Royal Nickel has an approximate 24% interest in Orford Mining Corporation (TSXV: ORM), a public company whose main assets are a 100% interest in the Qiqavik and West Raglan properties in northern Quebec.
The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia. The Cape Smith Belt is also home to Glencore’s world class Raglan Mine.
Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.
The parallel ultramafic “Raglan Belt” has yielded world-class nickel/PGE deposits, but the northern volcano-sedimentary portion of the Cape Smith Belt remains virtually unexplored.