CLARENCE STREAM NORTH GOLD PROJECT
New Brunswick, Canada
Southern New Brunswick Gold
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Alma Gold owns 100% undivided interest in the Clarence Stream North Gold Project.
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Project is comprised of two claim groups 3,440 ha in size (claims 9555 and 9556) located immediately north of the advanced-stage Clarence Stream Gold Project owned by Galway Metals Inc.
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The Clarence Stream North Gold Project is situated near a major accretionary tectonostratigraphic boundary (Sawyer Brook Fault System) that hosts major gold and base metal deposits being developed by several mining companies including Galway and Magna Terra Minerals.
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New Brunswick is a mining-friendly jurisdiction with excellent infrastructure and highly experienced workforce, and Project is located within 100 km of two major cities and international airports.
Clarence Stream North NI 43-101 technical report:
2020 Soil Sampling Program
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A total of 426 B-horizon soil samples were collected during a soil sampling program on both claim groups and submitted for gold and multi-element geochemical analysis.
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Soil samples were mainly collected at 50 m stations along 100 m spaced survey lines with some stations spaced between 200 to 250 m to maximize the soil survey grid coverage.
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This soil sampling program was successful in outlining three main gold anomalies and several outliers on claim 9556, with the centre anomaly (Au Anomaly 2) being the most prominent.
2020 Soil Sampling Program
-
A total of 426 B-horizon soil samples were collected during a soil sampling program on both claim groups and submitted for gold and multi-element geochemical analysis.
-
Soil samples were mainly collected at 50 m stations along 100 m spaced survey lines with some stations spaced between 200 to 250 m to maximize the soil survey grid coverage.
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This soil sampling program was successful in outlining three main gold anomalies and several outliers on claim 9556, with the centre anomaly (Au Anomaly 2) being the most prominent.
2020 Soil Survey Results
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Soil samples returned gold (Au) values ranging from 5 ppb to 32 ppb. A total of 36 soil samples returned gold results above 10 ppb. Gold-in-soil assay results of 10 ppb or higher are considered very anomalous in the Clarence Stream area.
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Arsenic (As) soil survey results indicate two prominent anomalies on the western and eastern side of claim 9556 indicating its potential use as a pathfinder element
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The central gold-in-soil anomaly on claim 9556 appears to coincide with a weak magnetic high in the area.
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Additional prospecting and soil sampling is planned in the future to determine whether this central gold anomaly is associated with a deep intrusive body or potential fault structure and to fill in current gaps in the soil sampling survey.
