NFLD Projects

Overview

  • Metals of Interest: Gold & Silver
  • Location: Newfoundland
  • Surface Area: 21,925 hectares

Projects

Bursey & Grub

The Property lies along the GRUB Fault, a crustal scale fault zone that divides the Gander Zone from the Exploits Subzone and extends over 200 km in a southwest trend.  (Figure 2). The GRUB structural corridor and related splay faulting hosts the Appleton Fault and JBP Fault home to the Queensway Gold Project of New Found Gold that reportedly contains 2 gold discoveries, the Keats and Lotto Zones, and an additional 10 high grade gold showings

The GRUB and Bursey’s Properties are located over and adjacent to a carbonatized ultramafic unit with quartz-carbonate veining known as the Gander River Ultramafic Belt.

Since the initial phase of exploration in the 1980’s no further work has been completed on the claim groups.

Wigwam

The Property lies along the Doucer’s Valley Fault, a crustal scale fault zone that extends from the southwestern tip of Newfoundland 325km northeast to the Jackson’s Arm-Sop’s Arm mineral trend (Figure 2). The Rattling Brook Deposit located south of Jackson’s Arm hosts resources of 255,000 ounces of gold at an average grade of 1.45 gpt Au. Historical exploration on the Wigwam property was for uranium in the early 1980’s, however indications of extensive gold mineralization have been documented by government sponsored lake sediment sampling and coincident pristine gold grains in till samples collected by Altius Resources Inc between 2000 and 2003. Grab samples taken by Inco in 1989 returned gold values ranging from trace to 3.05 gpt Au and Westfield Minerals in 1979 had gold values ranging from trace to 17.89 gpt Au.

Rodgers cove

The property is within the Exploits Subzone of the Dunnage Zone close to the boundary between the Gander and the Dunnage Zones and is hosted within the Charles Cove siltstone formation of the Indian Islands Group. Recently discovered mineralization on the property was reported in significant new Au-Ag assays associated with elevated levels of Bi, Sb and Cu. Grab samples have returned up to 11.933 g/t Au, 21 g/t Ag, 543 ppm Bi, 420 ppm Cu and 900 ppm Sb. The polymetallic mineralization is associated with quartz veins within an altered granodiorite with pervasive arsenopyrite envelope (Figure 2).

Menu