Marten

The Marten Project consists of 4 tenements and covers 1,739 hectares (17.39 km2).

It is located 20km south east Sparwood and has been connected to Crows Nest.The three projects (Marten, Crows Nest and Barnes Lake) known as the Fernie Group are located within 25km of each other and are well supported by:

  • Close proximity to the East Kootenay Coalfields, with the established mining communities of Fernie and Sparwood located less than 30km away providing a ready source of labour, business and government facilities
  • Well-developed road and rail transportation, links to ports on Canada’s west coast, and regional centres in Alberta and the north-western United States.

The Marten and Crows Nest tenements have been joined to allow more efficient use of exploration funds as there is no longer a need to have a separate exploration programme for Crows Nest to keep the tenements in good standing with the BC Ministry of Mines.

The property has excellent road and rail access and secondary logging and coal exploration roads as well as power and gas lines through the property. The outcrop of phosphate where an underground mine was established provides the opportunity for the rapid development of a small high-grade deposit.

The Consolidated Mining and Smelting Company of Canada Limited (Cominco) carried out exploration in an extensive area of phosphate bearing rocks in 1926, covered by the Marten project. Cominco established an underground phosphate mine there in 1929 employing 13 people, for exploration purposes. Two shallow incline shafts were sunk and two small prospect tunnels were driven on the outcrop of the phosphate bed and a 7ft by 8ft drift (2.1m by 2.4m) was advanced 200 ft (61m). The underground workings exposed a 2.25ft (0.7m)wide phosphate horizon with an average grade of 55% calcium triphosphate which equates to 25% P2O5 (Ref. BC Minfile Report 082G10).

Cominco stopped exploration in 1930 but Fertoz believes the Project is worth reviewing given its small size, shallow phosphate, proximity to infrastructure and potential low capital cost, all of which are consistent with the Company’s strategy.

marten-image

The Company commenced site works on the Marten Project in October 2014 and has approval for the collection of up to 10,000 tonnes bulk sample. Approximately 1,500 tonnes of phosphate rock was collected in November 2014 for further processing and sale.

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