- Under explored district with similarities to Australia’s Victorian Goldfields
- Pro mining government with year-round exploration access
- Staking rush in 2020 led to highly sought-after claims
- Highly active neighbors; New Found Gold recently raised $50 million to continue a 500,000m drill program on the Keats Zone discovery (10 km to east of Lewis)
- Excellent infrastructure with property only 4 km from TransCanada Highway, and powerline across property
- Two claims totaling 56 hectares in central Newfoundland, Canada
- Both claims located along the well mineralized Mt Peyton Linear
- Historic drilling on property has demonstrated gold bearing quartz sericite veins with gold mineralization of up to 8.8 g/t Au over 0.7 m
- Historic surface samples of up to 26 g/t Au on property and 164 g/t Au located just off Property
- Located 10 km west of the recent, major high grade gold discovery by Newfound Gold
- Resides on the edge of the Mount Peyton Intrusive Suite where it truncates the Dog Bay Line, a major northeast striking deformation zone
- Work commencing early 2023 will target 4 high priority areas resulting from geophysical and geochemical work in 2022.
Location and Access
The Lewis property consists of 103 claims in two claim blocks totaling of 2567.56 hectares in the Exploits Sub-zone of Newfoundland, Canada. The properties are located approximately 32 km from the town of Gander which offers all the conveniences of a major centre including an international airport with daily flights to St. John’s and Toronto. The property can be accessed by highway and a network of unsealed forestry roads with Highway 1 traveling within one km of the claim blocks. Rail access is within 8 km of the claims and a powerline traverses the property. The smaller town of Glenwood is located only 10 km away and provides many of the necessities involved in supporting mineral exploration.
Nearby discoveries at Newfound Gold’s Keats Zone and Lotto Zone 10 km away have helped draw attention to the potential for orogenic gold deposits located along the major deformation zones of central Newfoundland. The Lewis property is located at the junction of known mineralized and structural trends. The mineralized Mount Peyton linear that strikes North-northwest has revealed multiple high grade gold and arsenic values in both lake sediment, soil, and rock samples. This trend converges with the Northeast striking Dog Bay line, a major suture zone of the historic Iapetus Ocean, and appears to be truncated on the property by the Mount Peyton Intrusive Suite. The Properties location on the edge of the Mount Peyton Intrusive suite may provide further potential as areas of high strain that would occur around the edge of the intrusion are necessary to create the deep seeded faulting that is recognized in orogenic gold deposits.
Although mining has taken place on Newfoundland since the 1800’s, it wasn’t until the release of government lake sediment data that attention was paid to the Mount Peyton Area. In the late 1980’s, Noranda prospectors were following up on strong arsenic anomalies when they discovered angular gold bearing boulders hosted in quartz vein float. This led to the staking of claims and detailed exploration work by Noranda in 1990 and 1991. Initial discovery of the Hurricane and the Corsair showing on the Salmon River were followed up with geophysical surveys, trenching, and soil sampling. In 1991 a diamond drill program was completed both on and off the property and confirmed quartz sericite arsenopyrite veins that contained gold mineralization. Au grades of 7.5 g/t over 1 meter were recorded with almost all holes intercepting gold mineralization.
In 2007 the property was further worked by Paragon Minerals Corp with the addition of two more diamond drill holes that extend mineralization near the historic Noranda drilling. Since then, Gary Lewis, a prolific Newfoundland prospector, has been prospecting up and down the Mt Peyton linear and helped broker the deal with Etruscus Resources in 2021.
Etruscus exploration to date:
- Digitization of historic drilling, geochemical and geophysical data sets
- ~2000 soil samples and 60 rock samples
- 30 line km IP survey
Results from completed exploration work:
- Multiple gold, arsenic, antimony soil anomalies identified
- Rock sampling returned high gold grades (>20 g/t Au)
- Very strong overlap identified between geochemical and geophysical datasets
- At least four high priority drill targets with strong indicators of gold mineralizing systems (high chargeability, high grade rocks, and large soil anomalies)
- Historic drilling on property failed to penetrate the zones of highest chargeability as modeled by our geophysicist leaving multiple untested targets
- Significant upside as Etruscus looks to test multiple gold mineralized structures early in 2023
- Diamond drill program planned (~2000m) spread across a number of targets, open to expansion
A detailed 2023 exploration and drill plan for the Lewis property is currently underway. This section will be updated once plans are finalized and announced.