• Geophysical structures stretch east-northeast for approximately 25 km and are overlain by highly anomalous gold and copper-in-soil/till as determined by two years of extensive soil sampling
• More than 12,000 C-horizon soil samples, local GT Probe geochemical follow-up surveys, airborne geophysical surveys (MAG-VLF, LiDAR), structural interpretation, prospecting and geological mapping of select target areas within the project have revealed potential for entirely new high-grade gold trend east of the GRUB Line
• First-ever drilling (RAB, rotary air blast) is currently being carried out to delineate best targets for diamond drilling
• Massive land package in favorable intrusive setting west of New Found Gold’s Keats Zone and east of Sokoman’s Moosehead discovery
• The under-explored intrusive and gabbroic rocks found at Mt. Peyton are typically associated with gold mineralization
• Two large zones have been identified for first-ever drill testing due to widespread gold-in-soil anomalies and coincident geophysical structures – Goldenrod in the northwest and Golden Horseshoe in the southwest
• BLT gives Gander Gold exposure to a large unexplored section of the Northern Arm Fault, the same fault system that hosts Marathon Gold’s multi-million ounce gold resource to the southwest
• Newly identified Islander Zone gold-in-soil discovery on Thwart Island measures 1,400 m x 400 m and remains wide open for expansion – top 10 samples averaged 853 ppb Au (0.85 g/t Au) with the highest-grade sample returning 5.94 g/t Au
• Very anomalous arsenic-in-soil is consistently present across the interpreted strike of the Islander Zone which will be drill tested for the first time in 2023
• 65 km north of Gander, Carmanville extends out to the west from the GRUB Line
• Along the GRUB Line there are multiple gold showings that are all either sitting along the GRUB Line contact or just inboard (west) by 3-4 km within a magnetic low
• Carmanville is anomalous with the same geochemical elements as the H-Pond and Jonathan’s Pond targets to the south near Gander
• Highly strategic claims along a favorable structure (Dog Bay Line) immediately west of New Found Gold’s Eastern Pond discovery in the southern part of its Queensway Project
• Claims are located on strike with the Beaver Brook antimony mine and are within as little as 5 km of Eastern Pond discovery defined by subcrop and till sample results over a minimum strike length of 4 km
• An encouraging historic gold and arsenic stream silt anomaly at Gander South has yet to be investigated