Project Summary

This Property is available for Purchase or an Earn-in Option arrangement.

The 111-claim (2,775 hectares) Crippleback Lake Gold Project covers the northeastern extension of the regional-scale Valentine Lake fault zone and lies roughly midway between the Valentine Lake gold deposits (Marathon Gold) and Sokoman’s own Moosehead Gold Project in the rapidly emerging Central Newfoundland Gold Belt. The Property is located in proximity to the Trans-Canada Highway in north-central Newfoundland, is easily accessible by a network of secondary logging roads, and is only a short drive away from assaying and diamond-drilling services in Springdale, NL.

In 2016 and early 2017, the Company acquired through a combination of staking and option, the Central Newfoundland Gold Project (CNGP) which consists of two separate properties in Central Newfoundland: the Crippleback Lake and East Alder properties. The East Alder Property is currently under option to Canterra Minerals Corp.

The property lies 65 km northeast of Marathon Gold’s > 5.0 million ounce Valentine Lake gold project and straddles the same structural trend. Phase 1 and 2 soil and till sampling, as well as prospecting surveys, have been completed as well as a regional helicopter-borne Heli-GT Triaxial Magnetic Gradiometer Survey.  Anomalous values in soils as well as strong gold grain counts were received from work on Crippleback and East Alder with locally, moderately-anomalous gold values from grab sampling, of which at least 20 targets have been identified for possible trenching.

Airborne surveys are critical in the discovery of high-grade gold and important in locating hidden base-metal targets in the structurally advanced Newfoundland geological environment.

Highlights

• 111 claims – 2,775 hectares

• 9-km long gold-in-till trend; multiple samples with > 20 gold grains to a high of 60 gold grains

• Highest rock sample assay of 1.7 g/t gold (float)

• Four discreet gold-in-soil anomalous trends with results to 73 ppb Au