​Startrek
Gold-Antimony Option

Binding letter of intent  with 1259542 B.C. Ltd to enter into an Option Agreement  under which, the Optionee can earn up to a 70% interest in the Property.
  •  On Signing LOI: $25,000 cash payment and issuance of 133,333 common shares
  • First Anniversary: $150,000 of exploration expenditures, & cash payment $50,000 and issuance 300,000 common shares
  • Second Anniversary: $250,000 of exploration expenditures & cash payment  $75,000 and issuance 433,333 common shares
  • Third Anniversary: $500,000 of exploration expenditures.

Location and Access


  • The Startrek Gold-Antimony Project, located about 20 km east of Gander, Central Newfoundland, is situated about 25 km east of New Found Gold Corp’s Queensway Property and the Keats Discovery Zone which reported a diamond drill core intersection of 19.0 m at 92.9 g/t Au starting at 96 metres (see New Found Gold Corp. news release dated 9 September 2020).
 
  • The Property is accessible along the old abandoned provincial railway bed east of Benton. The rail bed has been designated a provincial park and requires a special permit for vehicle use other than ATV or skidoo. Alternate access is possible through the McCurdy gravel operations on the Reid Lot located north of the Trans-Canada Highway at the east end of Gander Lake.
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  • The Property consists of 276 claim units (026779M, 022588M and 027282M) covering approximately 11,040 ha.
  • Property is in the Gander Zone, underlain by rocks of the Gander Group that are divided into early to middle Ordovician Indian Bay Big Pond Formation, Cambrian and Early Ordovician Jonathan’s Pond Formation, and the Square Pond Gneiss. 
  • The Indian Bay Big Pond Fm tends to be characterized by more prevalent black pelites versus the quartz rich psammites of the Jonathan’s Pond Fm.
  • The Square Pond Gneiss occupies the eastern part of the property and is a km wide belt of rocks that underlie metamorphosed equivalents of Gander Group rocks.
Western Zone: quartz stockwork and veins that at times, crosscut local stratigraphy. Rubicon reported anomalous gold in rock grab samples occurring periodically over the 2 km strike length. Numerous small folds were observed in the sedimentary host rock but due to the thin cover it was difficult to determine if there was epithermal veining present. Rock grab sampling (nine samples) by White Metal returned assays ranging from <5 ppb to 3582 ppb Au (3.6 g/t Au). This area contained up to 0.83% Sb (antimony)

Central Zone: One grab sample assayed 40942 ppb Au (40.9 g/t Au) and 6700 ppb Ag (6.7 g/t Ag. The intriguing feature about this horizon is the epithermal vein system contains geyserite (opaline silica), lattice-type veining, and fluorite in the historical Rubicon trenches. The epithermal veins can be traced for approximately 2 km along strike.

Eastern Zone: this zone can be traced intermittently for 2 km and is described as intensely silicified with tourmaline and chlorite alteration, abundant arsenic and anomalous tungsten (W) and gold. Two areas within this zone, Garlic Hill and Creek One. Assays range from 12 ppb to 3.5 ppb Au and average 130 ppb Au. At Garlic Hill, a 10 to 12 metre-wide zone of silicification contains abundant arsenic and returned assays up to 305 ppb Au.