The Witch project comprises 103sq km and covers prospective, multi-phase porphyritic, felsic to intermediate apophyses of the Hogem Batholith, which represents a large alkalic porphyry system. It had seen extensive grid soil sampling and IP, plus minor diamond drilling in the eastern portion in the early 1990s.
Fjordland said it had acquired the core claims, which represents one-third of the property, from Equity Exploration Consultants for 100,000 Fjordland common shares. The remaining two-thirds were staked to the east and west of the Equity claims and cover the known mineral potential in the area.
Fjordland's chief executive officer, James Tuer, said the acquisition was representative of Fjordland's opportunistic approach with regards to properties of merit in the EV battery metal space.
"Since we then held the core ground, we were able to stake additional ground to the east and west to tie up all of the known copper-gold anomalies in the area," he said.
This was the company's second project in the Quesnel Trough area. The Witch project is located 70km west of the West Milligan copper-gold project, which is the company's joint venture with Northwest Copper Corp.
Fjordland is exploring the Pants Lake intrusive target in South Voisey's Bay property with Ivanhoe Electric and Vommander Resource. It also has an agreement to acquire 100% of the Renzy nickel project near Maniwaki, Quebec.
On February 8, Fjordland Exploration traded on the Toronto Stock Exchange at C$0.08/share, which was unchanged in the past week. Its shares had struggled to rise back above the $0.10 mark since January 21 and remained well below February 2021's high of C$0.228/share.
