GOLDEN ROSE PROJECT Newfoundland, Canada - JANUARY 2021
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GOLDEN ROSE PROJECT Newfoundland, Canada Gold JANUARY 2021
DISCLAIMER AND QUALIFIED PERSON
Forward Looking Statements
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 Altius Minerals Corporation’s (“Altius”) intent, or the beliefs or current expectations of Altius’ 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 Altius’ control, could cause actual results
to differ materially from the estimates and intentions expressed in such forward‐looking statements.
Forward‐looking statements speak only as of the date those statements are made. Except as required by applicable law, Altius 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.
Qualified Person’s Statement
Rod Smith, M.Sc., P.Geo., Chief Geologist for Altius, is the Qualified Person as defined by National Instrument 43-101, Standards of
Disclosure for Mineral Projects. Mr. Smith is responsible for the scientific and technical data presented herein and has reviewed and
approved this project summary.
2
PROJECT HIGHLIGHTS
The Golden Rose project represents one of the few regional scale land positions within the Valentine Lake structural corridor (or
shear zone) and boasts numerous gold prospects that remain open or have simply never been drill tested. Altius is seeking a well-
financed and technically competent partner to advance its newest gold project.
The project is located between Marathon Gold’s feasibility-stage 4.1 Moz
Valentine Lake project to the northeast and Matador Mining’s 837 Koz
Cape Ray project to the southwest.
The gold-bearing Valentine Lake structural corridor transects the full length
of the project through multiple rock types, including the Rogerson Lake
conglomerate, giving way to over 45 km of prospective strike-length for
gold mineralization.
Features the South Woods Lake zone located on a prominent flexure of the
Valentine Lake shear zone. Historic grab samples up to 65 g/t Au and drill
intercepts of 1.37 g/t Au over 26.31 m and 2.15 g/t Au over 12.6 m. To
date, the zone has been outlined to > 550 m on surface and remains open.
Elsewhere on the project are multiple untested quartz-sulphide hosted gold
occurrences in bedrock, and historic unsourced float up to 214 g/t Au.
105 km2 land package comprising 420 mineral claims that are easily
accessible via the Burgeo Highway and forest access roads/trails. Hydro
electricity is readily available. View looking southwest from the northern end
of the project. The Burgeo Highway and hydro
Straightforward permitting process. Geophysics and drill testing can occur transmission line are in the background.
all year long. Project is eligible for a Provincial JEA grant up to $150k.
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400 KM GOLD-BEARING STRUCTURAL CORRIDOR
“…the Paleozoic structural architecture of the
emerging gold district in central Newfoundland
bears strong similarity to the world-class, orogenic-
style Archean gold system of the Abitibi greenstone
belt.” (GSC, Honsberger and Bleeker, 2019)
Altius Resources New Found Gold
Golden Rose Project Queensway Project
92.86 g/t Au over 19 m,
incl 285 g/t Au over 6 m
Matador Mining Ltd Sokoman Minerals
Cape Ray Project Moosehead Project
Canterra Minerals
837 Koz total resource 33.6 g/t Au over 24.9 m
Wilding Lake Project
10 g/t Au over 5.35 m
Marathon Gold
Valentine Lake Project
3.09 Moz. M&I
0.96 Moz. Inferred
Geological base map and claims from
www.geoatlas.gov.nl.ca 4
SAME GEOLOGICAL SETTING AS THE VALENTINE LAKE PROJECT
The Golden Rose Project is located on the same Silurian structural corridor (i.e. Valentine Lake shear zone) as Marathon Gold’s
Valentine Lake gold project (4+ Moz). The structure is partially delineated by the the Rogerson Lake conglomerate, which represents
an early phase, extension-related, basin fill sequence, which was subsequently deformed under fault reactivation, which occurs as
thrust faults. Gold mineralization is related to this later compressional stage.
Valentine
Lake Project
Golden Rose Project
South Woods
Lake Gold Zone
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WOODS LAKE GOLD ZONE: MAGNETICS + SOIL GEOCHEM
Woods Lake
South Woods Lake gold
mineralization associated within a
structural flexure as illustrated here
in the magnetics
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WOODS LAKE GOLD ZONE
Drill intercepts at South Woods Lake are highlighted by 2.14 g/t Au over 16.11 m, including 6.18 g/t over 5.11 m, 2.15 g/t over
12.6 m, 1.37 g/t over 26.31 m and 1.47 g/t over 22.5 m.
Mineralization at the South Woods Lake zone is hosted by variably textured, mylonitized and brecciated, commonly strongly
lineated monzogranite to granodiorite of the Ordovician (467 ± 6 Ma) Peter Strides granite suite.
Auriferous arsenopyrite-pyrite-quartz veins within monzogranite observed in DDH ST-09-10
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WOODS LAKE GOLD ZONE: DRILL HIGHLIGHTS
ST09-012 ST09-002
1.37 g/t Au over 26.31 m, ST09-009
1.76 g/t Au over 7.34 m,
incl. 6.18 g/t Au over 5.11 m 2.15 g/t Au over 12.6 m,
incl. 2.8 g/t Au over 4.34 m
incl. 3.65 g/t Au over 6.0 m
View towards the north of the South
Woods Lake drilling
ST05-004
19.8 g/t Au over 1.5 m
(VG observed)
Plan view of drilling of the South Woods Lake zone
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ADDITIONAL GOLD PROSPECTS FOR FOLLOW UP
Jens Pond: Large angular boulder cluster located on the edge of a
pond. Historic grab sample values up to 4.2 g/t Au. Dominantly
quartz-calcite with varying concentrations of pyrite, arsenopyrite
(up to 50%), chalcopyrite and galena.
Roadside Conglomerate: Roadside exposure of Rogerson Lake
conglomerate with quartz veins orientated oblique to shear fabric
in conglomerate. Quartz veins contain anomalous gold with
chalcopyrite, bornite and malachite.
Glimmer Pond: Strongly altered volcanic or sedimentary rock on Quartz-malachite veins in sheared
the southeast side of the pond with outcrop gold values up to 1.63 Rogerson Lake conglomerate at the
g/t Au. Four short holes were completed in 2010 defining broad Roadside Conglomerate prospect
alteration with anomalous gold. Unsourced historic quartz float
with values up to 213.8 g/t Au was discovered in the area.
Falls Zone: Mineralization is exposed in a small brook and consists
of quartz-sericite-pyrite-arsenopyrite alteration. Gold grades from
this material were anomalous with values approaching 0.5 g/t Au.
Unsourced historic quartz-rich float was found proximal to this
area with values up to 196.7 g/t Au.
Mink Pond: Mineralization consists of strong quartz-sericite-
pyrite alteration over a large area. Historic assays returned values
up to 2.0 g/t Au.
Silicified volcanic with pyrite at the
Glimmer Pond prospect
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CONTACT INFORMATION
Chad Wells
Vice-President, Business Development
CW 10 Phone: (709) 579-8271
Email: Chad@altiusminerals.com
Lawrence Winter
LW Vice-President, Exploration
Phone: (709) 579-8278
Email: Lawrence@altiusminerals.com
Altius Resources Inc.
2nd Floor, 38 Duffy Place
ALS St. John’s, NL, A1B 4M5
Main: (709) 576-3440
Fax: (709) 576-3441
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