Location and Property
The Viking Project is located 10 km southwest the communities of Pollards Point and Sop’s Arm in White Bay, Newfoundland and Labrador, and approximately 180 km by road (100 km by barge) from Anaconda’s Pine Cove mill. The project is accessible via a 2.5 km forest road leading from provincial Route 420 that intersects the Trans-Canada Highway approximately 75 km to the south. Deer Lake Airport, with daily scheduled flights to St. John’s, Halifax and Toronto, is located roughly 120 km south of the property by road.
The Viking Project consists of ground acquired under two option agreements with Spruce Ridge Resources Ltd. (“Spruce Ridge”) on the adjoining Viking and Kramer Properties, as well as ground staked 100% by Anaconda. These agreements allow the Company to acquire a 100% undivided interest in the Viking Project. The Project is, in part, subject to NSR agreements with Altius Minerals Corp. (“Altius”) and Spruce Ridge. In total the Viking Project comprises 6,225 hectares of highly prospective mineral licenses and is similar in size to Anaconda’s Point Rousse Project.
The Viking Project is underlain by rocks of variable age that are separated along the large-scale Doucers Valley Fault system. The oldest rock units in the area are those of the Long Range Inlier which are mainly ~1500 Ma granitoid gneisses. Younger granites (~1030-980 Ma) intruded these gneisses as did late Precambrian (~613 Ma) ultramafic and mafic intrusions associated with the Long Range Dyke Complex. West of the Doucers Valley Fault feldspar augen granodiorite gneiss and younger monzogranite dykes are mapped as part the Main River Pluton which is correlated with the ca.1036 Ma Apsy Granite that occurs several km to the northeast. Mafic intrusive rocks of the Long Range Dyke Complex are characterised by fine to medium grained diorite to coarse gabbro. The mafic intrusions generally show distinct chilled margins and crosscut the older augen gneiss and monzogranite but also locally show strong effects of deformation, hydrothermal alteration and mineralization.
Humber Zone sedimentary sequences of Cambro-Ordovician age outcrop to the east of the Doucers Valley Fault and unconformably overlie rocks of the Main River Pluton. These rocks were initially deformed by late Ordovician tectonism and subsequent deformation during the Silurian. The eastern edge of the Inlier in this area was intruded by the Silurian Devil’s Room Granite (425±10 Ma) and Taylor Brook layered gabbro (430.5±2.5 Ma).
The Doucers Valley Fault marks the eastern limit at surface of the Long Range Inlier and is interpreted to have accommodated substantial amounts of both strike-slip and reverse slip motion beginning during the Ordovician and continuing episodically until early Carboniferous time. Deering (1989) considered this fault in the Viking area to be comprised of at least two or three parallel, steeply east-dipping main structures with secondary splays crossing the Long Range Inlier and showing association with gold mineralization. This fault zone is considered to mark a major tectono-stratigraphic break within the Appalachian orogen and to have a complex reactivation history throughout Paleozoic time. Predominantly sedimentary sequences of the Silurian Sops Arm Group occur east of the Doucers Valley Fault.
Topographic trends in the property areas are dominated by regional scale northeast trending stream valleys that mark major shear zone trends crossing the meta-igneous rocks of the area. Property scale mapping indicates that these features are secondary splays of the major north northeast striking Doucers Valley Fault. Several secondary splay structures have been defined to date on the Viking Project and both can be traced as topographic features to points of respective intersection with the Doucers Valley Fault. In addition to these major splays, detailed mapping along the Thor Trend has shown that north-south trending zones of shearing are also present on the property and that these, as well as some members of the northeast splay set of structures, have been the focus of extensive alteration associated with both low and high-grade styles of Au mineralization on the property.
Mineralization and alteration on the Viking Property are mainly developed in potassium-feldspar megacrystic to augen granodiorite of the Main River Pluton. Mineralization and alteration on the Kramer Property are developed in the Main River plutonic rocks and adjacent Cambro-Ordovician quartzites.