
of their endeavours and certainly great success in their
exploration efforts in the Cobalt area for which they have well earned
a strong position to continue in the proud history of the camp.
In furtherance of it's efforts in the local area and in the
advancement
of ongoing study; "Prairie C" thought it fit and properly secured
by staking, a group of claims in the latter part of 2004. These
claims
were
situated adjacent and to the north of the 1x3 km area of
ultramafic
heterolithic
lamprophyre and diatreme breccia occurances which host Cabo Mining
Enterprises' diamondiferous Discovery and Boundary
Zones occupying a central position in their Lorrain Twp project
area. This rather large area of occurance is situated
around and along a
fault which is conjugate to the regional NW trending Cross Lake Fault
and strikes southwest through Cabo's holdings toward the regional NW
trending Montreal River Fault. On the basis of proprietary
experience and on the strength of public
information and inhouse research supplemented by air photo
reconnaisance and
geological/geophysical interpretation, it was considered worthy
to acquire a
number of
parallel structures and sections surrounding the Cross Lake Fault to
the
North of Cabo's diamondiferous zones.
Upon consultation
with Gary Grabowski, the Resident
Geologist for Cobalt and the subsequent consideration of his
insight and public
information made available it was deemed that there was a greater
urgency to
acquire additional high priority targets that were abundantly
available within the focus area along the approximately 9 KM length of
the
Cross Lake Fault available for staking in Lorrain Twp at the time.
Further confirmation
was provided from the inhouse results of data compilation and
from the recent reported results of additional, encouraging
numbers from Kimberlite indicator
in Till samples produced on neighbouring properties down ice and to the
immediate south of the Lorrain Twp claims. Prairie C claims lay
on predominantly Archean terrain comprised of Proterozoic diabase sills
intruding the Algoman type, Lorrain Granite Batholith. Ongoing Data
compilation has revealed a number of intriguing features to investigate
within the claim groups we now hold and operate that have produced
Kimberlites in other similar geological settings with similarly defined
targets.
Prairie C has completed acquisition of approximately 16 square
miles in Lorrain Twp
which is well considered; highly prospective for the discovery of
a preserved diamond bearing Kimberlite and prospective for
several other mineral potentials that have not been
sought previously in this property package owing to the nature of the
priority given to Silver exploration in the past. The
past few years have seen a steady increase in exploration expenditures
and acquisitions in the region. Aggressive attention is being
payed to the region by several noteable explorers who are on the
hunt for diamondiferous Kimberlites and they state the likelihood of a
rapid discovery. Prairie C is confident that the large number of
high priority targets represented by the available data will support
equal optimism that the discovery of a Kimberlite within our project
area is imminent. Doubtless; it will be an exciting exploration season
for the entire South Temiskaming region.
Simon K. Wareing - Partner
Prairie C - Resource Property Development
January 6, 2003
The Cobalt Camp - A New View
Cobalt is about to celebrate it's 100th Anniversary. It has received
recognition as, "Most Historic Town" and is now a National Historic
Site. Rightly So! Congratulations to all, whom I know worked very
hard to achieve recognition for their proud heritage. The well earned status
of being the Cradle of Canadian Mining is hard earned by the historic, Silver
Capital of Canada. Much wealth was generated from the discoveries of silver
and other minerals since 1903 and the Cobalt Mining Camp is credited with
being the progenetor of a number of prolific mining camps, since that time.
Cobalt is not dead as some may contend. It's resting. Waiting for the market
price of silver to return to a mineable price or another discovery
to bear some fruit. Cobalt was a victim of the silver markets much as Kirkland
Lake and Metatchewan have been the recent victims of the gold market. Cobalt
is not suffering from lack of ore in my opinion nor has it ever.
hundreds of ounces per ton from dozens of surface or near surface occurrances. Then there is the 24 million pounds of cobalt and the 160 million pounds of copper, zinc, nickel, lead, bismuth and arsenic. Many people do not know that silver was developed almost exclusively in those days. The silver boom precluded investigation of lesser valued products and there was limited reports regarding discoveries of gold and base metals as it detracted from the silver promotion. Gold was about 30 dollars an ounce, way back when and an accessory mineral in the local ores. A bonus. Silver is now the bonus in many base metal deposits worldwide. Primary production of silver has drastically declined as have the known occurrances of high grade silver viens like those discovered in Cobalt. The up side is that available physical silver reserves are dwindling and demand for production is rising. The decline in silver production due to the closing of several uneconomic base metal deposits is a factor considered favourable to future silver price increases. If base metals or cobalt improved it's price as silver climbs, the Cobalt Camp will be a sure target for serious attention from investors and/or participants, owing to the polymetallic nature of the local ore. I believe Agnico Eagle is probably keeping an eye on the market for it's own timely return to "active status" in Cobalt.
Still today, Cobalt struggles as does much of the mining industry but hope springs eternal as most prospectors say. Processing has returned with the full operation of the Sabin Mill purchased from Agnico by Sabin Metals. Canmine has hit some financial snags since it acquired it's Cobalt Refinery and have currently stalled. An up trend in the Cobalt price would solve their woes I'm sure, but cobalt prices are not expected to signiicantly increase as far as this writer is aware of. Analysts are predicting that 2003 is a good year for Canadian junior resource companies. Flow-through has come back to Ontario and word is getting around. Silver prices are coming up but it might be a while before the mines in Cobalt spring open . Gold is rebounding. Canada's economy is performing better than the Americans. There is word that something is happening in the Cobalt area. What is the fuss about?
lamprophyres and were just recently reported to contain diamonds. Prairie C took the rock to Gary Grabowski, the Resident Geologist for Cobalt. Gary was already engaged in gathering data and performing geochemical analysis on lamprophyres in Wawa and Cobalt. He agreed that the Prairie C sample "appeared" similar to Wawa's rocks . Upon visiting the site, Gary encouraged Prairie C to undertake their proposed stripping program. Samples taken for geochemistry produced more evidence of the similarities to the Wawa rocks. Throughout the balance of the 2000 season, Prairie C identified a large number of heterolithic lamprophyre dykes and some were in contact with what was believed at the time, to be a typical breccia. That belief would change.
Through to August of 2001, Prairie C had conducted a number of
excavations for base metals and diamonds. They uncovered several gossaneous
occurrances and achieved anomolous values for copper, nickel, gold and minor
platinum and palladium. A very large number of lamprophyre dykes ranging
in widths from inches to many meteres wide over a large area were uncovered
in Lorrain. Cabo began to follow up on work conducted by Prairie C near
their common boundary. Cabo was successful in extending the lamprophyre/breccia
occurance to the south. By the spring of 2002, Cabo Mining had completed
stripping, sampling, mapping, ground magnetics and finally funded
a small, 2 hole drill program which recovered 95 diamonds from a 9.6
kg weight sample of a 4.6 metre intersection of lamprophyrric breccia. Cabo
announced their discovery and the results in June of 2002. They named it
the Boundary Zone. Since then, Cabo has achieved a second result of 2 micro
diamonds from a channel sample at the same site.
diamonds seems to support that contention. Debeers is currently developing a mine at Attawapiscat near James Bay, about 450 kms to the north at the northern extent of the LTSZ. Significant exploration activityfor diamonds is going on throughout Temiskaming.
Cabo Mining recently completed a seven hundred metre drill program conducted on the "Boundary Zone" lamprophyre/breccia site in Lorrain Twp and are currently awaiting results . We are back to the beginning of 2003 and the hope is that there will be much more to celebrate at the festival this summer in Cobalt. Everyone in the mining industry and the people of Cobalt know the shifting tides of the markets and hope is steadfast that the cycle of the boom years will return. We owe a debt to the pioneers of Cobalt to look to the future as they did. As the beginning of discovery and a new page in history. Todays' explorers will continue in the shadow of a proud history, working to create a possible future in timeless fashion.April 11, 2001
You can see it has been a while since I put anything here and with all the news on the front page there is nothing much more to say. It has been a fascinating year of discovery for the Cobalt Mining Camp and area. Prairie C, Outcrop Explorations Limited, Cabo Mining, and Nova West Resources are all reporting discoveries of heterolithic lamprophyres or kimberlit diamond potential. So far NovaWest Resources Inc. has found diamonds and we are still waiting to hear from the rest.
The most recent event is the Report of Activities by the Resident geologist for Kirkland Lake District and a write up on the property visit to see Prairie C's lamprophyres. The report is thumbs up. Two recent news articles from the Northern Daily News on the main page of Prairie C's webpage will summarize the discussions that have been buzzing the principals in the camp.
Additional discoveries are a number of elevated copper and base metal showings and a single anomolous result for PGE's. The report is on the main page and is being verified by further assay and will definitely be a focus of this coming seasons exploration..
Canmine Resources Corporation is still planning on being in production this year to process the concentrate purchased from Agnico eagle and Sabin Metals is still churning away at their McAlpine Mill. We just need to locate that next mine. Check out the rest of our page and join with us in our excitement over the coming exploration season. The snow will soon be gone and it's back to work.
We have added a bunch of new sections over the past year so check out
all the stuff we've added. Still more to come.........
June 3, 2000
Prairie C is pleased to announce the successful completion
of grid cutting and a subsequent ground mag and VLF survey conducted on
our Santa Maria Property in Gillies Limit Twp. Results are pending. This
survey was conducted to verify certain historical information and further
define various targets of opportunity for stripping and drilling. A surface
mapping and geochemical sampling program is currently underway in preparation
for mechanical stripping to be conducted later this year in the grid area.
Additional prospecting and sampling work will be conducted on other contiguous
claims throughout the season.
May 28, 2000
Cabo Mining has released
news that they are continuing exploration on the Cobalt Properties. They
will be looking at the Lang-Caswell Mine area in Lorrain Twp . In
existance since 1910, this prospect is a former producing silver and cobalt
mine reporting only limited production in 1936. The project area is characterized
as typical of the local silver/cobalt producing properties and will be
the subject of grid cutting and geochemical sampling. In addition they
will be doing work on properties in Bucke Twp. The final report on the
Geophysics conducted at the New Lake and Pan/Anderson Lake grids has not
been received by Cabo as yet. We will have to wait to find out how things
turned out but work is continuing on additional target areas in the meantime.
March 9, 2000
"In Cobalt, Ontario, the next phase of exploration work is underway.
Grid line cutting has been initiated for a UTEM and magnetometer geophysics
program that is scheduled to begin the week of March 13, 2000."
February 23, 2000
Christmas is over and Y2K came in without any catastrophic computer
failures. I'd say that was a pretty good start to the year. Spring is around
the corner by the calendar but if you go by the weather lately we're already
there. Call me an optimist. If you have read the press release on the main
page, you already know that Cabo Mining Corp. is gearing up for the next
phase of their exploration program which is slated to begin sometime soon.
I think this camp is on a roll. Read on and see what I mean.
Canmine Resources Corporation is
gearing up for production at the Canmine Refinery(former Cobatec Refinery).
On January 20,2000, Canmine announced an agreement with Agnico Eagle Mines
for an estimated 13,140 ton stockpile of silver/cobalt feedstock.
Canmine reports that this supply of feedstock "will expedite restart of
the refinery". They also report that the stockpile could keep them going
for 2-3 years. Follow the link to their site for more details.
It looks like NovaWest Resources Inc. is busy on their diamond property in the northwest of the camp in Bucke Township as was announced in January. They have had some success with this property, by all reports, and this is good news. Our imagination was sparked not long ago by reports of diamonds in the area from Dr. John Pollock and his crew up at Lady Evelyn Lake. More fuel for the fire I say. We wish both them well. Give the following excerpt from NovaWest's web site a read and visit them for more details.
"In 1992-93 a small 25 tonne bulk sample from the Bucke Pipe yielded both macro and micro diamonds of gem quality with combined weight of 16.54 mg, from a 28.6 kg sample. An examination of polished thin sections, a microprobe analysis on ilmenite grains, and the presence of octahedral diamonds, support the contention that the Bucke Pipe kimberlite emplacement underwent a rapid change from a high-pressure, high-temperature (source) environment to a low-pressure/temperature environment. Such a rapid emplacement ensures the near-complete (95%) preservation of the associated diamonds. A recent geological report further states that the magnetic outline of the Bucke Pipe probably reflects the near coaxial emplacement of not one, but three pipes. To date only 1/10 of the entire diatreme has been investigated. The company proposes to undertake approximately 6000 feet of diamond drilling on the Bucke Pipe in this phase of work."
December 23,1999
The Cobalt Camp is a busy place these days. The drills have been turning
for the better part of two weeks under the direction of Cabo Mining Corp
of Vancouver. This may well be the last drilling program of the millenium
to occur in the camp. If the results of this program are positive we can
expect them to begin the Cobalt Camp�s first drill program of the new millenium
very soon.
The area currently being explored is Gillies Limit Twp - North Part. This area is well known locally as being off limits to exploration during the Cobalt boom of 1903. Gillies was a Timbering area and came open for staking some years after the boom had died down. Since then, only limited exploration has occurred in the township. This was partly due to the fact that a large part of this township was covered with glacial overburden and access to the bedrock below was difficult to say the least. Modern equipment and practices will have little difficulty achieving their targets.
Other news of a historical nature is that the Kirk-Budd Mine is getting a facelift. The Ministry of Northern Development and Mines began remediation of this former mine site. The property in Gillies Limit is currently held by Outcrop Explorations Limited of Cobalt. A removable concrete cap will be placed on the shaft and 2 adits on the claims will be closed. They will not be permanently closed in order not to interfere with Outcrop�s exploration efforts.
That�s all for now. We will make every effort to keep you up to date.
All information herein was obtained from public sources. More information
about Cabo Mining Corp can be obtained from the Sedar Database or Canada
Stockwatch.
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