Canterra’s Ring of Hearth Property covers roughly 30 sq. km. of land acquired via staking in 2023. It’s situated 40 km from the Eagle’s Nest nickel-platinum group metals deposit, owned by Australian Wyloo Pty.
Canterra calls this space of the James Bay Lowlands ‘largely unexplored’ because of restricted bedrock publicity. The property is thought to host a number of sturdy VTEM anomalies recognized as high-priority drill targets.
The property covers a number of geophysical targets inside bedrock items, that based mostly upon their geophysical attributes, are inferred to be just like host rocks to the Eagle’s Nest deposit, together with mafic to ultramafic intrusive rocks potential for magmatic nickel sulphide deposits.