Golden Nugget Project Highlights
- The Big Oz showing – 29.2 g/t gold over 2.5m, including 87.0 g/t gold over 0.8m, and 27.9 g/t gold over 1.22m;
- The Gina showing – 49.0 g/t gold over 0.3 m, and 18.8 g/t gold over 0.3 m;
- The Red Fox Showing – a visible gold discovery in a strongly altered and silicified dyke within the Dunnage Melange;
- Airborne geophysics completed in 2022, with analysis reports by GoldSpot Discoveries;
- Extensive prospecting, geological and structural analysis, with rock and soil sampling campaigns by prior operators have identified a number of drill ready targets, including at least five separate occurrences of visible gold.
The Golden Nugget Project is within a 30 km belt along a major structural corridor in northeastern Notre Dame Bay. Based on mineralization and lithologies, two different trends have been defined by Rubicon Minerals Corporation:
- The New World Trend (NWT): This is a 15 km long structural-stratigraphic contact zone between siliciclastic turbidites (Caradocian and Badger Group) and the Dunnage Melange. The NWT is exposed along the southern shore of New World Island and in small islands within Dildo Run (see map 1). Mineralization is often found as arsenopyrite, pyrite, and gold, related to alteration of felsic dykes, sedimentary and mafic rocks. Also, pyrite, arsenopyrite, and visible gold are found within quartz-carbonate veins, which cut sedimentary and mafic rocks.
- The Dunnage-Coaker Corridor (DCC): This is a 2 km long, shallow ocean channel between Coaker Island and northern Dunnage Island which exposes rocks of the Coaker Porphyry and Dunnage Mélange (see map 1). Gold is often found associated with pervasive alteration of the Coaker Porphyry. Mineralization includes pyrite, arsenopyrite, stibnite, chalcopyrite and gold.
