geoscience resources of newfoundland and labrador · 2019. 2. 15. · st. john’s, nl dear mr....

✔

✔

✔

012H/16/2284

P.O. Box 374, Bishop’s Falls, NL A0H 1C0 Tel: 709-486-1247

Email: [email protected]

Aug. 17, 2015 Justin Lake Manager, Mineral Rights Dept. of Natural Resources P.O. Box 8700 St. John’s, NL Dear Mr. Lake: Please find attached the assessment report covering 2014 exploration activities on Mineral Exploration Licence 020060M registered to Mr. Herb Froude. The licence is under option to Anaconda Mining Inc. and exploration expenditures amounted to $19,828.69. Anaconda is presently reviewing its account coding and if there are any adjustments an amended report will be submitted. If you have any questions, please contact me at your convenience. Sincerely, Dave Evans P.Geo. Silvertip Exploration Consultants Inc.

Exploration Report Anaconda Mining Inc.

Mineral Exploration Licence 02006M Baie Verte Peninsula, Newfoundland

NTS 12H/16

Prepared for Anaconda Mining Incorporated

By David Evans M.Sc. P.Geo.

Silvertip Exploration Consultants Incorporated Aug. 17, 2015

Mineral Licence # Claims Required Expenditure Actual Expenditure Excess

02006M 11 $4,325.67 (2018/04/18) $ 19,828.69 $15,503.02

i

Table of Contents

1.0 Summary ........................................................................................................................................... 1

2.0 Introduction ....................................................................................................................................... 1

3.0 Property Description and Location ..................................................................................................... 1

4.0 Accessibility and Infrastructure .......................................................................................................... 1

5.0 History of Mineral Exploration .......................................................................................................... 3

6.0 Geological Setting and Mineralization ............................................................................................. 12

7.0 Exploration Program ........................................................................................................................ 17

8.0 Results and Recommendations ......................................................................................................... 19

9.0 References ....................................................................................................................................... 21

Appendix I Sample Data and Assay Certificates .................................................................................... 29

List of Tables

Table 1. Mineral exploration licence 020060M. ....................................................................................... 1

Table 2. Channel sample highlights, Trench 12. ..................................................................................... 19

Table 3. Exploration expenditure summary, Licence 020060M. ............................................................. 20

List of Figures

Figure 1. Property location map, Licence 020060M, Froude Option. ........................................................ 2

Figure 2. Tectonostratigraphic map of Newfoundland (Hayes, 1987). .................................................... 15

Figure 3. Simplified geology map of the Ming's Bight Peninsula. .......................................................... 16

Figure 4. Sample location map, Trench 12, Froude Option. .................................................................... 18

1

1.0 Summary This is a summary of the 2014 exploration program conducted on mineral exploration licence 020060M registered to Herb M. Froude. The licence is located on the Baie Verte Peninsula near the community of Ming’s Bight and is under option to Anaconda Mining Incorporated. Work carried out on the licence included trenching and channel sampling as a follow up to a 2012 soil geochemistry program. The trenching successfully exposed gold mineralization associated with altered gabbro. 2.0 Introduction In 2012, Anaconda Mining entered into an option arrangement with Herb Froude to acquire a 100 percent interest in a mineral exploration licence (the Froude Option) adjacent to Anaconda’s Pine Cove gold mine. The licence is underlain by ophiolitic and cover sequence rocks of the Point Rousse Complex which is a highly prospective target for gold mineralization. In the fall of 2014, Anaconda initiated a trenching program on its Ming’s West project as a follow up to anomalous soil geochemical anomalies. Prior to Anaconda’s 2012 soil geochemistry survey there appears to have been little in the way of previous exploration on the portion of this licence covered by the trenching program. This program successfully exposed gabbro-hosted gold mineralization now referred to as the Argyle Zone. 3.0 Property Description and Location Mineral exploration licence 020060 consists of 11 claims covering 275 hectares near the community of Ming’s Bight on the northern tip of the Baie Verte Peninsula, Newfoundland and Labrador (Figure 1). This report covers exploration activities carried out on that licence, details of which are presented in Table 1.

Licence Claims Registered Owner Report Due Required Expenditure

Actual Expenditure

020060M 11 Herb M. Froude 2015/08/15 $4,325.67 $19,828.69 Table 1. Mineral exploration licence 020060M. 4.0 Accessibility and Infrastructure The Baie Verte Peninsula lies on the northeast coast of Newfoundland and is linked to the Trans-Canada Highway via Route 410. Baie Verte, the region’s largest town, lies approximately 65 km

2

Figure 1. Property location map, Licence 020060M, Froude Option.

3

north of the Trans-Canada Highway. The area has a long mining and forestry history with Baie Verte, the major service center. The town provides major infrastructure with a regional hospital, restaurants, hotels, banking services and heavy equipment providers. The Froude Option lies approximately 8 km northeast of Baie Verte on a northeast-trending peninsula separating Baie Verte and Ming’s Bight. The Ming’s Bight highway (Route 418) cuts the southern portion of the licence. The abandoned Deer Cove access road which leaves Route 418 approximately 1.5 km southwest of Ming’s Bight provides access to the northern portion of the licence. The area is covered by a mixture of dense scrub (black spruce and balsam fir), old cutovers and bog. The terrain is rugged with an average elevation of about 50 m. Overburden varies from less than 0.5 m up to greater than 5 m in some of the linear valleys. Outcrop is typically less than 5 percent in inland areas and up to 100 percent in some coastal sections. 5.0 History of Mineral Exploration Overview The Baie Verte Peninsula has an extensive mining and mineral exploration history dating back to the mid-1800s when copper mineralization was discovered near Baie Verte, Tilt Cove and Betts Cove. These mines operated intermittently until about the First World War. In the late 1950s there was renewed interest in copper and mining was resumed at Tilt Cove from 1957 to 1967. The Rambler deposits south of Ming’s Bight were developed and produced from 1961 until 1982 and again from 1995 to 1996. Rambler Metals and Mining Canada Ltd. is currently mining the deeper levels of the Ming deposit and is considering developing the low grade footwall deposit beneath the Ming ore body. Gold mineralization was first reported from the Ming’s Bight area prior to 1867. Subsequent exploration lead to the discovery in 1903 of gold mineralization associated with banded iron formation northwest of Ming’s Bight. Substantial infrastructure was erected including a ten stamp mill and Wilfley concentrator. The Goldenville Mine operated sporadically from 1904 to 1906 and produced 158 oz. of gold. In the mid-1980s, following the discovery of the Hope Brook gold deposit on the south coast of Newfoundland, exploration companies began to focus on the islands gold potential. The geological setting of the Baie Verte Peninsula drew comparison to the Californian Mother Lode Belt. Exploration focused along the Baie Verte Line including the Ming’s Bight area. This intensive period of exploration produced approximately 120 new gold discoveries including: the

4

Deer Cove deposit, discovered by Noranda in 1986; the Lightning Zone and Romeo and Juliet prospect, discovered by South Coast Resources Inc. in 1987; and the Stog’er Tight deposit discovered by Noranda in 1988. Subsequent exploration adjacent to the Lightning Zone outlined the Thunder Zone; collectively referred to as the Pine Cove deposit. In the 2008, Anaconda Gold Corporation commissioned the Pine Cove open pit mine with an indicated resource of 2.63 million tonnes grading 2.93 g/t Au and an inferred resource of 254,150 tonnes grading 2.11 g/t Au. There have been two unsuccessful attempts at mining the Stog’er Tight deposit. Academic and Government Surveys The geology and mineral deposits of the Baie Verte Peninsula have been the focus of an extensive list of government and academic studies. Reports of gold mineralization from the Ming’s Bight area was first documented in the reports of the Geological Survey of Newfoundland (Murray and Howley, 1881). Snelgrove (1935) described the Goldenville Mine in his study of Newfoundland gold deposits. In 1939, K. Watson studied the geology and mineral deposits of the Baie Verte and Ming’s Bight area (Watson, 1947). Rose (1945) mapped the Baie Verte greenstones between the Rambler and Ming’s Bight area as part of a M.Sc. study. Baird (1945) assessed the mineral potential of the Ming’s Bight –Pacquet Harbour area. In 1957, the Geological Survey of Canada included the area in 1:250,000 scale geological mapping that eventually covered the Baie Verte Peninsula (Neale, 1958). In the late 1970s the Department of Mines and Energy carried out a geological, geochemical and geophysical evaluation of the Barry and Cunningham Fee Simple Mining Grant (Howse and Collins, 1978) after the property reverted to the Crown. Frew (1971) examined the petrography and geochemistry of the Goldenville area as part of a B.Sc. thesis at Memorial University. Norman (1973) studied the geology and petrochemistry of the ophiolitic rocks exposed near Ming’s Bight as part of a M.Sc. thesis study.

5

Kidd (1974) studied the evolution of the Baie Verte Lineament as part of a Ph.D. thesis at Cambridge University. This work formed the basis for a paper by Kidd et. al., (1978), which described the geology of the ophiolitic rocks of the Ming’s Bight area. Fitzpatrick (1981) examined the geology and mineral potential of the upper ophiolitic rocks near Ming’s Bight as part of a B.Sc. thesis at Memorial University. In 1983, J. Hibbard produced a memoir on the geology and mineral deposits of the Baie Verte Peninsula which has served as the bench mark for subsequent geologic work on the peninsula. Patey (1990) documented the Paleozoic mesothermal lode-gold mineralization, Deer Lode deposit as part of a B.Sc. thesis at Memorial University. Ramezani (1992) documented the geology, geochemistry and U-Pb geochronology of the Stog’er Tight Gold Prospect as part of a M.Sc. thesis at Memorial University. Several Baie Verte Peninsula gold occurrences were included in a regional study of Newfoundland gold deposits by the Geological Survey of Canada. Kirkwood and Dubé (1992) documented the structural control of sill-hosted gold mineralization at the Stog’er Tight Gold Deposit. Dubé et. al., (1993) described the Deer Cove deposit as an example of “thrust”- related breccia-vein type gold mineralization. Evans (1996) documented the gold mineralization of the Baie Verte Peninsula as part of a regional study of Newfoundland gold deposits carried by the Newfoundland Department of Mines and Energy. The Geological Survey of Canada, as part of its Targeted Initiatives Program (TGI3), carried out detailed geological mapping and structural and geochronological studies on the Baie Verte Peninsula (Skulski et. al. 2010) including detailed studies on the Ming’s Bight Peninsula (Castonguay et. al., 2009; Escayola et. al., 2009). Industry The following overview of historic mineral exploration work is adapted from Dearin (2007). The reader is also referred to Hibbard (1983), Martin (1983) and Evans (2004) for further detailed information on historic exploration work. 1867: gold first reported from the Ming’s Bight area. 1902: gold first reported from Goldenville property

6

1902-1906: Goldenville Mining Company was formed and trenching and sinking of three shallow shafts carried out. The Main Shaft was sunk to a depth of 30.5 m. About 158 oz. of gold recovered. 1907: Bishop and Harvey Fee Simple Mining Grant (Volume 1, Folio 99) was issued. 1935: N.A. Timmins Corp. of Ontario optioned the Bishop and Harvey Fee Simple, dewatered and sampled the Main Shaft; however, no records of the results are preserved. 1937: The Newfoundland Prospecting Syndicate carried out trenching along several thousand meters of iron formation southwest of the shafts. No records of the results exist. 1961: M.J. Boylen Engineering Ltd. optioned the property and carried out geological mapping and magnetic and SP surveys near Mine Pond (de Geoffrey, 1962). This work included at least one diamond-drill hole presumably to test iron formation along its NE-extension. 1974: Consolidated Rambler Mines carried out sampling, geochemical soil sampling and a limited diamond-drill program on the Barry and Cunningham Fee Simple (Tuach and Collins, 1974). 1980: Falconbridge carried out a preliminary assessment and compilation of the Goldenville property (Hinchey, 1980). 1980: Noranda Exploration carried out geological assessment along the Goldenville Horizon to the southwest of the Main Shaft (Dimmell, 1981) 1983: Golden Hind Ventures Limited staked the western extension of the Goldenville Horizon and contracted Maritec Limited to carry out ground magnetic and electromagnetic surveys (Sheppard, 1984). In 1984, Maritec staked the former Barry and Cunningham property and optioned it to Golden Hind. Golden Hind carried out geological mapping, prospecting, geochemical and geophysical surveys (Picket, 1985a, b). 1984: US Borax optioned the Goldenville property and carried out geochemical and geophysical surveys but no assessment work was filed. 1984: Noranda Exploration Company Limited focused on the Deer Cove area as a result of favourable geology and a high Au in lake-bottom sediment value, obtained from Deer Cove Pond during the regional lake bottom geochemical sampling project conducted by the Newfoundland and Labrador Department of Mines and Energy. The area was staked in July, 1984 and by 1985, exploration had focused on the Deer Cove valley, an area underlain by talc-

7

carbonate altered ultramafic rocks. Tills in this area contained abundant, delicate gold grains (Graves, 1986). Trenching failed to explain the gold grains and the focus of exploration shifted to the sequence of volcanic rocks lying above the Deer Cove Thrust. Then in June, 1986, Noranda prospectors Allen Keats and Brian Rowsell discovered spectacular visible gold associated with brecciated quartz veins. On August 31, 1987 Noranda signed an option and joint venture agreement with Galveston Resources Limited. Between 1986 and 1989, Noranda conducted an extensive exploration program in the Deer Cove area which included prospecting, geological mapping, geochemical and geophysical surveys, trenching, diamond drilling (138 holes on the Deer Cove grid), construction of a 7.2 km access road and underground exploration; 507 m adit (Gower et al., 1990). In 1987, Noranda Exploration Company Limited initiated an extensive exploration program in the Normans Pond area (Gower, 1988) which included, establishing of the Normans Pond grid, soil sampling and prospecting surveys and a trenching program. In 1988, the grid was extended and soil geochemical, gold grain analysis, mapping, prospecting and magnetometer and VLF-EM surveys were conducted. Soil and bedrock gold anomalies were trenched resulting in the discovery of the Fox Pond prospects. On February 6, 1995 Noranda transferred the minerals rights to the Deer Cove property to Hemlo Gold Mines Incorporated and subsequently on September 13, 1996 to Battle Mountain Canada Limited. The mineral rights reverted to Noranda on January 28, 1998. No exploration work resulted from these transfers and the property reverted to Crown Land on November 11, 1998. The area surrounding the Main Zone and the Deer Cove talc resource was made Exempt Mineral Lands. The remaining ground was staked by Canaco Resources Incorporated. A call for proposals to develop the property was issued (Government of Newfoundland and Labrador, Call for Proposals, 1999) and on May 25, 1999 it was announced that the mineral rights to the Exempt Mineral Land had been awarded to WMC International Limited. Unfortunately no work was completed and the claims reverted to the Crown. 1985: The following overview of historic mineral exploration work on the Pine Cove area is adapted from Dearin (2007) and Dearin personnel communication (2014). In 1984 the idea of Mother lode-style gold deposits within 2nd & 3rd order shear zone structures (i.e. the Scrape Thrust) on the Baie Verte peninsula, Glover Island and several other areas in Newfoundland was first conceived by Charles Dearin. In June-August, 1985 the Pine Cove area was first staked by Dearin and his private company, South Coast Resources Ltd. During June-August 1986 Dearin and South Coast Resources carried out preliminary mapping, prospecting and most importantly, a unique method of heavy mineral stream sampling over most of the Pine Cove claims. This sampling turned up a significant number of large gold anomalies, especially on the Ming’s Bight (Pine Cove) property.

8

The Pine Cove gold deposit was discovered in June 1987 by Dearin during prospecting and detailed follow up panning of gold geochemical anomalies in stream heavy mineral concentrates collected in 1986 in the Pine Cove-Pasture Pond basin area (now the Pine Cove mine) all of which yielded significant visible gold in panned concentrates. An hour of concentrated-prospecting and hand stripping located two, obvious gold showings, both containing visible gold in outcrop over ~150 m E-W strike. Initial discovery chip samples from these two locations within the zone assayed 6,500 ppb Au to over 10,000 ppb Au (Dearin personnel communication, 2014). Hand trenching/pitting and prospecting over the next few weeks led to exposing both the so-called Lightning and Thunder zones with good gold grades from grab samples; the Romeo & Juliet zone was officially discovered a few days after the Pine Cove discovery during this flurry of prospecting activity. In November of 1988, the Pine Cove property was optioned by Corona Corporation and Corona continued with detailed geological, geophysical and soil geochemistry surveys, followed by trenching and 2812.6 m of diamond drilling in 24 holes. This work lead to the discovery of the Thunder Zone and subsequent delineation drilling indicated a geological reserve of 499 000 tonnes grading 5.7 g/t gold at a cut off of 2.5 g/t gold over 2 m (Dimmell and Hartley, 1991). In 1990, 6,095 m of diamond drilling in 45 holes was completed which helped define a geological reserve of 2,750,000 tonnes at 3.0 g/t gold. Corona Corporation also discovered the Anoroc (Corona spelled backwards) prospect in 1990 and subsequently the showing was covered by an IP survey, trenched and tested by 5 diamond drill holes. By 1990, a total of 90 diamond drill holes had been drilled on the Pine Cove Property and geological mapping and geophysical and geochemical soil surveys were also conducted near Green Cove Pond, South Brook and Three Corner Pond (Dimmell and Hartley, 1991). Corona completed a detailed structural analysis of the Pine Cove property and an interpretation of the structural setting of the ultramafic rocks located to the east of the Ming’s Bight Highway (Calon and Weick, 1990). In the fall of 1991, NovaGold Resources Incorporated optioned International Corona Corporation’s 70 percent interest in the Pine Cove property with the view to mine the deposit by open pit and recover the gold through a vat leach process (Duncan and Graves, 1992). By November all regulatory permits were in place which would have allowed production to proceed in the spring of 1992. Peak Engineering Limited completed a positive Feasibility Study and NovaGold initiated a definition diamond-drill program to complete the 25 m by 25 m drill pattern over the deposit. In total 2,389.6 m in 32 holes were drilled bringing the total drilling on the deposit to 112 holes. As part of the program all previous drill core was relogged and a new geological inventory for the deposit was defined at 2,441,713 tonnes at an average grade of 2.95 g/t gold to a vertical depth of 150 m with mineable diluted reserves calculated at 2,441,713 tonnes averaging 3.02 g/t gold (Duncan and Graves, 1992). A small amount of ore was extracted

9

and stockpiled near the Rambler tailings for vat leach processing; no further work was undertaken. Approximately 10 ounces of gold were recovered from a 10-tonne bulk sample collected from the Juliet South zone in 1993 (K. MacNeill, personal communication, 1997). In 2000, New Island Minerals acquired the Pine Cove property by paying Nova Gold one million shares (Dimmell, 2001). In 2000 Nova Gold tested the area north of the Pasture Pond thrust, Pine Cove with a single diamond-drill hole, which intersected a new zone of mineralization, that assayed 8.93 g/t gold over 3 m (Dimmell, 2001). The exploration program also tested the Romeo and Juliet prospect with 14 diamond drill holes. 1986: Cuvier acquired the Ming’s Bight west property and initiated exploration that resulted in the discovery of the Corkscrew and Green Cove Brook gold occurrences (McBride, 1987; Ovens and McBride, 1988). Cuvier trenched and tested the Corkscrew prospect with 2,700 m of diamond drilling in 17 holes. 1986: Noranda Exploration acquired the Maritec property east of the Bishop and Harvey Fee Simple Mining Grant and carried out prospecting, geological mapping, soil geochemistry and geophysical surveys (Gower, 1987; Wells, 1989). This work produced five new gold showings. 1986: The Stog’er Tight area was originally staked in 1986 by Pearce Bradley and optioned to International Impala and prior to 1986 there were no known mineral occurrences within the area covered by the claims. Exploration on the property was carried out as part of a 50/50 joint venture arrangement between Impala and Noranda Exploration and Mining Company Limited. In 1987, Noranda initiated an extensive soil geochemistry survey which outlined a number of gold anomalies (Huard, 1988a). A total of 1,425 m of trenching resulted in the discovery of three new gold occurrences referred to as the Main Zone, Gabbro Zone and Massive Sulphide Zone, which were collectively known as the Stog’er Tight showing (Huard, 1988a). In 1988, Noranda tested the mineralized zones with a 1,410.0 metre, 17 hole diamond-drill program (Huard, 1988b). Between May, 1988 and March, 1989, an extensive exploration program on the Bradley North Property consisting of line cutting, soil geochemical, geological and geophysical surveys, trenching and diamond drilling resulted in the discovery of three auriferous zones, referred to as the Stog’er Tight, Gabbro West and Gabbro East zones (Huard, 1989). In 1989, further exploration work resulted in the discovery of the Cliff Zone (Huard, 1990). In total, Noranda conducted in excess of 8,000 m of diamond drilling in 80 holes on the Bradley North Property. 1987: Granges Exploration Limited optioned the Bishop and Harvey Fee Simple Mining Grant and adjoining property from Lewis Murphy and carried out geochemical and prospecting surveys and diamond drilling (O’Donnell, 1987, 1988a, b; Tuach, 1989). Six holes will drilled on the Murphy property and eleven adjacent to the Goldenville mine. Significant gold values were

10

intersected in three of the Goldenville holes. The best hole (MH-88-117) assayed 12.37 g/t Au over 1.8 m. 1993: The Cuvier Mines Incorporated Ming’s Bight west property reverted to the Crown in 1982 and was subsequently staked by Seaside Realty Limited (Pollard, 1994). In 1993 and 1994, Seaside Realty carried out prospecting surveys, trenching and diamond drilling and eleven holes totalling 1980 m were drilled. This work resulted in the discovery of the Big Bear gold occurrence. In 2004, the grid was refurbished and limited prospecting and data compilation was completed (Regular, 2005). 1995: Exploration Kalito Incorporated staked the eastern extension of the Goldenville Horizon mainly covering the former Maritec property. In 1996, Noveder Incorporated carried out regional geological mapping, prospecting and detailed mapping of the old Noranda trenches (Jourdain and Oravee, (1996). Additional prospecting, an IP geophysical survey, trenching and diamond drilling was recommended, but never carried out. 1996: In 1996-1997 Ming Minerals Incorporated carried out diamond drilling, trenching and extracted a 30,735 tonne bulk sample from the Stog’er Tight deposit (Bradley, 1999). In 2009, two additional drill holes successfully tested the Stog’er Tight deposit beneath the bulk sample. 1996: Triassic Properties staked eight claims covering the Pumbly Point area. Prospecting and geological compilation work was completed (Larcey, 1998). 1998: First Labrador Acquisitions optioned the Gillard Pond property from Lewis Murphy and carried out Max-Min Hlem, V.L.F.-E.M. and magnetics over Gillard Pond. A weak E.M. conductor and an area of magnetic low were tested with two diamond drill holes, but no significant mineralization was intersected (Frew, 1999). 1999: Canaco Resources Limited staked 83 claims covering much of the northern tip of the Ming’s Bight Peninsula. In 2000, a limited soil sampling program was completed in the area now covered by Fair Haven licence 01866M. This was followed up by three short diamond-drill holes in January 2001 (Pilgrim, 2001). This work targeted a magnetic trend thought to represent a westward extension of the Goldenville Horizon. The drilling intersected a sequence of silicic tuffs and andesite flows with thin interlayed highly magnetic sulphidic bands. No significant gold values were returned from either the soil sampling or diamond drilling. 2001-2011: South Coast Ventures Incorporated between 2001-2002 and 2005-2006 staked significant portions of the Ming’s Bight Peninsula, including Deer Cove, Penny Cove, part of the Goldenville Horizon and areas adjacent to the Pine Cove and Stog’er Tight deposits. After successfully responding to a “Call for Proposals” issued by the Government of Newfoundland

11

and Labrador to develop the Stog’er Tight deposit a Mining Lease was issued to South Coast Ventures in 2006. Beginning in 2003, historic soil and till geochemistry dating from 1974 to 1989 and covering much of the Ming’s Bight Peninsula was compiled and digitized and brought into ArcGIS (Dearin, 2003, 2007). Ground geophysical survey data was also digitized. All diamond-drill data for both the Deer Cove and Stog’er Tight deposits was digitized as were the underground data for Deer Cove. In 2010, Tenacity Gold Mining Company Inc. completed an infill drill program and contracted P&E Mining Consultants Inc. ("P&E") to undertake a mining and economic analysis of the Deer Cove project. P&E reported that the portion of the Main Zone lying above 45 meters above sea level, contained an estimated resource of 12,900 tonnes grading 10.45 grams/tonne ("g/t") gold at a cutoff grade of 6.0 g/t. In August, 2010 Tenacity Gold Mining Company Limited and Rambler Metals and Mining PLC announced a Toll Processing Agreement whereby Tenacity would deliver ore from Deer Cove and the Stog’er Tight mines to Rambler’s Nugget Pond mill for processing. Limited production was completed at Stog’er Tight with less than favourable results. No further work was undertaken and the Deer Cove block and Stog’er Tight Mining Lease were subsequently acquired by Coordinates Capital. 2004: Seaside Realty Limited tested the Goldenville Horizon north of Gillard Pond with a single diamond-drill hole. The 121.9 m long hole intersected 2.1 m of iron formation which returned slightly elevated gold values (Regular, 2004). 2006: Rubicon Minerals (Paragon Minerals Corporation) staked 47 claims covering much of the former Maritec Goldenville property. Historic data including soil, till and rock geochemical data, trench locations and diamond-drill hole locations were compiled and brought into ArcGIS software (Downton, 2009; Copeland, 2010). Limited ground follow-up was completed. An extensive exploration program consisting of a helicopter-borne magnetic and electromagnetic survey, trenching, and 5,000 m of diamond drilling was recommended, but never implemented and the claims were allowed to lapse. In 2003, Anaconda acquired an exclusive option to earn up to an undivided 60 percent interest in the Pine Cove project. In the fall of 2004 a 5,000-tonne bulk sampling program was successfully completed at Pine Cove and 1,045.35 ounces of gold was recovered. A NI-43-101 compliant technical report and feasibility study was completed and released in 2004, followed by a revision in 2005 followed by a production decision for the Pine Cove gold project. Construction was initiated in 2007 and production commenced in 2008. The original Gekko plant was unsuccessful and as a result, Anaconda entered into a toll processing agreement with Crew Gold Corporation in May 2009 at the nearby Nugget Pond mill and, subsequently, terminated the agreement by early 2010 during the construction phase of its mill expansion. The expansion included installing a primary ball mill with throughput capacity up to 1,000 tonnes per day and a flotation circuit to produce a gold-pyrite concentrate. The expanded production facilities began operation in August 2010 and achieved commercial production by September 2010 enabling Anaconda to earn a total

12

of 60 percent of the project, per the terms of the exclusive option agreement with New Island. In January 2011, Anaconda closed the acquisition of the 40 percent interest in Pine Cove not previously owned by Anaconda from New Island. 2012-2015: Anaconda Mining Incorporated through staking and option agreements with Tenacity Gold Mining, Fair Haven Resources, 1512513 Alberta Limited, Seaside Realty and several local prospectors acquired exploration rights to over 6,000 hectares covering most of the Ming’s Bight Peninsula. Anaconda has carried out reconnaissance soil surveys and prospecting as a follow-up to historic exploration data. By 2015, the company completed diamond-drill programs at Pine Cove, Romeo and Juliet and both Deer Cove and Stog’er Tight. The company also carried out a trenching program north of Stog’er Tight and northwest of Ming’s Bight. This program exposed significant gold mineralization associated with strongly altered gabbro, referred to as the Argyle Zone, northwest of Ming’s Bight. Follow-up work is planned for 2015. 6.0 Geological Setting and Mineralization The Point Rousse Peninsula is underlain by the ophiolitic Cambro-Ordovician Point Rousse Complex and volcanic/volcaniclastic rocks, and fine grained mafic intrusive rocks that form its cover sequence. The Point Rousse Complex formed within the Iapetus Ocean which was destroyed during the Taconic Orogeny approximately 480-460 million years ago. This orogeny, along with subsequent tectonic events, lay the groundwork for the formation of “Orogenic Gold” type deposits which are analogous with the Mother Lode gold deposits of California. These deposits form as a result of deformation and metamorphism related to orogeny or mountain building events. The gold is often associated with quartz veining, disseminated pyrite and intense alteration of the host rocks to an assemblage of Fe-carbonate, sericite and silica. Pine Cove, discovered in the late-1980s by local geologist Charlie Dearin, is an example of this type of deposit. As of March, 2010 the Pine Cove Mine had a NI 43-101 indicated mineral resource estimate of 2.635 MT grading 2.93 g/t Au and a inferred resource of 0.254 MT grading 2.11 g/t Au. Regional Geological Setting The island of Newfoundland forms part of the extensive Paleozoic Appalachian-Caledonian Orogenic Belt which records the destruction of the Paleozoic Iapetus Ocean. The orogenic belt is subdivided into Humber, Dunnage, Gander and Avalon tectonostratigraphic zonal subdivisions (Williams, 1979; Williams et al., 1988; Figure 2). The Baie Verte Peninsula occupies portions of both the Humber and Dunnage zones. The Humber Zone represents the passive eastern continental margin of Paleozoic North America and

13

it comprises self-facies carbonate and siliciclastic rocks deposited upon crystalline Precambrian basement. The Dunnage Zone is often referred to as the vestiges of Iapetus as it contains sequences of ophiolitic and volcanic, volcaniclastic and sedimentary rocks of island arc and back-arc origins. These two zones form contrasting and distinct structural and lithic belts which are separated by a major arcuate, structural zone known as the Baie Verte Line (Hibbard, 1983). Rocks to the west of the Baie Verte Line belong to the Fleur de Lys Belt. This belt is part of the Humber Zone and comprises a sequence of polydeformed Neoproterozoic to Lower Ordovician schists and gneisses. The rocks lying to the east of the Baie Verte Line belong to the Baie Verte Belt. This belt is comprised of four main lithic elements: i) Cambro-Ordovician ophiolitic sequences of the Advocate, Point Rousse and Betts Cove complexes and the Pacquet Harbour Group; ii) Ordovician volcanic cover sequences of the Flat Water Pond and Snooks Arm groups and parts of the Advocate and Point Rousse complexes and the Pacquet Harbour Group; iii) Silurian terrestrial volcanic and sedimentary rocks of the Micmac Lake and Cape St. John groups and the Kings Point Complex, which unconformably overlie the Ordovician sequences; and iv) Siluro-Devonian intrusive rocks (e.g. the Burlington Granodiorite, Kings Point Complex, Dunamagon Granite and the Cape Brule Porphyry). The Cambro-Ordovician sequences represent the vestiges of Iapetus and are interpreted to have formed in supra-subduction zone ophiolitic and primitive island-arc environments (Jenner and Fryer, 1980, Swinden, 1991, Piercey et al., 1997, and Bédard et al., 1997). Regional Deformation Hibbard (1983) defined the Baie Verte Line as a tectonic zone, which separates the Fleur de Lys and Baie Verte belts, considered to be the early Paleozoic continent-ocean interface or suture. Regionally all pre-Carboniferous lithologies and structures on the Baie Verte Peninsula, including the Baie Verte Line, are folded around a major structure referred to as the Baie Verte Flexure (Hibbard, 1983). Structural and lithological trends vary from north-northeast, south of Baie Verte, to east-west, east of Baie Verte. This flexure is interpreted to be a primordial feature which reflected the shape of the ancient Laurentian continental margin. The Baie Verte Line exhibits a protracted history of deformation. Initial movement along the line was the result of westward directed thrusting (obduction) of the Baie Verte ophiolitic rocks over the Fleur de Lys Belt in the Ordovician. Subsequent Siluro-Devonian deformation centred on the Baie Verte Line and served to accentuate the structural zone. South of Baie Verte a system of late faults, which collectively form the Baie Verte Road Fault system (Hibbard, 1983), follow the trace of the Baie Verte Line. These younger faults typically exhibit reverse, west-over-east polarities. This reversal in structural polarity produced much of the deformation observed within the Baie Verte Belt. Regionally the belt has been metamorphosed up to the lower greenschist

14

facies and the rocks typically display a single penetrative fabric. Strike-slip movements related to Carboniferous deformation may have further modified the various faults, in particular the Baie Verte Road Fault System (Hibbard, 1983; Goodwin and Williams, 1990). Local Geological Setting and Deformation The Ming’s Bight Peninsula is underlain by rocks of the Ordovician Point Rousse Complex (Figure 3). The Point Rousse Complex comprises a dismembered ophiolite sequence conformably overlain by a mafic volcanic–volcaniclastic cover sequence (Hibbard, 1983). The ophiolitic Point Rousse Complex consists of harzburgite, boninitic ultramafic cumulates, pyroxenite, anorthositic gabbro and thin segregations of trondhjemite (Skulski et. al., 2010). The trondhjemite has a U-Pb zircon age of 489 Ma. The sheeted dyke sequences contain abundant low-Ti boninite dykes, however, boninite is rare. The sheeted dykes are cut by late diabase dykes of island-arc tholeiitic basalt affinity. The cover sequence consists of a lower banded magnetite and jasper iron formation referred to as the Goldenville Horizon. Mafic tuffs and high–Ti tholeiitic basalts overlie the iron formation. These in turn are overlain by calc-alkaline basalt, clinopyroxene-phyric tuff and tuff breccia, and mafic epiclastic wackes and conglomerates capped by iron formation. These rocks are then overlain by high-Ti tholeiitic basalts, followed by mafic epiclastic and volcaniclastic rocks and a sequence of tholeiitic basalt. Most of these units have been correlated with rocks of the Betts Cove Complex and Snooks Arm Group (Skulski et. al., 2010). The Point Rousse Complex is disposed in a broad, generally east-trending, structurally modified synclinorium. Ophiolitic plutonic rocks occupy zones north and south of the cover sequence which is exposed in the core of the syncline (Hibbard, 1983). The ophiolitic components are confined to structural blocks bounded by high angle and thrust faults which dip moderately to the northwest. The rocks of the Point Rousse Complex have been affected by at least four phases of regional deformation (Castonguay et. al., 2009). D1 fabrics are rare in the Point Rousse Complex and best preserved in rocks of the Fleur de Lys Belt and are thought to represent obduction during the Taconic Orogeny. D2 represents the main tectonometamorphic event in the Point Rousse Complex. D2 fabrics are associated with and mostly parallel west-trending south directed reverse faults culminating with the Scrape fault (Scrape Thrust) a ductile shear zone that juxtaposes the Point Rousse Complex over moderately to steeply north dipping polymetamorphosed and deformed mafic and intermediate volcanic rocks of the Pacquet Harbour Group. The D2 event is thought to be related to transpression and crustal thickening during the Silurian Salinic Orogeny. South-southeast to south-trending transverse faults dissect the west-trending thrust and reverse faults and may represent lateral ramps or tear faults.

15

Figure 2. Tectonostratigraphic map of Newfoundland (Hayes, 1987).

16

Figure 3. Simplified geology map of the Ming's Bight Peninsula.

17

D3 features in the Point Rousse Complex comprise a locally developed crenulation cleavage which cuts S2. The crenulation cleavage, which is steeper and developed subparallel to S2 is associated with asymmetric folds and kink-bands. Several D3 high strain zones probably reactivated D2 thrusts and reverse faults as extensional faults. D4 deformation is characterized by undulating to open, upright F4 crossfolds with subvertical fracture or weakly developed crenulation axial-planar cleavage. Deposit Types Altered wall rock-hosted and quartz-vein hosted styles are the main styles of gold mineralization recognized within the study area (Evans, 1996). Both styles are typical of orogenic gold mineralization. The altered wall rock gold mineralization has been the source of most of the gold mined on the Ming’s Bight Peninsula. It is mainly developed in Fe-Ti-rich mafic volcanic or mafic intrusive sequences. It is characterized by a distinctive, but generally narrow alteration assemblage dominated by Fe-carbonate, chlorite, +/- albite. Gold is typically found in the most altered and deformed sections of the alteration zone. It is spatially associated with quartz-carbonate,+/-albite veining, but is generally hosted by coarse pyrite either disseminated in the altered wall rock or marginal to the veining, The best examples are Pine Cove and Stog’er Tight. The vein-hosted mineralization can be subdivided, based on gangue mineralogy, into: 1) quartz veins containing free gold (Romeo and Juliet), 2) quartz-pyrite veins (Deer Cove) and 3) base-metal rich quartz veins (Penny Cove); economic concentrations of gold are generally restricted to the vein. 7.0 Exploration Program Anaconda Mining Incorporated is focused upon building its gold resources in Newfoundland. The company has embarked upon a three pronged exploration program which includes: 1) a regional exploration component covering the mining leases and mineral exploration licences acquired through staking or option agreements; 2) evaluating known gold prospects as sources of incremental feed for the Pine Cove mill; and 3) exploration immediately adjacent to the Pine Cove deposit. In 2012, after a review of historic exploration data it was revealed that a significant portion of the western part of Licence 020060M had not been covered by soil geochemical surveys. A reconnaissance soil survey was carried out and several sites with elevated gold were identified. However, the soil data was not followed up until late fall 2014 when Anaconda commenced a trenching program to test the anomalies. Two trenches 11 and 12 (Figure 1) were excavated on

18

Figure 4. Sample location map, Trench 12, Froude Option.

19

Licence 020060M, but due to early freeze-up and snow only Trench 11 was washed and sampled (Figure 4). Sample data and assay certificates are appended. Exploration expenditures for the licence totaled $19,828.69 (Table 2). 8.0 Results and Recommendations Two trenches were excavated on the licence. Channel 11 was neither washed nor sampled due to weather conditions. Trench 12 exposed deformed and Fe-carbonatized and pyritized gabbro. The trench was washed and a total of 78 channel samples were collected. A 11 m section of the trench assayed 1.31 g/t Au. A summary of assay results is presented in Table 3 below. Six grab samples were also collected from along the access trail, but none returned significant assay results. Follow-up is planned for 2015 including additional prospecting and expansion of existing trenches. It is recommended that a ground magnetic survey be carried out over the property in advance of diamond-drilling.

Sample_ID Au g/t Width Sample_ID Au g/t Width 151909 0.74 0.5 151933 0.46 0.5 151917 8.7 0.5 151934 0.48 0.5 151922 0.99 0.5 151935 1.8 0.5 151923 0.57 0.5 151936 2.19 0.5 151924 2.21 0.5 151937 0.57 0.5 151927 0.98 0.5 151938 2.4 0.5 151928 1.13 0.5 151939 2.33 0.5 151929 0.36 0.5 151941 1.36 0.5 151930 0.26 0.5 151942 0.28 0.5 151931 2.95 0.5 151949 1.03 0.5

Table 2. Channel sample highlights, Trench 12. David Evans M.Sc. P.Geo. Consulting Geologist Silvertip Exploration Consultants Incorporated Aug. 17, 2015

20

Exploration Expenditures Licence 020060M Wages: # of Days Total Nic Capps (St. John’s) 3 Brian Rowsell (Miles Cove) 3 Cecil Barrett (Benton) 6 Spencer Vatcher (CBS) 1.5 Dave Evans (Grand Falls-Windsor) 7 Paul McNeill (St. John’s) 2 Total 22.5 10,487.50 Accommodation/Meals/Supplies: Meals $562.50 Truck Rental - 4 Truck $540.00 Accommodations $580.00 Total $1,682.50

Analysis: Au 84x $26 Total $2,184.00 Trenching/Access $2,888.34 Total 17,242.34 Grand Total Admin 15% $2,586.35 Grand Total $19,828.69

Table 3. Exploration expenditure summary, Licence 020060M.

21

9.0 References Baird, D.M. 1945: Geology and mineral deposits of the Ming’s Bight – Pacquet Harbour area. Barbour, D.M. and French, V.A. 1993: Geology and gold mineralization of the Glover Island property, western Newfoundland. In Ore Horizons, Volume Two. Edited by A. Hogan and H.S. Swinden. Department of Mines and Energy, Geological Survey Branch, pages 101-117. Bédard, J.H., Lauzière, K., Sangster, A., and Boisvert, É. 1997: Geological map of the Betts Cove Ophiolitic Massif and its Cover Rocks. Geological Survey of Canada Open File Preliminary Map 3271. Bradley, P. 1999: Thirteenth year assessment report Stog’er Tight property, extended licence number 4078, winter – 1999 diamond drilling program. Unpublished report, Ming Minerals Incorporated. Calon, T.J. and Weick, J 1990: Structural study on the Pine Cove Deposit area. Structural evolution of the Pine Cove gold deposit, preliminary report of a detailed structural analysis on behalf of Corona Corporation. Included in an unpublished report, Corona Corporation. Cawood, P.A. and van Gool, J.A.M. 1993: Stratigraphic and structural relations within the western Dunnage Zone, Glover Island region, western Newfoundland. In Current Research, Part D. Geological Survey of Canada, Paper 93-1D, pages 29-37. Castonguay, S., Skulski, T., van Staal, C., Currie, M. 2009: New insights on the structural geology of the Pacquet Harbour Group and Point Rousse Complex, Baie Verte Peninsula, Newfoundland. In Current research Newfoundland and Labrador Department of Natural Resources, Geological Survey, Report 09-1, pages 147-158. Christie, B.J. and Dearin, C. 1987: Geological report on phase one and recommended phase two exploration programs for the Ming’s Bight claim group, Baie Verte Peninsula, Newfoundland. Unpublished report, Varna Resources Incorporated. Copeland, D.A. 2010: 4th year assessment report on prospecting on licence 17164M, Maritec Property, Baie Verte Peninsula, Ming’s Bight area, central Newfoundland and Labrador NTS 12I/01 and 12H/16. Unpublished report, Paragon Minerals Corporation.

22

Dearin, C. 2003: First year assessment report: digital geochemical, geophysical and geological compilation Deer Cove gold project, Baie Verte, Newfoundland, Map Staked Licences: 8014M, 8853M, 9037M, 9058M and 9059M. Unpublished report, Fortis GeoServices Limited. 2007: First year assessment report (digital compilation; geology, HMC streams, soils and magnetic) Ming’s Bight-Stog’er Tight gold project, Baie Verte area, Newfoundland. Map staked licences 8853M, 11503M, 11505M, 12241M, 12433M, and Mining Lease Number 193. Unpublished report, South Coast Ventures Incorporated. de Geoffrey, J. 1962: Goldenville property, Ming’s Bight area, Newfoundland. Unpublished geological map, M.J. Boylen Engineering Offices. Downton, D. 2009: Third year assessment report on digital compilations of historic data on licences 11573M, 11576M and 11898M, Maritec Property Baie Verte Peninsula, Ming’s Bight area, central Newfoundland and Labrador NTS 12I/01 and 12H/16. Unpublished report, Paragon Minerals Corporation. Dimmell, P. 1981: Second year assessment report geophysical and surface work on Project 340 – Ming’s Bight area, Claim Block 1472, Licence 1436, NTS 12H/16. Unpublished report, Noranda Exploration Company Limited. 2001: Year 2000/2001 (16th Year) assessment report, compilation and diamond drilling on the Pine Cove Property licence 2663, Mining Lease 149 (2663), UTM 5533500N 56600E, Baie Verte, Newfoundland, NTS 12H/16. Unpublished report New Island Resources Incorporated. Dimmell, P. and Hartley, C. 1991: 1990 assessment report (sixth year work) geology, geochemistry, geophysics, trenching and diamond drilling on the Project 7432, Varna Option Property, Baie Verte, Newfoundland, N.T.S. 12 H/16, Claim Blocks 4259, 4260, 4265, 4266, Extended Licence 2663. Unpublished report Corona Corporation. Dubé, B. Lauziere, K. and Paulsen, H.K. 1993: The Deer Cove deposit: an example of “thrust”-related breccia-vein type gold mineralization in the Baie Verte Peninsula, Newfoundland. In Current Research, Part D. Geological Survey of Canada, Paper 93-1D, pages 1-10. Duncan, D.R. and Graves, R.M. 1992: 1992 assessment report (7th year work) geology and diamond drilling on the Pine Cove property Baie Verte Peninsula, Newfoundland N.T.S. 12 H/16 Claim Blocks 4259, 4260, 4265, 4266 Extended Licence 2663. Unpublished report NovaGold Resources Incorporated.

23

Escayola, M.P., Proenza, J.A., van Staal, C., Rogers, N., and Skulski, T. 2009: The Point Rousse listvenites, Baie Verte, Newfoundland: Altered ultramafic rocks with potential for gold mineralization? In Current research Newfoundland and Labrador Department of Natural Resources, Geological Survey, Report 09-1, pages 1-12. Evans, D.T.W. 1996: Epigenetic gold occurrences, Baie Verte Peninsula, (NTS 12H/09,16 and 12I/01), Newfoundland. Mineral Resource Report 11, Geological Survey, Department of Natural Resources, 157 pages. 2013: Exploration Summary Report, Anaconda Mining Inc. Mining Leases 149(2663) and 189(11299M) Baie Verte Peninsula, Newfoundland, NTS 12H/16. Unpublished report, Anaconda Mining Incorporated. Ferguson, D.W. 1988: Second year assessment report on geochemical and geophysical exploration for the Ming’s Bight project for licence 2663 on claim blocks 4259-4260 and 4265-4266 in the Pine Cove, Trimms Brook, Three Corner Pond and Scrape Pond areas on the Baie Verte Peninsula, Newfoundland. Unpublished report. Varna Gold Incorporated and South Coast Resources Incorporated. Fitzpatrick, D.S. 1981: Geology and mineral potential of upper ophiolitic rocks near Ming’s Bight, Burlington Peninsula, Newfoundland. Unpublished B.Sc. thesis, Memorial University of Newfoundland, St. John’s, Newfoundland, Canada, 90 pages. Frew, A.M. 1971: Petrographic and geochemical comparison of two gold-mineralized zones. Ming’s Bight area, White Bay, Newfoundland. Unpublished B.Sc. thesis, Memorial University of Newfoundland, St. John’s, Newfoundland, Canada, 35 pages. 1999: Year fourteen supplementary assessment report, diamond drilling, Gillard Pond property, claim block 3589 – licence number 2405, NTS 12H/16. Unpublished report, First Labrador Acquisitions Incorporated. Goodwin, L.B. and Williams, P.F. 1990: Strike-slip motion along the Baie Verte Line, Newfoundland. Atlantic Geoscience Society, Colloquium, 1990, Program with Abstracts, page 13. Government of Newfoundland and Labrador Department of Mines and Energy 1994: Call for proposals Exempt Mineral Land Ming’s Bight Area, Baie Verte Peninsula.Unpublished report Government of Newfoundland and Labrador, Department of Mines and Energy, 20 pages. 1999: Call for proposals Exempt Mineral Land, the Deer Cove gold/talc property, Baie Verte Peninsula, Newfoundland. Unpublished report, Government of Newfoundland and Labrador, Department of Mines and Energy, 20 pages.

24

Gower, D. 1987: Maritec Option, NTS 12H/16, Licence # 2471, C.B. 3668. Report on geochemical surveys and prospecting. Unpublished report, Noranda Exploration Company Limited. 1988: Fourth year assessment report on underground exploration, diamond drilling, trenching, geological mapping, geophysical and geochemical surveys. Licence 3435 Deer Cove/Devils Cove Claim Group, NTS 12I/1, 12H/16. Unpublished report, Noranda Exploration Company Limited. Gower, D., Graves, G., Walker, S. and MacInnis, D. 1990: Lode gold mineralization at Deer Cove, Point Rousse Complex, Baie Verte Peninsula. In Metallogenic framework of base and precious metal deposits, central and western Newfoundland. Edited by H.S. Swinden, D.T.W. Evans, and B.F. Kean. Eighth IAGOD Symposium Field Trip Guidebook. Geological Survey of Canada, Open File 2156, pages 165-172. Graves, G. 1986: Second year assessment report on trenching Licence 2463, Devil’s Cove Claim Group, NTS 12I/1, 12H/16, Project No. 4190. Unpublished report, Noranda Exploration Company Limited. Harland, W.B. and Gayer, R.A. 1972; The Arctic Caledonides and earlier oceans. Geological Magazine, Volume 109, pages 289-314. Hayes, J.P. 1987: Unpublished geology map of Newfoundland. Newfoundland Department of Mines and Energy, Mineral Development Division. Hibbard, J.P. 1983: Geology of the Baie Verte Peninsula, Newfoundland. Newfoundland Department of Mines and Energy, Mineral Development Division, Memoir 2, 279 pages. Hibbard, J.P., St-Julien, P. and Trzcienski, W.E., Jr. 1995: Humber Zone internal. In Chapter 3 of Geology of the Appalachian-Caledonian Orogen in Canada and Greenland. Edited by H. Williams. Geological Survey of Canada, No. 6, pages 114-139. Hinchey, J. 1980: Report on the Goldenville Property, Bishop and Harvey Fee Simple, Volume 1, Folio 77, Ming’s Bight, Burlington Peninsula, northwestern Newfoundland. NTS 12H/16. Unpublished report, Falconbridge Nickel Mines Limited. Howse, A.F. and Collins, C.J. 1978: Evaluation of the Barry and Cunningham Crown property, Ming’s Bight: Internal report, Government of Newfoundland and Labrador, Department of Mines and Energy. Huard, A.A. 1988a: Second year assessment report; geological, geochemical and geophysical, Licence 2778 Bradley-Impala Option NTS 12H/16. Unpublished report, Noranda Exploration Company.

25

1988b: Report on diamond drilling Licence 2778 - second year supplementary report Bradley-Impala Option NTS 12H/16. Unpublished report, Noranda Exploration Company Limited. 1989: Third year assessment report geological, geochemical, geophysical, trenching and diamond drilling, Licence 2778, Bradley North Property, NTS 12H/16. Unpublished report, Noranda Exploration Company Limited. 1990: Fourth year assessment report, Licence 2778 and first year assessment report, Licences 3751 and 3752. Geological, geochemical, geophysical, trenching and diamond drilling, Bradley North Property, NTS 12H/16. Unpublished report, Noranda Exploration Company Limited. Jenner, G.A. and Fryer, B.J. 1980: Geochemistry of the upper Snooks Arm Group basalts, Burlington Peninsula, Newfoundland: evidence against formation in an island arc. Canadian Journal of Earth Sciences, volume 17, pages 888-900. Jourdain, V. and Oravee, K. 1996: Geological compilation and assessment of exploration 1996 Goldenville-east property, Baie Verte Peninsula, Newfoundland. Unpublished report, Noveder Incorporated. Kidd, W.S.F. 1974: The evolution of the Baie Verte lineament, Burlington Peninsula, Newfoundland. Unpublished Ph.D. thesis, Cambridge University, England. 294 pages. Kidd, W.S.F., Dewey, J.F. and Bird, J.M. 1978: The Ming’s Bight Ophiolite Complex: Appalachian oceanic crust and mantle. Canadian Journal of Earth Sciences, Volume 15 pages 781-804. Kirkwood, D. and Dubé, B. 1992: Structural control of sill-hosted gold mineralization: the Stog’er Tight Gold Deposit, In Current Research, Part D. Geological Survey of Canada, Report 92-1D, pages 211-221. Larcey, P. 1998: First year assessment report on the Triassic Properties Limited Pumbly Point property Baie Verte area, north central Newfoundland 12H/16 licence 5277M. Unpublished report, Triassic Properties Limited. Martin, W. 1983: Once Upon a Mine: Story of Pre-Confederation Mines on the Island of Newfoundland. Canadian Institute of Mining and Metallurgy, Special Volume 26, 98 pages. McBride, D.E. 1987: Report on the exploration program on the Ming’s Bight west property for 1896, Licence 2335, Claim Block 3373. Unpublished report, Cuvier Mines Incorporated.

26

Murray, A. and Howley, J.P. 1881: Geological Survey of Newfoundland. Edward Stanford, London, 536 pages. Neale, E.R.W. 1958: Baie Verte, White Bay and Green Bay Districts, Newfoundland. Geological Survey of Canada, Map 10 -1958. Norman, R.E. 1973: Geology and petrochemistry of ophiolitic rocks of the Baie Verte Group exposed at Ming’s Bight, Newfoundland. Unpublished M.Sc. thesis, Memorial University of Newfoundland, St. John’s, Newfoundland, Canada. 103 pages. O’Donnell, A.J. 1987: Geochemical - geophysical survey on Fee Simple Grant Bishop and Harvey and Claim 125 Lewis Murphy, Ming’s Bight area, Newfoundland, NTS 12H/16. Unpublished report, Granges Exploration Limited. 1988a: Detail Geochemical surveying and diamond drilling on CB 3589, Lic. No. 2405, Ming’s Bight area, Newfoundland, NTS 12 H/16, May 1987 to December 1987. Unpublished report, Granges Exploration Limited. 1988b: Report on geochemical surveying and prospecting plus diamond drilling on the Bishop and Harvey Fee Simple Grant and Claim 125, Ming’s Bight area, Newfoundland, April 26, 1987 to February 3, 1988. Unpublished report, Granges Exploration Limited, Ovens, G.D. and McBride, D.E. 1988: Geological, geochemical and geophysical surveys and diamond drilling in the Ming’s Bight West area, north central Newfoundland, Claim Block 3373, Licence 2335, NTS 12H/16. Unpublished report, Cuvier Mines Incorporated. Patey, K.S. 1990: Lode gold mineralization at Deer Cove, Baie Verte Peninsula, Newfoundland. Unpublished B.Sc. thesis, Memorial University of Newfoundland, St. John’s, Newfoundland, Canada, 96 pages. Pickett, J.W. 1985a: Geological, prospecting and geochemical surveys in the Ming’s Bight west area, north-central Newfoundland. Claim Block 3373, Licence number 2335, NTS 12H/16. Unpublished report, Golden Hind Ventures Limited. 1985b: Geological, geochemical and geophysical surveys, Ming’s Bight East Property, Claim Block 3668, Licence Number 2471, NTS 12H/16. Unpublished report, Golden Hind Ventures Limited.

27

Piercey, S.J., Jenner, G.A., and Wilton, D.H.C. 1997: The stratigraphy and geochemistry of the southern Pacquet Harbour Group, Baie Verte Peninsula, Newfoundland: Implications for mineral exploration. In Current Research, Newfoundland Department of Mines and Energy, Geological Survey, Report 97-1, pages 119-139. Pilgrim, L. 2001: Second year assessment report on diamond drilling, prospecting and soil sampling on the Deer Cove property, licence 6696M, Ming’s Bight Peninsula, NTS 12H/16 and 12I/01, northeastern Newfoundland. Unpublished report, Canaco Resources Limited. Pollard, D. 1994: First year assessment report diamond drilling, trenching and prospecting, Licence #4406, Big Bear Property, 12H/16. Unpublished report, Seaside Realty Limited. Ramezani, J. 1992: The geology, geochemistry and U-Pb geochronology of the Stog’er Tight Gold Prospect Baie Verte Peninsula, Newfoundland. Unpublished M.Sc. thesis Memorial University of Newfoundland, St. John’s, Newfoundland, Canada, 256 pages. Regular, K. 2004: First year assessment report, prospecting and diamond drilling on the Gillard Pond property, Ming’s Bight area, Newfoundland, licence number 8483M, NTS 12H/16. Unpublished report, Seaside Realty Limited. 2005: Eleventh year assessment report on the Big Bear Property Ming’s Bight area, Newfoundland, licence number 10238M, NTS 12H/16. Unpublished report, Seaside Realty Limited. Rose, E.R. 1945: Geology of the Ming’s Bight Area, Newfoundland. M.Sc. Thesis, Queens University, Kingston. Sheppard, B. 1984: Magnetometer and VLF EM-16 geophysical surveys, Mineral Claim Block 3373, Licence 2335, Ming’s Bight area, Newfoundland, NTS 12-H-16. Unpublished report, Golden Hind Ventures Limited. Skulski, T., Castonguay, S., McNicoll, V., van Stall, C., Kidd, W., Rogers, N., Morris, W., Ugalde, H., Slavinski, H., Spicer, W., Moussallam, Y., and Kerr, I. 2010: Tectonostratigraphy of the Baie Verte oceanic tract and its ophiolitic cover sequence on the Baie Verte Peninsula. In Current research Newfoundland and Labrador Department of Natural Resources, Geological Survey, Report 10-1, pages 315-335. Snelgrove, A.K. 1935: Geology of gold deposits of Newfoundland. Geological Survey of Newfoundland, Bulletin No. 2, 45 pages.

28

Swinden, H.S. 1991: Paleotectonic settings of volcanogenic massive sulphide deposits in the Dunnage Zone, Newfoundland Appalachians. CIM Bulletin, February, 1991, pages 59-69. Tuach, J. 1989: Summary report Goldenville Property, Bishop and Harvey Fee Simple Grant, Volume 1, Folio 99, Ming’s Bight area, Newfoundland. Unpublished report Harvey and Company Limited, Tuach, J. and Collins, M.J. 1974: Report on exploration – Barry and Cunningham. Unpublished report, Consolidated Rambler Mines Limited. Watson, K. de P. 1947: Geology and mineral deposits of the Baie Verte – Ming’s Bight area, Bulletin No. 21, Geological Survey of Newfoundland. Wells, S. 1989: Fifth year assessment report on the Noranda – Maritec Option, Ming’s Bight, Newfoundland. Prospecting, geology, geochemistry and geophysics. Licence 2471, 12H/16. Unpublished report, Noranda Exploration Company Limited. Williams, H. 1964: The Appalachians in Newfoundland – a two-sided symmetrical system. American Journal of Science, Volume 262, pages. 1137-1158. 1979: Appalachian Orogen in Canada. Canadian Journal of Earth Sciences, Volume 16, pages 792-807. Williams, H., Colman-Sadd, S.P. and Swinden, H.S. 1988: Tectonic-stratigraphic subdivisions of central Newfoundland. In Current Research, Part B: Geological Survey Canada, Paper 88-1B, pages 91-98. Williams, H., Hibbard, J. and Bursnall, J. 1977: Geological setting of asbestos-bearing ultramafic rocks along the Baie Verte Lineament, Newfoundland. Geological Survey of Canada, Paper 77-1A, pages 351-360.

29

Appendix I Sample Data and Assay Certificates

30

Sample UTME UTMN Elevation Au g/t Type Width Trench Certificate Licence 151959 567584.81 5536211.5 155.331 0.01 Grab MW 595-1408430 020060M 151969 567553.08 5536291.02 150.579 0.04 Grab MW 595-1408430 020060M 151970 567552.88 5536291.03 150.546 0.01 Grab MW 595-1408430 012433M 151973 567585.91 5536198.4 152.952 0.01 Grab MW12 595-1408431 012433M 151974 567586.34 5536199.08 153.547 0.01 Grab MW12 595-1408431 012433M 151976 567586.75 5536199.62 154.149 0.01 Grab MW12 595-1408431 012433M 151878 567557.37 5536154.71 152.956 0.01 Channel 0.5 MW12 595-1408431 020060M 151879 567557.55 5536155.19 152.958 0.01 Channel 0.5 MW12 595-1408431 020060M 151880 567557.77 5536155.6 153.071 0.01 Channel 0.5 MW12 595-1408431 020060M 151881 567558.12 5536155.95 153.016 0.01 Channel 0.5 MW12 595-1408431 020060M 151882 567557.98 5536156.65 152.886 0.03 Channel 0.5 MW12 595-1408431 020060M 151883 567558.15 5536157.04 152.934 0.01 Channel 0.5 MW12 595-1408431 020060M 151884 567558.46 5536157.51 153.183 0.09 Channel 0.5 MW12 595-1408431 020060M 151885 567558.68 5536157.81 153.389 0.02 Channel 0.5 MW12 595-1408431 020060M 151886 567558.93 5536158.18 153.722 0.01 Channel 0.5 MW12 595-1408431 020060M 151887 567559.28 5536158.69 153.923 0.02 Channel 0.5 MW12 595-1408431 020060M 151888 567559.45 5536159.02 154.041 0.01 Channel 0.5 MW12 595-1408431 020060M 151889 567560.85 5536161.95 154.071 0.1 Channel 0.5 MW12 595-1408431 020060M 151890 567561.07 5536162.45 154.116 0.08 Channel 0.5 MW12 595-1408431 020060M 151891 567561.33 5536162.82 154.295 0.05 Channel 0.5 MW12 595-1408431 020060M 151892 567561.49 5536163.2 154.53 0.03 Channel 0.5 MW12 595-1408431 020060M 151893 567561.79 5536163.53 154.598 0.01 Channel 0.5 MW12 595-1408431 020060M 151894 567562.06 5536163.93 154.677 0.01 Channel 0.5 MW12 595-1408431 020060M 151895 567562.32 5536164.4 154.831 0.01 Channel 0.5 MW12 595-1408431 020060M 151896 567562.54 5536164.77 155.034 0.01 Channel 0.5 MW12 595-1408431 020060M 151897 567562.7 5536165.14 155.255 0.01 Channel 0.5 MW12 595-1408431 020060M

31

151898 567562.89 5536165.65 155.432 0.01 Channel 0.5 MW12 595-1408431 020060M 151899 567562.98 5536166.1 155.574 0.01 Channel 0.5 MW12 595-1408431 020060M 151901 567563.06 5536166.64 155.634 0.01 Channel 0.5 MW12 595-1408431 020060M 151902 567563.16 5536167.01 155.725 0.01 Channel 0.5 MW12 595-1408431 020060M 151903 567563.42 5536167.46 155.797 0.01 Channel 0.5 MW12 595-1408431 020060M 151904 567563.78 5536167.9 155.859 0.01 Channel 0.5 MW12 595-1408431 020060M 151905 567564.07 5536168.28 155.887 0.01 Channel 0.5 MW12 595-1408431 020060M 151906 567564.3 5536168.7 155.79 0.01 Channel 0.5 MW12 595-1408431 020060M 151907 567564.42 5536169.14 155.676 0.01 Channel 0.5 MW12 595-1408431 020060M 151908 567564.61 5536169.55 155.534 0.01 Channel 0.5 MW12 595-1408431 020060M 151909 567564.84 5536169.9 155.466 0.74 Channel 0.5 MW12 595-1408431 020060M 151910 567565.54 5536170.13 155.448 0.01 Channel 0.5 MW12 595-1408431 020060M 151911 567565.92 5536170.43 155.468 0.01 Channel 0.5 MW12 595-1408431 020060M 151912 567566.25 5536170.73 155.402 0.01 Channel 0.5 MW12 595-1408431 020060M 151913 567566.4 5536171.22 155.323 0.01 Channel 0.5 MW12 595-1408431 020060M 151914 567566.16 5536171.82 155.269 0.01 Channel 0.5 MW12 595-1408431 020060M 151915 567565.88 5536172.33 155.232 0.01 Channel 0.5 MW12 595-1408431 020060M 151916 567566.14 5536172.74 155.292 0.04 Channel 0.5 MW12 595-1408431 020060M 151917 567566.31 5536173.17 155.233 8.7 Channel 0.5 MW12 595-1408431 020060M 151918 567566.6 5536173.54 155.115 0.01 Channel 0.5 MW12 595-1408431 020060M 151919 567566.85 5536173.95 154.98 0.04 Channel 0.5 MW12 595-1408431 020060M 151920 567567.13 5536174.39 154.901 0.16 Channel 0.5 MW12 595-1408431 020060M 151921 567567.4 5536174.73 154.783 0.05 Channel 0.5 MW12 595-1408431 020060M 151922 567567.72 5536175.1 154.662 0.99 Channel 0.5 MW12 595-1408431 020060M 151923 567567.95 5536175.49 154.516 0.57 Channel 0.5 MW12 595-1408431 020060M 151924 567568.26 5536175.87 154.455 2.21 Channel 0.5 MW12 595-1408431 020060M 151926 567568.51 5536176.4 154.444 0.06 Channel 0.5 MW12 595-1408431 020060M 151927 567568.72 5536176.81 154.348 0.98 Channel 0.5 MW12 595-1408431 020060M 151928 567569.01 5536177.29 154.262 1.13 Channel 0.5 MW12 595-1408431 020060M 151929 567569.54 5536177.45 154.507 0.36 Channel 0.5 MW12 595-1408431 020060M

32

151930 567569.7 5536177.97 154.408 0.26 Channel 0.5 MW12 595-1408431 020060M 151931 567569.94 5536178.35 154.303 2.95 Channel 0.5 MW12 595-1408431 020060M 151932 567570.13 5536178.67 154.045 0.08 Channel 0.5 MW12 595-1408431 020060M 151933 567570.39 5536179.08 153.745 0.46 Channel 0.5 MW12 595-1408431 020060M 151934 567570.77 5536179.44 153.584 0.48 Channel 0.5 MW12 595-1408431 020060M 151935 567571.07 5536179.76 153.436 1.8 Channel 0.5 MW12 595-1408431 020060M 151936 567571.27 5536180.19 153.377 2.19 Channel 0.5 MW12 595-1408431 020060M 151937 567571.53 5536180.55 153.328 0.57 Channel 0.5 MW12 595-1408431 020060M 151938 567571.8 5536180.85 153.285 2.4 Channel 0.5 MW12 595-1408431 020060M 151939 567572.09 5536181.25 153.192 2.33 Channel 0.5 MW12 595-1408431 020060M 151940 567572.41 5536181.67 153.104 0.12 Channel 0.5 MW12 595-1408431 020060M 151941 567574.2 5536183.75 152.83 1.36 Channel 0.5 MW12 595-1408431 020060M 151942 567574.52 5536184.16 152.923 0.28 Channel 0.5 MW12 595-1408431 020060M 151943 567574.75 5536184.59 152.902 0.01 Channel 0.5 MW12 595-1408431 020060M 151944 567575.11 5536184.95 152.893 0.01 Channel 0.5 MW12 595-1408431 020060M 151945 567575.51 5536185.36 152.887 0.01 Channel 0.5 MW12 595-1408431 020060M 151946 567575.8 5536185.81 152.838 0.01 Channel 0.5 MW12 595-1408431 020060M 151947 567576.27 5536186.09 152.782 0.01 Channel 0.5 MW12 595-1408431 020060M 151948 567576.56 5536186.47 152.699 0.03 Channel 0.5 MW12 595-1408431 020060M 151949 567576.88 5536186.85 152.639 1.03 Channel 0.5 MW12 595-1408431 020060M 151951 567577.35 5536187.11 152.46 0.14 Channel 0.5 MW12 595-1408431 020060M 151952 567577.66 5536187.53 152.355 0.01 Channel 0.5 MW12 595-1408431 020060M 151953 567577.91 5536187.94 152.416 0.14 Channel 0.5 MW12 595-1408431 020060M 151954 567578.21 5536188.23 152.486 0.01 Channel 0.5 MW12 595-1408431 020060M 151955 567578.59 5536188.63 152.369 0.03 Channel 0.5 MW12 595-1408431 020060M 151956 567578.82 5536188.98 152.492 0.01 Channel 0.5 MW12 595-1408431 020060M 151957 567580.52 5536190.86 152.359 0.01 Composite MW12 595-1408430 020060M 151958 567582.11 5536193.57 152.306 0.01 Composite MW12 595-1408430 020060M

1 of 1Au Fire Assay Certificate

Client: Anaconda Mining Inc.Geologist: Tony FureyProject: PRIORITY 1 PO 5015Sample: Trenches Signed by:______________________

DskFile: 595-1408430 Results apply to samples as submitted.Email: [email protected]

DateIn: November 17, 2014 P.O. Box 187DateOut: November 18, 2014 403 Little Bay Road Springdale, NL A0J 1T0

Phone: 709-673-3909 / Fax: 709-673-3408 ISO 17025----------------------------------------------------------------------------------- -------------- -------------- -------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ----------------

SAMPLE AuNUMBER ppm

----------------------------------------------------------------------------------- -------------- -------------- -------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ----------------BLANK - Au 0.01STD - GS- 9A 9.49151959 0.01151960




DateIn: November 17, 2014 P.O. Box 187DateOut: December 02, 2014 403 Little Bay Road Springdale, NL A0J 1T0

Phone: 709-673-3909 / Fax: 709-673-3408 ISO 17025----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------

SAMPLE AuNUMBER ppm

----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------BLANK - Au 0.01STD - GS- 2M 2.06151878





Phone: 709-673-3909 / Fax: 709-673-3408 ISO 17025----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------

SAMPLE AuNUMBER ppm

----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------151908





Phone: 709-673-3909 / Fax: 709-673-3408 ISO 17025----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------

SAMPLE AuNUMBER ppm

----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------151938 2.40151939 2.33151940 0.12151941 1.36151942 0.28151943 0.01151943 DUP - P 0.01151944





Phone: 709-673-3909 / Fax: 709-673-3408 ISO 17025----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------

SAMPLE AuNUMBER ppm

----------------------- ------------------------------ ---------------------------------------------------------------------------------- --------------- --------------- --------------- ---------------------------------------------------------------151986 0.11151987 0.06151988 0.43151989 0.08151990 0.20151991 0.04151992 0.01151993 0.01151993 DUP - C 0.02BLANK - Au 0.01STD - GS- 1P5K 1.32151994

geoscience resources of newfoundland and labrador · 2019. 2. 15. · st. john’s, nl dear mr....

Documents