US-based Northwest Arm (NWA) has released Altius Minerals’ discovery report, which includes several new high-grade gold occurrences in Wilding Lake Gold Project, central Newfoundland, Canada.

Earlier this month, NWA signed an agreement with Altius Resources (ARI), a subsidiary of Altius, for a 100% interest in the project.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Following completion of the qualifying transaction, NWA intends to seek shareholder approval to change its name to Antler Gold.

The project features high-quality gold mineralisation within shear-related orogenic-style quartz veins and quartz stockworks located underneath shallow overburdens, which has not previously been explored for gold.

"The project covers 17,200ha of land with 688 claims."

The project covers 17,200ha of land with 688 claims, and is located adjacently to Marathon Gold Corporation's Valentine Lake project.

See Also:

Newfoundland prospectors Brian Jones and Gary Rowsell made the initial discovery at the Wilding Lake.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

They identified the site along a recently constructed logging road, where a metre-scale angular quartz vein float containing coarse visible gold returned a maximum value of 74.8g/t of the metal in initial grab samples.

In addition, ARI has also identified some areas of similar gold bearing float. Recent initial trenching has successfully exposed gold bearing quartz veins in bedrock at the project’s Alder Zone.

Work of the Wilding Project is still in the preliminary stage, and the works cover prospecting near roads, limited soil sampling, trenching of the immediate Alder Zone, and a preliminary structural interpretation of the gold mineralisation.

Both NWA and ARI will be developing a programme for continued exploration of the area, which is expected to start as soon as possible.