MANN MINE PROPERTY
Download the Mann Mine Presentation
The Mann silver-cobalt mine property is located in the Milner township, in Ontario. The property covers 867 hectares, and is located west of Cobalt, Ontario, within the renowned Temiskaming silver area. The property contains 9 historic shafts and a ramp driven to the 210-foot level. Historically, the Mann Mine produced 330,000 ounces of silver prior to 1987.
The Cobalt, Ontario region has historically produced an abundance of silver and cobalt—570 million ounces of silver and 28 million pounds of cobalt.
Recent work by the previous owner included airborne and ground geophysical surveys and a 15 hole, 1,458 metres diamond drilling program undertaken in the fall and winter of 2011 and 2012, was focused on confirming silver mineralization in the vicinity of Zones 3 and D and to test some of the targets outlined by the ground geophysics. The area of Shaft #5, returned some high grade intersections of silver and cobalt.
Data Compilation and New Interpretations
The current compilation has highlighted the presence of some remaining high grade silver mineralization in Zone D on the 125 foot level (38.8m) at the current bottom of the ramp and some high values on Level 2 in the vicinity of Zones A and C, to the southeast of Shaft #3 and north of Shaft #5. The mineralization on Zone D strikes east-west and dips nearly vertically and appears to rake towards the west at about 45 degrees.
In addition to the high silver, the drilling completed in 2011/12 intersected high cobalt values in Zone D closely associated with the high silver interesections and also further south on the down plunge extensions of holes drilled on this zone. This could potentially represent a new style of mineralization that is dominated by cobalt instead of the usual close association with silver.
The Mann Mine property has NI 43-101 compliant drilling completed by the previous owners, showing very high grade cobalt and silver intersections. Notably:
Hole MN11-01: 1.4m @ 1.12% Co
Hole MN11-01: 29.3m @ 131 g/t Ag
Hole MN11-03: 28.7m @ 181 g/t Ag
Future Plans – Exploration and Drilling
The current plan calls for a 7 hole, 1,800 metre program of diamond drilling all located very near existing underground infrastructure. In particular, Zone D is located at the end of the existing ramp and could easily and quickly be accessed for further underground exploration. Future drilling for silver and cobalt will target the extension of Zone D along the west 45 degree rake of the silver and cobalt mineralization and to the south of Zone D at depth to test for extensions of the cobalt zone. In addition drill holes are planned to test beneath the third level near Shaft #3 and towards the west of the recent intersections obtained on Zones A-C. Power Ore will provide public disclosure and guidance once its exploration strategy for the property is finalized for the property.