Resource World Magazine

40 www.resourceworld.com J U N E / J U L Y 2 0 1 9 remains virtually untested below a vertical depth of 100 metres. While its primary focus is on central Newfoundland, it also has interests in early-stage gold, base metal and antimony projects in Newfoundland as well as a 100% interest in the Iron Horse rare earths project in western Labrador. Trevali Mining Corp. [TV-TSX; TREVF-OTCQX; 4TI-FSE] operates the 100%-owned Caribou Mine in the Bathurst Mining Camp (BMC), northern New Brunswick. The company is guid - ing investors to expect zinc production of between 361 million and 401 million pounds in 2019 from its various mines. Osisko Metals Inc. [OM-TSXV; BWMXF-OTC; 0B5-FSE] is the largest land - holder in the BMC. Its land holdings cover significant portions of the strike length that covered both the former Brunswick No.12 and No.6 mines. The company is focused on drilling and developing the Key Anacon Project, where exploration and definition drilling this year will help to define high-grade mineraliza - tion with the objective of upgrading the non-compliant historical resource of 1.87 million tonnes grading 6.93% zinc, 2.63% lead, 0.16% copper and 84 g/t silver into a NI 43 101-compliant resource. Drilling will focus on expanding high-grade mineraliza - tion in the Main and Titan Zones. Osprey Gold Development Ltd. [OS-TSXV] is working on past-producing high-grade gold projects in Nova Scotia. It hopes to build a portfolio of advanced proj - ects in mining-friendly jurisdictions that can be developed by larger mining compa- nies. The company can earn a 100% (subject to royalties) interest in five Nova Scotia gold projects, including the Goldenville Project, which ranks as the largest historic gold pro- ducer in the province. According to a NI 43-101-compliant report, Goldenville has inferred resources of 2.8 million tonnes at 3.20 g/t gold or 288,000 oz gold (2,800,000 tonnes at 4.96 g/t for 447,000 oz gold uncapped). The uncapped resource includes drill core assays over 70 g/t Au. The optioned properties are located in the same rock formation as Atlantic Gold Corp.'s [AGB- TSXV] Moose River Consolidated (MRC) project, an open pit gold project expected to produce 87,000 ounces of gold annually over an 8.5-year mine life at an all-in sus - taining cost of US $518/oz. Pivit Exploration Inc.'s [PIVT-CSE; P11-FSE] newly acquired Moosehead Northeast claims are contiguous to the northeast end of Sokoman's Moosehead Project. The Moosehead South Zone is contiguous to the south end of Sokoman's Moosehead Project. The company com - pleted an initial ground program on Moosehead East that led to the discovery of quartz veins with arsenopyrite as well as zones of alteration and silification. RJK Explorations Ltd. [RJX.A-TSXV; RJKAF-OTC] has recently been working on several claim blocks within the Moosehead MARITIMES

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