Project Generation in the Izok Corridor
WKG employs the “Project Generator” model of mineral exploration. Through grassroots exploration efforts we are assembling a land bank of prospective properties to generate projects suitable for joint ventures and partnerships with other mining companies or institutional investors for the purposes of using their money to fund major exploration activities in exchange for a significant portion of the project.
WKG is exclusively focused on the Izok Corridor area in the western part of Nunavut’s Kitikmeot region. The Izok Corridor has significant mineral potential, including hosting three frontier greenstone belts that are double the size of the Flin Flon/Snow Lake greenstone belts, and five times larger than the Red Lake greenstone belt. The area has seen multi-million ounce gold production from the Lupin Mine, which produced 3.6 million oz of gold at average grade of 9.3 g/t Au. The Izok Corridor also hosts the High Lake and Izok Lake base metal deposits consisting of 2.4 million tonnes of zinc, 0.6 million tonnes of undeveloped copper resources defined. Major infrastructure projects including a 325 km road to tidewater are under consideration to exploit base metal deposits. While WKG is examining a number of properties the following three are the key focus for 2014-2015 exploration season: