2014 Peter Snout Assessment Report Licence 21733M

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011P/13/0258

Assessment Report On Data Compilation, Sampling and Lithogeochemistry of Historic Drill Core on the Peter Snout Property (Licence 021733M), South Western Newfoundland

NTS Sheet 11P/13

Newfoundland and Labrador

Canada

Total Claims: 63 Total Expenditure: $16,505.84

Submitted on behalf of

Coastal Gold Corp.

Prepared by

Blake Hylands, B.Sc., P.Geo.

And

David A. Copeland, M.Sc., P.Geo.

April 20th, 2015

Assessment Work Report Licence 21733M April 20th, 2015

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TABLE OF CONTENTS

SUMMARY ................................................................................................................................... V

1.0 INTRODUCTION AND TERMS OF REFERENCE ................................................... 8 2.0 PROPERTY DESCRIPTION AND LOCATION ......................................................... 8 3.0 ACCESSIBILITY, LOCAL RESOURCES AND INFRASTRUCTURE ................... 8 4.0 CLIMATE AND PHYSIOGRAPHY ............................................................................ 10

4.1 Climate .............................................................................................................................. 10 4.2 Physiography..................................................................................................................... 11

5.0 EXPLORATION HISTORY ............................................................................................. 11 6.0 GEOLOGICAL SETTING ............................................................................................ 13

6.1 Tectonic Framework Summary ......................................................................................... 13 6.2 Regional Geology ............................................................................................................. 13 6.3 Property Geology .............................................................................................................. 15

7.0 MINERALIZATION AND DEPOSIT TYPES ............................................................ 19 7.1 Mineralization ................................................................................................................... 19 7.2 Deposit Models and Classification ................................................................................... 20

8.0 EXPLORATION ............................................................................................................. 23 8.1 Data Compilation .............................................................................................................. 23 8.2 Drill Core Review ............................................................................................................. 23 8.3 Geochemistry .................................................................................................................... 30 8.4 Site Visit............................................................................................................................ 38 8.5 Expenditures ..................................................................................................................... 40

9.0 DISCUSSION AND CONCLUSIONS .......................................................................... 41 10.0 RECOMMENDATIONS ................................................................................................ 41 11.0 REFERENCES CITED AND SELECTED REFERENCES ...................................... 43 12.0 STATEMENT OF QUALIFICATIONS ..................................................................... 53

LIST OF APPENDICES

APPENDIX I: LIST OF PERSONNEL AND CONTRACTORS……………..…AT END APPENDIX II: ANALYTICAL CERTIFICATES………………………………..AT END DATA DISK:……………………………………………………………………………..AT END


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LIST OF FIGURES

Figure 1:Project Location map ...................................................................................................... 9

Figure 2: Claims Location Map ................................................................................................... 10

Figure 3: Regional Geological Map of the Peter Snout Area ...................................................... 16

Figure 4: Detailed Geology of the Peter Snout Prospect (after Legein, 1980a,1980b, 1983 and

Holmes, 1986). .............................................................................................................................. 17

Figure 5: Summary of igneous activity and alteration in the Peter Snout area ........................... 18

Figure 6: Schematic model for gold mineralization at the Hope Brook Deposit. ........................ 21

Figure 7: Schematic diagram through an ideal high-sulphidation Au-Cu environment (upper

diagram) and typical asymmetric alteration zonation about a high-sulphidation system (after

Hedenquist et al., 2000). ............................................................................................................... 22

Figure 8: Q202301 - Dark grey, fine grained matrix with light grey porphyritic quartz and

feldspar about 1-5mm in size, anhedral to subhedral shape. Very weakly foliated, some

alignment of elongated minerals. No sulphides visible. 50% matrix, 25% quartz, 25% feldspar.25

Figure 9: Sample Q202302 - Light to medium grey, fine grained, silicified with abundant

euhedral pyrite 1-2mm grain size, foliated defined by planes of sericite. Minor chalcopyrite

present. Sulphide veins are ~1-2mm wide and are subparallel to foliation and in some areas

sulphides are massive and coarse grained, 1-2mm. 60% quartz, 20% pyrite, 20% sericite. ....... 26

Figure 10: Sample Q202303 - Light grey and brown, fine grained, heavily silicified sugary

texture, weakly folitated defined by sericite planes. Pyrite veins 1-1.5mm wide, fine grained and

subparallel to foliation. 85% quartz, 5% pyrite, 10% sericite, trace chalcopyrite ...................... 27

Figure 11: Sample Q202304 - Light grey and brown, fine grained, heavily silicified, weakly

foliated defined by sericite. Pyrite veins 0.5-1mm wide parallel to foliation, fine grained. 85%

quartz, 2% pyrite, 13% sericite, trace chalcopyrite. .................................................................... 28

Figure 12: Q202305 - Light grey, fine grained, heavily foliated defined by sericite, pyrite in very

thin veins <1mm wide and fine grained, black mineral present (hornblende/tourmaline?) with

anhedral shape, ~1mm wide. 60% quartz, 39% sericite, 1% pyrite, trace hbl/tourmaline. ......... 29

Figure 13: Alteration box plot of the Advanced Argillic Alteration Index versus the Alteration

Index (Ishikawa et al., 1976) for samples from the Peter Snout Prospect (red circles) with data

for advanced argillic altered rocks from Hope Brook (green triangles). After Williams and

Davidson (2004)............................................................................................................................ 31


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Figure 14: Alteration box plot of the Chlorite-Carbonate-Pyrite Index (CCPI) versus the

Alteration Index (Ishikawa et al., 1976) for samples from the Peter Snout Prospect (grey crosses)

with data for advanced argillic altered rocks from Hope Brook (green triangles). After Large et

al. (2001). ...................................................................................................................................... 32

Figure 15: NMORB-normalized expanded trace and REE element spider diagram after Sun and

McDonough (1989). The diagram compares the chemistry of the Roti Intrusive Suite (purple

diamonds) to the Peter Snout samples (grey crosses). Other than two samples with slightly lower

Zr and Hf, the samples plot along the same trend. ....................................................................... 34


McDonough (1989). Purple diamonds = Roti Intrusive; Grey crosses = Peter Snout. Red

inverted triangles = Yanacocha, Peru (Longo et al., 2010). ........................................................ 34

Figure 17: Zr-Y discrimination plot after Pearce et al. (1984). The diagram compares the

chemistry of the Roti Intrusive Suite (purple diamonds) to the Peter Snout samples (grey

crosses). Three of the Peter Snout samples plot along the same trend as the Roti Intrusive Suite.

The two samples with lower Zr are interpreted to be the result of Zr mobility during

hydrothermal alteration. ............................................................................................................... 35

Figure 18: Yb-Y discrimination plot. Purple diamonds = Roti Intrusive; Grey crosses = Peter

Snout. Red inverted triangles = Yanacocha, Peru (Longo et al., 2010). Roti and Peter Snout

samples plot along the same trend suggesting a fractionation from a common magmatic source

type. ............................................................................................................................................... 35

Figure 19: TiO2 versus Al2O3/TiO2 plot. Purple diamonds = Roti Intrusive; Grey crosses = Peter

Snout. Red inverted triangles = Yanacocha, Peru (Longo et al., 2010). ..................................... 36

Figure 20: Trace element rock type discrimination diagram after Pearce (1996). The diagram

compares the chemistry of the Roti Intrusive Suite (purple diamonds) to the Peter Snout samples

(grey crosses). Three of the samples plot within the andesite to rhyolite/dacite fields while two

sample plot within the basalt field likely due to Zr loss in those samples. ................................... 36

Figure 21: Trace element rock type discrimination diagram after Barrett and MacLean (1999).

The diagram compares the chemistry of the Roti Intrusive Suite (purple diamonds) to the Peter

Snout samples (grey crosses). Three of the samples plot within the transitional field while two

samples are tholeiitic likely due to Zr mobility during hydrothermal alteration. ........................ 37


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Figure 22: Zr-Th-Nb discrimination plot after Wood (1980). The diagram compares the


crosses). All samples plot within the arc field (D) suggesting and arc environment for formation

of the volcanics/intrusives in the Peter Snout area. ...................................................................... 37

Figure 23: Nb-Y discrimination plot after Pearce et al. (1984). The diagram compares the


crosses). All samples (Roti and Peter Snout) plot within the I-type volcanic arc field. .............. 38

Figure 24: Coastal Gold geologist Blake Hylands examining an historic trench at the Peter

Snout Prospect. ............................................................................................................................. 39

Figure 25: Photo from helicopter of historic trenches at the Peter Snout Prospect. ................... 40

LIST OF MAPS

Map 1: Plan geological map of licence the Peter Snout Prospect.....………………….…….at end

Map 2: Soil and rock sample locations (Zn ppm)………………… ....………………….…….at end

Map 3: Airborne Total Field Magnetic Data Compilation Map....…………………….…….at end

LIST OF TABLES

Table 1: Historic Drill Core Samples, Peter Snout ...................................................................... 23

Table 2: Expenditures for licence 021733M. ................................................................................ 40


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SUMMARY

The Peter Snout Property is located in the Grandys River area 25 kilometres ENE of Coastal Gold’s Hope Brook Gold Project and 8 kilometres west of the Burgeo Highway in Southwestern Newfoundland. The Peter Snout Property comprises 1 mineral licence including 63 claims for a total area of 1,575 hectares. The licence is 100% owned by Coastal Gold Corp. The earliest record of geological mapping in the area was by Riley (1959) of the Geological Survey of Canada at a scale of 1:253,440. Buchans Mining Company undertook regional mapping at a scale of 1:63,360 at an undetermined date. In 1979, Smyth (1979a) briefly examined the west half of the Peter Snout area, as part of a reconnaissance mapping program which incorporated previous surveys in a 1:50,000 scale compilation (1979b). Chorlton (1980) mapped the N.T.S. map sheet at a scale of 1:50,000. The most recent geological map covering the area is the 1:50,000 scale map O'Brien and O’Brien (1989). Between 1980 and 1983 Utah Mines completed line-cutting, ground magnetic, dipole-dipole IP, VHEM, geology and soil geochemical surveys over the Peter Snout Property. The exploration programs led to the discovery of a zone of silicification and sericitization hosted within felsic volcanic rocks. Two diamond drill holes (82-1 and 82-2; totalling 262.4 m) were drilled to test two small high soil geochemical anomalies with coincident IP anomalies within the altered volcanics. In 1984 BP-Selco Resources completed a farm-in agreement with Utah Mines on the Peter Snout Property and performed reconnaissance geological mapping, rock chip collection, lake sediment sampling, reconnaissance and sampling a 643 line kilometre (250 m line spacing) Questor airborne magnetic survey. Three diamond drill holes (84-3, 84-4, 84-5) were drilled to test an altered zone in an area of an anomalous Au geochemistry and IP anomaly. In the summer of 1985, BP-Selco completed a program of trenching, rock chip sampling, ground VLF-EM surveying and deep overburden pionjar sampling. In 1986, BP completed a dipole-dipole IP survey and an additional 6 drillholes (86-6 to 86-11) of BQ core drilling totalling 836.6 metres. From March 21 to 25 and September 20 to October 1, Coastal Gold completed digital compilation of historic exploration data from the Peter Snout area. Field work comprised a review of historic diamond drill core at the Government of Newfoundland and Labrador core storage library in Pasadena, NL from October 2 to 5, 2014 and a site visit to the Peter Snout Property on October 4 and 7, 2014. Five samples were collected from historic drill core from the prospect and analysed for major and trace element geochemistry in order to better characterize the rocks hosting the Peter Snout Prospect. A total of $16,505.84 was spent on exploration on licence 021733M. Field examination of the Peter Snout rocks and historic drillcore has led Coastal Gold geologists along with previous workers to recognize a similar stratigraphic and alteration environment to that present at the Hope Brook deposit. Base metal and barite mineralization present at Peter


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Snout are similar to the pyrite zone at Hope Brook, suggestive of being relatively high in the hydrothermal system. Geochemical data and plots indicate that the volcanic and intrusive rocks hosting the Peter Snout prospect are andesitic to dacitic/rhyolitic in composition. The trace element and REE patterns indicate that the Peter Snout rocks and Roti intrusive rocks at Hope Brook have a common source magma suggesting that the host stratigraphy at Peter Snout is Neoprotorozoic age and likely correlative with the Third Pond Tuff and Whittle Hill Sandstone. The volcanics and intrusions are part of a transitional (Roti) volcanic or continental margin magmatic arc system that likely generated above and as part of a subducting oceanic slab near the Avalon continental margin. The Peter Snout and Roti Intrusive Suite have Zr-Y-Yb systematics that support a common source magma in similar fractional crystallization history. Moreover, the trace element systematics of the Peter Snout and Roti intrusive suite rocks show remarkable similarities to younger calc-alkaline to transitional arc systems that are host to giant high-sulphidation epithermal and porphyry deposits (e.g. Yanacocha, Peru). These types of calc-alkaline to transitional environments are favourable for the formation of giant epithermal gold deposits where calc-alkaline intrusions and porphyry related systems are nearby. The similar chemistry between the Roti Intrusive Suite and the rocks in the Peter Snout area, extends the potential host stratigraphy for high-sulphidation epithermal and porphyry deposits northeast to the Peter Snout area; with permissive stratigraphy now extending 45+ kilometres from the Grand Bruit area NE to the Burgeo highway. Similar chemistry with intrusive host rocks at Yanacocha and in particular Lepanto suggest that the Roti Suite and Peter Snout rocks provide a permissive environment for the formation of Porphyry Cu-Au deposits within the Hope Brook Area. Alteration (variable advanced argillic-aluminous alteration without true silicification) and mineralization (elevated base metals and barite; low gold grades) sampled to date suggests that siliceous mineralized ore and associated porphyry systems are likely located at structural and stratigraphic depth. The current vector, as was previously suggested by Holmes in 1986 is likely to the SW at depth (~50-100 m) in order to discover possible Au-Cu epithermal to mesothermal high-sulphidation mineralization, although no current vector has been established via geochemistry, VIRS spectroscopy or geophysics. Recommended exploration work to be completed on the Peter Snout Property during 2015 includes:

1) Re-log all available historical diamond drill core in Pasadena, NL (10 days inc. travel) –$15,000

2) Acquire satellite imagery for project area –$2,500 3) Grid line cutting (22 line kms) - $10,000 4) IP Geophysical survey (20 line kms; 25 metre pole-dipole array n=8) - $50,000 5) Geological mapping (20 line kms; 14 days) - $17,500 6) Helicopter/camp support for line cutting, IP geophysics and geology (25 days) - $125,000


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7) Geochemistry and Terrapec VIRS (150 rock samples) - $10,000 8) Report writing and project management - $15,000

Total cost of the proposed work is $237,500.


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1.0 INTRODUCTION AND TERMS OF REFERENCE This report summarizes the results of an exploration program undertaken on licence 21733M of Coastal Gold Corp.’s Peter Snout Project. The report covers data compilation, historic drill core review and reconnaissance style prospecting that was completed between March 21 and October 7, 2014. All coordinates referred to in the report are Universal Transverse Mercator, North American Datum 83 or local mine grid coordinates, unless otherwise stated.

2.0 PROPERTY DESCRIPTION AND LOCATION The Peter Snout Property was acquired by map staking on November 19, 2013. The map staked licence, 021733M, comprises 63 claims a total area of 1,575 hectares (Figure 2). The licence is 100% owned by Coastal Gold Corp. 3.0 ACCESSIBILITY, LOCAL RESOURCES AND INFRASTRUCTURE The Peter Snout prospect is located in the Grandys River area 25 kilometres ENE of Coastal Gold’s Hope Brook Gold Project and 8 kilometres west of the Burgeo Highway (Figure 1), and is not accessible by any form of highway transportation at this time. Direct site access to the Peter Snout Property can be gained by helicopter from commercial bases in the Deer Lake-Pasadena area, approximately 120 km to the north, or from Top Pond outfitter base during moose hunting season (October to January annually). The nearest community to the property is the Town of Burgeo, NL. On the broader geographic front, the communities of Corner Brook (20,083 population – 2006 census), Deer Lake (4,827 population – 2006 census) Pasadena (3,180 population – 2006 census) and Stephenville (6,588 population – 2006 census) in western Newfoundland combine to provide a wide range of services and logistical support capabilities. These include daily scheduled flights by national air carriers from Deer Lake to transportation centers such as Halifax, NS, Toronto, ON and St. John’s, NL, as well as regional carrier service to smaller centers such as Goose Bay and Gander, NL. Charter fixed wing aircraft and helicopter services are available through local flight bases in Pasadena and Deer Lake and the Trans-Canada Highway (Highway 105) connects these communities with the rest of Canada via the CN Marine ferry service between Port aux Basques, NL and North Sydney, NS.


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Figure 1:Project Location map


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Figure 2: Claims Location Map

4.0 CLIMATE AND PHYSIOGRAPHY 4.1 Climate The climate of southwestern coastal Newfoundland is strongly affected by proximity of the Atlantic Ocean which exerts a moderating effect with respect to temperature extremes. However, dramatic seasonal variations occur, with winter conditions of freezing temperatures and moderate to heavy snowfall expected from late December through late March. Spring and fall seasons are cool, with frequent periods of rain and frequent heavy fog. Summer conditions typically prevail from July through early September and provide good working conditions for field parties. Environment Canada records for the 1971 to 2000 period for Burgeo show daily mean temperatures in August of 14.7 degrees C and an average maximum August daily temperature of 18.1 degrees C. Average daily winter maximum temperature in February is -2.6 degrees C and the corresponding average minimum is -10.4 degrees C. The extreme winter minimum is -25.9 degrees C. Average yearly precipitation totals 1708.6 mm which includes 276.7 centimeters of snowfall. Weather and site conditions during the spring breakup period can prevent some exploration activities from being carried out due to high water levels and remnant snow cover. Scheduling of field activities to avoid this period is advisable. Winter programs can be carried


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out with adequate consideration given to noted snowfall and cold temperature conditions as well as potentially high wind conditions that generally accompany storm events. 4.2 Physiography Topography of the Peter Snout area defines two distinct physiographic elevation domains that correspond to differing underlying bedrock types. The first is characterised by a gently rolling land surface having predominantly tundra attributes that rises from sea level to an elevation of approximately 150 m above sea level. This area is generally underlain by rocks of the late Proterozoic stratified volcano-sedimentary sequences of the Whittle Hill Sandstone – Third Pond Tuff succession plus Lower Paleozoic and younger igneous intrusions. The second topographic domain rises abruptly from the first and broadly corresponds with transition to areas underlain by Silurian rocks of the La Poile Group. Topographic relief across the property ranges from sea level to a maximum of approximately 400 m with a gradual increase in elevation occurring from south to north across the property.

Barren land or tundra conditions characterize much of the Peter Snout area, with irregularly developed coniferous forest cover consisting primarily of black spruce being discontinuously present in river valley bottom areas and along protected side valleys or slopes. Substantial areas of boggy ground with associated peat development are also present, as are areas of stunted low growth tuckamore. Barren land expanses are characterised by lichen and moss cover interspersed with grasses and low bushes of various types. Outcropping bedrock is extensively developed in many areas, particularly at higher elevations and in barren land settings and this facilitates prospecting and geological mapping activities. Well-developed soil profiles are present along valleys and where glacial overburden is comprised of thicker till sections, but limited development of only organic layers is otherwise common. The entire Peter Snout area has been glaciated and most low relief areas are now mantled with a thin to moderately thick layer of till and/or glacial fluvial deposits. In contrast, upland areas are characterized by abundance of angular bedrock outcroppings, including steep cliff and slope exposures that locally account for more than 80 percent of surface area. Relatively youthful drainage systems characterize the region, with first order north-south river valleys showing high gradient transitions to surrounding uplands through short second and third order stream systems. Low relief areas in both upland and lowland settings are generally characterised by abundance of small lakes and ponds with poorly developed, if any, interconnecting drainage systems. Glacial modification of bedrock ridges and outcroppings is commonly evident through ridge morphology, rounding, polishing and presence of well-developed striation sets. 5.0 EXPLORATION HISTORY The earliest record of geological mapping in the area was by Riley (1959) of the Geological Survey of Canada at a scale of 1:253,440. Buchans Mining Company undertook regional mapping at a scale of 1:63,360 at an undetermined date. In 1979, Smyth (1979a) briefly examined the west half of the Peter Snout area, as part of a reconnaissance mapping program which incorporated previous surveys in a 1:50,000 scale compilation (1979b). Chorlton (1980)


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mapped the N.T.S. map sheet at a scale of 1:50,000. The most recent geological map covering the area is the 1:50,000 scale map O'Brien and O’Brien (1989). 1980 (Utah Mines) – In the summer of 1980 Utah Mines Ltd. completed a total of 15.5 miles of line-cutting, 10.8 line miles of magnetometer and VHEM surveying, 8.1 line miles of Max-MinII HEM surveying and collected 511 b-horizon soil samples on the “South Block” of the Peter Snout Property (Legein, 1980a). The same summer Utah Mines Ltd. also completed a total of 30 miles of line-cutting, 26 line miles of magnetometer and VHEM surveying and collected 1130 b-horizon soil samples on the “North Block” of the Peter Snout Property (Legein, 1980b). 1982 and 1983 (Utah Mines) – In the summer of 1982 Utah Mines completed 7.0 line kilometres of dipole-dipole IP geophysics, detailed soil geochemical surveys and grid geological mapping over the “South Block” of the Peter Snout Property. The exploration programs led to the discovery of a zone of silicification and sericitization hosted within felsic volcanic rocks. Two diamond drill holes were drilled to test two small high soil geochemical anomalies with coincident IP anomalies within the altered volcanics (Legein, 1982). The holes (82-1 and 82-2) were sunk to depths of 141.7 and 120.7 m respectively, totalling 262.4 m. During the summer of 1983, grid lines were extended and additional dipole-dipole IP surveying, detailed soil geochemistry sampling and detailed geology mapping was completed on the South Block by Utah Mines Ltd. (Legein, 1983). 1984 to 1986 (BP-Selco) - In 1984, BP-Selco Resources completed a farm-in agreement with Utah Mines on the Peter Snout Property and performed reconnaissance geological mapping, rock chip collection, lake sediment sampling, reconnaissance and sampling a 643 line kilometre (250 m line spacing) Questor airborne magnetic survey (Lechow, 1985; Holmes, 1985a and b). Three diamond drill holes (84-3, 84-4, 84-5) were drilled to test an altered zone in an area of an anomalous Au geochemistry and IP anomaly (Holmes, 1985a). In the summer of 1985, BP-Selco completed a program of trenching (13 trenches and pits), rock chip sampling (319 samples), a 15.4 line kilometre VLF-EM survey and deep overburden pionjar sampling (320 samples). The overburden sampling program was completed on 25 metres spaced stations on lines 125 metres apart (Holmes, 1985b). In 1986, BP completed a dipole-dipole IP survey on 3 lines, spaced 150 metres apart with a dipole spacing of 50 metres. An additional 6 drillholes (86-6 to 86-11) of BQ core drilling totalling 836.6 metres were completed on the Peter Snout Prospect (Holmes, 1986). 2007 and 2008 (Quinlan) – During 2007 and 2008 Roland Quinlan completed prospecting of the Peter Snout area which led to the collection of 33 samples (Quinlan, 2007; Quinlan, 2009). No work outside of limited prospecting has been completed at Peter Snout since it was held by BP-Selco. There is evidence in Coastal Gold’s Hope Brook files that Royal Oak Mines


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completed a digital data compilation of the Peter Snout Area, but there is no record of the company having completed additional field work. 6.0 GEOLOGICAL SETTING 6.1 Tectonic Framework Summary The Peter Snout property is currently interpreted to occur within the Avalon Zone of the Appalachian Orogen, near its generally east-west trending tectonic contact with adjacent rocks of the Dunnage Zone (Figure 5). However, earlier interpretations assigned this area to the Gander Zone. As discussed by O Brien et al. (1998) the Avalon Zone represents a late Neo-Proterozoic (760-540 Ma) assemblage of active plate margin sequences that accumulated prior to development and closure of the Lower Paleozoic Iapetan Oceanic system. Sequences of Avalonian affinity occur throughout much of the Appalachian Orogen, and extend from the Avalon Peninsula and southwest coast areas of Newfoundland, through Nova Scotia, New Brunswick and northern New England. From that point southward more discontinuously distributed outcropping segments occur as far as northern Georgia and subsurface extensions are interpreted to be present in Florida. Onshore exposures of the Avalon Zone are limited in comparison with its interpreted width of at least 600 km in the eastern offshore area of Newfoundland and Labrador. O’ Brien et al. (1998) summarized geological aspects of the Avalon Zone, particularly in context of magmatic history represented in the Newfoundland, and described four major tectono-stratigraphic events, these being ca. 760 Ma, ca. 680-670 Ma, 640-600 Ma and 595-560 Ma. Most significant of these from the perspective of magmatic activity is the 640-560 Ma period when substantial volumes of volcanic and plutonic rocks evolved under back-arc or continental arc settings, sometimes in broad association with terrestrial or marine siliciclastic sequences. These are related in time with development of auriferous, high level hydrothermal alteration systems along the entire length of the Avalon Zone and the nearby Hope Brook Au deposit is a major example of this metallogenic association. While various plate tectonic models for the Avalonian system have been invoked, with an evolving oceanic arc to back arc setting favoured by O’Brien et al. (1998) after consideration of earlier work such as that presented by Nance and Thompson (1996), with similarity noted between Avalon successions and those present in current Pacific rim settings. 6.2 Regional Geology

Historically, the Peter Snout showings were considered to be underlain by Ordovician intermediate to felsic pyroclastics of the George's Brook Formation, assigned to the La Poile Group (Chorlton, 1980). The George's Brook Formation is the name applied to a calc-alkaline sequence of metavolcanic and related rocks located at the southern end of the Newfoundland Central Mobile Belt in the La Poile Bay area. The formation consists of polydeformed, greenschist facies, mafic, intermediate, and felsic volcanic rocks, volcaniclastic rocks of pyroclastic and sedimentary origin, and unseparated mafic


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and intermediate dykes and sills. Pyroclastic rocks comprise a large proportion of the total volume of volcanic rock (Chorlton, 1985). The George's Brook Formation has been dated at 452 + 10 Ma using the Rb/Sr whole rock technique (initial 87Sr/86Sr = 0.70749 + 0.00035), confirming the pre-Devonian origin of these rocks (Chorlton, 1985). The Roti granite, is exposed to the south of the showings as an Ordovician sub-volcanic granodiorite, and is restricted to a few square kilometers in areal extent. Both the George's Brook Formation and the Roti Granite represent the La Poile Group in this area, and are found to be in contact with the Bay du Nord Group, across the Bay d'Est fault (Chorlton, 1980). These volcanics have an east-west strike and area generally steeply dipping. The rocks in the Peter Snout showings are described as being altered due to an intrusion of a 'quartz feldspar porphyry' (Holmes, 1985). The volcanics have been silicified, sericitized and pyritized. More recent work by Dubé et al. (1995) has indicated that the Roti intrusive suite ranges in age between 578Ma and 563Ma and that the intrusive suite and associated volcanic rocks of the Third Pond Tuff at Hope Brook are Neoproterozoic in age. Furthermore, mineralization and alteration at Hope Brook is constrained to be late Proterozoic in age and associated with emplacement of the Roti Intrusive Suite. The location of the Peter Snout area to the south of the convergence of the Bay d’Est and the projection of the Cinq Cerf shear zone is permissive for the area being underlain by a sequence of Neoproterozoic rocks (Figure 3). It is currently theorized the Peter Snout area represents the along strike projection of the Neoproterozoic Third Pond Tuff and Roti Intrusive Suite east of the Hope Brook Deposit. All pre-Silurian rocks were intruded by the multi-phase, calc-alkaline Roti Intrusive Suite that Dunning and O’Brien (1989) describe as having granodiorite, tonalite and quartz feldspar porphyry intrusive phases. Granodiorite of the suite was dated at 578±10 Ma and the Betty’s Pond Tonalite at 563±4 Ma (O’Brien et al. 1991, Stewart, 1992). Silurian intrusions also occur in the HBGP area, and include the Wild Cove Granite (499+3/-2 Ma), the Western Head Granite (429±2 Ma), Ernie Pond Gabbro (495±2) and Otter Point Granite (419±2 Ma), all of which show at least local evidence of syn-tectonic emplacement (Figure 5). The youngest Silurian intrusive phases were in part preferentially emplaced along discrete ductile deformation zones such as the Grand Bruit, Cinq Cerf and Bay d’Est Faults and predated emplacement of the generally undeformed Devonian Chetwynd Granite. The latter constitutes a large, post-orogenic intrusion that occurs northeast of the Hope Brook deposit/SW of Peter Snout prospect and crosscuts both Proterozoic and Silurian successions as well as ductile deformation fabrics associated with the Cinq Cerf Fault (O’Brien et al., 1991). Relative age relationships between various igneous emplacement phases pertinent to the Hope Brook-Peter Snout area are graphically summarized in Figure 5. Bedrock units within the area record a multi-phase deformation history beginning with development of amphibolite facies mineral assemblages in paragneisses and intermediate to felsic orthogniesses of the Cinq Cerf Gneiss complex. While not extensively exposed or studied, these rocks are considered to reflect pre-Late Proterozoic evolution of basement sequences upon which younger cover sequences were deposited and subsequently deformed. Dubé et al. (1998) note that late Proterozoic cover rocks of the Third Pond Tuff and Whittle Hill Sandstone units


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were affected by folding not seen in Silurian La Poile Group sequences and attributed related northeast trending folds and weak foliation to have developed prior to emplacement of the Wild Cove Granite and Ernie Pond Gabbro mentioned previously. This deformation appears to be correlative in time with development of the Grand Bruit Fault zone that substantially modified the originally unconformable contact between basement rocks of the Cinq Cerf Gneiss and subsequent Proterozoic cover rocks of the Third Pond Tuff and Whittle Hill Sandstone units. 6.3 Property Geology The geology of the Peter Snout Property is described by Holmes (1985) as being comprised dominantly of intercalated arkosic sandstones, wackes and minor polymictic conglomerate and blue quartz-bearing felsic crystal lithic tuff and chloritic mafic tuff (Figure 4). Blue quartz crystals within the felsic tuff are similar to those observed in the nearby felsic porphyritic intrusion that occupies the southern and eastern portions of the property (Roti Intrusive Suite). A suite of mafic dykes cut both the volcano-sedimentary stratigraphy and the Roti Intrusive Suite. This stratigraphy bears many similarities to that exposed at the Hope Brook Deposit to the southwest, where high-sulphidation epithermal Au-Cu mineralization is hosted by the Whittle Hill Sandstone, Third Pond Tuff and Roti Intrusive Suite.


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Figure 3: Regional Geological Map of the Peter Snout Area


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Figure 4: Detailed Geology of the Peter Snout Prospect (after Legein, 1980a,1980b, 1983 and Holmes, 1986).


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Figure 5: Summary of igneous activity and alteration in the Peter Snout area

Mid-Silurian rifting resulted in accumulation of felsic and mafic volcanic, epiclastic and clastic sedimentary sequences of the Silurian La Poile Group. Closure of associated basins and structural telescoping of these sequences with late Proterozoic stratified sequences and intrusions is interpreted to have occurred during late Silurian tectonism. This produced northeast trending, locally tight folds within the telescoped sequences, as well as regionally important zones of ductile shear. The Grand Bruit Fault was probably re-activated at this time and the important Cinq Cerf Fault that separates La Poile Group sequences from earlier-deformed late Proterozoic cover sequences was developed. The Cinq Cerf Fault is marked by highly strained and locally mylonitized volcanic, sedimentary and intrusive rocks that occur immediately north of the main Hope Brook AAZ, strike northeast, and dip southeast at moderate to steep angles. Alteration zone lithologies are also affected by the same ductile high strain fabrics. Both O’Brien et al. (1991) and Dubé et al. (1998) interpreted the Cinq Cerf Fault to be a regionally significant thrust that developed during basin closure orogenic activity. At the regional scale, the Cinq Cerf Fault is one of several east to northeast trending high strain zones that cut La Poile Group and older sequences and then merge with the Bay d’Est Fault zone. Some poorly defined northeast shears of this association may be related to the Au bearing alteration zones within the La Poile Group such as those at Old Man’s Pond and Phillips Brook.


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7.0 MINERALIZATION AND DEPOSIT TYPES 7.1 Mineralization There are several mineralized showings in the Peter Snout area. The showings typically comprise disseminated to stringer pyrite with base metal sulphides, barite and accessory silver and gold. The showings are hosted within felsic volcanics and sedimentary rocks of the area that are currently ascribed to the La Poile Group, but the current thinking is that these rocks belong to the Neoproterozoic Third Pond Tuff and Whittle Hill Sandstone units present at the nearby Hope Brook Deposit. The volcanic and sedimentary sequence in the area has been described by Holmes (1986) as fine-grained siliceous felsic volcanics and fine grained sedimentary rocks, composed of feldspar phenocrysts (10 percent), mafics (5 percent), occasional quartz eyes (up to 10 percent), disseminated pyrite (less than 5 percent, locally up to 20 percent), and occasional tourmaline in 2 mm wide veinlets or rosettes. These siliceous beds are interbedded with mafic tuff that is also silicified and pyritized (locally up to 10 percent). The mineralized sequence is exposed in several trenches completed in 1985. These exposures assay locally up to 0.23% Cu, 0.67%Zn, 0.50% Pb, >1.0% Ba, 41 ppm Ag and 570 ppb Au. The altered sequence is commonly elevated in barium with values locally in the thousands of ppm (Holmes, 1985). Drillhole 82-1 encountered trace disseminated galena and sphalerite over 60 Meters with the best assays in a deeper section of the hole was 4.35 % Pb, 11.2 % Zn, 1.13 ozs/t Ag and 6.6% barite over 0.5 meters within 5 meters of 1.09% Pb, 3.52% Zn and 0.27 ozs Ag. Drillhole 82-2 encountered 7.8 meters of trace to 2% sphalerite with a best assay interval of 3.58% Pb, 4.30% Zn, 3.55 ozs/t Ag and 8% barite over 0.7 meters within 3.6 meters of 1.55% Pb, 2.83% Zn, and 2.03 ozs/t Ag. Copper values averaged approximately 0.15% with gold trace to 0.2g/t in all drill holes. Interestingly, all holes encountered significant barite including and up to 25% over short intervals. Drillhole 86-6 intersected a 65 metre interval of quartz-sericite+/-chlorite alteration; the broadest zone of alteration to date on the property. The alteration zone is hosted within fine grained felsic tuffs and arkosic sandstone that are sericitized and locally silicified and contains between 1-5% fine disseminated pyrite. Mineralization within the alteration zone comprises sphalerite (up to 1592 ppm Zn), chalcopyrite (up to 3713 ppm Cu) and trace pyrophyllite along fractures and cleavage planes. The sequence is commonly cut by cm scale quartz-tourmaline + pyrite veins. Anomalous gold values between 50 and 267 ppb are found within the upper 30 metres of the altered interval and are associated with the highest concentration of base metal sulphides and pyrite. The altered and mineralized zone is interpreted to dip to the southwest at 35-40 degrees and Holmes (1986) indicated that deeper drilling beneath the current alteration zone was warranted.


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7.2 Deposit Models and Classification The Peter Snout property is believed to be a high-sulphidation epithermal style Au+base metal deposit similar to Hope Brook, and may represent a different geochemical level in the sequence. See section 9.3 Geochemistry for comparison to Hope Brook chemistry. O’Brien et al. (1998) reviewed Hope Brook deposit attributes in the context of other Au deposit within the Avalon Zone of the Appalachians and also with respect to genetic models considered most applicable. They note that origin of the AAZ and associated Au mineralization within an epithermal system was originally proposed by BP staff during the 1983-1985 exploration period and described by Woods (1984). Stewart (1992) attributed initial, structurally focused development of mineralization to influence of the Roti-Intrusive Suite, with modification through Silurian tectonism and igneous activity. Emplacement of the Devonian Chetwynd Granite was interpreted as having imparted a contact aureole metamorphic effect of Au grade enhancement in the most northeasterly part of the AAZ. Subsequent to the above, Dubé et al. (1998) reported that U-Pb age dating of pre/early alteration and post alteration quartz feldspar porphyry dikes established the age of the main stage of Au mineralization as being between 578 and 574 Ma. In combination with other well documented attributes of the deposit, they further determined that the causative hydrothermal alteration system was of the high sulphidation type commonly seen in association with acid-sulphate type epithermal systems. Evolving geological understanding with respect to the AAZ and associated Au mineralization shows that it is similar to high sulphidation type alteration systems commonly associated with epithermal systems. However, preserved textural features denoting a high crustal level, such as multi-stage or crustiform veining and complex hydrothermal breccias are lacking. In contrast, mineralized zones show widespread distribution of very fine grained, disseminated Au and sulphides associated with intense silicification that overprints an enigmatic pre-existing foliation that could be predominantly primary in origin or in part related to late Proterozoic deformation. This suggests a deeper level of AAZ development, possibly within or adjacent to an evolving structural zone that was exploited by Roti Intrusive Suite quartz feldspar porphyry and mafic dikes. Based on results of the various deposit studies completed to date, the Hope Brook deposit and by extension the Peter Snout Prospect is considered to be most appropriately classified as a late Proterozoic, high sulphidation mineralizing system characterized by disseminated Au that shows deep epithermal affinity, possible original structural focus and genetic association with the Roti Intrusive Suite. Figure 6 presents a schematic representation of this setting.


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Figure 6: Schematic model for gold mineralization at the Hope Brook Deposit.

The target deposit type at the Peter Snout Property is high-sulphidation epithermal Au-Cu deposits similar to that at Hope Brook and associated and deeper formed Cu-porphyry deposits (Figures 6 and 7). High-sulphidation mesothermal to epithermal Au-Cu deposits generally form within continental volcanic arc systems in generally subarial to shallow marine environments. These deposits form from alteration fluids (dominantly rich in SO2, HF, HCl) that are derived from de-volatilization of an underlying intrusive body (Figure 7). As the fluids ascent through the overlying rock (generally contemporaneous sediments and volcanics) they interact with the host rock and groundwater or seawater and form strong acids. The highly acidic fluids leach the host rock leaving only silica behind, often with a vuggy texture. Gold and copper dissolved within the acidic fluid and fluids that continually flow through the vuggy silica may precipitate and lead to economic concentrations of these metals. The protolith to the siliceous alteration is often a unit that permeable to hydrothermal fluids such as a volcanic breccia or sedimentary rock.


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Figure 7: Schematic diagram through an ideal high-sulphidation Au-Cu environment (upper

diagram) and typical asymmetric alteration zonation about a high-sulphidation system (after

Hedenquist et al., 2000).

The acidic fluids are progressively neutralized by the rock the further they move away from the permeable unit. The rocks in turn are altered by the fluids into progressively more neutral-stable minerals the further away from the zone of silicification. As a result, definable zones of alteration minerals are developed generally asymmetric to the zone of silicification. Typically the


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sequence progresses from vuggy silica (permeable horizon) progressing through quartz-alunite to kaolinite-dickite, illite rich rock, to chlorite rich rock at the outer reaches of alteration (Figure 7). Alunite (a sulphate mineral) and kaolinite, dickite, illite and chlorite (clay minerals) are generally whitish to yellowish in colour and generally form widespread zone of alteration. 8.0 EXPLORATION 8.1 Data Compilation Between March 21 and 25, 2014, Coastal Gold completed a digital compilation of the historic exploration data from the Peter Snout Project area. Data compiled included regional and property geology, airborne geophysics, trench and diamond drill locations, rock samples, soil samples and structural geology data. All data was compiled in ArcGIS 10 software in UTM NAD83. The digital files resulting from the compilation work accompany this report. A list of personnel and contractors is presented in Appendix I and analytical certificates are presented in Appendix II. Between September 20th and October 1st, 2014, Blake Hylands completed further data compilation on the projects leading up to a review of historic diamond drill core and a site visit in early October. In November and December 2014, Gerry Kilfoil from the Department of Mines and Energy completed a digital compilation of the 1985 BP-Selco Questor magnetic survey data. 8.2 Drill Core Review Between October 2nd and 5th, 2014, Blake Hylands and Noah Rowsell completed a two day review of historic diamond drill core from the Perter Snout Project at the Department of Mines and Energy Core Storage Facility in Pasadena, NL. Drill core from holes PS 86-6, 86-7, 82-1, 82-2, 84-4, and 84-3 was reviewed. Core from holes 86-10 and 86-11 were unable to be located despite being listed as available in core library. A total of 5 samples (Q202301 to Q202305) were collected from drill hole 86-6 (Table 1; Figures 8 to 12). These samples were sent to ALS Minerals in Sudbury, ON for multi-element geochemical analysis via ICP, MS and XRF (methods ME-ICP61, ME-MS81, ME-XRF06). The samples were also sent to Dr. Neil Banerjee and Erika Cayer at Western University as part of an ongoing research project that involves the Hope Brook Deposit. The samples will be analysed at Western for oxygen isotopes and mineralogy via powder x-ray diffraction. Table 1: Historic Drill Core Samples, Peter Snout

Hole ID Sample ID From To

86-6 Q202301 4.5 5.5

86-6 Q202302 25.9 26.9

86-6 Q202303 32.8 33.8


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86-6 Q202304 45.0 46.0

86-6 Q202305 68.0 69.0 The work carried out at the Pasadena core library and at the Peter Snout Property confirmed similarities to Hope Brook alteration written about in historical documents. While not a large amount of mapping or sampling took place on this initial visit, the correlation between the two properties is not difficult to conclude. Also, after reviewing 6 of the possible 11 drillholes available for this property, and seeing outcrop in open trenches, a differing opinion on the host rocks has been formed and could be important to understanding how far this style of alteration could continue along the belt.


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Figure 8: Q202301 - Dark grey, fine grained matrix with light grey porphyritic quartz and

feldspar about 1-5mm in size, anhedral to subhedral shape. Very weakly foliated, some

alignment of elongated minerals. No sulphides visible. 50% matrix, 25% quartz, 25% feldspar.


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Figure 9: Sample Q202302 - Light to medium grey, fine grained, silicified with abundant

euhedral pyrite 1-2mm grain size, foliated defined by planes of sericite. Minor chalcopyrite

present. Sulphide veins are ~1-2mm wide and are subparallel to foliation and in some areas

sulphides are massive and coarse grained, 1-2mm. 60% quartz, 20% pyrite, 20% sericite.


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Figure 10: Sample Q202303 - Light grey and brown, fine grained, heavily silicified sugary

texture, weakly folitated defined by sericite planes. Pyrite veins 1-1.5mm wide, fine grained and

subparallel to foliation. 85% quartz, 5% pyrite, 10% sericite, trace chalcopyrite


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Figure 11: Sample Q202304 - Light grey and brown, fine grained, heavily silicified, weakly

foliated defined by sericite. Pyrite veins 0.5-1mm wide parallel to foliation, fine grained. 85%

quartz, 2% pyrite, 13% sericite, trace chalcopyrite.


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Figure 12: Q202305 - Light grey, fine grained, heavily foliated defined by sericite, pyrite in very

thin veins <1mm wide and fine grained, black mineral present (hornblende/tourmaline?) with

anhedral shape, ~1mm wide. 60% quartz, 39% sericite, 1% pyrite, trace hbl/tourmaline.


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8.3 Geochemistry 8.3.1 Mineralization Samples collected from drillhole 86-6 were collected for geochemical characterization and not necessarily selected to test for precious or base metal mineralization and gold was not analysed. Pyrite and chalcopyrite mineralization was present in each of the samples with the exception of Q202301. Sample Q202302 and contains 3370 ppm Cu, 102 ppm Mo and 1.6 g/t Ag. Sample Q202303 contains 1490 ppm Cu. Sample Q202304 contains 491 ppm Zn and 0.92% BaO. Within this small dataset initial observation are that there is a direct correlation between Ba and Zn particularly when looking at the Ba/Sr ratio. There is no obvious correlation between Zn and Cu within the mineralizing system. Cu correlates well with several elevated alteration indices including the Chlorite Index, CCPI and Alteration Index (defined below). The elevated base metal sulphides, barium and presence of barite are suggestive that the current zone of drilling at Peter Snout is relatively high within the overall alteration and mineralizing system. These features are observed within the Pyrite Zone that sits in the immediate (20-30 m) hangingwall of the Hope Brook Deposit. This matches visual observations of the core where the rocks “look” the same as the Pyrite Zone. 8.3.2 Alteration Geochemistry The 5 rock samples collected from drillhole 86-6 were visually altered with variable degrees of silica, sericite and pyrite alteration. The major element analyses of these samples demonstrate that the Peter Snout rocks are strongly altered using a variety of standard VMS and epithermal gold-related alteration indices, including the Advanced Argillic Alteration Index of Williams and Davidson (2004) where AAAI = 100 x (SiO2/(SiO2 + 10MgO + 10CaO + 10 Na2O)). Sample Q202301 is least altered and plots within the unaltered box on the Williams and Davidson (2004) plot and Large et al. (2001) (Figures 13 and 14). All other samples show varying degrees of advanced argillic and VMS style alteration (Alteration Index (AI) = 100 x ((K2O + MgO)/(K2O + Na2O + CaO + MgO)); Ishikawa et al., 1976 and CCPI = 100 x ((MgO + Fe2O3)/(MgO + Fe2O3

+ K2O + Na2O)). The presence of relatively abundant Al2O3 of ~7-15 weight percent within the Peter Snout rocks and comparisons to the silicified mineralized zone at Hope Brook suggest that rocks sampled at Peter Snout have not experienced as strong a degree of hydrothermal alteration as observed at Hope Brook and may sit in a stratigraphic position more correlative with the Pyrite Zone at Hope Brook. At Hope Brook gold grades exceeding 5 g Au/t (or slightly higher than the average grade of the mined deposit) are K depleted (<1.0%), Na-depleted (<0.5%), Ca-depleted (<2.0%), Mg-


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depleted (<0.75%) and have an optimal range of Fe concentrations from 2-12% and contains >80% SiO2.

Figure 13: Alteration box plot of the Advanced Argillic Alteration Index versus the Alteration

Index (Ishikawa et al., 1976) for samples from the Peter Snout Prospect (red circles) with data

for advanced argillic altered rocks from Hope Brook (green triangles). After Williams and

Davidson (2004).


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Figure 14: Alteration box plot of the Chlorite-Carbonate-Pyrite Index (CCPI) versus the

Alteration Index (Ishikawa et al., 1976) for samples from the Peter Snout Prospect (grey crosses)

with data for advanced argillic altered rocks from Hope Brook (green triangles). After Large et

al. (2001).

8.3.3 Primary Geochemistry Given that the samples have experienced a high degree of hydrothermal alteration, relatively immobile trace elements (e.g. Zr, Y, Ti) should be used for primary lithogeochemical characterization of the rocks. However, slightly lower Zr and Hf are apparent in samples Q202302 and Q202304 (two of the most intensely altered samples) and it seems likely that there is a degree of Zr and Hf mobility (loss) during hydrothermal alteration. Mobility of high-field strength elements (HFSE) such as Zr has been observed in some advanced argillic alteration systems where highly acidic hydrothermal fluids are present. The potential for Zr mobility is best represented on the extended NMORB-normalized spider diagram of Sun and McDonough (1989) where Zr and Hf show lower values relative to other samples where all other elements plot on the same trend as the Peter Snout and Roti datasets (Figures 15 and 16). Zr mobility is also suggested on the Zr-Y plot (Figure 17). The spider diagram is supportive of the idea that the


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rocks hosting the Peter Snout alteration are similar in chemistry and age to the Roti Intrusive Suite that is host to the Hope Brook Gold Deposit.

All rocks sampled at the Peter Snout Prospect exhibit a continuum on the Zr-Y, Yb-Y and Al2O3/TiO2-TiO2 plot of Pearce et al. (1984; Figures 17, 18 and 19). Generally on this plot felsic protoliths will display high Al2O3/TiO2 ratios at low TiO2 and the mafic rocks the opposite showing a continuous fractionation sequence between the two end members. The plot indicates that the volcanic rocks of the Peter Snout area and have a common magmatic source as the Roti Intrusive Suite as lithologies plot along the same continuum. Interestingly the aluminous argillic altered rocks don’t deviate from a traditional trend in Al2O3/TiO2-TiO2 space suggesting that Al and Ti elemental ratios are preserved within this alteration despite the presence of significant rock mass changes during alteration. Rocks from Peter Snout, Hope Brook and Yanacocha plot along the same Al2O3/TiO2-TiO2 suggesting a very similar tectonic environment of formation (Figure 19). Figures 20 and 21 indicate that the rocks plot within the andesite to rhyolite/dacite fields with the two samples suspected of Zr loss plot within the basaltic field (samples Q202302 and Q202304). It is likely that these two samples were originally of a similar Zr composition to the others within the dataset. For the same reasons samples Q202302 and Q202304 plot within the tholeiitic field whereas other samples are transitional and similar to the Roti intrusion on the Zr-Y plot due Zr loss. It is likely that all Peter Snout samples are transitional in nature and similar to the least altered Roti Intrusion. The rocks of the Peter Snout prospect plot within the calc-alkaline to transitional field of Barrett and Maclean (1999) and the volcanic arc field and the I-type volcanic arc fields on the discrimination plots of Wood (1980) and Pearce et al. (1984). This is similar to the interpreted tectonic environment of formation as the Roti Intrusive Suite (Figures 21 to 23). This suggests that the volcanic and intrusive rocks of the Peter Snout area formed as part of a calc-alkaline to transitional volcanic or continental margin magmatic arc system that likely generated above and as part of a subducting oceanic slab near the Avalon continental margin.


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.01

.1

1

10

100

1000

ThNb

LaCe

PrNd

SmZr

HfEu

TiGd

TbDy

YEr

YbLu

AlSc

VCr

Ni

Rock/Extended NMORB 1Extended-MORB-1-Sun and McD 89


McDonough (1989). The diagram compares the chemistry of the Roti Intrusive Suite (purple

diamonds) to the Peter Snout samples (grey crosses). Other than two samples with slightly lower

Zr and Hf, the samples plot along the same trend.

.01

.1

1

10

100

1000

ThNb

LaCe

PrNd

SmZr

HfEu

TiGd

TbDy

YEr

YbLu

AlSc

VCr

Ni

Rock/Extended NMORB 1Extended-MORB-1-Sun and McD 89


McDonough (1989). Purple diamonds = Roti Intrusive; Grey crosses = Peter Snout. Red

inverted triangles = Yanacocha, Peru (Longo et al., 2010).


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0 10 20 30 40 50 600

100

200

300

400

Zr

Y

Figure 17: Zr-Y discrimination plot after Pearce et al. (1984). The diagram compares the


crosses). Three of the Peter Snout samples plot along the same trend as the Roti Intrusive Suite.

The two samples with lower Zr are interpreted to be the result of Zr mobility during

hydrothermal alteration.

0 10 20 30 40 50 600

1

2

3

4

5

6

Yb

Y

Figure 18: Yb-Y discrimination plot. Purple diamonds = Roti Intrusive; Grey crosses = Peter

Snout. Red inverted triangles = Yanacocha, Peru (Longo et al., 2010). Roti and Peter Snout

samples plot along the same trend suggesting a fractionation from a common magmatic source

type.


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0 1 2 30

20

40

60

80

Al2O3/TiO2

TiO2

Figure 19: TiO2 versus Al2O3/TiO2 plot. Purple diamonds = Roti Intrusive; Grey crosses = Peter

Snout. Red inverted triangles = Yanacocha, Peru (Longo et al., 2010).

.01 .1 1 10 100

.01

.1

1

Zr/Ti

Nb/Y

trach.

trachy-andes.

alk.bas.

tephri-phonolite

foidite

phonolite

alk. rhyolite

rhyolite +dacite

andes. +bas.andes.

basalt

basic

int.

evolved

subalk. alk. ultra-alk.

rock types

Figure 20: Trace element rock type discrimination diagram after Pearce (1996). The diagram

compares the chemistry of the Roti Intrusive Suite (purple diamonds) to the Peter Snout samples

(grey crosses). Three of the samples plot within the andesite to rhyolite/dacite fields while two

sample plot within the basalt field likely due to Zr loss in those samples.


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0 10 20 30 40 50 60 70 80 90 1000

50

100

150

200

250

300

350

400

Zr

Y

Tholeiitic

TransitionalCalc-Alkaline

Barrett and MacLean 1999

Figure 21: Trace element rock type discrimination diagram after Barrett and MacLean (1999).

The diagram compares the chemistry of the Roti Intrusive Suite (purple diamonds) to the Peter

Snout samples (grey crosses). Three of the samples plot within the transitional field while two

samples are tholeiitic likely due to Zr mobility during hydrothermal alteration.

Th Nb/16

Zr/117for mafic intermediate and silicic rocks

A

B

C

D

A = N-MORB

B = E-MORB

C = OIB (Rift)

D = Arc-basalts

Figure 22: Zr-Th-Nb discrimination plot after Wood (1980). The diagram compares the


crosses). All samples plot within the arc field (D) suggesting and arc environment for formation

of the volcanics/intrusives in the Peter Snout area.


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1 10 100 10001

10

100

1000

Nb

Y

syn-collisional (S-type)volcanic arc (I-type)

within plate (A-type)

ocean ridge (OR-type)

Pearce et al. 1984

Figure 23: Nb-Y discrimination plot after Pearce et al. (1984). The diagram compares the


crosses). All samples (Roti and Peter Snout) plot within the I-type volcanic arc field.

8.4 Site Visit Aerial visit to Peter Snout property via helicopter took place on October 4th, 2014. From air, historic trenches were reconciled to air photos and maps collected by Dave Copeland. Site visit to Peter Snout property was conducted on October 7th, 2014. 3 of the historic trenches near in the SE of the property were visited by Blake Hylands and Bill Pearson (Figures 24 and 25).


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Figure 24: Coastal Gold geologist Blake Hylands examining an historic trench at the Peter

Snout Prospect.


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Figure 25: Photo from helicopter of historic trenches at the Peter Snout Prospect.

8.5 Expenditures A total of $16,505.84 has been spent on data compilation and exploration on licence 21733M (Table 2). Table 2: Expenditures for licence 021733M.

Type Total 021733M

Wages (Geological, Technician)

$2,700.00 $2,700.00

Accommodations and Supplies $1,650.00 $1,650.00

Helicopter $2,408.00 $2,408.00

Consulting/Compilation $7,200.00 $7,200.00

Assays $394.90 $394.90

Administrative (15%) $2,152.94 $2,152.94

Total Expenditures $16,505.84 $16,505.84

Peter Snout Assessment Expenditures to Dec 31 2014_ revised June 9_15.xlsx

Appendix - Statement of Expenditures by LicencePeter Snout Property Expenditures to December 31, 2014

Type Total 021733MWages (Geological, Techician) Blake Hylands and Noah Rowsell; 3 days each

$2,700.00 $2,700.00

Accomodations and Supplies $1,650.00 $1,650.00Helicopter $2,408.00 $2,408.00Consulting/Compilation/Reporting (7 days compilation and reporting for David Copeland @ $600/day and 7.5 days compilation by Blake Hylands @$400/day)

$7,200.00 $7,200.00

Assays $394.90 $394.90Administrative $2,152.94Total Expenditures $14,352.90 $16,505.84


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9.0 DISCUSSION AND CONCLUSIONS

Field examination of the Peter Snout rocks and historic drillcore has led Coastal Gold geologists along with previous workers to recognize a similar stratigraphic and alteration environment to that present at the Hope Brook deposit. Base metal and barite mineralization present at Peter Snout are similar to the pyrite zone at Hope Brook, suggestive of being relatively high in the hydrothermal system. Geochemical data and plots indicate that the volcanic and intrusive rocks hosting the Peter Snout prospect are andesitic to dacitic/rhyolitic in composition. The trace element and REE patterns indicate that the Peter Snout rocks and Roti intrusive rocks at Hope Brook have a common source magma suggesting that the host stratigraphy at Peter Snout is Neoprotorozoic age and likely correlative with the Third Pond Tuff and Whittle Hill Sandstone. The volcanics and intrusions are part of a transitional (Roti) volcanic or continental margin magmatic arc system that likely generated above and as part of a subducting oceanic slab near the Avalon continental margin. The Peter Snout and Roti Intrusive Suite have Zr-Y-Yb systematics that support a common source magma in similar fractional crystallization history. Moreover, the trace element systematics of the Peter Snout and Roti intrusive suite rocks show remarkable similarities to younger calc-alkaline to transitional arc systems that are host to giant high-sulphidation epithermal and porphyry deposits (e.g. Yanacocha, Peru; Longo (2005) and Longo et al. (2010)). These types of calc-alkaline to transitional environments are favourable for the formation of giant epithermal gold deposits where calc-alkaline intrusions and porphyry related systems are nearby (Hedenquist et al., 2000). The similar chemistry between the Roti Intrusive Suite and the rocks in the Peter Snout area, extends the potential host stratigraphy for high-sulphidation epithermal and porphyry deposits northeast to the Peter Snout area; with permissive stratigraphy now extending 45+ kilometres from the Grand Bruit area NE to the Burgeo highway. Similar chemistry with intrusive host rocks at Yanacocha and in particular Lepanto suggest that the Roti Suite and Peter Snout rocks provide a permissive environment for the formation of Porphyry Cu-Au deposits within the Hope Brook Area. Alteration (variable advanced argillic-aluminous alteration without true silicification) and mineralization (elevated base metals and barite; low gold grades) sampled to date suggests that siliceous mineralized ore and associated porphyry systems are likely located at structural and stratigraphic depth. The current vector, as was previously suggested by Holmes (1986) is likely to the SW at depth (~50-100 m) in order to discover possible Au-Cu epithermal to mesothermal high-sulphidation mineralization, although no current vector has been established via geochemistry, VIRS spectroscopy or geophysics. 10.0 RECOMMENDATIONS Recommended exploration work to be completed on the Peter Snout Property during 2015 includes:


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9) Re-log all available historical diamond drill core in Pasadena, NL (10 days inc. travel) –$15,000

10) Acquire satellite imagery for project area –$2,500 11) Grid line cutting (22 line kms) - $10,000 12) IP Geophysical survey (20 line kms; 25 metre pole-dipole array n=8) - $50,000 13) Geological mapping (20 line kms; 14 days) - $17,500 14) Helicopter/camp support for line cutting, IP geophysics and geology (25 days) - $125,000 15) Geochemistry and Terrapec VIRS (150 rock samples) - $10,000 16) Report writing and project management - $15,000

Total cost of the proposed work is $237,500.

______________________________ Blake Hylands, B.Sc., P.Geo.

Sealed by” _______________________________ David A. Copeland, M.Sc., P.Geo. Chief Geologist

Dated: April 20th, 2015


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11.0 REFERENCES CITED AND SELECTED REFERENCES

Al, T., 1990: Report on Prospecting, Phillips Brook Extension, Southwest Newfoundland, NTS

11O/09/, Licence 3738 for Dolphin Explorations Ltd., NLDNR Assessment File 11O/0293, 11 p.

Arnold, R. W., and Rockel, E.R., 1986: Second year assessment report on geological,

geochemical and geophysical exploration, Licence 2499 on claim blocks 3838-3840 in the Phillips Brook area, southern Newfoundland, NLDNR Assessment File11O/208, 81 p.

Arnold, R.W., 1986: Geophysical and geochemical report on the Phillips Brook Project,

Southwestern Newfoundland; claim block 3838, 3839 and 3840 by Mascot Au Mines Limited on behalf of Dolphin Exploration Limited, NLDNR Assessment File 011O/208.

Arribas, Jr. A., 1995: Characteristics of high-sulfidation epithermal deposits, and their relation

to magmatic fluid: in Magmas, fluids, and ore deposits, J.F.H. Thompson (editor). Mineralogical Association of Canada Short Course Volume 23. pp.419-454.

Barrett, T.J. and MacLean, W.H., 1999: Volcanic sequences, lithogeochemistry, and

hydrothermal alteration in some bimodal volcanic-associated massive sulfide systems, in Volcanic-Associated Massive Sulfide Deposits: Processes and Examples in Modern and Ancient Environments, (eds.) C.T. Barrie and M.D. Hannington; Society of Economic Geologists, Reviews in Economic Geology, v. 8, p. 101- 131.

Burgeo Mines Limited, 1933: NLDNR Assessment Report: 0110/02/1933 - Scanned image of Burgeo Mines Limited documents describing mining operations and project history; 11 p.

Carter, C. J., 1985: BP Resources Canada Limited, Selco Division, Chetwynd, Newfoundland

Au deposit, ore reserve calculations, 1 and 2 g/tonne cut-off grades, unpublished internal BP Resources Canada Limited report prepared by Seltrust Engineering Limited, 128 p.

Cavey, G and Kowalchuk, J., 1985: First year assessment report on geological, geochemical

and geophysical exploration for Licence 2482 on claim blocks 3635-3638 and 3867-3870 in the La Poile Bay area, southwestern Newfoundland, NLDNR Assessment File 11O/183, 58 p.

Chorlton, L., 1978: The Geology of the La Poile Map Area (11O/9), Newfoundland,

Newfoundland Department of Mines and Energy, Mineral Development Division, Report 78-5, 14 p.

Chorlton, L., 1980: The Geology of the La Poile River Area (110/16), Newfoundland,

Newfoundland Department of Mines and Energy, Mineral Development Division, Report 80-3, 86 p.


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Cooper, J.R., 1954: La Poile – Cinq Cerf Map Area, Newfoundland. Geological Survey of Canada Memoir 276, 62 p.

Copeland, D.A. and Hylands, B., 2013: Assessment Report On Channel Sampling, Ground

Geophysics, Diamond Drilling and Resource Estimation, Hope Brook Gold Project, Licences 20452M, 20455M (6th Year) and 011130M (10th Year). Assessment work report prepared on behalf of Castillian Resources Corp.

Cormier, C., 1996a: First year assessment report of prospecting and geochemistry on ground

staked Licences 4621, 4622, 4623, and 4624, Hope West Property, southwestern Newfoundland, NLDNR Assessment File 11O/0338, 24 p.

Cormier, C., 1996b: Assessment report of Geology, Geochemistry, Geophysics and Diamond

Drilling on the Cross Gulch Property, Licence 4216, (4th year), Licence 4481 (2nd year), NTS 11O/16 and 11P13, for Royal Oak Mines Inc., NLDNR Assessment File 11O/16 339, 117 p.

Cormier, C., 1997: Eleventh year assessment report on geological, geochemical and diamond

drilling exploration for Licence 2499 on claims 17633-17634 in the Phillips Brook area, on the southwest coast of Newfoundland, for Royal Oak Mines Inc, NLDNR Assessment File 11O/0340, 1997, 59 p.

Cullen, M. P., 2010: Technical Report On The Hope Brook Au Project, Newfoundland and

Labrador, Canada; NI43-101 technical report prepared for Coastal Gold by Mercator Geological Services Limited, 141 p.

Cullen, M. P. and Copeland, D.A., 2012: Assessment Report On Resource Estimation,

Diamond Drilling, Ground Geophysics and Prospecting, Hope Brook Gold Project, Licences 014439M, 014514M, 014520M, 014549M, 014550M, 014551M, 014552M, 014553M, 014554M, 014555M, 014556M, 014557M, 014558M, 014559M, 014561M, 014562M, 014563M and 014564M (5th Year), 015372M (4th Year), 011130M (9th Year), 010734M and 010735M (10th Year). Assessment work report prepared on behalf of Castillian Reosources Corp.

Dearin, C., 1989: Fifth year assessment report on geological and geochemical exploration for

Licence 2506 on claim block 3650 in the Old Man Pond Brook area, southern Newfoundland. Newfoundland and Labrador Geological Survey, NLDNR Assessment File 11O/09/0267, 1989, 15 p.

Deptuck, R., 1991: Hope Brook block modeling process, unpublished internal Hope Brook Au

Inc. memorandum dated September 30, 1991, 9 p. Desautels, P., Melnyk, J., and Cullen, M.P., 2012a: Mineral Resource Estimate Technical

Report, Hope Brook Gold Project, Newfoundland and Labrador Canada. NI43-101 technical report prepared for Coastal Gold by AGP Mining Consultants Inc. and Mercator Geological Services Limited, 248 p.


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Desautels, P., Melnyk, J., and Cullen, M.P., 2012b: Updated Mineral Resource Estimate

Technical Report, Hope Brook Gold Project, Newfoundland and Labrador Canada. NI43-101 technical report prepared for Coastal Gold by AGP Mining Consultants Inc. and Mercator Geological Services Limited, 288 p.

Dimmell, P., 1972: Report on 1972 field work in the La Poile Concession area, Newfoundland

for Noranda Exploration Company Limited; Newfoundland and Labrador Geological Survey, Assessment File 11O/0057, 1972; 39 p.

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for Noranda Exploration Company Limited; Newfoundland and Labrador Geological Survey, Assessment File 11O/0052, 1973; 23 p.

Dubé, B, Dunning, G and Lauziere, K., 1998: Geology of the Hope Brook mine,

Newfoundland, Canada: a preserved late Proterozoic high-sulfidation epithermal Au deposit and its implications for exploration. Economic Geology, vol. 93, 1998, pp. 405-436.

Dunning, G. and O’Brien, S.J., 1989: Late Proterozoic to early Paleozoic crust in the

Hermitage Flexure, Newfoundland, Appalachians: U-Pb ages and tectonic significance; Geology, v. 17 pp. 548-551.

Feiss, P.G., Vance, R.K., and Wesolowski, D.J., 1993: Volcanic rock-hosted Au and base-

metal mineralization associated with Neoproterozoic-Early Paleozoic back arc extension in the Carolina terrane, southern Appalachian Piedmont: Geology, v. 21, pp. 439-442.

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Conditions at the Hope Brook Project Site; unpublished report prepared by Fracflow Consultants Inc. for Coastal Gold

Gaunt, D., 1987: Geological and geophysical report on the Phillips Brook Project, southwestern

Newfoundland; claim blocks 3838, 3839 and 3840; by Mascot Au Mines Limited on behalf of Dolphin Explorations Limited. NLDNR Assessment File 011O/223.

Gilliatt, J., Hale, C. J., and Corcoran, N., 2012: Assessment report on geophysical survey

results on Licences 10734m (10th year), 10735m (10th year), 11130m (10th year), 14439m (5th year), 14514m (5th year), 14520m (5th year), 14549m (5th year), 14550m (5th year), 14551m (5th year), 14552m (5th year), 14553m (5th year), 14554m (5th year), 14555m (5th year), 14556m (5th year), 14557m (5th year), 14558m (5th year), 14559m (5th year), 14561m (5th year), 14562m (5th year), 14563m (5th year), 14564m (5th year), and 15372m (5th year), for Coastal Gold, Hope Brook Property, southwest coast of Newfoundland, Newfoundland & Labrador, NTS 11O/09, 11O/16, 11P/13; IP and Magnetic Geophysical Surveys; 28p.


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Gillon, K., A., Spence, W., H., Duckett, R., P., and Benson, C.J., 1995: Geology of the Ridgeway deposits, Ridgeway, South Carolina, in Selected Mineral Deposits of the Gulf Coast and Southeastern United States, Part 2, Au Deposits of the Carolina Slate Belt; editor D.E. Crowe, Society of Economic Geologists, Guidebook Series, Volume 24,. Geological Society of America, pp. 53-87.

Hayward, N., 1992: Controls on syntectonic replacement mineralization on parasitic antiforms,

Haile Au Mine, Carolina Slate Belt, Economic geology, Vol. 87, pp.91-112. HBOG Mining Ltd., 1979: Hudson Bay Oil and Gas Company report, NLDNR Assessment File

Assessment File 11O/09/0359, 1979, 7 p. Hedenquist, J.W., Arribas, A., and Reynolds, T.J., 1998: Evolution of an Intrusion-Centered

Hydrothermal System: Far Southeast-Lepanto Porphyry and Epithermal Cu-Au Deposits, Philippines.Economic Geology, Vol. 93, No. 4, p. 373 – 404.

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Surveys, August to December 1984, Licence 2366. NTS 11P/13, Selco-BP Resources Canada Limited, NLDNR Assessment Report 11P/13/113.

Holmes, J.M. 1985b: Assessment Report of Geological, Geophysical and Trenching Surveys,

May to August 1985, Licence 2366. NTS 11P/13, Selco-BP Resources Canada Limited, NLDNR Assessment Report 11P/13/112.

Holmes, J.M. 1986: AReport on Diamond Drilling, Snout Property, Licence 2366. NTS 11P/13,

Selco-BP Resources Canada Limited, NLDNR Assessment Report 11P/13/129. House, S., 2009: Assessment report on airborne geophysics, mapping, prospecting, and rock

/channel sampling on Licences 10734M (6th year), 10735M (6th year), 11130M (6th year), 14439M (1st year), 14514M (1st year),14520M, (1st year), 14549M to 14559M (1st year), 14561M to 14564M (1st year), and 15372M (1st year), for the Hope Brook Property, southwest Newfoundland, for Benton Resources Corp. and Quinlan Prospecting, Quest Inc. and Stares Prospecting, NLDNR Assessment Report, 18 p.

Hutchings, C. And Sheppard, B., 1988: Fourth year assessment report on trenching and

geochemical exploration for Licence 2499 on claim blocks 3838-3840, in the Phillips Brook area, south coast of Newfoundland, NLDNR Assessment File 11O/231, 41 p.

. Huard, A. 1990: Epithermal alteration and Au mineralization late Precambrian volcanic rocks

on the northern Burin Peninsula, southeast Newfoundland, Canada, unpublished M. Sc., thesis, Memorial University of Newfoundland, 273 p.

Huard, A., and O’Driscoll, C.F., 1986: Epithermal Au mineralization in late Precambrian

volcanic rocks on the Burin Peninsula, in Current Research, Newfoundland Department of Mines and Energy, Mineral Development Division, Report 86-1, pp. 65-78.


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Ishikawa, Y., Sawaguchi, T., Ywaya, S., and Horiuchi, M., 1976: Delineation of prospecting targets for Kuroko deposits based on modes of volcanism of underlying dacite and alteration haloes; Mining Geology, v. 26, p. 105-117.

Jacobs, W and Dearin, C., 1990: Geological Report on the Chetwynd Group One Claims,

Grand Bruit, Newfoundland. Long Range Resources, NLDNR Assessment File, 12 p. Keppie, J. D., and Dallmeyer, R. D., 1989: Tectonic map of Pre-Mesozoic terranes in Circum-

Atlantic Phanerozoic orogens. Nova Scotia Department of Natural Resources, Halifax, scale 1:5000000.

Kilbourne, M.W., 1985: Nature and significance of the quartz-andalusite-pyrophyllite zone

Chetwynd Au prospect, southwestern Newfoundland. Unpublished B.Sc. thesis, University of Western Ontario, 73 p.

Kowalchuk, J., 1985: First Year assessment report on geological exploration for Licence 248 on

claim block 3641 in Phillips Brook area, southwestern Newfoundland; Orequest Consultants for Dolphin Explorations Limited, NLDNR Assessment File 011O/16/188.

Large, R.R., Gemmell, J.B., Paulick, H., and Huston, D.L., 2001: The alteration box plot: A

simple approach to understanding the relationships between alteration mineralogy and lithogeochemistry associated with VHMS deposits; Economic Geology, v. 96, p. 957-971.

Lechow, W.R., 1985: High Resolution Gradiometer Survey, Chetwynd Area, Newfoundland.

Selco Division, BP Resources Canada Limited. A report completed by Questor Surveys Limited. 2 pages.

Legein, P. 1980a: First Year Assessment Report on Claim Block 1902 – Licence No. 1412.

NTS: 11/P/13 Peter Snout Area, May-September, 1980 for Utah Mines Ltd., NLDNR Assessment Report 11P/13/078.

Legein, P. 1980b: First Year Assessment Report on Claim Block 1901 – Licence No. 1411.

Peter Snout Area NTS: 11/P/13, May-September, 1980 for Utah Mines Ltd., NLDNR Assessment Report 11P/13/079.

Legein, P. 1982: Assessment Report on Claim Block 1902 – Licence No. 1412. Snout Area, for

Utah Mines Ltd., NLDNR Assessment Report 11P/13/098. Legein, P. 1983: Assessment Report on Claim Block 2845 – Licence No. 2366. Peter Snout

Area, for Utah Mines Ltd., NLDNR Assessment Report 11P/13/102. Lendrum, S., 1997: Assessment Report of Diamond Drilling on The Cross Gulch Property,

Licence 4216 (5th Year) NTS 11O/16 for Royal Oak Mines Inc., NLDNR Assessment Report 011O/16/342, 46 p.


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Longo, A. A., Dilles, J.H., Grunder, A.L., and Duncan, R., 2010: Evolution of Calc-Alkaline Volcanism and Associated Hydrothermal Gold Deposits at Yanacocha, Peru. Economic Geology; Vol. 105, No. 7. P. 1191 – 1240.

MacGillivray, G. and Willet, B., 1988: Sixth year assessment report on diamond drilling,

Exploration Licence 3189 on claim block 2086, Hope Brook area, Newfoundland, for Hope Brook Au Inc., NLDNR Assessment File 011O/09/146, 813 p.

McWilliams, I., 1983a: Assessment report on geological, geophysical and geochemical surveys

for Licence 12306, on Claims 13822-13833, Cinq Cerf River area, Newfoundland, by Selco Incorporated and Ionex Ltd., NLDNR Assessment Report File 11O/09/142, 23 p.

McWilliams, I., 1983b: Assessment report - Drilling Programs Licence 2400, Reference Map

11O9, Selco- A Division of BP Exploration Canada Limited; NLDNR Assessment File 011O/09/146, 57 p.

McWilliams, I., and Harris, J., 1984: Assessment report on drilling for the Chetwynd Project

on Licence 2400, Hope Brook area, southern Newfoundland, for Selco Division –BP Resources Canada Limited, NLDNR Assessment File 011O/09/160, 598 p.

McWilliams, I, 1986: Assessment report on 1985 drilling for the Chetwynd Project, Licence

2650 on property in the Hope Brook area, southwestern Newfoundland for Selco Division-BP Resources Canada Limited, NLDNR Assessment File 011O/09/194, 318 p.

McWilliams, I., 1987: Hope Brook Au Inc. 1986 Report on Diamond Drilling, Licence 2830

(11O9), Hope Brook, NLDNR Assessment File 011O/09/215, 1437 p. McKenzie, C.B., 1985: Selco-BP Resources Canada Ltd., Report on Diamond Drilling, Licence

2400, Chetwynd Property, Newfoundland; Department of Natural Resources Assessment File 011O9 (170), 627 p.

McKenzie, C.B., 1986: Geology and Mineralization of the Chetwynd Deposit, Southwestern

Newfoundland, Canada: In Proceedings of Au 86, An International Symposium on the Geology of Au, A.J. Macdonald, ed., pp. 137-148.

Mirza, R. and Regis, J. 2011: Titan-24 DC & IP Survey Geophysical Report, Hope Brook Au Project, Newfoundland, Canada; unpublished report prepared by Quantec Geoscience Ltd. for Coastal Gold, 195 p. Murphy, J.B., Keppie, J.D., Dostal, J., Waldron, J, and Cude, M.P., 1996: Geochemical and

isotopic characteristics of Early Silurian clastic sequences in Antigonish, Highlands, Nova Scotia, Canada: constraints on the accretion of Avalonia in the Appalachian-Caledonide Orogen. Canadian Journal of Earth Sciences, V. 33, pp. 379-388.


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Nance, R., and Thompson, M.D., 1996: Avalonian and related terranes of the circum-Atlantic: an introduction, in Avalonian and Related Terranes of the Circum-North Atlantic, Nance, R., and Thompson, M., eds., Geological Society of America, Special Paper 304, pp.1-7.

NLDNR Assessment File 011O/213 E: 1986 BP Resources Canada Ltd. Environmental

Registration Report for Hope Brook Project, 32 p. NLDNR Mineral Occurrence Report: 0110/09/Au 003): Mineral occurrence report on Hope

Brook Mineral occurrence by NLDNR, 26 p. O’Brien, S.J., Wardle, R.J., and King, A.F., 1983: The Avalon Zone: A Pan African terrane in

the Appalachian orogen of Canada; Geological Journal, Volume 18, pp. 195-222. O. Brien, B. H., 1988: Relationship of phyllite, schist and gneiss in the La Poile Bay-Roti-Bay

area (parts of 11O9 and 11O16), southwestern Newfoundland; Newfoundland Department of Mines and Energy Report 88-1, pp.109-125.

O. Brien, B. H., 1989: Summary of the geology between La Poile Bay and Couteau Bay, (11O9

and 11O16), southwestern Newfoundland; Newfoundland Department of Mines and Energy Report 89-1, pp.105-119.

O’Brien, B.H. and O’Brien, S.J., 1990: Re-Investigation and re-interpretation of the Silurian

La Poile Group of southwestern Newfoundland, in Current Research, Newfoundland Department of Mines and Energy, Geological Surveys Branch, Report 90-1, pp. 305-316.

O’Brien, B.H., O’Brien, S.J., and Dunning, G.R., 1991: Silurian cover, Late Precambrian-

Early Ordovician basement, and the chronology of Silurian orogenesis in the Hermitage Flexure Newfoundland Appalachians): American Journal of Science, v. 291, pp. 760-799.

O’Brien, S.J., Dubé, D, O’Driscoll, C.F., and J. Mills, 1998: Geological setting of Au

mineralization and related hydrothermal alteration in late Neo-Proterozoic (post-640 ma) Avalonian rocks of Newfoundland, with review of coeval Au deposits elsewhere in the Appalachian Avalonian belt, NL Department of Mines and Energy, Geological Survey, Report 98-1, pp. 93-124.

Pouliot, G., 1957: Geology and mineral deposits of the Cinq Cerf River area, Newfoundland,

NL Department of NLDNR Assessment File NFLD/0158, 1959, 46 p. Prior, J.W., 1968: Geophysical report on the La Poile Bay area property, Newfoundland, by

Huntec Limited for O’Brien Au Mines Limited; NL Department of Natural Resources Geofile 011O/0034, 65 p.

Quinlan, R., 2007: First Year Assessment Report of Prospecting and Geochemical

Investigations on Licence 12430M and 11652M, The Peter Snout Property, Southern Newfoundland Area, NTS Map Sheet 11P/13, Newfoundland. NL Department of NLDNR Assessment File 11P/13/0232, 7 p.


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Quinlan, R., 2009: Second and Third Year Assessment Report of Prospecting and Geochemical Investigations on Licence 12430M and 11652M, The Peter Snout Property, Southern Newfoundland Area, NTS Map Sheet 11P/13, Newfoundland. NL Department of NLDNR Assessment File 11P/13/0251, 7 p.

Robert, F., Poulsen, K.H., and Dubé, B., 1997: Au deposits and their geological classification.

In Gubins, A.G., (ed.), Proceedings of Exploration 97: Fourth International Conference on Mineral Exploration, Toronto September 1997, pp. 209-219.

Romberger, S.B., 1986: Disseminated Au Deposits: Geoscience Canada, v. 13, pp. 23-34. Roth, J., 1987: Test IP/Resistivity Survey, Phillips Brook Project, Newfoundland, by MPH

Consulting Limited on the behalf of Dolphin Explorations Limited, NLDNR Assessment File 011O/224.

Saunders, P.D., 1989a: Report on diamond drilling of the Butterfly Pond showing, Phillips Brook, Newfoundland; by J. Tuach Consultants Inc., on behalf of Dolphin Explorations Limited, NLDNR Assessment File 011O/263, 67 p.

Saunders, P.D., 1989b: Report on till and soil geochemistry and prospecting, Phillips Brook

extension, southwest Newfoundland, by J. Tuach Consultants Inc., on behalf of Dolphin Explorations Limited, NLDNR Assessment File 011O/263, 23 p.

Sillitoe, R.H., 1991: Intrusion-related Au deposits, in Foster, R.P., ed., Au Metallogeny and

Exploration: London, Blackie, pp. 165-209. Sillitoe, R.H., 1989: Au Deposits in Western Pacific Island Arcs: The Magmatic Connection,

Economic Geology Monograph 6: The geology of Au deposits: the perspective in 1988", pp. 274-291.

Snider, J., Marek, J., Finch, A., Gouchnour, L. and T. Drelick, 2012: NI 43-101 Technical

Report on the Haile Au Mine Project, Lancaster County, South Carolina, Prepared for Romarco Minerals Inc. by Gustavson Associates, LLC, 151 p.

Spence, W. H., Worthington, J. E., Jones, E. M., and Kiff, L. T., 1980: Origin of the Au

mineralization at the Haile Au mine, Lancaster County, South Carolina, Mining Engineering, Vol. 32, pp.70-73.

Stewart, P.W., 1992: The origin of the Hope Brook Mine, Newfoundland, a Shear-Zone-Hosted

Acid Sulphate Au Deposit. Unpublished Ph.D. Thesis, University of Western Ontario, London, Ontario, 398 p.

Sun, S.-s. and McDonough, W.F., 1989: Chemical and isotopic systematics of oceanic basalts:

Implications for mantle composition and processes, in Magmatism in the Ocean Basins, (eds.) A.D. Saunders and M.J. Norry; Geological Society of London, Special Publication No. 42, p. 313-345.


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Swinden, H.S., 1984: The Chetwynd Prospect, Southwestern Newfoundland. Mineral Development Division, Department of Mines and Energy, Government of Newfoundland and Labrador. Open File (11O/09/148); 10 p.

Thompson, J.F.H., Lessman, J., and Thompson, A.J.B., 1986: The Temora Au-silver deposit:

A newly recognized style of high sulfur mineralization in the lower Paleozoic of Australia: Economic Geology, v. 81, pp. 732-738.

Thompson, J.P., 1985: Geological Report on the Phillips Brook Project, Southwestern

Newfoundland. Claim block 3838, 3839 and 3840; Mascot Au Mines Limited on the behalf of Dolphin Explorations Limited. NLDNR Assessment File 011O/182, 63 p.

Walker, S., 1985: First Year Assessment Report, Airborne Survey, Prospecting, Geology,

Geophysics, Geochemistry and Diamond Drilling on the Chetwynd Au Group, Central Claims, Licences 2491 and 2532, NTS 11O16 and 11P/13, NLDNR Assessment File 11O/16/178, 204 p.

Walker, S., 1986: Second Year Assessment Report , Geology, Geophysics, and Prospecting on

the Chetwynd Au group, Southwest Newfoundland, Licences 2491 and 2532, NTS 11O16 and 11P/13, NLDNR Assessment File NFLD-1535, 31 p.

Walker, S., 1987: Third year Assessment Report, Diamond Drilling, on the Chetwynd Au

Group, Southwest Newfoundland, Licence 2885, NTS 11O/16 and 11P/13, NLDNR Assessment File NFLD-1685, 68 p.

Wells, S.,1988: Fourth Year Assessment Report, 1988 Chetwynd Au Project on Licence 2885,

La Poile Region, Newfoundland, NLDNR Assessment File 11O/16/238, 35 p. Wallace, J., 1988: Geological report on the Chetwynd Area Group 1 Claims, La Poile Bay, La

Poile–Burgeo District, Newfoundland, Ground Staked Licences 2482, 3128, 2506, for Varna Au Inc., NLDNR Assessment File 011O/182, 264 p.

White, N.C., and Hedenquist, J.W., 1995: Epithermal Au deposits: styles, characteristics and

exploration: Society of Economic Geologists Newsletter, No. 23, pp. 9-13. Williams, N. C, and Davidson, G., 2004: Possible submarine advanced argillic alteration at the

Basin Lake prospect, western Tasmania, Australia: Economic Geology, v. 99, p. 987-1002.

Woods, G., 1984: Chetwynd Project, results of detailed mapping around the Au mineralization;

unpublished BP-Selco internal report. Yule, A., 1989: The Hope Brook Au deposit, Newfoundland, Canada: Surface geology,

representative lithogeochemistry, and styles of hydrothermal alteration; unpublished M.Sc. thesis, Dalhousie University, 249 p.


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Yule, A., McKenzie, C.B., and Zentilli, M., 1990: Hope Brook, a new Appalachian Au deposit in Newfoundland, Canada, and the significance of hydrothermally altered mafic dikes, Chronique de la Recherche Miniere, no. 498, pp. 29-42.


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12.0 STATEMENT OF QUALIFICATIONS

CERTIFICATE OF AUTHOR

I, David A. Copeland, P.Geo., do hereby certify that:

1. I reside in St. John’s, Newfoundland and Labrador, Canada

2. I am currently a self-employed Geological Consultant residing at:

6 Falcon Place, St. John’s, Newfoundland and Labrador, Canada A1A 5P1

3. I received a Master’s Degree in Science (Geology) from the University of New Brunswick in 1999 and a Bachelor of Science Degree (Honours, Geology) in 1995 from the University of New Brunswick.

4. I am a member in good standing of the Newfoundland and Labrador Professional Engineers and Geoscientists (Member Number 04257).

5. I have worked as a geologist in Canada and internationally since graduation.

6. I have prepared this assessment work report on behalf of Coastal Gold.

7. My relevant experience with respect to this project includes extensive professional experience with respect to geology, mineral deposits and exploration activities in the Province of Newfoundland and Labrador.

8. I have not visited the Peter Snout Property.

9. As of the date of this Certificate, to my knowledge, information and belief, the sections of this assessment report contain all scientific and technical information that is required to be disclosed to make this report not misleading.

Signed, sealed and dated this 20th day of April, 2015 (Original Signed and Sealed)

______________________________ David A. Copeland, M.Sc., P. Geo.

Appendix I – List of Personnel and Contractors

APPENDIX I. List of Personnel and Contractors

Personnel or Contractor Address

Blake Hylands - Geologist Burlington, ONBill Pearson - Geologist Toronto, ONNoah Rowsell - Prospector/Technician Buchans, NLDavid Copeland - Geologist St. John's, NL

Erika Cayer - Geologist London, ONALS Minerals North Vancouver, BCUniversal Helicopters Pasadena, NL

Appendix II – Analytical Certificates

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-24 Pulp Login - Rcd w/o Barcode

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

ME-ICP61 ICP-AES33 element four acid ICP-AESME-MS81 ICP-MSLithium Borate Fusion ICP-MSME-XRF06 XRFWhole Rock Package - XRFOA-GRA06 WST-SIMLOI for ME-XRF06

CERTIFICATE SD14190604

This report is for 5 Pulp samples submitted to our lab in Sudbury, ON, Canada on 11-DEC-2014.

Project: PETER SNOUT

The following have access to data associated with this certificate:DAVID COPELAND BLAKE HYLANDS BILL PEARSONNOAH ROWSELL

COASTAL GOLD CORP.ATTN: BILL PEARSON65 QUEEN STREET WESTSUITE 820, P.O. BOX 71TORONTO ON M5H 2M5

To:

Page: 1Total # Pages: 2 (A - F)

Plus Appendix PagesFinalized Date: 24-DEC-2014

Account: CASTRES

COASTAL GOLD CORP.65 QUEEN STREET WESTSUITE 820, P.O. BOX 71TORONTO ON M5H 2M5

To:ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alsglobal.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager***** See Appendix Page for comments regarding this certificate *****

Page: 2 - ATotal # Pages: 2 (A - F)


Account: CASTRES

ALS Canada Ltd.



To:


CERTIFICATE OF ANALYSIS SD14190604

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

Q202301 0.04 <0.5 7.63 <5 460 0.7 <2 2.25 <0.5 8 2 4 3.13 20 1.10Q202302 0.03 1.6 6.23 <5 20 0.6 3 0.12 <0.5 25 17 3370 16.25 20 2.18Q202303 0.03 <0.5 3.98 <5 50 0.9 <2 0.65 <0.5 4 5 1490 5.86 10 0.99Q202304 0.03 0.6 7.37 <5 30 0.8 <2 0.24 1.7 36 22 260 8.75 20 2.53Q202305 0.03 <0.5 7.48 <5 220 0.8 <2 0.10 <0.5 8 9 5 3.36 10 2.40

***** See Appendix Page for comments regarding this certificate *****

Page: 2 - BTotal # Pages: 2 (A - F)


Account: CASTRES

ALS Canada Ltd.



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Sample Description


ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

Q202301 10 0.80 844 <1 2.77 3 610 4 <0.01 7 16 186 <20 0.34 <10Q202302 <10 0.04 21 46 0.44 15 410 55 >10.0 <5 20 72 <20 0.10 10Q202303 20 0.03 49 102 0.46 6 540 52 6.51 6 7 84 <20 0.06 <10Q202304 <10 0.57 150 5 0.63 24 410 71 9.52 <5 37 63 <20 0.12 <10Q202305 20 0.08 17 4 0.60 9 340 20 3.46 <5 17 58 <20 0.15 10


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ALS Canada Ltd.



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Sample Description


ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81U V W Zn Ba Ce Cr Cs Dy Er Eu Ga Gd Hf Ho

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.5 0.5 10 0.01 0.05 0.03 0.03 0.1 0.05 0.2 0.01

Q202301 <10 49 <10 80 420 26.9 10 3.26 4.76 3.13 1.18 17.0 4.45 3.5 0.97Q202302 <10 123 <10 166 1000 19.3 20 2.05 4.08 2.32 0.73 18.3 3.36 1.2 0.81Q202303 <10 27 <10 27 731 48.0 10 1.54 2.92 2.24 1.09 7.0 3.51 3.3 0.68Q202304 <10 227 10 491 8840 18.1 30 14.75 4.30 2.54 0.86 16.8 3.76 1.5 0.93Q202305 <10 46 <10 5 522 59.2 10 4.28 6.66 4.32 1.36 14.0 6.67 5.9 1.44


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ALS Canada Ltd.



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Sample Description


ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-MS81La Lu Nb Nd Pr Rb Sm Sn Sr Ta Tb Th Tm U V

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm0.5 0.01 0.2 0.1 0.03 0.2 0.03 1 0.1 0.1 0.01 0.05 0.01 0.05 5

Q202301 12.2 0.45 5.4 14.9 3.57 38.4 4.04 1 173.5 0.2 0.81 2.87 0.46 0.71 58Q202302 9.0 0.28 1.7 10.6 2.52 65.3 2.68 1 86.6 0.2 0.61 2.45 0.33 0.57 155Q202303 23.3 0.39 4.7 22.0 5.78 30.9 4.61 1 85.4 0.4 0.53 4.51 0.36 1.12 32Q202304 7.6 0.33 3.7 10.5 2.39 119.0 2.92 1 80.4 0.2 0.67 1.67 0.37 0.53 305Q202305 26.9 0.66 10.4 29.6 7.41 68.2 6.62 2 58.0 0.7 1.10 7.36 0.67 1.70 55


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ALS Canada Ltd.



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Sample Description


ME-MS81 ME-MS81 ME-MS81 ME-MS81 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06W Y Yb Zr SiO2 Al2O3 Fe2O3 CaO MgO Na2O K2O Cr2O3 TiO2 MnO P2O5

ppm ppm ppm ppm % % % % % % % % % % %1 0.5 0.03 2 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.001

Q202301 2 27.2 3.20 126 68.74 14.89 4.70 3.27 1.47 3.89 1.37 <0.01 0.60 0.11 0.140Q202302 5 22.9 2.05 35 45.73 11.54 24.09 0.15 0.10 0.60 2.65 0.01 0.52 <0.01 0.085Q202303 3 18.1 2.47 114 74.77 7.77 8.99 0.91 0.08 0.66 1.28 <0.01 0.27 0.01 0.126Q202304 11 23.8 2.30 46 57.91 15.17 11.65 0.36 1.18 0.97 3.22 0.01 0.79 0.02 0.100Q202305 4 40.1 4.43 203 69.81 15.09 4.97 0.14 0.19 0.90 3.08 0.01 0.56 <0.01 0.086


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Account: CASTRES

ALS Canada Ltd.



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Sample Description


ME-XRF06 ME-XRF06 ME-XRF06 ME-XRF06SrO BaO LOI Total% % % %

0.01 0.01 0.01 0.01

Q202301 0.02 0.05 0.93 100.20Q202302 <0.01 0.09 13.10 98.67Q202303 0.01 0.08 5.05 100.00Q202304 0.01 0.92 7.74 100.05Q202305 <0.01 0.06 4.27 99.16


Page: Appendix 1 Total # Appendix Pages: 1

Finalized Date: 24-DEC-2014Account: CASTRES

ALS Canada Ltd.



To:



CERTIFICATE COMMENTS

LABORATORY ADDRESSESProcessed at ALS Sudbury located at 1351-B Kelly Lake Road, Unit #1, Sudbury, ON, Canada.LOG-24Applies to Method: WEI-21

Processed at ALS Vancouver located at 2103 Dollarton Hwy, North Vancouver, BC, Canada.ME-ICP61Applies to Method: ME-MS81 ME-XRF06 OA-GRA06

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MAP 1 - Peter Snout Prospect Geology

Scale 1:7,500UTM NAD83 Zone 21

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0 0.5 10.25Kilometers

LegendAltered Sediments

Chloritic Sediments

Granodiorite

Intermediate to Mafic Tuff

Mafic Dykes

Porphyry

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MAP 2Peter Snout Project

Rock and Soil Samples (Zn ppm)Scale 1:15,000

UTM NAD83 Zone 21

²


1980 Soil Samples (Zn ppm)

Rock Samples (Zn ppm)

0 - 50

50 - 100

100 - 500

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MAP 3Peter Snout Project

Compiled Total Field MagneticsScale 1:50,000

UTM NAD83 Zone 21

²


2014 Peter Snout Assessment Report Licence 21733M

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