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Rolling Pond Project

Commodity: Epithermal High-Grade Gold (Au)

  • Project located 240 km northwest of St. John’s and is easily accessible by paved road.
  • Located in a prospective and regionally extensive geological terrane.
  • Strategically situated amid Newfoundland’s current gold rush and is immediately adjacent to the New Found Gold’s Queensway project
  • Similar geology to New Founds’ Queensway discovery (19 m @ 92.9 g/t Au) and Sokoman Minerals’ Moosehead discovery (5.1 m @ 124.2 g/t Au)
  • Historic drilling at Rolling Pond intersected a thick hydrothermal quartz vein system extending over 1.7 km in strike length, with true widths of 50 – 75 m and anomalous gold grades – Excellent exploration target!.

Drill ready targets – Excellent Potential

  • Rolling Pond is a robust, well-preserved, high-level, epithermal system with substantial gold potential
  • Untested coincident IP chargeability, resistivity and soil geochemical anomalies 600 m X 200 m (open ended)
  • Two large untested gold in soil anomalies extending > 2-4 km with values up to 172 ppb Au
  • Excellent potential for a new discovery in an emerging gold district

Exploration Thesis

  • Very prospective gold exploration target proximal to recent gold discoveries nearby
  • Gold mineralization occurs in quartz vein structures near or at the margins of the Mt. Peyton Intrusion
  • The veins at Rolling Pond mimic the mineralized gold-rich vein discoveries of New Found Gold (NFG:V) at their Queensway deposit and Sokoman Minerals at their Moosehead deposit (SIC:V)
  • (see photos to right)

Exploration Program

Exploration Plan and Budget

  • Evaluate 1.7 km long, quartz vein mineralized corridor
  • Historic geophysical target follow-up
  • Expand geophysical coverage
  • Total budget estimate – $102,000

Hungry Hill Target

  • Soil geochemical survey
  • Follow-up gold in soil anomalies with trenching and prospecting
  • Property scale mapping and prospecting
  • Identify and define drill targets