The Wilding Lake Project (“Project”) lies within central Newfoundland approximately 40 km south of Buchans and is accessed by a well-maintained gravel road and subsidiary forest access roads. The Project covers 215 Km2 (859 mineral claims) and is located immediately northea st of and adjacent to Marathon Gold Corporation’s Valentine Lake project with a reported Mineral Resource of 1,060,100 oz. gold at 2.20 g/t Measured & Indicated and 200,000 oz. gold at 2.85 g/t Inferred, as of April 2015. The land package covers more than 50 kilometres of strike length of the projected structural trend that is believed to control the regional gold mineralization such as at Valentine Lake. See Figure 1.
In late 2015, several large quartz boulders, the Taz Occurrence, were uncovered during forest access road construction in the Wilding Lake area. Grab samples from the boulders assayed up to 74.8 g/t Au. In the summer of 2016, Altius Minerals Corp. (“Altius”) personnel carried out reconnaissance prospecting and soil sampling. A cluster of mineralized quartz-tourmaline boulders was discovered during the soil sampling. A trenching program to locate the bedrock sources of the boulders was undertaken in late fall 2016 which resulted in the discovery of five significant new gold showings named Alder, Taz, Elm, Cedar and Dogberry. The gold showings mainly consist of quartz-tourmaline veins containing clots of coarse-grained chalcopyrite, hematite, malachite and visible gold hosted by sheared Rogerson Lake Conglomerate. The style of mineralization is very similar to the nearby Marathon Valentine Lake gold deposits. In addition, prospecting discovered three other showings, Birch, the Third Spot and the Bridge, which are all hosted by felsic volcanic rocks and consist of narrow base metal-rich quartz veins.
The Project is underlain by Cambrian to Ordovician age volcanic and sedimentary rocks of the Tally Pond and Red Cross Lake groups and Silurian age sedimentary rocks of the Rogerson Lake Conglomerate. The rocks underlying the Wilding Lake project are equivalent to those underlying portions of the Valentine Lake Gold deposits, located 15-30 km to the west-southwest. See Figure 2.
New Discoveries: Alder, Taz, Elm, Cedar and Dogberry Gold Occurrences
The new discoveries above are high grade gold mineralization within shear-related orogenic style quartz veins and quartz stockworks underneath a shallow overburden in an area that has not previously been systematically explored for gold.
These new occurrences (See Figure 3), are located within an important regional gold bearing structural corridor immediately northeast of Marathon Gold Corporation’s Valentine Lake project, demonstrate a strong gold system producing bonanza grades and significant widths and are hosted by the Rogerson Lake conglomerate. A summary of each follows:
Howard Bird, P.Geo., Director at Antler Gold, is the qualified person as defined by NI 43-101 guidelines responsible for the technical data presented herein.