Number of Claims
11
Area
2.8 km²
Ownership
100%
Nearest Town
~10 km from the town of Appleton
Nearby Discoveries
New Found Gold’s Queensway project
Status:
Active
Bullseye
Appleton Fault Zone, Central Newfoundland
Significant Drill Results
Horseshoe Zone
BE-23-001
- 8.58 g/t Au / 1.00m
- Including 14.24 g/t Au / 0.50m
BE-23-005
- 12.55 g/t Au / 3.50m
- Including 68.39 g/t Au / 0.45m
BE-23-014
- 9.84 g/t Au / 12.00m
- Including 36.75 g/t Au / 0.45m
- Including 26.98 g/t Au / 1.15m
- Including 27.48 g/t Au / 0.70m
- Including 19.22 g/t Au / 1.10m
- Including 15.97 g/t Au / 0.65m
BE-24-019
- 38.21 g/t Au / 2.80m
- Including 118.92 g/t Au / 0.85m
Saddle Zone
BE-24-013
- 35.82 g/t Au / 0.90m
- Including 78.99 g/t Au / 0.40m
BE-24-015
- 67.55 g/t Au / 3.30m
- Including 11.93 g/t Au / 0.55m
- Including 254.08 g/t Au / 0.80m
- Including 12.75 g/t Au / 0.65m
Key Highlights
Highly prospective gold target along the Appleton Fault Zone.
Over 15,000 meters of drilling completed.
Geological Features
The Bullseye property is underlain by fine sediments deposited during the closure of the Iapetus Ocean, associated with the Appleton Fault Zone. This structural zone is a key conduit for gold-bearing fluids, with numerous secondary brittle faults potentially hosting gold-enriched quartz veins.
Historical Exploration & Results
- 2023 drill program confirmed high-grade gold mineralization related to the Appleton Fault Zone.
- Previous drill holes revealed visible gold in 13 of 54 shallow exploration holes, with notable high-grade intersections.
Exploration Activities
Drill Results
Accessibility
Easily accessible via highway, located 10 kilometers from the town of Appleton, and well-connected to local infrastructure.
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