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Wilding Lake Project: A New High Grade Gold Discovery 1 July 2018 - - PowerPoint PPT Presentation
Wilding Lake Project: A New High Grade Gold Discovery 1 July 2018 - - PowerPoint PPT Presentation
ANTL:TSXV Wilding Lake Project: A New High Grade Gold Discovery 1 July 2018 DISCLAIMER This document includes certain statements that constitute forward looking statements and forward -looking information within the meaning of
This document includes certain statements that constitute “forward‐looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward‐looking statements”). Forward-looking statements include statements regarding Antler Gold Inc.’s (“ANTL”) intent, or the beliefs or current expectations of ANTL officers and directors. Such forward-looking statements are typically identified by words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “contemplate”, “possible”, “attempts”, “seeks” and similar expressions. Forward‐looking statements may relate to future outlook and anticipated events or results. By their very nature, forward‐looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, and the risk that predictions and other forward‐looking statements will not prove to be accurate. Do not unduly rely on forward‐looking statements, as a number of important factors, many of which are beyond ANTL’s control, could cause actual results to differ materially from the estimates and intentions expressed in such forward‐looking statements. Although ANTL believes that its expectations reflected in these forward looking statements are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed
- n the SEDAR website at www.sedar.com. These uncertainties may cause our actual future results to be materially different than those expressed
in our forward looking statements. Forward‐looking statements speak only as of the date those statements are made. Except as required by applicable law, ANTL does not assume any obligation to update, or to publicly announce the results of any change to, any forward‐looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward‐looking statements.
DISCLAIMER
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Issued and outstanding: Brokers warrants: Incentive options: Fully diluted: Insider ownership (total): Dan Whittaker: Wade Dawe: Altius: Other insiders: 41,262,310 344,891 1,387,500 42,994,701 54.1% 14.2% 15.8% 19.9% 4.2%
ANTLER GOLD: SHARE STRUCTURE
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Name Symbol Shares O/S Shares F/D Recent Price Market Cap O/S Market Cap F/D Antler Gold ANTL:TSXV 41,262,310 42,994,201 $0.15 $6,189,347 $6,449,130 Marathon Gold MOZ:TSX 150,631,702 159,631,702 $0.86 $129,543,264 $137,283,264 Torq Resources TORQ:TSXV 77,324,164 83,824,164 $0.47 $35,955,736 $38,978,236 Benton Resources BEZ:TSXV 83,218,531 94,503,531 $0.05 $4,160,927 $4,725,177 Grande Portage GPG:TSXV 31,650,865 40,338,370 $0.22 $7,534,966 $9,706,843 Aurion Resources AU:TSXV 69,208,708 74,612,981 $0.82 $51,214,444 $55,213,606
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ANTLER GOLD: DIRECTORS, FOUNDERS AND MANAGEMENT
Dan Whittaker, MBA, CFA; President and CEO. Dan has held senior positions in the mineral industry for the last 20 years. Most recently, he was a founder of GoGold Resources Inc. and Ucore Rare Metals Inc.. Mr. Whittaker holds an MBA from the Ivey School
- f Business and is a CFA.
Howard Bird, BSc. (Honours), P. Geo; VP, Exploration. Howard has over 15 years at the executive management level. He was SVP
- f Exploration and Geology at Brigus Gold Corp., and led the
discovery of three new gold deposits at the Grey Fox Project. Howard was also the SVP of Global Exploration for SouthernEra Resources Ltd., and the Senior Project Geologist for Noranda. Wade Dawe, Founder and Strategic Advisor. Wade is an accomplished entrepreneur, financier and investor. He is currently Chairman of Pivot Technology Solutions Inc. (TSX) , and as Chairman & CEO of Fortune Bay Corp., (TSX-V). He was President and CEO of Brigus Gold Corp. which was acquired by Primero Mining Corp. in 2014 in an all share deal valued at $351 million. Rob Randall, CFO. Rob has served as a contract CFO and has extensive public company financial experience. He serves as CFO
- f Torrent Capital Ltd., Stockport Exploration and Canabo Medical
Inc.. Rob was the Corporate Controller of Etruscan Resources Inc. from 1997 to 2011 overseeing the financial operations for all aspects
- f its exploration and production activities.
Paul Sparkes, Director. Paul is an accomplished business leader with
- ver twenty five years' experience in media, finance, capital markets and
- politics. He is currently President of Otterbury Holdings Inc., a corporation
advising growth entities in private and public markets. He was also Executive Vice Chair, Director and co-founder of Difference Capital Financial, a TSX-listed specialty finance company that invests in media, technology, health care and U.S. real estate. Jim Megann, Director. Jim is currently President and CEO of Stockport Exploration, a TSXV listed company. He has also served as Managing Director of Numus Financial, a venture capital firm focused on early stage, high growth companies. Jim is also a director of Torrent Capital Ltd., a TSX listed company. Carl Hansen, Director. Carl is is a geologist with over 25 years of experience in the exploration and mining industry. He has been the CEO
- f Atacama Pacific Gold Corporation since 2011 and was the co-founder
and CEO of Andina Minerals, Inc. from 2004 through 2009. Mr. Hansen has held senior positions with TVX Gold Inc., Kinross Gold Corp., and Inco Limited. Dave Evans, Exploration Manager. Dave has managed the exploration program on the Wilding Lake Project from 2016. He is a native of Newfoundland and has over 30 years experience working extensively with gold and base metals deposits in Newfoundland, for both public companies and the Newfoundland Department of Natural Resources.
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Antler (ANTL) acquired from Altius Resources a large regional land-position within eight project blocks in an emerging gold camp in Central Newfoundland:
ANTLER GOLD INC. - District Play Land Position
- 100% interest in the Wilding Lake and Noel Paul projects (215km2), earning 100%
interest in second option agreement on 5 other properties (420km2).
- Properties cover 140km (635km2) of prospective strike length of approximate 300km
regional gold bearing structural corridor.
- The mineralizing system along this trend, as demonstrated on the Wilding Lake project,
is capable of producing both high grade gold and significant widths, and is located adjacent to Marathon Gold Corporation’s Valentine Lake project with a May 1st, 2018 reported resource of 2.13 million oz. (M&I) at 1.99 g/t Au and, 1.10 million oz. (Inferred) at 1.99 g/t Au.
- In addition, on 24th July, 2018, Sokoman Iron Corp. reported that a drilling program has
made a high-grade discovery in an area with little previous drilling at it’s Moosehead Gold Project that is located within the same regional gold bearing structural corridor that hosts both Antler’s new gold discoveries and Marathon Gold Valentine gold deposits. Sokomon’s drill assay results include hole MH-18-01, that intersected a mineralized zone that returned 11.90 metres @ 44.96 grams/tonne gold.
- Altius currently holds a 19.94% interest in ANTL.
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ANTLER TOTAL LAND HOLDINGS:
Eight Properties Cover 140km (635km2) of Prospective Strike Length
- f Approximate 300km Regional Gold
Bearing Structural Corridor.
District Scale Position
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Marathon Gold Reported Resource 1st May, 2018 2.13 million oz. (M&I) at 1.99 g/t Au and, 1.10 million oz. (Inferred) at 1.99 g/t Au. Sokomon Iron Corp Reported 24 July,2018 New High Grade Mineralized Zone that Includes: Hole MH-18-01, that returned 11.90 metres @ 44.96 grams/tonne gold.
WILDING LAKE PROJECT Project Location: Central Newfoundland
Regional Gold Play
Antler Mineral Claims Wilding and Noel Paul Blocks (859 claims, 215km2) Claims Cover the Regional Valentine Lake/Alder Prospective Gold Bearing Structural Trend
Marathon Gold Corp. - Valentine Lake Gold Camp May 1st, 2018 Reported Resource M&I: 2.13M oz @ 1.99g/t Inferred: 1.10M oz @ 1.99g/t
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Discovered six new bedrock gold zones at Wilding Lake in Q4/16 and two in Q3/17 demonstrating a strong gold system that include saw-cut channel samples of:
ANTLER GOLD INC. - Previous Exploration 2016 & 2017
- Drill results include gold intercepts of 10.01g/t over 5.35m including 49.92g/t over 0.98m (Elm Zone), and 1.51g/t over
11.0m (Red Ochre Complex).
- One drill hole tested an approximate 7.0 km long by 2.0 km wide magnetic anomaly returning 0.46g/t over 11.75m
including 5.06g/t over 0.5m in sheared contact between conglomerate and underlying gabbro.
- Demonstrated the high gold potential of the Wilding Lake Project and district.
- Gold identified within a number of different geological settings that will be the target for further drilling programs.
- Gold mineralization is coarse with a high nugget effect with sulphide mineralization often occurring as localized pods
within quartz veins that can be missed with too few drill holes testing the target.
- A 2nd phase comprehensive drill program is warranted to fully test the gold zones.
- Alder/Taz Zone: 6.0g/t over 8.5m, 8.7g/t over 6.7m, 49.3g/t over 4.6m, and 28.8g/t over 1.0m.
- Elm Zone: 101.5g/t over 0.5m, 93.1g/t over 1.3m, and 18.0g/t over 1.2m.
- Red Ochre Complex: Grab Samples 24.0g/t, 14.3g/t, 15.2g/t, 1.9g/t.
- Raven Zone: Four grab sample assays returned: 273.8, 15.4, 13.6 and 3.5 g/t.
- Only 6km of total 140km gold prospective strike extent systematically explored.
Successful Wilding Lake initial drill program (Q4/17): 30 drill holes for total of 2,599 m: 9
WILDING LAKE PROJECT:
Positive Gold-In-Soil Sample Results
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WILDING LAKE
Q3/17 Drill Hole Locations Over Lithology
Six new gold occurrences have been discovered Q4/2016 and two in Q3/17 along the Thrust Fault zone
- ver 2-3km, along the eastern
margin of the Rogerson Lake
- Conglomerate. The remainder of the
50km trend has seen essentially no historical gold exploration to date.
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Continue detailed and regional gold-in-soil sampling programs that have proven successful in discovering the gold occurrences at Wilding Lake :
ANTLER GOLD INC. – Exploration Programs
- Expand both the Elm and Raven Zones along strike and to depth,
- Test the Alder-Taz Zone with a different drill hole orientation that may better cross-cut and
intersect the gold bearing array of sub-vertical extensional quartz vein sets,
- Continue to expand the Red Ochre (RO) feldspar porphyry mineralization,
- Test the RO associated feldspar porphyry rock units that trend across the entire length of the
property which significantly increases the potential to discover new gold occurrences and,
- Target the new discovery gold bearing conglomerate and gabbro contact aureole that
underlies a significant portion of the Wilding Lake project.
- Soil programs focused along the regional gold bearing structural corridor at Wilding Lake,
Noel Paul and Crystal Lake blocks to define new prospective drilling targets.
Continue to drill test high-interest gold occurrences that include: 12
Continue Soil Sample Programs:
Noel Paul Block
- Continue detailed and regional
gold-in-soil sampling programs that have proven successful in discovering the new gold
- ccurrences at Wilding Lake:
- Soil programs focused along the
regional gold bearing structural corridor at Wilding Lake, Noel Paul and Crystal Lake blocks to define new prospective targets.
High Priority Gold Target Soil Sample Programs To Focus On Potential Gold Bearing Structural Breaks
Five Initial Grids Sampled in Nov 2017 With Positive Gold-In-Soil Sample Results
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Continue Soil Sample Programs:
Crystal Lake Block
- Crippleback Lake Intrusive Suite on CLB
is similar to Valentine Lake Intrusive Suite that hosts MG gold deposits with a May 1st, 2018 reported resource of 2.13 million
- z. (M&I) at 1.99 g/t Au and 1.10 million
- z. (Inferred) at 1.99 g/t Au.
- In addition, the CLB and MG properties
both host the Rogerson Lake Conglomerate and cover the northeast striking regional gold bearing structural corridor.
Continue detailed and regional gold-in-soil sampling programs that have proven very successful in discovering the new gold
- ccurrences at Wilding Lake.
High Priority Gold Target: Crystal Lake Block (“CLB”) has very similar geological characteristics to Marathon Gold’s Valentine Lake property (“MG”) gold deposits: High Priority Gold Target Soil Sample Programs To Focus On Potential Gold Bearing Structural Breaks
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WILDING LAKE
Targets For Potential 2nd Phase Drill Program
Initial drill program in Q4/17 successfully demonstrated the high gold potential of the Wilding Lake Project and district. Gold identified within a number of different geological settings that will be the target for further drilling programs. Expand both the Elm and Raven Zones along strike and to depth Test the Alder-Taz Zone with a different drill hole orientation that may better cross- cut and intersect the gold bearing array of sub-vertical extensional quartz vein sets. Expand the Red Ochre (RO) feldspar porphyry mineralization Target the new discovery gold bearing conglomerate and gabbro contact aureole that underlies a significant portion of the Wilding Lake project Test the RO associated feldspar porphyry rock units (mag high units) that trend across the entire length of the property which significantly increases the potential to discover new gold occurrences
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ANTLER GOLD INC.
Appendix: Review
- f 2017 drilling
- Cedar-Elm Zone
- Alder-Taz Zone
- Red Ochre Complex
- Raven Zone
- Geophysical Targets
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Visible Gold Elm Vein Elm Vein
WILDING LAKE
Elm Zone Trench
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- Highlight drill hole gold assays
include: Hole WL-17-01 returned 7.53 g/t over 3.12 m including 40.85 g/t over 0.5 m, Hole WL-17- 24 returned 10.01 g/t over 5.35 m including 49.92 g/t over 0.98 m, and Hole WL-17- 25 returned 4.73 g/t over 2.30 m including 10.96 g/t
- ver 0.97 m.
- Gold mineralization is coarse with
a high nugget effect and further drill testing is warranted to expand the zone along strike and down- dip and to continue to define potential high-grade gold shoots.
WILDING LAKE
Elm Zone Trench: Drill Hole & Channel Sample Plan, and Au Assay 18
WILDING LAKE
Elm Zone Trench Diamond Drill Hole Cross-Section 19
WILDING LAKE
Alder/Taz Zone Saw-Cut Channel Sample Results 20
WILDING LAKE
Alder Zone Trench
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Photo of Taz trench
Trench proved difficult to open up because of thick till, running water and slumping
WILDING LAKE
Taz Zone Trench Channel Sample Results 22
Three drill holes tested the Alder Zone returning core sample gold results of:
WILDING LAKE – Alder-Taz Zone Drilling
- Hole WL-17-02: 0.90 g/t over 1.93 m (poor core recovery in zone, lost approximately 1.0 m of core); Hole WL-17-03:
2.02 g/t over 4.90 m including 11.14 g/t over 0.5 m and 4.34 over 0.5 m; and Hole WL-17-04: 0.46 g/t over 0.90 m.
Three drill holes tested the Taz Zone yielding gold sample values of:
- Hole WL-17-05: 0.5 g/t over 3.8 m; Hole WL-17-06: 0.96 g/t over 5.95 m including 2.26 g/t over 0.90 m; and Hole WL-
17-07: 1.09 g/t over 4.55 m including 2.58 g/t over 0.55 m and 1.76 g/t over 1.0 m.
Drill holes did not return sample assay results consistent to those encountered in the trench saw-cut channel sample results that included:
- Alder Zone: 6.0g/t over 8.5m, 8.7 g/t over 6.7m and 49.3g/t over 4.6m.
- Taz Zone: 28.8g/t over 1.0m, 12.2g/t over 0.9m and 14.6g/t over 0.65m.
Further drilling is warranted to continue to fully test the potential since:
- Gold mineralization is coarse with a high nugget effect,
- Sulphide mineralization in localized pods within quartz veins that can be missed with too few drill holes testing the
target, and
- Orientating drill holes to a more northerly direction may better cross-cut and intersect the gold bearing array of sub-
vertical extensional quartz vein sets.
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- RO located immediately south of the
conglomerate/felsic volcanic contact.
- Brittle fracture style quartz veins and quartz stockworks
hosted in feldspar porphyry.
- Sulphide mineralization disseminated and fracture fill
pyrite stringers.
- Two drill holes drilled under discovery trench returned
gold sample results consistent to the trench channel sample results:
- Hole WL-17-11 returned gold results of 0.32 g/t over
15.0 m and 1.51 g/t over 11.0 m.
- Hole WL-17-12 drilled underneath Hole Wl-17-11
returned 0.22 g/t over 16.0 m and 0.98 g/t over 17.0 m.
- RO gold-bearing feldspar porphyry unit, together with
the associated anomalous gold-in-soil sample results, is a major new property wide gold target for further focused drilling programs.
- The feldspar porphyry unit is regionally well defined by
a series of linear airborne magnetic high features that trend across the property in a northeast direction for approximately 8.5 kilometres within the regional gold bearing structural corridor.
WILDING LAKE Red Ochre Complex (RO) Drilling
Discovery Trench
LOOKING NE
Pyrite Stringers in Drill Core
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WILDING LAKE
Red Ochre Complex:
Drill Hole & Channel Sample Plan, and Au Assay Results
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WILDING LAKE
Red Ochre Complex Drill Hole Cross-Section
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- Trenching exposed minimum 3.0m wide shear zone
with significant quartz veining with pyrite, chalcopyrite and malachite mineralization in the Rogerson Lake conglomerate.
- Four grab sample assays returned: 273.8, 15.4,
13.6 and 3.5 gpt Au.
- Diamond drill hole core sample gold results:
- Hole WL-17-08: 1.44 g/t over 5.1 m including
3.19 g/t over 0.75 m, and
- Hole WL-17-09 drilled underneath Hole WL-17-
08: 0.96 g/t over 5.15 m including 2.53 g/t over 1.0 m.
- Drilling under the trench did not encounter
significant concentration of pyrite, chalcopyrite and malachite mineralization.
- Possibly due to the drill hole missing the poddy
sulphide mineralization within quartz veins observed in the trench.
- Warrants further drill testing along strike and at
depth since the zone has an early drill estimated potential width of 5.0 m wide, and an increased number of drill holes are required to intersect the poddy nature of the mineralization.
WILDING LAKE - Raven Zone Drilling
LOOKING NE
Shear zone with quartz veins. Mineralization: Pyrite, Chalcopyrite and Malachite
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- One drill hole tested an approximate 7.0 km long
by 2.0 km wide magnetic anomaly underlying the Rogerson Lake conglomerate.
- This hole discovered a new zone of gold
mineralization associated with the sheared contact between the conglomerate and underlying gabbro returning:
- 0.46 g/t over 11.75 m including 5.06 g/t over
0.5 m (Hole WL 17-29).
- In addition, Hole WL-17-28 targeted a linear
magnetic high returning gold results of 0.53 g/t
- ver 12.7 m from sulphide mineralization in felsic
volcanic/feldspar porphyry rock unit similar to the RO Complex located approximately 700 m along strike to the west.
WILDING LAKE Geophysical Target Drilling Results
Magnetic Anomaly= Gabbro
Magnetic Geophysical Anomaly Gold Targets
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Regional Property Initial Soil Program 2017
Cape Ray Project
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- Positive gold-In-soil
sample results.
- Management feels that the
results warrant follow-up soil sampling programs to further define the gold-in-soil anomalies, as well as an expanded soil geochemistry and prospecting program on these blocks to generate additional gold targets.