CANADIAN OREBODIES INC. : http://www.CanadianOrebodies.com/ : QwikReport
McFauld's Lake
Trump Property
The Trump property consists of 96 claim units comprising 1,536 hectares in the James Bay Lowlands, in which Orebodies holds an 80% interest through a joint venture agreement with Rainy Mountain Royalty. The property is located 28 km south east of the Norton nickel-copper-cobalt-PGE deposit, and approximately 75 km south west of the Norton Eagle Nest nickel-PGE deposit.
Four separate EM (electromagnetic conductor) targets that are interpreted to represent conductive sulphide zones have been outlined by a VTEM survey on the property. These occur along a magnetic feature that is interpreted to be a folded ultramafic complex which is a favourable environment for nickel-copper, or VMS (volcanogenic massive sulphide) deposits.
Royalty interest
Orebodies holds a 1% NSR on 10 properties totalling 1,276 units (Claims held by Noront and Temex, located in the upper and middle of the 'Ring of Fire', which do not form part of the Eagle 1, 2 or AT12 discoveries reported by Noront)
Orebodies holds a 10% NPI on eight properties 100% owned by Ring of Fire Resources Inc (TSXV: ROF). The eight properties total 444 claim units comprising 7,104 hectares all which are located in the upper and middle of the 'Ring of Fire', James Bay Lowlands.
Orebodies holds an additional 10% NPI on Ring of Fire Resources Inc. 50% interest in seven properties (the 10% NPI retained by Orebodies on the portion of those properties held by Ring of Fire Resources, would be converted to a 0.15% net smelter returns royalty if Ring of Fire's interest in those properties is reduced to less than 10% and therefore converted to a net smelter returns royalty). These properties are held through a joint venture with Macdonald Mines Exploration Ltd. (TSXV: BMK) and Temex Resources Corp. (TSXV: TME). The Properties consist of 891 claim units comprising 14,256 hectares, all which are located in the James Bay Lowlands 'Ring of Fire', Ontario.