The 8,000 hectare project stretches for 24 km along a major tectonic boundary, the Red Indian Line, which separates rocks of the Exploits and Notre Dame Subzones
Newly discovered, gold-bearing shear zone is the likely source of historical (2004) mineralized quartz-pyrite boulders that assayed up to 138 g/t Au.
Prospecting this summer by Puddle Pond exploration crews has identified 15-25 metre-wide sections of a mineralized shear zone with quartz-pyrite-gold veins enveloped by quartz-sericite-pyrite altered wall rocks.
Recent assays of in situ vein and altered wall rock (up to 15.3 g/t Au) are similar to historical values (2004) of up to 27 g/t Au.
Lithostructural analysis indicates that the main Handcamp gold-bearing shear zone is at least 5 km long and composed of an anastomosing network of faults.
The property also has potential for precious metal-rich Volcanogenic Massive Sulphide mineralization.
Located along the TCH the project has excellent year-round access and infrastructure.
Drill ready project with a Phase One 1500 metres program approved for immediate drill testing.
Located next to a deep water port at South Brook and 15 minutes drive from the mining service center at Springdale.