WILLBOB PROPERTY

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DOCUMENTS

• Willbob_Presentation_June 2021

LOCATION

• The Willbob project is located in the Labrador Trough, about 65 kilometers west of the town of Kuujjuaq, Quebec.

PROPERTY

The project consists of 1,007 claims covering a surface area of about 461 square kilometers.

HIGHLIGHTS

• Project with high gold potential, covering more than 60 km of favorable stratigraphy and containing many gold showings (new and historical).
• Very favorable setting for orogenic Au deposits:
  • Greenschist-facies rocks;
  • Favorable iron-rich lithologies to precipitate gold – abundant iron-rich gabbros, diorites, iron formations, black shales;
  • Polyphase deformation, abundant thrusting and folding;
  • Major first-order crustal-scale structure separating older, lower grade VSED metamorphic rocks, from younger, high grade (amphibolite) metaseds rocks – Similar setting as the prolific Cadillac-Larder Lake fault in the Abitibi belt;
  • Major second-order gold-bearing fault zones within the Labrador Trough;
  • Syn-orogenic, polymictic conglomerates newly recognized – possibly marking major reactivated normal faults within the orogeny (similar to Timiskaming-type conglos in the Abitibi belt).
• Little previous exploration for gold – Lots of old exploration for base metals, gold was seldom analyzed – Many/most Au showings were found by Midland last 4 years – No IP geophysics ever done.
• At least five types of gold mineralization identified on the project:
  • Shear zones with fault-filling quartz veins, pyrrhotite-pyrite, in diorites-gabbros (Didgeridoo);
  • Shear zones with fault-filling quartz veins and associated flat tension veins, with arsenopyrite, in diorite-gabbros (Golden Tooth, Lafrance, Polar Bear);
  • Quartz-pyrite±chalcopyrite±sphalerite±galena veins in gabbros (Alias, SP, Kavi) ;
  • Networks of flat, quartz-pyrite-pyrrhotite veins, in iron formations or tonalites (Dessureault, Lafrance East);
  • Gold-bearing volcanogenic massive sulfides (Stars).
• New 2017-2018 gold zones :
  • Ants Zone: Outcropping zone of disseminated pyrrhotite with minor quartz veins in quartz diorite. The gold zone has been defined as 100 meters long of drilling, between 6 to 12 meters thick and is open to the west and at depth:
    • 1.81 g/t Au on 12.06 m, including 2.99 g/t Au on 4.56 m (drill hole WB-19-33);
    • 2.09 g/t Au on 6.01 m, including 4.05 g/t Au on 2.5 m (drill hole WB-19-26);
    • 1.78 g/t Au / 23.3 m, including 3.19 g/t Au / 10.0 m (channel ANTS-18-03);
    • 3.33 g/t Au / 5.0 m (channel ANTS-18-02);
    • 2.22 g/t Au / 4.5 m (channel ANTS-18-04);
    • 0.81 g/t Au / 5.8 m (channel ANTS-18-01).
  • Didgeridoo Zone: Outcropping shear zone with fault-filling quartz veins, 5 to 10 meters wide, at least 100 meters long, open north and south:
    • 4.71 g/t Au / 2.9 m, including 9.39 g/t Au / 1.3 m (channel DJ-02);
    • 2.30 g/t Au / 8.95 m, including 3.56 g/t Au / 3.15 m (channel DJ-05);
    • 1.67 g/t Au / 8.8 m (channel DJ-01);
    • 1.45 g/t Au / 6.7 m (channel DJ-04);
    • 1.3 g/t Au / 2.7 m (channel DJ-07).
• 2019 New showings:
  • Canyon-1: 31.5 g/t Au, 10.2 g/t Au, 5.95 g/t Au and 3.77 g/t Au;
  • Canyon-2: 23.5 g/t Au, 18.55 g/t Au, 4.94 g/t Au, 2.08 g/t Au, 1.01 g/t Au;
  • Canyon-3: 16.85 g/t Au, 6.64 g/t Au, 3.35 g/t Au;
  • Canyon-1, 2 and 3 consist of quartz veins in an iron formation. The three showings are spread over 300 meters laterally.
• Historical showings:
  • Golden Tooth: shear zone at least 250 meters long at surface, followed at least 300 meters deep;1.84 g/t Au / 3.3m; 2.23 g/t Au / 1.25m; 0.81 g/t Au / 1.95m (2016-2017 drilling campaign);
  • Lafrance: 21.9 g/t Au and 5.4 g/t Au (grab sample), 3.0 g/t Au / 2.90m; 2.6 g/t Au / 3.90m (channels); 3.3 g/t Au / 1.2m (2016 drilling campaign);
  • Polar Bear: up to 6,4 g/t Au (grab samples);
  • Dessureault: 4.1 g/t Au / 7.6m (historical drilling campaign);
  • Kuni: 19.8 g/t Au, 9.5 g/t Au;
  • Alias: up to 72.7 g/t Au in quartz-pyrite-chalcopyrite veins;
  • SP: up to 419 g/t Au in quartz-pyrite-galena-sphalerite veins;
  • Wayne: up to 250.1 g/t Au in quartz-galena veins, 40.1 g/t Au, 32.7 g/t Au and 24.8 g/t Au in quartz-pyrrhotite veins;
  • Stars: up to 4.34 g/t Au, 0.57% Cu, 0.08% Co (grab samples); up to 2.56g/t Au, 0.508% Cu, 0.153% Co / 0.45m (2017 drilling campaign).

PARTNERSHIP

• 100% Midland
• Available for option agreement