Strickland

silver - lead - zinc + gold

85 km south of Stephenville

21 claims

5.3 sq/km

Eight zones of silver, lead, and zinc, three historic inventories open for expansion, and gold potential

Eight zones of silver, lead, and zinc, three historic inventories open for expansion, and gold potential

100% owned

Strickland

Deposits

MAIN ZONE: 260,000 TONNES of 195 g/t Ag AND 5.25% Pb/Zn

SILVER HILL: 15,000 TONNES of 480 g/t Ag AND 2% Pb/Zn

MAIN ZONE EXTENSION: 750,000 TONNES of 2% Pb/Zn

*Historical mineral inventories from the Report entitled Summary of work performed from 1977 to 1980 on the Strickland – Porter Fee Simple Property,
Newfoundland by D. R. Prince (1981). A qualified person has not done sufficient work to classify the historical mineral inventory as a current
mineral resource. Anteros Metals Incorporated is not treating the historical mineral inventory as a current mineral resource, but believes that
these historic results provide an indication of the potential of the property and are relevant from a continuing exploration perspective.

highlights |

Seven Known Zones of Mineralization Totaling Over 2 km Strike Length

Extensively Tested With Nearly 8,000 m Drilled

Three Historical Mineral Inventories

Stratigraphic Horizons Well-Defined For Further Targeted Exploration

Underexplored Epithermal Au Potential; Quartz Veins Assayed Up To 17.9 g/t Au

Underlain by the Prolific Central Newfoundland Gold Belt

deposit model |

overview |

The Strickland Silver-Lead-Zinc (± Gold) Deposit is located in the La Poile Bay area of southwestern Newfoundland, Canada, 16 kilometres east of the Hope Brook Gold Deposit and historical mine. The Strickland Property is 5.25 kilometres-square and 100% owned by Anteros Metals Inc. The claims have undergone extensive exploration, giving rise to multiple mineralized zones within Newfoundland’s prolific gold district.

Volcanogenic Massive Sulphide

geology

and deposit

Regional Geology

Central Newfoundland Gold Belt

Central Newfoundland is comprised of the Ganderia Terrane, which is subdivided into the Gander Lake and Exploits Subzones by the Gander River Ultramafic Belt (GRUB) and associated parallel fault systems termed the JBP and Appleton Faults. Rocks of the Exploits (Dunnage) Zone consist of volcanic, volcaniclastic and sedimentary rocks of island-arc and back-arc affinity interpreted to represent remnants of the Iapetus Ocean. The Gander Zone consists of psammitic and semipelitic metasedimentary rocks from a continentally derived sedimentary wedge. Rocks of the Exploits Subzone were thrust onto the Gander Zone contemporaneous with the Taconian Orogeny. 

The Strickland VMS Property overlies the Bay du Nord Group belt of rocks within the complex mélange of the Dunnage Zone. In the La Poile Bay region of south western Newfoundland, the Bay du Nord Group follows the sinuous trace of the Hermitage Flexure and is bounded to the north by the La Poile Intrusive Suite, and to the south by the Bay d’Est Fault and the Burgeo Granite.

Property Geology

Dunnage Zone

The volcano-sedimentary sequences of the Bay du Nord Group consist of poly-deformed shale, siltstone, greywacke, conglomerate, and felsic volcaniclastics and flows, which have been reconstituted into a variety of schists within fault zones. The Strickland Main Zone occurs at a defined contact between mixed volcaniclastic and clastic sequences, and a sediment-dominated sequence and numerous other mineralized zones occur within 200 metres of this contact. The Baggs Hill Granite, exposed approximately 1.2 kilometres northeast of the Main Zone, may have acted as a heat source to circulate the hydrothermal fluids which deposited the metals.

Deposit Model

VMS

Metals of the Property were deposited from the neutralization of acidic, metal-bearing, briney solutions emanating from a hydrothermal conduit. Some textures on the property suggest reworking or transportation of the sediments shortly after deposition. At the Main Zone, chemical reactions of the footwall rocks with metal bearing brines may have produced intense sericitization and silicification. The combined strike length of all seven known zones of the Strickland Property is 1.4 kilometres.

The Strickland Property also shows excellent potential for epithermal gold mineralization based on comparison with the nearby Hope Brook area. The Hope Brook gold deposit was discovered in 1983 by Selco Divison of BP Resources Canada Ltd. Ore reserves at the Hope Brook were recorded as 11.2 million metric tonnes at 4.54g/t Au, at a cut-off grade of 2.5g/t Au (Mackenzie, 1986).

exploration history

mid-to-advanced stages

1936

1936

Discovery by Alex Strickland, followed by 17 trenches and 10 diamond drill holes totaling 718.4 metres

1936
1965

1965

Kopan Developments Ltd. drills 10 diamond drill holes totaling 1,216 metres

1965
1967

1967

O’Brien Gold Mines Ltd. commissions airborne magnetic surveying

1967
1968

1968

Long Lac Mineral Exploration Ltd. conducts a ground VLF survey over the Property, supporting EM anomalies coincident with mineralized zones

1968
1970

1970

Noranda Exploration Co. undertakes stream sediment sampling and geological mapping

1970
1977-1980

1977-1980

Falconbridge Nickel Mines Inc. (“Falconbridge”) conducts geological mapping, geophysical and geochemical studies, and drills 43 diamond drill holes totaling 4,713 metres

1977-1980
1981

1981

Falconbridge defines an unclassified mineral inventory of 260,000 tonnes of 195g/t Ag and 5.25% Pb/Zn at the Main Zone; 15,000 tonnes of 480g/t Ag and 2% Pb/Zn at the Silver Hill Zone; and 750,000 tonnes of 2% Pb/An (Main Zone North Extension (Prince, 1981)*

1981
1936

Discovery by Alex Strickland, followed by 17 trenches and 10 diamond drill holes totaling 718.4 metres

July 13, 2020
1965

Kopan Developments Ltd. drills 10 diamond drill holes totaling 1,216 metres

July 13, 2020
1967

O’Brien Gold Mines Ltd. commissions airborne magnetic surveying

July 13, 2020
1968

Long Lac Mineral Exploration Ltd. conducts a ground VLF survey over the Property, supporting EM anomalies coincident with mineralized zones

July 13, 2020
1970

Noranda Exploration Co. undertakes stream sediment sampling and geological mapping

July 13, 2020
1977-1980

Falconbridge Nickel Mines Inc. (“Falconbridge”) conducts geological mapping, geophysical and geochemical studies, and drills 43 diamond drill holes totaling 4,713 metres

July 13, 2020
1981

Falconbridge defines an unclassified mineral inventory of 260,000 tonnes of 195g/t Ag and 5.25% Pb/Zn at the Main Zone; 15,000 tonnes of 480g/t Ag and 2% Pb/Zn at the Silver Hill Zone; and 750,000 tonnes of 2% Pb/An (Main Zone North Extension (Prince, 1981)*

July 13, 2020