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Newfoundland Discovery Corp C.NEWD

Alternate Symbol(s):  NEWDF

Newfoundland Discovery Corp. is a Canadian junior exploration company. The Company’s projects include Bursey and Grub Property, Dickison Lithium Property, Newlands Property, Northbound Property, Robinson’s Salt Property, Rodgers Cove Property, Southern Star Property, Southwest Pond Property, Sugaree Property, Unity Group Property, Urban Thunder Property, Valentine Mountain Property and Voltstone Property. Its Grub Property consists of approximately 197 claims totaling 4,925 hectares. Its Bursey Property consists of 22 claims totaling 550 hectares. Dickison Lithium Property is located in Ontario, Canada and covers over 6,933 hectares, situated 54 kilometers (km) north of Terrace Bay. Newlands Property comprises 11 claims (237 cells), spanning over 4,962 hectares and is located 70 km southwest of Hearst, Ontario. The Northbound gold property has 56 mineral claims covering approximately 3,076 hectares, located 85 km northwest of the town of Matagami in northern Quebec, Canada.


CSE:NEWD - Post by User

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Post by GoldenRetrieveron Apr 18, 2017 6:33pm
119 Views
Post# 26134869

This writeup and map on Melkior is very favourable to GTG

This writeup and map on Melkior is very favourable to GTG

Maseres Gold Project


  • Metals of interests: Gold
  • Ownership: 100 % Melkior
  • Location: Quebec, Canada

Overview

Melkiors claim group, predominantly located in Maseres Township, adjacent and south of Souart and Barry Townships in the Urban-Barry Gold Camp in Quebec, Canada. The Maseres Project is immediately south of Beaufield Resources Inc. and Great Thunder Gold Corp. claim groups that straddle the boundary of Souart and Maseres Townships. Osisko – Black Dog Project is north of Great Thunder straddling Souart and Barry Townships.

The Maseres Project is considered to be “underlain by Archean-age volcanosedimentary gneisses which represent the metamorphosed southern extension of the Urban-Barry Greenstone Belt of the Abitibi Subprovince.”.  A folded continuation of the geologic units that trend through Souart, Urban and Barry Townships. The Urban – Barry Greenstone Belt contains the Barry, Gladiator and Windfall deposits and is the current focus of several multi-million dollar exploration campaigns.

The Black Dog Project is reported by Osisko to be a gold-silver-copper discovery in andesitic volcanics that… “ coincides with magnetic and electromagnetic anomalies..  with disseminated to semi-massive Au-Ag-Cu bearing sulfides”. Historical geophysical work identified a significant conductive trend with associated electromagnetic anomalies coincident with an iron formation that crosses Osisko and Great Thunder and Melkior claim groups.  Historical surface assessment work, indicates that this formational conductor is locally co-located with two mineralized boulders. The mineralized boulders are located on Osisko claims within 150 m of the Great Thunder property boundary, and 2.3 km north of Melkiors claims.  

Location of mineralized boulders:

Easting* Northing* Sample Gold (opt) Copper (%)
433483 5408817 K-92-53 0.20 0.85
433469 5408822 K-92-62 0.32 1.80

*NAD 83 Zone 18, location extrapolated from filed assessment maps (GM55916)

 

The boulders mentioned above have been described in filed assessment reports as follows, “Brecciated, gneissic, pyrrhotitic iron formation recemented by pyrite and chalcopyrite, one of the boulders contained arsenopyrite.  No known mineralization of this type is known in the Urban Barry Belt to the north and in any case the gneissic condition of the boulders precludes a source in the greenschist facies of rocks of this belt.  Therefore a proximal source was sought.” The work report further indicates that “… investigations revealed unmineralized, SW dipping, pyrrhotitic iron formation coincident with the conductor.  This gneissic iron formation was mineralogically and texturally similar to the least brecciated portions of the mineralized boulders … the iron formation was considered to be a prime potential source for the boulders.”

Melkiors Maseres Project covers the southern half of the aforementioned formational conductor where the formational conductor appears to be significantly folded and locally disrupted. Melkiors claim group captures the majority of the fold nose of the formational conductor and the known westerly continuation of the formational conductor. The Maseres claim group hosts two gold in sediment anomalies of 120ppb Au and 84 ppb Au “down ice” of the “formational trend” exploration target.

Melkior is committed to undertaking a high definition airborne geophysical survey, summer 2017, that will cover the entire Maseres Project. This data will provide the ground control and data needed to implement a focused follow up ground truthing and evaluation of the geophysical results.

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