Iron Oxide Cu-Au Monograph - Volume 1, Abstract

The NICO cobalt-gold-bismuth and Sue-Dianne copper-silver deposits of the Mazenod Lake area, Northwest Territories, are currently being drill-delineated by Fortune Minerals Limited. They are the only known significant Canadian examples of the Proterozoic iron oxide-hosted polymetallic class, more commonly referred to as hydrothermal iron oxide copper-gold deposits.
NICO and Sue-Dianne are located in the southern part of the Great Bear magmatic zone, the central tectonic subdivision of the Bear Structural Province. It is a post-collisional plutonic terrane with related continental volcanic rocks dating from 1867 Ma and culminating with the emplacement of A-type rapikivi granite plutons at approximately 1856 Ma. Iron oxide occurrences are widely distributed within the Great Bear magmatic zone, ranging from Salobo-type magnetite-rich schists and ironstones in receptive basement rocks to Kiruna-type magnetite-apatite-rich veins and Olympic Dam-type sulphidized magnetite-hematite breccias in overlying volcanic rocks.
NICO is hosted in iron- and potassium-altered, brecciated basement sedimentary rocks at and beneath the volcanic unconformity, showing similarities to the Salobo-type. The host "black rock" amphibole-magnetite-biotite schists and ironstones are capped by potassium feldspar-magnetite "red rock" felsite.
In contrast, Sue-Dianne shows the essential characteristics of Olympic Dam-type ores, with mineralization hosted within a well-zoned diatreme breccia complex crosscutting a rotated ash flow tuff succession above the unconformity. At both NICO and Sue-Dianne, ongoing detailed paragenetic studies demonstrate that early, reduced, high-temperature mineral assemblages are overprinted by late, oxidative, low-temperature assemblages. These together with stratigraphic relationships, indicate fluid mixing at shallow crustal levels was important in deposit formation.
Proximity of the NICO and Sue-Dianne deposits to subvolcanic porphyries, rapakivi granite and various other phases of the Marian River Batholith, together with geochronology and mineralogy studies, suggest they are all genetically related. The occurrence of diverse iron oxide deposit types within the Great Bear magmatic zone, makes this region favourable for exploration and for the study of the Proterozoic iron oxide class as a whole.