• Major land package adjoining one of the highest-grade open-pit projects in the world, Matador Mining’s Cape Ray deposits
• Compilation and reinterpretation of limited historical data suggests that Gander Gold’s Cape Ray II is much more prospective for gold mineralization than previously believed (ideal host rocks, favorable structures, and soil/till anomalies with showings)
• High priority will be given to a previously unrecognized fault structure veering off from Matador’s Cape Ray deposits onto Gander Gold’s ground
• Road accessible and adjoins eastern border of Canstar’s flagship Golden Baie Project where drilling is in progress
• Several cross faults extend from within the Little River Belt into the Little River Property – cross faults are interpreted to be an important control on mineralization in the Little River showings
• Historic work shows gold-in-soil plus gold/arsenic till and lake sediment anomalies
• Strategic location along the regional Hermitage suture and related cross faults where there is much increased exploration activity; road accessible and no previous drilling
• These structures are the fundamental contacts between the Gander tectonic zone and the Avalon tectonic zone to the east, a favorable structural environment for gold deposits
• Property features extensive siliceous alteration zones exceeding 600 meters in length along Abbott’s Brook based on historic Noranda reports