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TRANSCRIPT
Available For Sale Or Option
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Robert Freeman Prospector Owner
Property Highlights
7 claim licenses totaling 2250 hectares covering a large strike area of Douher’s Valley fault system regionally seen as emerging under explored gold belt with considerable upside potential.
Gold has been discovered on the claims. Preliminary stage prospecting work has already resulted in the discovery of widespread gold showings with assay results up to 23.1 gram per tonne gold.
Locally gold is hosted in deformed Grenville age (Proterozoic) intrusive rocks. The area geologic model supports discovery of large gold deposits.
Contiguous with claims held by Spruce Ridge Resources who has outlined a large gold-bearing system within the Viking and Thor trends. Ni 43-101 compliant mineral resource of 143,000 ounces of gold on the Thor gold trend. Deposit has both high grade zones and lower grade halos and is open along strike and at depth.
The Viking project is showing excellent potential for both bulk minable near surface and underground targets. There is strong geological evidence indicating that these gold trends extend into the Taylors pond property.
Other sections of the claims have significant lead and uranium occurrences that provide mineral target diversity and discovery potential.
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The mineralized veins and gold occurrences discovered thus far could be peripheral to an undiscovered economic gold deposit. Further exploration effort is highly recommended.
Location and Access
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Provincial Location Map Regional Claims Map
The claims are transected by a paved all weather highway proving low cost transportation access. Situated 50 km’s north of Deer Lake, a major service center with an airport and supporting infrastructure. Modern gold mining and milling facilities are located within 3 hours trucking distance. An Electrical power corridor runs trough the property to nearby communities and a hydro electric generating plant.
Claim License Details
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Holder Name License
Number
Number
Claims
Year One
Expenditures
Next Work Report
Due
Expenditures
Required
Elizabeth Freeman 021823M 7 $1,859.00 2016/03/30 $1,291.00
Elizabeth Freeman 021822M 23 $5,555.00 2016/03/30 $4,795.00
Robert Freeman 021860M 7 $1,859.00 2016/04/18 $1,291.00
Robert Freeman 021859M 7 $1,859.00 2016/04/18 $1,291.00
Robert Freeman 021858M 16 $3,608.00 2016/04/18 $3,592.00
Robert Freeman 022931M 22 $5,555.00 2017/04/20 $4,345.00
Robert Freeman 022932M 8 $1,859.00 2017/04/20 $1,741.00
Totals 90 $22,154.00 $18,346.00
All Claim Licenses Are In Good Standing
Year 1 assessment report was filed recently applying $22,154.00 in work credits. The report consisted of historical data compilation and interpretation authored by Tim Froude P.geo and Robert Freeman.
Local Gold Occurrences Map
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Gold Discoveries On Property
Selected Showings
Description Assay Grade*
Broken felsic rock – vein in subcrop 23.1 grams/tonne
Quartz vein - granite rock 7.74 grams/tonne
Broken felsic rock 2.87 grams/tonne
Broken felsic rock - subcrop
1.99 grams/tonne
Quartz – granite rock 20.23 grams/tonne
Quartz vein –gossaned rock 3.30 grams/tonne
Quartz vein 8.05 grams/tonne
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* All gold assays given above were determined by an accredited analytical laboratory and the information was derived from published historic data files and assessment reports of past exploration work.
Neighboring Gold Projects Summary
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Project Name Ownership Location Target Minerals and Grade
Viking Gold Project Spruce Ridge Resources Ltd Adjoining Claims
Contiguous Border
NI 43-101 compliant resource estimate of 143,000
ounces gold. Grade ranges from less than 1 g/t to up
335 g/t Au. Open along strike and at depth. High
Grade core with lower grade halo mineralization.
Kramer Gold Project Spruce Ridge Resources Ltd Adjoining Claims
Contiguous Border
A gold-bearing system over 7 km’s measured from
southwest to northeast. Assays of surface samples
gave up to 85.36 g/t Au.
Unknown Brook,
Browning Mine – Simms
Ridge
Ubique Minerals Ltd 4 km’s Northeast The property is host to seven reported gold
showings/prospects. Assays up to 96.6 g/t Au and
219 g/t Ag, – 19.8 g/t Au and 426 g/t Ag
Jackson’s Arm Project Kermode Resources Ltd 20 km’s North –
North East
The project features an NI 43-101 Inferred Resource
of 495,000 oz Gold based on 183 diamond drill
holes. Surface samples collected from altered
sediment outcrops reported up to 45 g/t Au.
Jackson’s – Sops Arm Metals Creek Resources Corp 25 km’s North –
North East
Widespread quartz veins were discovered in 2011
over a 1.2 km by 200 meter area with values up to
56.7 g/t gold and 1232 g/t silver. The zone remains
open along strike.
Neighboring Gold Projects Map
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Favorable Geology in an under-explored belt • Multiple metamorphic events • Numerous intrusive episodes • Crustal scale faults • Abundant secondary faults • Adjacent to significant discoveries with a large
gold footprint - Potential for a multi million ounce gold deposit
• Simple and easy metallurgy
Drilling Highlights Viking Gold Project
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High Grade Vein Intersections Lower Grade Halo Intersections
218.8 g/t gold over 0.5 m 7.9 g/t gold over 27.0 m
176.2 g/t gold over 0.5 m 5.1 g/t gold over 23.0 m
136 g/t gold over 0.5 m 4.1 g/t gold over 18.2 m
124.8 g/t gold over 0.5 m 2.8 g/t gold over 57.4 m
119.7 g/t gold over 0.9 m 2.7 g/t gold over 17.5 m
50.1 g/t gold over 3.7 m 2.0 g/t gold over 41.4 m
41.7 g/t gold over 4.8 m 1.9 g/t gold over 22.0 m
33.7 g/t gold over 5.75 m 1.8 g/t gold over 32.0 m
16.1 g/t gold over 3.8 m 0.8 g/t gold over 80.9 m
8.5 g/t gold over 6.4 m 0.8 g/t gold over 62.3 m
The Viking project is adjoined to the east by Spruce Ridge's Kramer property. Spruce Ridge believes that two of the significant gold showings discovered on the Kramer property are extensions of mineralized systems at the Viking project. Subject experts also believe that the Thor and Viking zones extend south into geology located on claims held by Freeman.
There is increasingly strong evidence to support the theory that a large scale gold system is located in the area.
Shares Contiguous Boundary With Freeman Claims
Other Property Mineral Occurrences
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Description Assay Grade
Determination Zone Uranium Discovery- felsic pyroclastic rock with intense Iillite clay alteration
Up to 0.275% 5.5 Lbs./tonne U3O8
Uranium discovery in altered felsic contact – little exploration 483 ppm U3O8
Turners Ridge Lead Deposit Dimmell (1979) reported an estimated resource of 200,000 tons grading 3‐4% Lead. In a later report by
Kevin Keats (2004) he describes the Turner Ridge Lead prospect has having an unofficial resource
estimate of 250,000 tons grading 4.5% Pb.
Taylor Pond South Lead No 2 Galena and pyrite mineralization occurs in volcanic rocks of the Silurian Lower Volcanic Unit, Sops Arm
Group
Side Pond lead prospect - Drill hole intersections
4.3 meters of 3.19% Pb 7.3 meters of 1.91% Pb.
2015 Exploration Program
Objectives
Expand upon known gold discoveries by carrying out a detailed prospecting and sampling program
Explore a larger area of the property using modern methods aimed at new discovery of gold and other minerals
Map geology and important structural features with strong emphasis on identifying potential mineral conduits
Compile all historic and new data into a digital data base with up to date geology maps
Complete an independent NI-43-10 compliant technical report: with history, interpretations and recommendations by a qualified professional geoscientist
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Discover and outline one or more significant gold deposits suitable for advanced exploration work including core drilling. Seek joint venture partners and/or option - purchase operators.
Overall Goal
Low Cost Entry To Emerging District
Blue Sky potential for both high grade vein type
and lesser grade larger tonnage near surface
gold deposits
5 gold occurrences have been discovered with
only early stage prospecting work completed to date
Untested yet important exploration targets have
been identified throughout the property
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High Potential Large Size Gold Property
Mining friendly province with an excellent record and exploration
support system.
Adjacent to exciting gold discoveries hosted in
geology that trends onto the
property.
Excellent all year access
located near major centers
with full supporting
infrastructure.
Additional Information - Contact
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Address: PO Box 16, Site 9, Port Rexton, NL, A0C 2H Email: [email protected] Tel: 709-468-8385
Supporting Data Complete reports of historical work are available among with a recent compilation report , updated digitized geophysical, geochemistry and geology maps.
Terms Sought The main objective in seeking an option partner is to fund and conduct more advanced exploration plus reasonable modest grubstake payments to the owners. We are open to reasonable offers to purchase over a multi-year term. Contact us for details and discussion.
Owner – Robert Freeman