Overview and Location

The Humber Project is an early-stage conceptual exploration project located outside of Corner Brook, Newfoundland, Canada. The Project is focused on critical minerals and comprises 1,627 claims in 10 mineral licences covering a total area of approximately 50,000 hectares (Figure 1).

The Humber Project covers three separate licence blocks (Blocks 1, 2, and 3) that are located 31, 45 and 11 km north of Corner Brook on NTS Map Sheets 12H/04, 12H/05 and 12G/01, respectively. The Project is accessible by a network of gravel and logging roads that extend from provincial highways (HWY 430 at Deer Lake, HWY 431 at Wiltondale, and HWY 440 at Hughes Brook and Cox's Cove).

Project Highlights

• District scale land package now comprising 40,675 hectares;

• Located within the top-tier mining jurisdiction of Newfoundland and Labrador;

• Potential for discovery of significant Cu-Co deposits;

• 8+ km Hughes Lake Copper-Cobalt Trend;

• Host to regionally anomalous Cu, Co, Ag, Pb +/- Au, Mo, As, and Sb lake sediments;

• Metal signature analogous to Sediment-hosted Stratiform Copper (“SSC”) deposit types, which represent 20% of Cu production* and 60% of Co production^;

• SSC deposit types are found in the Kalahari Copper Belt, Namibia and Botswana; Central African Copper Belt, Zambia and the Democratic Republic of Congo (DRC); and the Kupferschiefer Belt, Poland;

• Year-round accessibility with road access to the majority of the Project;

• First mover advantage in a previously unrecognized area of exploration potential; and

• Acquired through staking – cost-effective acquisition with no underlying royalties or option payments.

Geology

The Project is underlain by sedimentary rocks of the Humber Zone of the Newfoundland Appalachians, more particularly the Ordovician-aged Humber Arm Allochthon Allochthon; a section of shelf sediments that have been accreted (thrust) onto Precambrian Grenville basement (Long Range Massif) and associated Late Cambrian to Middle Ordovician carbonate (and related rocks) sediments of the St. George, Port au Port and Table Head groups (Williams et al., 1983; Knight, 1994). The Humber Project is specifically underlain by rocks of the Bonne Bay Group or equivalents.

The sedimentary Humber Arm Allochthon and adjacent plutonic and volcanic Hughes Lake Complex are host to coincident anomalous copper (Cu), cobalt (Co), lead (Pb), silver (Ag), molybdenum (Mo), gold (Au), arsenic (As), and antimony (Sb) lake sediment values (Figures 1 and 2). These rocks have been variably deformed and metamorphosed which are known to create favourable deposition environments for these deposit types.

The Hughes Lake Trend is underlain by Neo-Proterozoic to Cambrian-aged plutonic and volcanic Hughes Lake Complex that are in fault contact with the adjacent Humber Arm allochthon (Figure 1).

The Hughes Lake Trend is defined by an 8 km long anomalous zone of copper and cobalt in soil samples that is coincident with mafic volcanic rocks of the Hughes Lake Complex and associated magnetic rocks. Importantly, historic soil samples** assay up to 524 ppm Copper with 17 of 646 (2.6 %) samples assaying >75 ppm Copper and 33 of 646 (5%) samples assaying >50 ppm. Soil samples** assay up to 111 ppm Cobalt with 12 of 646 (1.8%) samples assaying > 50 ppm Cobalt and 26 of 646 samples (4%) assaying > 25 ppm Cobalt (Figures 3 and 4).

This metal signature and geological environment is supportive of the area being host to Sediment-hosted Stratiform Copper (“SSC ”) Deposits. SSC Deposits host 60% of global Cobalt production^ and 20% of global Copper production* in deposits such as the Central African Copper Belt, which is thought to be analogous to the geological setting of the Humber Copper-Cobalt Project. The exploration potential is also underscored by the presence of nearby base metal deposits including the York Harbour and Daniels Harbour deposits located at lower stratigraphic levels of the region.

Lake Sediment Geochemistry and Global Analogues

The Project is centred on a series of anomalous lake sediment samples (Davenport et al., 1996) that show regionally elevated levels of Co (up to 160 ppm), Ag (up to 0.6 ppm), Pb (up to 84 ppm), Cu (up to 99 ppm), As (up to 142 ppm), Mo (up to 15 ppm), and Au (up to 10 ppb) (Figures 1 and 2). An analysis of the lake geochemical data via Principal Component Analysis has indicated that the metal suite present within the Project area is likely related to a black shale source, as many of the anomalous lake sediments have low-Ni values which precludes association with the nearby ophiolite complexes to the immediate west.

2025 Exploration at the Humber Project

Phase 1 Summary: Completed Actions

• Airborne magnetics and electromagnetics covering entire property (2,436 line kms)

• 505 soil samples focused on following up existing elevated Cu and Co soil trends at the Hughes Lake Trend as well as recently-discovered copper zone (results pending)

• Prospecting and geological mapping of the Hughes Lake Trend and begin reconnaissance prospecting on larger property (collection of 81 rocks; results for 61 rocks received)

• Discovery of in-situ copper mineralization at Hughes Lake with grab samples up to 1.26% Cu

Humber Project Phase 1 Spent: C$585k

Phase 2 Outline: Proposed Actions

• Follow-up prospecting on recently-discovered copper zone

• Regional geological mapping, prospecting and geochemistry (200 streams) to follow up on airborne results

• Additional soil sampling over any other identified areas (1,500 soils)

Humber Project Phase 2 Budget: C$350k

Technical Reports and Documentation Notes

This technical content of this website has been reviewed and approved by David A. Copeland, P. Geo., Chief Geologist with Signal Gold Inc., a "Qualified Person", under National Instrument 43-101 - Standard for Disclosure for Mineral Projects.

All quoted soil and lake sediment samples results were compiled from historic assessment and government reports obtained from the government of Newfoundland and Labrador. The Qualified Person has not completed sufficient work to validate these historic results.

*https://www.geologyforinvestors.com/sediment-hosted-stratiform-copper-deposits-the-future-of-copper-and-cobalt-mining/

^Petavratzi, E, Gunn, G, Kresse, C. (2019). Commodity review: Cobalt. British Geological Survey.

**(Galloper Gold Corp.; Fage, 2022)