Anteros Announces Application to JEA Program for Havens Steady Critical Mineral VMS Property, Newfoundland
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Anteros Announces Application to JEA Program for Havens Steady Critical
Mineral VMS Property, Newfoundland
St. John’s, Newfoundland and Labrador – February 19, 2025 – Anteros Metals Inc. (CSE: ANT) (“Anteros”
or the “Company”) is pleased to announce that it has submitted a formal application under the 2025
Junior Exploration Assistance (“JEA”) program for its 100% -owned Havens Steady Critical Mineral VMS
Property (“Havens Steady or the “Property”) in south -central Newfoundland (Figure 1). The Company’s
application seeks participation in both the Critical Mineral Assistance (“CMA”) and Provincial Critical
Mineral Assistance (“PCMA”) funding streams, which provide enhanced rebates for critical mineral
exploration activities in the province.
By leveraging these funding streams, Anteros aims to expand the known mineralization at Havens Steady
and work toward defining a new critical mineral deposit for Newfoundland and Labrador.
JEA APPLICATION HIGHLIGHTS
• Havens Steady hosts a polymetallic Volcanogenic Massive Sulphide (“VMS”) system with
significant occurrences of zinc, copper, silver, lead, and gold, qualifying the project for both CMA
and PCMA components of the JEA Program.
• Anteros has proposed a diamond drilling campaign comprising four (4) holes of 500 metres each
for a total of 2,000 metres. Drilling is designed to step out from existing mineralized zones defined
by more than 8,000 metres of historical drilling and intercepts of polymetallic, Kuroko-style VMS
mineralization.
• The Company has secured all necessary drilling and exploration approvals from the Mineral Lands
Division of Newfoundland and Labrador. Located close to hydroelectric power and a skilled
regional workforce, the Property benefits from excellent infrastructur e and year -round road
access in a mining-friendly jurisdiction.
• The 1,000-metre known strike length is hosted in an altered felsic volcanic sequence, analogous
to other large VMS deposits in the Buchans –Victoria Lake area. Historical work has identified
multiple untested geophysical anomalies and strong precious-metal (gold-silver) and base-metal
(zinc-lead-copper) intercepts. The Company intends to further evaluate these high -priority
targets to bolster the province’s growing inventory of critical minerals.
JAE PROGRAM APPLICATION – HAVEN STEADY VMS
FEBRUARY 18, 2025 2
Figure 1: Havens Steady Property location (1:350,000 scale)
EXPLORATION STRATEGY
Since acquiring the Property in January 2024, Anteros has performed comprehensive digital compilation
of historic data, confirming multiple conductive anomalies derived from past airborne electromagnetic
surveys and highlighting several zones of high -grade sphalerite, galena, bornite, and chalcopyrite
mineralization. Building on these findings and a newly established 3D modeling effort that refines the
positions of various mineralized horizons, the Company is undertaking a Phase One exploration program
with a CAD $300,000 budget. This initial phase, scheduled to begin in early summer of 2025, will focus
on four diamond drill holes designed to extend miner alization along the Property’s known 1,000-metre
strike. Drilling targets will be selected using historical drill data, a recently digitized geophysical survey,
and detailed structural interpretations of the VMS system, with the aim of delineating higher -grade
shoots enriched with copper and gold. Drilling results are expected to inform a future NI 43 -101-
compliant mineral resource estimate.
JAE PROGRAM APPLICATION – HAVEN STEADY VMS
FEBRUARY 18, 2025 3
PROPERTY HIGHLIGHTS
• 100%-owned by Anteros Metals
• Road accessible and situated in a region renowned for rich, Kuroko-type VMS deposits
• Proximal to the past-producing Duck Pond Mine and other major VMS operations within the
renowned Buchans Mining District
• 1,000-metre corridor of lead -zinc-silver ± copper -gold mineralization , extending to over 800
metres below surface
• Historic drilled intercepts include:
o 25.38m of 0.10% Cu, 0.52%Pb, 1.78% Zn, 13.74g/t Ag, and 0.09g/t Au in HS09 -21 from
133.77m
o 59.70m of 0.11% Cu, 0.17% Pb, 0.66% Zn, 8.32g/t Ag, and 0.23g/t Au in HS-87-2 from 9.20m
o 97.70m of 0.04% Cu, 0. 33% Pb, 1.57% Zn, 9.20g/t Ag, and 0. 09g/t Au in HS -88-05 from
298.00m
• Historic drilled intercepts of gold and/or copper enrichment, including:
o 2.72m of 2.1% Cu, 3.6% Pb, 6.17% Zn, 56.42g/t Ag, and 1.82g/t Au in HS09-18 from 97.42m
o 1.70m of 3.80% Cu, 1.06% Pb, 2.90% Zn, 78.20g/t Ag, and 3.04g/t Au in HS09-21 from
80.80m
o 0.50m of 3.10% Cu, 0.16%Pb, 0.85% Zn, 23.80g/t Ag, and 0.59g/t Au in HS09-21 from
120.75m
o 25.38m of 0.10% Cu, 0.52%Pb, 1.78% Zn, 13.74g/t Ag, and 0.09g/t Au in HS09-21 from
133.77m
o 2.60m of 2.94 g/t Au in HS-87-2 from 13.70m
o 1.30m of 4.16% Cu in HS-86-86 from 134.7m
• Valid exploration permits in place, ensuring a streamlined 2025 drill program
• Complements the Company's Strickland VMS property, emphasizing a strategic focus on copper-
zinc-lead as critical minerals for project portfolio expansion and economic growth
REGIONAL SETTING
Havens Steady is located within the Central Mobile Belt of the Dunnage Zone in Newfoundland and
Labrador, an area underlain by Cambrian to Silurian volcanic and sedimentary sequences, as well as
associated intrusive rocks. Situated along the periphery of the Victoria Lake Supergroup, home to several
important volcanic assemblages , the Property resides within a mining -friendly jurisdiction that has
historically yielded large, polymetallic VMS deposits. Notably, the past-producing Duck Pond Mine, only
15 kilometres away, reported pre-production reserves of 4.078 million tonnes gradin g 3.29% Cu, 5.68%
Zn, 59.3 g/t Ag, and 0.86 g/t Au, in addition to an inferred and measured resource of 1.073 million tonnes
of 3.04% Cu, 7.05% Zn, 71.2g/t Ag and 0.8g/t Au (Canadian Mining Journal, Aug 1, 2006).
The district’s record of high-grade copper, zinc, and precious metal production underlines the geological
potential of this emerging critical mineral hub.
JAE PROGRAM APPLICATION – HAVEN STEADY VMS
FEBRUARY 18, 2025 4
GEOLOGICAL SETTING
Dominated by felsic volcanic rocks interbedded with graphitic argillites and siltstones, the Property
exhibits strong sericitization and silicification, with chloritic alteration intimately associated with massive
and stringer sulfide zones (Figure 2). The multiple known mineralized horizons host notable occurrences
of sphalerite, galena, chalcopyrite, and bornite. The broader Buchans-Victoria Lake area is known globally
for rich polymetallic ore bodies akin to the prolific Kuroko deposits of Japan.
Figure 2: Geology, geophysics, and historical drilling at Havens Steady
ADDITIONAL INFORMATION
For more information regarding the Newfoundland and Labrador Junior Exploration Assistance Program,
please visit: https://www.gov.nl.ca/iet/mines/exploration/mip/jea/
JAE PROGRAM APPLICATION – HAVEN STEADY VMS
FEBRUARY 18, 2025 5
Additional details about Havens Steady and Anteros Metal’s operations are available in the Company’s
Investor DECK, downloadable on the Company website:
https://anterosmetals.com/wp-content/uploads/2025/02/Anteros_Deck_February_2025.pdf
QUALIFIED PERSON
The technical information contained in this news release has been reviewed and approved by Jesse Halle,
P . Geo., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects (“NI 43-101”). Mr. Halle is independent of Anteros Metals Inc. within the meaning of NI 43-101.
ABOUT ANTEROS METALS INC.
Anteros is a multimineral junior mining company using data science to target and acquire highly
prospective deposits for exploration and development throughout Newfoundland and Labrador. The
Company is currently focused on advancing four key projects across diverse commodities and
development horizons. Immediate plans for their flagship Knob Lake Property include bringing the
historical Fe -Mn Mineral Resource Estimate into current status as well as commencing baseline
environmental and feasibility studies.
For further information please contact or visit:
Email: [email protected]
Phone: +1-709-769-1151
Web: www.anterosmetals.com
Social: @anterosmetals
On behalf of the Board of Directors,
Chris Morrison
Director
Email: [email protected]
Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact
16 Forest Road, Suite 200
St. John's, NL, Canada
A1X 2B9
JAE PROGRAM APPLICATION – HAVEN STEADY VMS
FEBRUARY 18, 2025 6
Cautionary Statement Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" within
the meaning of applicable Canadian securities legislation. All information contained herein that is not
historical in nature may constitute forward-looking information. Forward -looking statements herein
include but are not limited to statements relating to the prospects for development of the Company's
mineral properties, and are necessarily based upon a number of assumptions that, while considered
reasonable by management, are inherently subject to business, market and economic risks, uncertainties
and contingencies that may cause actual results, performance or achievements to be materially different
from those expressed or implied by forward looking statements. Except as required by law, the Company
disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not
to put undue reliance on these forward-looking statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.