Canadian North Resources
CNRI.V
<p>Canadian North Resources Inc. (CNRI) is a Canadian mining exploration and development company that owns 100% interest of the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada. The property holds major base metals (“BM”; nickel, copper, and cobalt) and platinum group metals (“PGM”; palladium, platinum, and rhodium) mineral deposits held in 10 mining leases (96.9 square kilometres) and surrounding exploration claims (156.9 square kilometres), a total area of 253.8 square kilometers..</p> <p>The mandate of CNRI is to create shareholder value from the advancement of its Ferguson Lake Project, a significant potential BM and PGM producer. The Ferguson Lake Project holds over 71 million tonnes containing substantial resources of copper (1,402 million pounds, Mlb), nickel (872, Mlb), cobalt (99.9 Mlb), palladium (3.20 million ounces, Moz), and platinum (0.56 Moz). These estimates are for the West Zone and the West Extension Zone that are less than 6 kilometres in length along a 15 kilometre mineralized belt. There are multiple target zones for massive sulphides and distinct low-sulfide zones for PGM mineralization.</p>