On February 17, 2021 Supernova Metals announced an option agreement with 79 Resources to earn a 100% interest in the Lac Saint Simon Property.
The Lac Saint Simon ("LSS") property is located in the James Bay/Eeyou Istchee region of Quebec and consists of 9 mineral claims totaling ~480 hectares. The LSS property has a *NI 43-101 technical report completed in May 2017. The LSS property is only ~2km from the boundary of Nemaska Lithium’s Whabouchi Project (“Whabouchi”). According to Nemaska, Whabouchi is one of the most important spodumene lithium hard rock deposits in the world both in volume and grade. Most recent work on the property included an 56.6 line km airborne magnetic drone based survey from 2017. The survey identified two main dipole anomalies, and when matched with the general geology of the area and considering the size of the anomalies, delineates geological features such as fault zones and a dyke system. Geological mapping, prospecting, rock & soil sampling are all recommended, which the company has now deferred to 2021 based on Covid restrictions and the seasonality of such work.
Both the Faraud and Lac Roy Vanadium properties are located in the Saguenay – Côte Nord region of Quebec approximately 90 kilometres north of Chicoutimi- Jonquiere. Both are early stage properties discovered by local prospectors in 2001. Faraud is comprised of twenty-four (24) claims totaling approximately 1,326 hectares in the Saguenay region of Quebec approximately 90 kilometres north of ChicoutimiJonquiere. Lac Roy is road accessible on a network of gravel roads and is comprised of twenty-three (23) claims totaling approximately 1,278 hectares. The property is situated in the Cote Nord region, approximately 175Km northeast of the twin cities of Chicoutimi- Jonquiere
The Company generates revenue from it’s working interests in four medium crude oil wells located in West Kingsford, southeastern Saskatchewan. Our operating production partners, Crescent Point Energy and Tundra Oil and Gas Ltd., are successful leaders in the industry who promote both operational efficiency as well as environment accountability.