Welcome to Zara Resources Inc
Zara Resources Inc, is a newly formed minerals company focusing its main efforts on developing its Pigeon River and Riverbank properties in Ontario. Zara has also agreed to acquire 100% of the Forge Lake Gold Project located 32 km northeast of Wawa, Ontario, for the sum of $583,010.
Zara owns owns 100% of the Pigeon River Nickel/Copper/Platinum Project located about 80 kilometers to the west of Thunder Bay in Northwest Ontario, and covers an unexplored magnetic target with potential to host nickel, copper and platinum group elements mineralization. Pigeon River lies in the Proterozoic Superior Mid Continent Rift, a geological setting with proven potential to host mafic/ultramafic systems.
Forge Lake is 14 km south of the Richmont Gold Mine and Mill, and Hudson River has previously conducted a surface sampling program, an airborne magnetic survey and two diamond drill programs. Seventeen holes were drilled in November 2011 and intersected 3.25g/t Au over 12.7 m. In April-June 2012 twelve holes were drilled designed to test for continuity of mineralization between the two main areas previously drilled, and intersected 7.07 g/t Au over 5.5 m. The exploration to date indicates that the gold-bearing quartz vein system is continuous and can contain high grade gold intersections, with a strike length of 650 m and a dip extent of 350 m.
Zara also owns 100% of the Riverbank Nickel/Copper/Platinum Project located in the Kasabonika-McFauld’s Greenstone Belt about 540 km to the north east of Thunder Bay and 350 km north of Geraldton, Ontario, an area commonly known as the Ring of Fire. The property is believed to be underlain in part by mafic to ultramafic rocks that potentially could host nickel-copper mineralizationan.