Government of New Brunswick
November 2017

In a November 9, 2017 press release, Goldstar Minerals Inc. announced results from their trenching program on their Lake George property in central New Brunswick. In Trench LG-T-17-27, a 4.5 m channel sample yielded 1.0 g/t Au. This trench was excavated near a sample from outcrop that ran 0.8 g/t Au and consisted of strongly altered metasedimentary rocks with finely disseminated sulphides in a sericitized and hematized matrix. Samples from Trench LG-T-17-01-bis averaged 6.8 g/t Au over 1.5 m, which are the highest grade samples found on surface to date in the project area. This trench was located in the vicinity of drill hole LG-16-06 that yielded 1.1 g/t Au over 1.0 m. Trench LT-T-17-10 was excavated in the area of drill hole LG-16-03 that yielded tungsten and gold values. A channel sample of strongly chloritized, sericitized, and hematized breccia vein material with finely disseminated sulphides yielded 1.1 g/t Au over 1.5 m. Results from additional trenches and prospecting are still pending.

In a November 9, 2017 press release, Puma Exploration Inc. reported the results of holes MB17-02 and MB17-03 drilled on their Murray Brook property in northern New Brunswick. Three holes were drilled totaling 774 m that included one deep hole and two shallow holes.  The first hole was designed to test the mineralization at depth whereas the last two holes were drilled to test the continuity of the Caribou Horizon near the known deposit. Drill hole MB17-02 collared in the south part of the West Zone and the best intercept was 0.42 g/t Au, 0.96% Pb+Zn over 2.7 m. Drill hole MB17-03 was located at the western boundary of the West Zone. It intersected a zinc and copper rich zone at surface grading 6.6% Zn, 1.70% Pb, 0.53 g/t Au, 71 g/t Ag, and 1.15% Cu over 10 metres and a new copper stringer zone grading 1.02% Cu over 26 m.

In a November 15, 2017 press release, Osisko Metals Inc. released the initial results of drilling on their Gilmour South Project located in northern New Brunswick. Drill hole GS-00-22W1 was drilled to confirm the grades of previously discovered massive sulphides that were intersected in drill hole GS-99-22 that yielded 9.61% Zn, 1.02% Pb, 0.20% Cu, and 32.28 g/t Ag over 7.98 m. Drill hole GS-00-22W1 intersected 11.31% Zn, 2.10% Pb, 0.16% Cu, 20.95 g/t Ag, and 0.21 g/t Au over 7.55 m. Drill hole GS-17-02 was drilled 59 m south of GS-99-22W1and intersected 12.0 m of massive sulphide mineralization that contained sphalerite, galena, and pyrite. Drill hole GS-17-03 was drilled 70 m up-dip from GS-99-22W1 and intersected stringer and disseminated sulphides at the target horizon. The results of assays from these two holes are still pending.

In a November 16, 2017 press release, Callinex Mines Inc. provided an update on their Superjack property in northern New Brunswick. Drilling at the newly discovered D Zone intersected 1.9 m of massive sulphides grading 8.0% zinc equivalent (6.1% Zn, 1.0% Pb, 0.1% Cu, and 35 g/t Ag) in hole SJ17-88. This intersection is located approximately 100 m vertically below the discovery hole at the D Zone that yielded 2.7 m of massive sulphides grading 6.2% Zn Eq (4.4% Zn, 0.9% Pb, 0.3% Cu and 18 g/t Ag). A 44 km long electromagnetic survey in the area suggests that there is potential expansion of the mineralization at depth and along strike. Drill hole SJ17-88 also intersected 2.9 m of massive sulphides grading 5.6% Zn Eq (3.9% Zn, 0.8% Pb, 0.2% Cu and 24 g/t Ag) at the B Zone. Drill hole SJ17-87 intersected 3.5 m grading 5.3% Zn Eq (3.4% Zn, 0.9% Pb, 0.3% Cu and 20 g/t Ag) and expanded the A Zone at depth by approximately 20 m. Additional holes are being drilled in the area to confirm previous drill intersections and to possibly expand the deposit.

In a November 28, 2017 press release, Puma Exploration Inc. provided an update on their exploration program at the Murray Brook deposit in northern New Brunswick. Eleven trenches were excavated totaling 803 metres to test high priority targets based on their stratigraphic location, their proximity to the deposit, and along prominent geophysical anomalies. Black shale units containing disseminated sulphides and small veinlets of sulphide were located along the western side of the Murray Brook deposit. They were located over strong chargeability and gravity anomalies.

In a November 30, 2017 press release, Goldstar Minerals Inc. reported the results of sampling at the Waterloo Lake Fault (WLF) Zone on their Lake George property in central New Brunswick. Sixteen samples collected from an area 100 m long by 25 m wide consisted of strongly altered metasedimentary rocks with finely disseminated sulphides in a sericitized and hematized matrix. Assays ranged between 0.3 g/t Au and 1.9 g.t Au, with an average gold grade in the WLF Zone of 1.0 g/t Au. This zone remains open in all directions. 

September 2017

In a September 5, 2017 press release, Callinex Mines Inc. released the results from 14 drill holes on their Nash Creek property in northern New Brunswick. Ten of the drill holes led to the expansion of the deposit 500 m to the north and increased the strike length by approximately 35%. Highlights of the drilling include: 11.7 m of 4.0% Zn Eq. within an interval grading 3.0% Zn Eq. over 18.1 m (NC17-229); 9.5 m of 6.5 Zn Eq. within an interval grading 3.1% Zn Eq. over 43.9 m (NC17-233); and 10.6 m of 4.3% Zn Eq. within an interval grading 3.0% Zn Eq. over 20.0 m (NC17-241). The deposit is open for expansion laterally to the north of drill hole NC17-241. Callinex plans to continue drilling to further expand the deposit and complete an updated resource estimate. They also intend to conduct a Preliminary Economic Assessment on the property in Q1 2018 that would include an open pit mine and a standalone processing facility at Nash Creek that would also receive feed from a proposed open-pit operation at Callinex’s nearby Superjack property.

In a September 12, 2017 press release, Callinex Mines Inc. reported results from four holes drilled on their Nash Creek property in northern New Brunswick. Drill hole NC17-245 was drilled near the historic NC79-06 and collared into mineralization. The first 19 samples all contained greater than 2.5% Zn Eq, which yielded an intersection of 5.8% Zn Eq (4.6% Zn, 0.7% Pb, and 23.1 g/t Ag) over 18.7 m beginning at a depth of 10 m. This intersection included 5.0 m of 8.9 Zn Eq. (7.2% Zn, 1.2% Pb, and 31.4 g/t Ag). The historic drill hole NC79-06 had only one sample collected from it, which assayed 2.2% Zn and 0.4% Pb over 1.3 m. Approximately 48% of the historic drill holes were not drilled beyond a depth of 100 m. Also, less than 30% of the total hole length of all the holes drilled prior to 2017 was analyzed. Callinex sees this as an opportunity for testing to identify additional mineralization that could be included in an open pit resource calculation. Drill hole NC17-242 intersected 13.3 m of 3.3% Zn Eq. (2.6% Zn, 0.5% Pb, and 14.4 g/t Ag) beginning at a depth of 77.9 m. This hole intersected mineralization referred to as the “Satellite Zone” near the southern portion of the deposit and may represent an additional opportunity to expand the resource in that area.   

In a September 15, 2017 press release, Goldstar Minerals announced that they have completed a trenching program on their Lake George property in central New Brunswick. Thirty trenches (totaling approximately 2,000 m) were excavated to further investigate gold-mineralized areas, previously identified structures, and geophysical targets. Samples have been collected from the trenches and assay results are pending. Goldstar is planning a second diamond drilling program for the fall.

In a September 15, 2017 press release, Puma Exploration provided an update on their Murray Brook property in northern New Brunswick. Three holes totaling 774 metres were drilled on the property to test the depth and surface extensions of the massive sulphide deposit. Additional drilling is planned followed a borehole EM survey. Puma is also updating the Preliminary Economic Assessment of the deposit with various scenarios being considered that range from a large open pit operation to a high grade zinc underground mine.

In a September 20 press release, Callinex Mines Inc. announced that they discovered a new zinc-rich zone at their Superjack property in northern New Brunswick. The new zinc-rich volcanogenic massive sulphide zone was intersected in drill hole SJ17-90 and appears to be a third mineralized VMS horizon in the Bathurst Mining Camp. It consisted of 2.7 m of massive sulphides grading 6.2% Zn Eq. (4.4% Zn, 0.9% Pb, 0.3% Cu, and 17.5 g/t Ag) beginning at a depth of 40.4 m, which includes 0.5 m of 20.4% Zn. Drill hole SJ17-88 was extended and intersected the new horizon approximately 100 m below drill hole SJ17-90 – the results of the assays from this hole are still pending. Multiple borehole pulse electromagnetic conductors were identified in drill holes SJ17-90 and SJ17-88, which included a 300 m by 500 m target associated with the new discovery. These same conductors were previously identified by a horizontal loop electromagnetic survey but were never tested. A large deep penetrating pulse electromagnetic survey is currently being conducted to evaluate multiple untested electromagnetic targets along strike from the newly discovered massive sulphide mineralization.  Six holes totaling 3,434 m have been completed on the property and drilling is ongoing.

In a September 26, 2017 press release, Galway Metals Inc. reported an updated NI 43-101 resource estimate for their Clarence Stream property in southwestern New Brunswick. The new estimate is based on cut-off grades for an open pit mine as opposed to underground estimates that were previously conducted. The pit constrained estimates for the combined North and South zones at a cut-off grade of 0.42 g/t Au consist of: 236,000 tonnes grading 1.81 g/t Au (13,700 oz Au) in the Measured category; 5,675,000 tonnes grading 1.86 g/t Au (338,400 oz Au) in the Indicated category; and 2,723,000 tonnes grading 1.87 g/t Au (153,100 oz Au) in the Inferred category. The underground resource estimate at a cut-off grade of 2.55 g/t Au consist of 267,000 tonnes grading 4.39 g/t Au (37,800 oz Au) in the Indicated category and and 862,000 tonnes grading 4.48 g/t Au (124,100 oz Au). The updated Inferred antimony resource (both pit and underground) consists of 2,736,000 tonnes grading 0.37% Sb (22,030,000 lbs Sb) and 0.8 g/t Au Eq (73,400 oz Au). The pit constrained resource extends to a maximum depth of 165 m, while the underground resource extends to a maximum depth of 336 metres. This new resource estimate has led to a 54% increase in the gold resources at the Clarence Stream deposit. Assay results from nine and eleven holes that were drilled at the North and South zones, respectively, are still pending and are therefore not included in the resource estimate. Eleven holes that were drilled five kilometres to the southwest of the South Zone at the Jubilee property are also pending. Additional drilling, metallurgical studies, environmental baseline studies, and follow-up bulk sampling will be conducted as the project moves toward a Preliminary Economic Assessment.