LEWIS PROPERTY


Lewis Property2021-07-21T02:00:53+05:00

Overview


Claim size

2567.56 hectares

Ownership

100% Owned

by Etruscus Resources

Highlights: 

  • 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 mid summer will look to target new mineralization and follow up on historic gold showings

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.

Historical Work


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.

Maps & Figures


2021 Plans


Exploration on the Lewis Property will commence mid summer with an extensive soil sampling program that will test both historic showings and unexplored terrain. Once this is complete, a ground IP survey will be prioritized over areas of high prospectivity to delineate possible targets for future drilling. Historic exploration on the property has demonstrated the validity of IP surveys and has been used efficiently in targeting mineralized intercepts in diamond drill. This systematic approach will help Etruscus Resources advance the Lewis property to hopefully add to the increasing number of gold discoveries being made across the Newfoundland gold belt.