Northeast trending structural lineaments first recognized by Sassy Resources to the immediate east are interpreted to continue onto the Property. An interpretation of the regional magnetics shows NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-fractures, which indicate a regional setting similar to that to the highly prospective eastern Exploits Subzone. Gold mineralization models along the Exploits Subzone are based on analogous structural settings to those at Fosterville in Victoria, Australia (https://exploitsdiscovery.com/projects/).
Recent exploration by Sassy Resources on their Gander North Project have returned spectacular results from soil geochemistry sampling surveys as evidenced with recent published results of 1,432 ppb Au in northeast trending zones.
The Property lies proximal to the Dog Bay-Appleton-Grub Line fault system, a crustal scale fault zone that extends from the north coast of Newfoundland 200km southwest through Gander (Figure 2) Structural corridors in the central Newfoundland are intimately associated with recent gold discoveries including the Marathon Gold’s Valentine Gold Project which hosts 6.0 million ounces of gold (https://marathon-gold.com/valentine-gold-project/). Northeast trending structural lineaments first recognized by Sassy Resources to the immediate northeast are interpreted to continue onto the Property.