Hawkins Love

The Hawkins Love Project is an early exploration stage gold project with potential for near-term discovery that has been the focus of previous base metal and rare earth element exploration with little prior focus on gold.  The Project comprises 5 mineral claims (403 units) covering more than 9,155 hectares and is located 40 kilometres west of the City of Saint John, New Brunswick and 30 kilometres east of the Clarence Stream Deposit (Figure 1). The Clarence Stream Deposit is host to combined open-pit and underground Indicated Mineral Resources of 922,000 ounces of gold (12,396,000 tonnes at 2.31 g/t gold) and Inferred Mineral Resources of 1,334,000 ounces of gold (15,963,000 tonnes at 2.60 g/t gold).

The Hawkins Love Project is centered along a 10-kilometre section of the regional Back Bay Fault zone and underlain by variably deformed Silurian-Devonian St. George Plutonic Suite (Jake Lee Mountain Granite), Silurian Mascarene Group volcanic and sedimentary rocks and fault bound slices of Proterozoic New River Suite granite and volcanics (Figure 2).

Historic exploration from 1969 to 2013 on the property has largely been focused on base metal massive sulphides and rare earth elements and has comprised collection of B-horizon soil samples, ground magnetics and electromagnetics, and minimal diamond drilling (15 holes totalling 2,256 metres) on small grid areas.

Project Highlights

• Quartz vein boulders* with visible gold assaying up to 302.5 g/t gold;
• 276 soil samples > 10 ppb gold and 21 samples > 50 ppb gold;
• 8-kilometre strike of anomalous soil and rock geochemistry at five targets area along the Back Bay Fault;
• Similar geological environment to the nearby Clarence Stream Deposit – deformed sediments and volcanics adjacent to the St. George granite; and
• 9,155 hectares of prospective mineral lands along a 10-kilometre extent of a regional-scale gold bearing structure - the Back Bay Fault.

Highlights from the 2021 exploration program include:

• Soil samples assaying up to >10.0 g/t gold with a total of 232 anomalous soil samples (> 10 ppb gold);
• Five exploration targets identified based on geophysics and gold-in-soil trends discovered along the Back Bay Fault at the contact with the granite (Figures 2 and 3);
• All gold-in-soil trends indicate a source associated within the Back Bay Fault at the contact with the granite (Figures 2 and 3);
• Strong gold-in-soil anomalies and associated glacial dispersion train located at the Jake Lee, Hawkins Lake, Love Lake, New River 1 and New River 2 target areas (Figures 2 and 3);
• 7 km strike of anomalous gold-in-soil at the Jake Lee Target;
• Additional gold-in-soil targets developed within the volcanic and sedimentary rocks outside of the contact with the granite.

The Company is looking forward to follow-up work in 2022 that will refine the five targets through detailed mapping and prospecting, trenching and a ground geophysical survey that will direct future drill testing of these and other targets as we advance the project.

*Note: "grab and boulder samples" are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.