GOLD EXPLORATION
IN CANADA
The Wing Pond Property is a camp-scale exploration opportunity in Eastern Newfoundland, located roughly 40 km east-northeast of Gander, Newfoundland, Canada. The Property consists of seven (7) mineral licenses comprising 462 Newfoundland and Labrador mineral claims and covers an area of approximately 11,550 hectares.
Location
The Island of Gold
Newfoundland is rated 8th in the world as a mining jurisdiction by the Fraser Institute. It is a mining-friendly jurisdiction with very reliable transportation and excellent power infrastructure.
The Province is host to a strong workforce and is very business friendly, which is why the provincial government has announced an initiative to build 5 new mines by 20301.
History
The Gander Gold Belt
The Gander Gold Belt is one of Newfoundland’s largest and most prospective land packages for new grassroots discoveries, with several developing high-grade zones including New Found Gold’s spectacular Keats Zone as well as the Valentine Lake Deposit.
Historical exploration is indicative of auriferous prospectivity, with several gold discoveries in the Gander Gold District that are being actively developed1. These encouraging discoveries have positioned Newfoundland as one of the world’s most prolific emerging gold belts.
Geology
Promising Geochemistry
The Wing Pond project is located in well-known geology that is host to multiple epithermal systems that are yet to be explored. Gold-arsenic anomaly zones have been identified from soil-sampling that relates to potential shear-hosted gold mineralization.
Some of the key geological features of the site include a series of deep crustal breaks formed by the opening and closing of the Iapetus Ocean about 400 million years ago. Deep crustal breaks are often associated with potential high-grade gold deposits, confirmed by the number of large gold systems that have been found along these major suture zones in recent times.
