Wilding Lake Gold Project (NL, Canada)
In late September Altius completed an agreement to option/sell its Wilding Lake Gold project to Antler Gold Corporation (ANTL:TSXV) - www.antlergold.com - for 4.5 million shares of Antler, and retention of a 2% net smelter return royalty over the Project. Antler has committed to a minimum of $500,000 in exploration expense in the next 12 months.
The Wilding Lake gold property covers 17,200 hectares in south central, NL and is located immediately northeast of and adjacent to Marathon Gold Corporation’s Valentine Lake project [Mineral Resource of 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred), as of April 2015]. The land package covers more than 50 kilometres of strike length of the projected structure that is believed to control the regional gold mineralization such as at Valentine Lake.
The property features high grade gold mineralization within shear-related orogenic style quartz veins and quartz stockworks underneath a shallow overburden in an area that has not previously been systematically explored for gold. Mineralization at the Alder Zone occurs as coarse, free gold in association with chalcopyrite, rare scheelite and gold-silver telluride, in association with tourmaline bearing quartz veins. 2016 trenching program highlights recently reported by Antler confirmed significant grades and widths including 8.7 g/t gold over 6.65 metres at the Alder zone and 20.6 g/t gold sample averages from the newly discovered Cedar-Elm zone, located 1.1 km northeast from Alder-Taz. Several other gold occurrences have now been discovered on the property.
For further technical and corporate insights into the Wilding lake Gold project and Antler Gold's planning please visit www.antlergold.com.