Categories: Precious Metals
Topics: General Precious Metals

See What This Tiny Copper Stock Has In Store for 2H 2023

T2 Metals Corp. (TSX-V: TWO)(OTC: AGLAF) — currently trading around C$0.20 per share — has signed an Exploration Agreement with the Kiciwapa Cree Nation, opening up future exploration activities for the flagship Sherridon copper-zinc-gold project in Manitoba, Canada. 

With the agreement now in hand, the T2 team is putting the final touches on its exploration plan for Sherridon, which is slated to include drilling in the second half of 2023. 

T2 Metals CEO Mark Saxon — whom you’re about to hear from directly in our exclusive interview — commented via press release:

“Recognition of the traditional territories and rights of First Nations is paramount to the success of our mineral exploration project. We have been made to feel welcome in the Sherridon community, and signing of this important Agreement provides certainty for the Company and ensures cultural heritage and environmental protections as well as commercial benefits for the Kiciwapa Cree Nation.”

The 50 sq km, resource-stage Sherridon project is a VHMS-style (volcanic-hosted massive sulfide) property located in the prolific Flin Flon mining camp of northwestern Manitoba, Canada — a Tier-1 mining district. 

It's important to note that VHMS-style deposits are some of the largest producers of copper, zinc, and gold, globally, including such world-class deposits as Neves Corvo, Kidd Creek, and the Bathurst camp. These deposits commonly occur in clusters, or “camps,” and, importantly, T2 Metals is the exclusive owner of the Sherridon camp.

The Flin Flon / Snow Lake VHMS district of western Manitoba & eastern Saskatchewan boasts over 100 years of continuous mining — including more than 60 mines for Cu, Zn, Pb, Ag, and Au. 

Already, the flagship Sherridon project includes four near-surface historical (2010) resource-stage Cu-Zn-Au deposits — including the Sherrit Gordon Mine; 8 million tonnes of past production — within a 4 km radius and is situated nearby to operating mines.

Mining of the Sherritt Gordon deposit at Sherridon took place between 1931 and 1951, over which time 7.74 million tonnes were mined at an average grade of 2.46% Cu, 2.84% Zn, 0.6 g/t Au, and 33 g/t Ag. 

Subsequent exploration was completed in the region by a range of companies, which identified numerous massive sulphide occurrences typically associated with a similar host-horizon as Sherritt Gordon.

T2 Metals reports that ~70% of the historical resources from the 2010 estimate (see table below) are within 100 meters of surface and may be amenable to an open pit mining methodology.

In terms of resource expansion potential, the team at T2 believes that the big, or “mother lode” deposit at Sherridon has yet to be found and that, once uncovered, could perhaps one day rival Hudbay’s 777 Mine (18-year mine life), which represented the pinnacle of a century of shared success for Hudbay and Flin Flon. 

Additionally, the four known deposits that make up the Sherridon project appear open along strike and at depth, which could lead to a host of high-priority drill targets going forward. The company also has at its disposal data from more than 400 historical drill holes and tens of kilometers of mineralized horizon defined by airborne geophysics. 

In the United States, T2 Metals is simultaneously advancing its 100%-owned, drill-ready Cora copper-porphyry project in the south-central Arizona Copper District where the aim is to get the drills turning there in 2H 2023. The project is surrounded by an array of proven copper porphyry deposits. 

Last summer, T2 completed an airborne magnetic survey at Cora, which identified a clear oval-shaped low-magnetic feature — a characteristic commonly associated with copper porphyry deposits in Arizona and elsewhere. 

The magnetic-low feature is interpreted to be approximately 1.5 km by 1.5 km in area and corresponds, in part, with a zone of oxide copper mineralization previously drilled by California Steel Co. way back in the 1950s. The T2 team believes the magnetic low may correspond with an intrusive ore body, which makes the anomaly a strong copper porphyry-style target.

Last but not least, T2 is advancing its 100%-owned Lida copper-silver-gold property in Nevada’s Walker Lane Mineral Belt. The company reported on two completed holes in April, both of which intersected a sulfide-bearing porphyry intrusive.

The company subsequently made the decision to pause drilling in order to glean additional data on the intersected rocks using geochemistry and other means with Mr. Saxon adding, “Lida continues to be a highly prospective target for copper and gold.”

In other words, plenty of irons in the fire for T2 Metals, which sets up nicely for what should be an exciting second half of the year for the company with boots-on-the-ground exploration at multiple tier-one-hosted copper-dominant projects. 

Our own Gerardo Del Real of Junior Resource Monthly sat down with T2 Metals CEO Mark Saxon to go over next steps at the flagship Sherridon copper-zinc-gold project and much, much more. Please enjoy!

For additional information on Vancouver-based T2 Metals, be sure to contact the company’s IR department at 604-685-9316 or via email at info@t2metals.com. Sign up to receive updates directly from the company at the T2 Metals corporate website.

Mike Fagan
Editor, Resource Stock Digest