Status:
Active

True Grit

Central Newfoundland

Significant Drill Results

  • Historic drilling (2003) identified consistent gold mineralization across broad intervals with significant results of 0.60 g/t Au over 117.00 m, including 0.83 g/t Au over 26.00 m
  • Drilling results suggest the presence of broad zones of gold-bearing material that remain open along strike and at depth

Key Highlights

The property has extensive low-grade gold mineralization, which is open at depth and along strike.

The interpreted extension of the GRC Fault is located about 250 m southeast of the best historic drilling and trenching results​.

The property is accessible and requires no assessment work until July 2026​.

Geological Features

  • Underlain by Ordovician siliciclastic and metasedimentary rocks of the Baie D’Espoir Group​.
  • The GRC Fault, which is thought to be a significant conduit for mineralizing fluids, intersects the property.
  • The western portion of the property contains ophiolites and intrusions, offering varied geological settings​.

Historical Exploration & Results

  • 2003: Moydow Mines conducted drilling that identified broad zones of low-grade gold mineralization.
  • 2003: Cornerstone Resources' trenching revealed several gold-bearing zones, including 47 m of 0.48 g/t Au​.
  • Previous exploration identified coincident gold-arsenic-antimony soil anomalies, guiding future exploration.

Exploration Activities

  • 2021: Exploits conducted a VTEM airborne geophysical survey across the property.
  • Continued focus on utilizing geophysics to refine drill targets and identify potential extensions of known mineralized zones​.

Drill Results

Accessibility

The property is accessible via the highway and forest roads, approximately 10 km north of Bay d’Espoir, allowing easy access for exploration activities​.

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