TSX-V NEWO
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TSX-V NEWO
LAST 0.10
CHANGE -0.01

Overview

Located in the Cobalt-Temagami Region of Ontario, the South Abitibi Project covers approximately 17,755 hectares (“ha”) in the southern portion Canada’s prolific Abitibi Greenstone Belt. The Property is an early-stage, exploration project with multi-commodity potential surrounded by world-class gold, silver (cobalt), nickel, copper, zinc mining districts.

The property is underlain by Proterozoic-age sedimentary rocks, Nipissing diabase and inliers of Archean-age greenstone. Much of the area has seen little exploration work due to an exploration moratorium that extended from 1970 to 2000. Gold occurrences have recently been identified in the South Abitibi property through surface sampling and preliminary drilling conducted by NewOrigin Gold. Gold potential is highlighted by research indicating a covered and essentially unexplored Abitibi Greenstone Belt volcanic arc and regional tectonic break extends across the property.

Historic Cu-Ni sulphide occurrences known through previous drilling extend under cover. New AEM anomalies have been delineated by NewOrigin Gold which are targeted for drilling. Co-Ag occurrences discovered over 70 years ago have not been followed up.

The property has excellent infrastructure with roads, rail, power and gas pipelines crossing the property.