Gold – Silver Project, Historic NI 43-101 Compliant Resource containing 1.57M oz Au & 7.7M oz Ag
Location
Precious Metals Development District
The Newton property is located approximately 100 km west of the city of Williams Lake in central BC within a region characterized by plateau lands with gently rolling hills and other characteristics favourable to project development. The district is well served by existing transportation, power, infrastructure and a skilled workforce which support numerous operating mines as well as late-stage mineral development and exploration projects. Conditions are suitable for year-round exploration and development activities.
- 80 km south of Artemis’ Blackwater Project (11.9M oz Au and 128M oz Ag)
- Blackwater was acquired from Newgold for $190M IN 2020
- Permitted and in development
- 50 km northeast of Taseko Mines Prosperity Deposit (13.3M oz of Au & 5.3B lbs Cu)
Project Overview
Unrivalled Previous Metals Project Upside
- The Newton Project has had nearly 30,000 m of drilling and its previous owner Amarc Resources Ltd. spent ~$20,000,000 exploring and developing the resource, mostly between 2009-2012
- The Newton Project encompasses more than 24,000 Ha and the deposit contains 1.57M oz Au & 7.7M oz Ag (Table 14-1) and represents a major undeveloped discovery
- The IP anomaly measures 4 km x 2 km and covers an area greater than 7 sq/km – yet the current resource occupies slightly over 0.5 sq/km or just 7% of the anomaly
- The Newton is a large, low - to intermediate-sulphidation, epithermal gold deposit that formed at about 72 Ma (Re-Os date by McClenaghan, 2012), contemporaneous with felsic volcanic and intrusive rocks emplaced into a rifted, structurally-active graben
- Gold and associated base metal mineralization precipitated in extensive zones of strong quartz-sericite alteration
- Gold mineralization is predominately hosted by Late Cretaceous felsic volcanic and intrusive rocks but also occurs in mafic volcanic and clastic sedimentary rocks and along fault and fracture zones
- The alteration types and metal associations at Newton are nearly identical to those epithermal gold deposits in British Columbia – including the large Blackwater, Prosperity, Brucejack and Snowfields deposits
Cross Section of the Newton Deposit
Consistent Mineralization From Top to Bottom
Select Drill Intercepts
Football Fields of Contiguous Precious Metals Zones
Resource Upside of Existing Deposit
- Northern portion of resource has multiple gold grades in excess of 1 gpt
- Hole spacing prevents intersections from being incorporated into current resource
- Room to expand outside of current resource pit shell
- High grade intervals marked as waste in resource
- Multiple high-grade intersections exist outside of the current resource
- Strong continuity of high grade within main zone
- Open in almost every direction and at depth
Main Zone – Vein Stockworks
- Typically, around 2 gpt Au
- up to 8 gpt Au
- Ag can reach up to 200 gpt
- Pb, Zn, Mo are present as well
- The IP anomaly measures 4 km x 2 km and covers an area greater than 7 sq/km
- Yet, the current resource occupies slightly over 0.5 sq/km or just 7% of the anomaly
Untested Mineralized Trend
IN RED: Possible resource expansion, proposed exploration area
