Grey River Gold Project (Sokoman – Benton Joint Venture)

Project Summary

  • 324 claim (8,100 hectares) centered on an ice-free harbour on the south coast of Newfoundland; 38 km southeast of the recently acquired Golden Hope Joint Venture
  • Historic grab samples and channel samples from the property range from less than 1 g/t to over 225 g/t Au, locally with 200-300 g/t Ag – not drill tested
  • Claims straddle an east-west trending ductile shear zone along which several metal-rich granites were emplaced and are unusually enriched in gold (Au), silver (Ag), molybdenum (Mo), copper (Cu), tungsten (W), fluorine (F) and bismuth (Bi).
  • A 5-km-wide by 10-km-long corridor on the property hosts several styles of gold and associated base metal mineralized zones including multiple mesothermal and intrusion-related Au-rich (+/- Bi-Ag-Sb-Pb-Zn) quartz veins; Pogo Type (high grade Au deposit in Alaska >10 M tonnes at 13.6 g/t Au)
  • Highest gold grades coincide with a large, elongated high-purity silica body, possibly large veins or meta- quartzite (12M tonnes >95% SiO) drilled by the Newfoundland Government in 1967.
  • Style, grades, setting and Au-Ag-Bi-W-Sb geochemical signature compares well with the high-grade Pogo gold mine within the Tintina Gold Belt of Alaska and Yukon (gold in diffusely bounded quartz bodies within amphibolite grade gneisses). The Pogo mine, up to the end of 2019, had produced 3.9 million oz gold at 13.6 g/t gold, with reserves of over 7 million oz gold.
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