Sail Pond Project

Overview

Tap to Zoom

  • In April 2018 NFGC signed a transformative deal with Altius Minerals to acquire the Sail Pond Project
  • Unique and newly recognized high-grade silver mineralization in grab and channel samples plus copper, lead, zinc, antimony and gold
  • Two mineralized zones exposed on surface; 9 Km strike length; open to the north & south; up to 200m wide
  • Zones have never been drill tested or surveyed by modern geophysics
  • Large land position (21,675 ha) consolidated in December 2016 by Altius minerals
  • Altius 2017 program consisted of prospecting, mapping, soil sampling, trenching, structural analysis
  • Excellent logistics – Road accessible and adjacent to regional services and airport; strong community support

Historical work

Tap to Zoom

  • Aeromagnetic data was collected by the GSC during the 1950s to 1970s
  • Noranda Exploration completed soil sampling program in 1981. Resulting in anomalous areas of elevated Zn, Cu, Pb, and Ag
  • Aurion Minerals focused on white marble potential during 1987-1990
  • Eagle Ridge Minerals conducted Airborne Mag and VTEM in 2009, flown by Geotech Ltd. VTEM identified 15 anomalous electromagnetic responses, 4 labeled as high priority targets
  • Canada Bay resources conducted channel sampling in 2011, resulting in grabs of 1.015% to 13.75% Cu. 4 holes totaling 415 m assayed up to >10,000ppm cu, 235 ppm As, and 4.39 ppm Ag
  • Prospector work covered southern portion of the property in 2011, and 2016 sampled 61 grab samples. Resulting in sample:
    • (406A) 764 g/t Ag, 4.0% Cu, 3.9% Pb, 1.92% Zn
    • (3) 18.2 g/t Ag, 0.55% Cu, 1.07% Pb, 1.39 % Zn
    • (Kearney 2016) 464 g/t Ag, 2.48% Cu, 2.48% Pb, 4.53% Zn

Altius 2017 program

Tap to Zoom

  • Rock grab sample 12591:
    • 2,030 g/t Ag, 7.08% Cu, 9.40% Pb, 2.54% Sb, 0.46 g/t Au (South Zone)
  • Rock grab sample 8329:
    • 944 g/t Ag, 5.24% Cu, 7.6% Pb, 2.32% Zn, 0.30g/t Au (South Zone)
  • Rock grab sample 12744:
    • 803 g/t Ag, 3.58% Cu, 0.11% Pb, 1.04% Zn, 0.92% Sb, 0.17 g/t Au (North Zone)
  • Rock Grab samples are select mineralization and the grades are not indicative of the average grades found in the project
  • 1.0 m channel sample:
    • 499g/t Ag, 2.66% Cu, 6.80% Pb, 0.27% Zn, 0.32% Sb, 0.33 g/t Au (Trench SPTR-10; North Zone)
  • 2.9 m channel sample:
    • 180 g/t Ag, 0.97% Cu, 0.24% Pb, 0.18% Zn, 0.21% Sb (Trench SPTR-16; North Zone)
  • 16.2 m channel sample:
    • 50.4 g/t Ag, 0.25% Cu, 045% Pb, 0.16% Zn (Trench SPTR-02; South Zone)

Altius 2017 Program

Vein hosted Galena (Pb)
Carbonate hosted Galena (Pb)
Carbonate hosted Azurite (Cu)

Formation Model

Proposed model
For the formation
of the Sail Pond
South and North
zone mineralization.