EXPLORATION 1997 — Cream acquires Manitoba properties

In the 1980s, the British Columbia government put an end to a junior company’s exploration effort near the H-W polymetallic mine on Vancouver Island by expropriating the property and turning it into a park.

Management of Cream Minerals (CMA-V) has not forgotten its lengthy, but unsuccessful, effort to be compensated for that loss, which might explain its current interest in Manitoba, a comparatively mining-friendly province.

The Vancouver-based junior recently optioned two copper-zinc-silver-gold properties near Flin Flon from Hudson Bay Exploration & Development. It can earn a 100% interest in the Mansask Lake North and Three Finger Lake properties by paying $5,000 and spending $1 million on exploration over 39 months. HudBay can back-in for a 60% interest by spending $1.5 million over two years.

The Mansask Lake North property is 26 km north of the Flin Flon mine, whereas Three Finger Lake is 20 km to the northeast of that mine and 10 km north of the past-producing Sherridon mine. Both properties are in the Flin Flon-Snow Lake greenstone belt, which extends west into Saskatchewan.

The two properties encompass 14 untested Spectrem airborne electromagnetic (EM) anomalies, a deep penetrating geophysical system.

Sultan Minerals (SUL-V), which shares management with Cream, has an option to earn a 100% interest in HudBay’s Mansask Lake South property, 34 km north of the Flin Flon mine. This property hosts eight untested Spectrem airborne EM anomalies.