Northbound Property

Overview

  • Metals of Interest: Gold
  • Location: Abitibi Greenstone Belt, Quebec
  • Surface Area: 21 mineral claims totaling 1,162.04 hectares

Projects

The Newfoundland Discovery Corp. Northbound Property lies in the Abitibi Greenstone of Ontario and Quebec, one of series of gold bearing Archean Greenstone Belts of the Canadian Shield through Northern Quebec and Ontario. Important deposits with the northern Abitibi Belt include Detour Lake, Detour Lake 58 Zone, Casa Berardi and the Fenelon deposit of Wallbridge Gold Mining Ltd. The geology of the northern Abitibi Greenstone Belt is taken from Geological Survey of Canada Map D1860a.

Newfoundland Discovery has acquired a key piece of ground in the Abitibi, the Northbound property, contiguous to the north and west of the Wallbridge Fenelon ground.

About the Fenelon Gold Camp

Over the course of last year, Wallbridge Mining has had tremendous recent success in the Fenelon gold camp. Wallbridge drilled 75,000m on their project last year and planned to increase to 100,000 – 120,000m of drilling throughout 2020 en route to their maiden-resource calculation. The Fenelon Project could have the potential to host one of Quebec’s next major open-pitable high-grade gold deposits with the success Wallbridge is having. Last December, they reported drill intercept highlight grading of up to 22.73 g/t Au over 48.01 meters (Wallbridge Dec 3, 2019 press release) and a successful 33,233 tonnes at 18.49 g/t Au bulk sample result which met or exceeded their initial projections in terms of grade and gold recovery. This bulk sample also provided cash flow for their 2019 drilling of 75,000m.

The Jeremie Pluton Contact

Last year, Wallbridge’s exploration program tested their 4-kilometre strike length of the Jeremie Pluton contact which trends north-west onto Newfoundland Discovery’s Northbound Property. Wallbridge’s first drill hole (“FA-19-089”) tested the concept that the Jeremie Pluton does host high-grade mineralization similar to that of their Area 51 mineralization. Targeting a structural-geophysical target, Wallbridge successfully extended their high-quality exploration target far into the northern part of their Property.

Wallbridge’s Drill Hole FA-19-089: Located 800m northwest of the currently known western extent of the Fenelon Gold System resulted in 83.18 g/t Au over 0.51m

Wallbridge’s Drill Hole FA-19-095: Located 500m northwest of the currently known western extent of the Fenelon Gold System resulted in 5.05 g/t Au over 1.96m

Newfoundland Discovery’s properties (Northbound, Northbound Extension) are underlain by Jeremie Pluton, an intrusive body becoming increasingly important at the contiguous Wallbridge Fenelon property, as highlighted above. Wallbridge’s exploration in 2019 tested strike extensions to the north of the property of known mineralization from the metasediments and metavolcanics and gabbro into the Jeremie pluton. Wallbridge drilling to date has confirmed the extensions of the gold-bearing mineralized zones well into the pluton and the zones appear to be open further into the pluton.

Cautionary Statements: Newfoundland Discovery cautions investors that mineralization on Wallbridge’s nearby property is not necessarily indicative of similar mineralization on Newfoundland Discovery’s properties in the district.

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