DEEP-NR24-NR-43-101-on-GGG-Project
Page 1 of 3 | DeepRock Minerals Inc. | #500, 666 Burrard Street, Vancouver, BC Canada V6C 3P6
For Immediate Release
DEEPROCK COMPLETES A COMPLIANT NI 43-101 TECHNICAL REPORT ON ITS
GOLDEN GATE GOLD PROJECT IN BATHURST, NEW BRUNSWICK
VANCOUVER, CANADA, November 6, 2019 – DeepRock Minerals Inc. (the “Company”) (CSE Symbol:
“DEEP”), is pleased to announce it is now in receipt of the maiden NI 43 -101 compliant technical report
on the Golden Gate Gold Project in Bathurst, New Brunswick. The report is titled “Technical Report on the
Golden Gate Gold Project”. The Technical Report is now available on SEDAR. This Technical Report has
been prepared by C.D.G.C. Inc. an independent consulting firm from St-Lazare, Quebec.
The Golden Gate Project is in Gloucester County about 11 km NW of Bathurst, New Brun swick one of
Canada’s highest producing, premier mining centres. Access to the Golden Gate Gold Project is easy via
paved road off regional Highway #11. Likewise, access to the historic work and drill core undertaken on
the project is in close proximity, within 1 km north of the main access road.
The Golden Gate Gold Project exemplifies Deeprock’s criteria for ideal gold and polymetallic
exploration/development opportunities in eastern Canada. The project is comprised of three ideally
situated exploration blocks comprising 13 claim units totaling 270 ha. (668.11 acres).
Key excerpts from the Report Summaries
In 2002, the project underwent a program of exploration and development work consisting of the
establishment of a grid of cut lines, geological ma pping, soil geochemical survey, lithogeochemical and
geophysical surveys (Mag and VLF). This work was a success, with the discovery of the mineralized erratic
blocks (12% Zn, 4.03% Pb, 0.07% Cu, 280 g/T Ag and 1.18 g/T Au) and of gold anomalies in soil (up to 100
ppb Au).
In fall of 2003, a trenching program exposed brecciated mafic volcanic rocks containing sulphides and
containing up to 8 g/T Au, in association with altered mafic volcanic rocks of the Little River Formation.
In 2004, the property was optioned by Acadian Gold Corporation which carried out additional trenching,
executed Mag, VLF and P.P. surveys and undertook drilling 11 holes for a total length of 635 m.. The
trenches revealed the presence of altered, silicified, carbonatized (Fe-Carbonate) mafic volcanic lava flows,
brecciated and sulphurized. Sulphides (mainly Py and Arsenopyrite) are visible in dissemination or
concentration in veins and veinlets in filling of fractures.
In 2004-2005, a second drill progr am of 8 holes totalling 579.80 m was executed in the same area. The
zone bounded by the drilled holes and trenches measures approximately 100 m in length by 30 m in width.
The drilling intercepted sedimentary and volcanic rocks. Gold is present in zones rich in Py-Asp. The best
intersections obtained are 0.41 g/T In on 52.5 m, 1.52 g/T Au over 13.6 m and 2.54 g/T Au over 0.60 m.
An alteration in hematite is strongly associated with the mineralization. Grab Samples of hematized rock
taken in the trenches returned up to 27.10 g/T Au.
In January 2008, Mountain Lake Resources Inc. optioned the property and from June 2008 to November
2008, their work program consisted of soil sampling, geology and prospecting, deep overburden sampling.
Page 2 of 3 | DeepRock Minerals Inc. | #500, 666 Burrard Street, Vancouver, BC Canada V6C 3P6
Samples were collected from the bedrock – overburden interface in the area of the known gold occurrence.
Low gold and arsenic anomalies were obtained.
Since 2009, the property has been reduced in size, focussing on the discoveries. In consideration of the
markets since 2009, limited exploration work was conducted on this key asset except keeping the claims
in good standing.
Geology and Mineralization
The Golden Gate Gold Project covers mafic lava flows and related sedimentary rocks of the Little River
Formation (Tetagouche Group). Penetrative fabric is poorly developed in mafic volcanic rocks adjacent to
the discovery trenches and in the drill core.
The regional geology of the area encompassing the Golden Gate Gold Project is conducive to a variety of
deposits in cluding copper -zinc+/-gold in volcanogenic massive sulphides and epigenetic gold deposits
which are spatially associated with secondary structures within or in close proximity to major regionally
extensive structures.
Mineralization consists of disseminated to patchy pyrite and arsenopyrite that is partially related to quartz
and/or quartz-carbonate veins in bleached grey-green country rocks.
An alteration in hematite is strongly associated with the mineralization. Grab Samples of hematized rock
taken in the trenches returned up to 27.10 g/T Au.
Three types of alteration are recognized:
1) Dissemination and veinlets of Py-Asp in little altered grey-green volcanic;
2) The same rock but more silicified and slightly hematized;
3) Polylithic matrix, breccia of pebbles, from 0.5 to 4 cm in diameter clasts, and of shape varying of
angular to rounded. Certain blocks are replaced by sulphides. Some clasts were probably red silts or
cherts.
In certain cases, samples from trenches indicated that the hematization is previous to the hydrothermal
phase and not the result of a recent meteoritic or weathering change.
Today, the exact spatial relationship between the various alteration/ mineralization types is unknown.
The major structural elements interpreted to occur within the Golden Gate Gold Project consist of a series
of thrust faults perceived to occur along a number of contacts between the various sedimentary and
volcanic rock units.
The Golden Gate Gold Project gold occurrences display characteristics of high level or epithermal systems.
Epithermal Au-Ag deposits are classified as a type of lode deposit consisting of economic concentrations
of Au (±Ag and base metals). These deposits are emplaced in a variety of host rocks from hydrothermal
fluids, primarily by replacement or by open-space filling processes that generate mineralized veins.
C.D.G.C. has reviewed the available data, has visited the Property and in doing so examined selected boxes
of drill core, compared the previous drill logs with observations made in the field, etc.
Page 3 of 3 | DeepRock Minerals Inc. | #500, 666 Burrard Street, Vancouver, BC Canada V6C 3P6
Results of this Technical Report clearly indicate the Property has very good resource potential not only at
the known gold zone but elsewhere on the Property, along the contact between the mafic volcanic rocks
and the meta-sediments.
C.D.G.C. recommends that an integrated surface and at depth exploration program be carried out to
validate the mineral potential of the Golden Gate Gold Project.
Based on the encouraging results obtained during the 2004-2005 drilling programs, C.D.G.C. recommends
a follow-up drill program using NQ calibre drills to test for along strike and down dip extensions to a
minimum vertical depth of 100 m.
The total budgeted cost for the initial phase of the recommended 2019 -2020 exploration programme is
estimated at $425,000.00 CDN.
Christian Derosier, P.Geo., D.Sc., is the qualified person (QP) as defined in National Instrument 43-101 and,
acting on behalf of DeepRock, has reviewed and approved the technical content of this news release.
About DeepRock Minerals Inc.
DeepRock Minerals is a dynamic Canadian mineral exploration company headquartered in Vancouver,
British Columbia. DeepRock’s primary focus is in acquiring and developing prime North American gold
and VMS type exploration/development mining projects; as well as existing processing and producing
mining operations of merit. DeepRock Minerals is managed by an experienced team of mining and
business professionals with more than 150 years of combined extensive operating and financial
experience and expertise. The shares of DeepRock Minerals Inc. trade on the Canadian Securities
Exchange (CSE) under the trading symbol “DEEP”.
Should you have any questions please feel free to contact the undersigned at any time at
ON BEHALF OF THE BOARD OF DIRECTORS OF DEEPROCK MINERALS LIMITED
Patrick D. O’Brien, ICD.D, MIoD
Director, CEO
Cautionary Note Regarding Forward-Looking Statements:
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of
this release. This news release contains "forward-looking information" including statements with respect to the future exploration
performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements of the Company, expressed or implied by such forward -looking statements. These risks, as well as
others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction
involving the securities of the Com pany. Forward-looking information contained herein is provided as of the date of this news
release and the Company disclaims any obligation, other than as required by law, to update any forward -looking information for
any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not
to place undue reliance on such forward-looking information.