CLINTON PROJECT

Cu, Zn, Ag

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OVERVIEW

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POSITIONED IN A HIGHLY PROSPECTIVE VMS BELT - HIGH-GRADE INTERSECTIONS

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• The 100%-owned Clinton Project is situated ~20 km SouthWest of the town of Megantic, north of the Maine border.

• The Clinton Project encompasses ~20km of favourable stratigraphy within the Clinton River volcano-sedimentary belt. It hosts a series of Cu–Zn rich volcanogenic massive sulphide (VMS) mineralization lenses extending over a 5-kilometre NorthEast horizon. 

• Previous work highlighted potential to expand known mineralization and to discover new copper-rich massive sulphides lenses:

  • The 2022 program intersected 3.15 metres at 3.30% Cu and 12.64 g/t Ag, extending the known Clinton A massive sulphide lens by more than 100 metres along strike (FNC press release dated 14/06/2022;​).

  • Q12023 Induced polarization (IP) survey delineated high priority anomalies along targeted favourable geological horizon on an overlooked part of the property. 

  • Most mineralized lenses at Clinton are open at depth and some lenses (such as A and E) remain open along strike.

  • Modern exploration techniques, such as the IP survey deployed in Q12023 have the potential to detect new mineralized lenses missed by previous operators.​​​

• Recent work reported positive results from a Gravity Survey conducted in December 2024 at the Clinton volcanogenic massive sulfide project, situated in the past-producing area of the Appalachian region of Southern Québec, one of the top jurisdictions globally in terms of attractiveness for exploration investments (Annual Survey of Mining Companies 2023, Fraser Institute). The recent work conducted at Clinton was successful at identifying multiple, new, high-density targets at depth and delineated the potential VMS deposit root system, fundamental elements to allow for the extension of current mineralization, to demonstrate a significant VMS deposit at Clinton and provide for new copper discovery. The results of the work conducted at Clinton are highly encouraging, proving out that new targets exist at depth, conceivably larger than on surface, with the potential to extend the already defined mineralized lenses and uncover new meaningful copper-zinc bearing massive sulphides lenses. The Gravity Survey consisted of the acquisition of 2,000 gravity stations, on line spaced every 100 meters with reading stations every 25 meters, in the northern sector of the Clinton property. The survey investigated the potential of identifying deep seated VMS lenses under the known mineralized occurrences of the Clinton Project, which hosts historic production that occurred during the 1970’s and multiple copper-bearing mineralized lenses. Particular attention was provided to the favorable horizon capping the “AB”, “C”, “D”, “E” and “O” lenses.

• Highlights

  • Twenty-three (23) anomalies indicative of sources in positive density contrast with the host rocks have been identified. These gravity sources are essentially regrouped within the confines of three (3) NNE/SSW oriented, slightly broader, anomalous corridors that seem to feature prospective bands of rocks within, or in the vicinity of which are observed, known mineral lenses.

  • The Gravity Survey effectively delineated the geologically favorable horizon hosting the known "AB," "C," "D," and "E" lenses. The known lenses, which exhibit a significant density contrast with the surrounding host rocks, correspond to distinct gravity anomalies, confirming the survey's effectiveness. Critically, the survey also identified new, high-density targets at depth, both below and between the known lenses, which represent compelling drill targets for Cu-Zn massive sulfide mineralization.

  • A second, stratigraphically lower corridor, which correlates with the known "V Zone," may represent the root system of a volcanogenic massive sulfide (VMS) deposit. The property's highest-grade intersection to date, 2.78% Cu, 16.9 g/t Ag over 24.7 meters (refer to press release dated October 14, 2014) was drilled along this corridor. The Gravity Survey identified a new, high-density target along this trend, located below the known "C" lens. This target constitutes another high-priority drill target on the Clinton Project.