Government of New Brunswick
November 2018

On November 5, 2018, Great Atlantic Resources Corp. and its optionee Explorex Resources Inc. both released an update on follow-up stream silt sampling at the Kagoot Brook project in northern New Brunswick. The upstream cobalt grade cut-off identified by the more tightly spaced sample locations aligns well with the stratigraphy. The amount of manganese and iron that accompanies high cobalt concentrations in the silt sample results indicates a potentially sizeable prevalent source.

In a November 8, 2018 press release, Fort St. James Nickel Corp. announced the completion of a 227 metre drilling program on their Porcupine base metal–precious metal–rare earth element property in central New Brunswick. The program targeted mineralization discovered in a 2012 trenching program. Near surface mineralization was intersected in all four of the shallow drill holes.

In a November 13, 2018 press release, Osisko Metals Inc. announced drilling results from 16 holes completed at the Titan Zone of their Key Anacon project near Bathurst in northern New Brunswick. Hole KAT-18-08 was drilled approximately 140 m up plunge from KA-18-01 and intersected 8.0 m grading 9.53% Zn, 3.63% Pb, 0.20% Cu, and 68.62 g/t Ag, as well as a 16.2 m copper-rich zone grading 0.82% Zn, 0.12% Pb, 1.18% Cu, 8.9 g/t Ag. Hole KAT-18-13 encountered the same mineralized zone 75 m below KAT-18-08, intersecting 26.6 m grading 1.79% Zn, 0.88% Pb, 0.93% Cu, 19.08 g/t Ag including 6.5 m grading 5.34% Zn, 2.81% Pb, 0.62% Cu, 24.4 g/t Ag. Drill hole KAT-18-10 intersected 7.1 m of 4.3% Zn, 2.82%Pb, 44.07 g/t Ag, extending the Titan Zone deposit to the southeast where it is open along strike and at depth. These additional drill holes have helped to define a zinc- and lead-rich deposit that is steeply plunging to the southeast within the Titan Zone.