Big Easy Gold Project, Newfoundland December 2020 - Cartier Iron
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Big Easy Gold Project, Newfoundland
December 2020
FORWARD-LOOKING STATEMENTS
Certain information contained herein regarding Cartier Iron Corporation, including management’s
assessment of future plans and operations, may constitute forward-looking statements under
applicable securities law and necessarily involve risks, including but not limited to risks associated with
mining exploration, operating costs, production costs, volatility of share prices, currency fluctuations,
imprecision of resource and reserve estimates, environmental risks and ability to access sufficient
capital from internal and external sources.
As a consequence, actual results may differ materially from those anticipated in any forward-looking
statements. Plans, intentions or expectations disclosed in any forward-looking statements or
information should not be read as guarantees of future results or events, and will not necessarily be
accurate indications of whether or when or by which such results or events will be achieved.
Except as required by law, Cartier Iron Corporation, expressly disclaims any intention and undertakes
no obligation to update any forward looking statements or information as conditions change.
The historical mineral resources mentioned are strictly non-compliant to National Instrument 43-101
mineral resource and mineral reserve standards, and should therefore not be relied upon. A qualified
person has not done sufficient work to upgrade or classify the historical mineral resources as current
National Instrument 43-101 compliant.
2
BIG EASY PROPERTY
Newfoundland
• Island of Newfoundland – East Coast • 5 km off Trans-Canada Highway –
road-accessible
• 2 hours from St. John’s –
20 minutes from Clarenville • Power line at northern end of the Big
Easy zone
3
CLAIM MAP
• Big Easy property consists of 625 mining
N
claims covering 152.3 km2
• Cartier Iron can earn a 100% interest in the
core claims of the Big Easy property by
expending $2M and has until September 6th,
2023 to complete the expenditures
• Property subject to 3% NSR with potential to
buyback 1.5%
LEGEND
Original Claim Block
1,500m
New West Claim Block
4
REGIONAL GEOLOGY
Avalon Zone
Haile Mine Hope Brook Mine
• Producing 180 k to 200 k oz • Production 1987-97 – 752,163 oz Au
Au per year
NI 43-101 Mineral Resource
• P&P reserves – 58.2 Mt at • Indicated: 5,500,000 t at 4.77 g Au/t –
1.71 g Au/t – 2,910,000 oz Au
844,000 oz Au
2.21 g Ag/t – 3,750,000 oz Ag
• Inferred: 836,000 t at 4.11 g Au/t –
Source: Oceana Gold Corp.September 23, 2020
110,000 oz Au Source: First Mining Finance 5
REGIONAL GEOLOGICAL SETTING
• Northern extension of the 275 km-long Burin
Peninsula epithermal gold belt
• Mineralization hosted in silicified
epiclastic units near faults
Recognition as a Significant
Au/Ag District
• Discovery Big Easy by Jim Harris & Phil
Saunders following up 10 ppb Au lake sediment
anomaly in Grassy Pond
• Exploration/drilling Big Easy – 2010-2016 by
Silver Spruce/Lloyd Hillier
• Work by NL Geological Survey/Memorial
• Exploration by Puddle Pond Resources –
Lamaline area – recently optioned to Golden Ridge
Resources
• Hickey’s Pond - Bonavista Resources
• Root & Cellar - Northern Shield
6
REGIONAL GEOLOGICAL SETTING
Mineralization at Big Easy
Low Sulphidation Epithermal Au-Ag
• Neoproterozoic back arc or continental • Extensive low sulphidation epithermal
arc basin system with multiple mineralizing events
• Epiclastic sediments with some volcanic • Three major showings identified –
component and local flow banded rhyolites Big Easy, Central and ET Zone over
3.5 km strike length
• Remarkably preserved with finely banded
silicia gels indicating at paleo-surface • Target zone now extends for 20+km
2 cm 2 cm
BE12-12 @ 202.6 m 7.9 g Au/t & 130 g Ag/t BE12-09 @ 12.9 m 2.0 g Au/t & 17 g Ag/t
7
BIG EASY PROPERTY
Model
Source: Modified from Buchanan 1981
8
BIG EASY PROPERTY
System
Big Easy System:
Pervasive Alteration/Mineralization
Colloidal Silica ET Zone Ginguro Banding Bladed Textures
• Classic low sulphidation • Strike length of 5+ km on
epithermal Au-Ag system original property
• Big Easy, Central & ET • Current property covers
showings cover 3.5 km strike potential 20+ km strike
length length
9
BIG EASY PROPERTY
Magnetics
N
• Higher Magnetic Susceptibility Rocks
appear to mark volcanics within the
026062M
BIG EASY Musgravetown Group and the contact
CENTRAL with the Love Cove Group volcanics.
ET ZONE • Big Easy Showing parallels NNE-SSW
trending magnetic unit within
Musgravetown Group
• Detailed magnetic survey shows Big
025688M 023249M
Easy is along the western edge of
the magnetic high
025446M
• Central & ET are on the magnetic
high which continues southwards for
length of property
025452M • Full length of anomaly covered by
Residual
new claims staked.
1,500m Total Field
Magnetics
(nT) Source: Newfoundland and Labrador Geoscience Atlas
10PROPERTY GEOLOGY
N
BIG EASY
2 cm
CENTRAL
BE14-16 20.6 m Typical barren red epiclastics
ET ZONE
Source: Newfoundland and Labrador Geoscience Atlas 11BIG EASY PROPERTY
Diamond Drilling 2010-2016
• Total diamond drilling of 31 holes totalling 6,497 m
mainly on Big Easy
• Extensive mineralized zone approximately 300 to 400 m
wide with prospective strike length of 5+ km and open to
the north and south
• Significant historic drill results include:
• 6.05 g Au/t and 174 g Ag/t over 1.5 m (Hole BE-11-13)
• 7.65 g Au/t over 1.0 m (Hole BE-11-07)
• 0.80 g Au/t over 11.25 m (Hole BE-12-10)
• 1.30 g Au/t over 8.7 m (Hole BE-12-12)
• 3.54 g Au/t and 511 g Ag/t over 2.0 m (Hole BE 16-22)
2 cm
BE12-12 @ 202.6 m 7.9 g Au/t + 130 gAg/t
Source: Newfoundland and Labrador, Department of Natural Resources, Mines Branch Assessment File Reports on theProperty.
12BIG EASY PROPERTY
IP Chargeability
OPEN
• IP/Resistivity Surveys BIG EASY
completed in Winter 2018
• Chargeability highlighted Big Mx Chargeability (n=4),
25 & 50 m dipoles mV/V
Easy and ET Zones in
addition to 4+ km long
chargeability anomaly
New Targets across a 4 km marking major
epithermal system
Strike Length CENTRAL
CENTRAL
• Central Anomaly drilled in
2018 but only on edge due to
anomaly being under a bog ET ZONE
• Chargeability anomaly is open
to the north and south OPEN 600 m
13BIG EASY PROPERTY
IP Chargeability – 2018 Drilling
• Historic holes which returned gold • All three holes had a number of shorter
mineralization are predominantly in lower grade sections associated with
core of chargeability anomaly quartz veins
• Hole BE-12-11 returned 1.1 g Au/t over • 2018 Hole BE-18-29 tested down plunge
4.2m, BE-14-18 3.86 g Au/t over 0.3m extension of chargeability anomaly –
and BE 14-19 6.23g Au/t over 0.2m 0.45 g Au/t & 84.5 g Ag/ t over 10.6m
Big Easy Chargeability
14BIG EASY PROPERTY
2018 Fall Drilling Central Anomaly
• Hole BE18-31 intersected a wide zone of
silicification, hematite alteration & quartz veining
returning 0.11 g Au/t & 2.65 g Ag/t over 180.4m
BOG
BE18-31
0.07 g Au/t & 1.05 g Ag/t
over 80.6m
BE18-30 BE18-32
0.11 g Au/t & 2.65 g Ag/t 0.07 g Au/t & 3.73 g Ag/t
over 180.4m over 31.1m
15BIG EASY PROPERTY
2020 Program
• Received drilling permit for Central Anomaly
drilling for Winter 2020 but was not able to
complete due to COVID-19 delays.
• Geological mapping, prospecting and soil
geochemical surveys carried out in summer
2020.
• Results very positive – outlined 20+km long
target zone for epithermal gold
mineralization
• Located significant outcrop of weakly banded
silicified cherty quartz in southern part of
property – most likely siliceous sinter part
of a silica cap
• Low amplitude gold anomalies 10-18ppb in
soils along target zone
• Located float boulders of quartz along target
zone
16New Helicopter-borne Magnetic Survey
• Helicopter-borne magnetic survey flown
for New Sense Geophysics Ltd. by
Newfoundland Helicopters over the
southern half of the property
• Two major magnetic trends outlined,
West and East Trends, 19km and
20km long, respectively, each with a
number of elongated magnetic highs
that likely reflect intrusive rocks not
previously recognized in this area.
• West Trend is likely southerly extension
of Big Easy-Central Anomaly-ET trend.
• East Trend reflects two major
intersecting structures that coalesce in
the area of the weakly banded, cherty,
quartz outcrop where anomalous gold
values were found in soils
17NEW IP/RESISTIVITY SURVEY
• MES geophysics of St. John’s,
NL completed 6 recce IP/Res
lines spaced 400m apart for 24.5
line-km.
• Two areas of significant
chargeability outlined across all
six lines.
• These anomalies are associated
with resistivity lows flanking the
east and west contacts of a
broad zone of higher resistivity.
• East anomaly coincides with the
Au-in-soil geochem gold peak
• No soil data is available for west
anomaly due to wet conditions
18OUR APPROACH GOING FORWARD
If you want to find a big deposit,
get into a big system –
Big Easy is a BIG SYSTEM.
WHAT WE KNOW WHAT WE DON’T KNOW
• Major low sulphidation epithermal • Where are the sweet spots in
system with general NNE-SSW strike the system?
• Significant gold mineralization is • Is there potential for multiple
associated with major IP chargeability centres of epithermal gold
anomalies mineralization along this major
structure?
• Two very prospective major magnetic
trends, 19km & 20km long, outlined. • What are the structural controls?
• Most of prospective area is covered by • Project continues to advance but
bogs and lakes/ponds hence geophysics much further exploration is
& drilling will be very important required to fully evaluate.
19OUR PLAN IN 2021
• Cartier financed for • More IP surveys planned this
2,000 m winter winter on major magnetic trends in
diamond drilling southern part of property focussing
program on intrusive contacts and silica cap
target.
• Fully permitted for
winter drilling program to • Considering doing CSAMT survey to
test core of Central gain more depth appreciation
Anomaly
• Summer-fall 2021 drill program to
• Drilling planned to test new test best anomalies/targets & further
IP anomalies – permits ground follow-up
pending
THE MOST IMPORTANT FACTOR IN EXPLORATION IS PERSISTENCE!
STAY TUNED!
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