- Metals of Interest: Polymetallic mineralization
- Location: Newfoundland, Canada, within the Central Newfoundland Gold Belt, straddling both the JBP Fault and the Appleton Fault, which are linked to high-grade gold discoveries in the region.
- Surface Area: 147 claims totaling 3,675 hectares
- June 10th, 2021 – Newfoundland Discovery enters option to acquire 147 claims totaling 3,675 hectares
- Located within the Exploits Subzone along the highly prospective NE trending Dog Bay-Appleton-GRUB Line fault system
- 40 km north of Keats Zone, New Found Gold (146.2 g/t Au over 25.6m)
- Newly reported assays returned with significant Au-Ag mineralization associated with elevated levels of Bi, Sb & Cu
- Grab Samples returned 11.933 g/t Au, 21 g/t Ag, 543 ppm Bi, 420 ppm Cu & 900 ppm Sb
- Polymetallic mineralization associated with quartz veins within an altered granodiorite with pervasive arsenopyrite envelope
Promising Potential Unveiled in Central Gold Belt
March 2023-Newfoundland Discovery announced geochemistry soil sample assay results from Phase One exploration at its Rodger’s Cove project in Newfoundland, which uncovered three highly anomalous geochemical gold clusters.
The anomalies comprise 40% of the samples assaying above 100 ppb Au and are align with glacial striae, suggesting a potential shared source to the southwest. Anomaly A is the most prominent gold anomaly and covers an area of approximately 600 x 800 meters.
- Anomaly A is coincident with the northern extension of a 1.5 km track of altered granite associated gold showings, with high-grade gold values of up to 1,780 ppb (1.780 g/t).
- Anomaly B is situated near historic gold occurrences and includes historical assays grading up to 14.56 g/t gold and 440 g/t silver.
- Anomaly C contains the highest soil sample value from Phase One, assaying 1,780 ppb Au (1.780 g/t), emphasizing the high-grade nature of the soil samples.
Phase Two will involve advanced exploration of the high-confidence multi-anomaly targets generated during Phase One to delineate and quantify mineralized zones and their structural feature.