Acadian Mining

Scotia Goldfields Project

• Scotia Goldfields Project
  • Beaver Dam
  • Fifteen Mile Stream
  • Forest Hill
  • Goldenville
  • Tangier

Noteworthy Features

• Meguma Gold Deposits can be classified as either high-grade narrow vein deposits, potentially amenable to underground mining, or low-grade deposits, potentially amenable to open pit or bulk underground mining.
• Both deposit types reflect a similar ore-forming process and represent saddle-reef style deposits characterized by vein arrays localized in the hinge area of regional anticlines.
• Narrow vein deposits are characterized by single or multiple veins within narrow slate intervals in meta-sandstone dominated sequences, whereas potential bulk minable deposits are characterized by multiple veins dispersed across thick slate intervals or numerous closely spaced veins.
• Mineralized veins, in both instances are related to bedding-parallel faults developed within slate intervals during folding.
• All of the current projects within the Meguma Goldfields occur within historic districts previously developed as narrow vein underground mines with limited production.
• Recognition of potential bulk minable mineralization is relatively new in the district and appropriate evaluation of many of the deposits is yet to be completed.
• The potential to expand resources is significant, particularly at depth where the presence of stacked veins systems is highly likely. Bulk minable open pit resources have been defined where veins are closely spaced and low grade wall rock hosted mineralization occurs.
• Meguma Gold Deposits are comparable to those of the Victoria Goldfields of Australia, which have produced over 22 million oz. of gold. A comparison of development of the Victoria Goldfields and the Meguma Goldfields indicates the latter are highly under developed and that significant undiscovered resources may exist. In general, exploration and development of the Meguma Goldfields has been limited to shallow depths and areas of thin overburden.

Acadians Meguma Goldfields Projects

• Acadian controls over 20 distinct gold projects in Nova Scotia, encompassing ~43,000 hectares
• Acadian's total mineral resource is:

  
• Excellent resource expansion potential/new discovery potential exists on Acadians vast landholdings

The Acadian Strategy

• Acadian's current focus is on exploration/development of projects that have potential to be developed as open pit, bulk-minable gold mines, and to advance these projects to feasibility study status as rapidly as possible.
• Immediate objective is to increase the quality and scale of the resource at the Fifteen Mile Stream and Beaver Dam properties, as these projects offer the best opportunity for development of an open pit mining operation. The proximity of the two deposits allows the resources of both deposits to be considered in the context of a common mill facility. Nearby properties, such as Cameron Dam and Harrington Cove, also present potential to increase the gold resource in the immediate area.
• Golden Seal property represents the strike extension of the Goldboro property, currently being evaluated by a third party. Limited historic mining and drilling confirms the continuation of similar mineralization onto Acadians Golden Seal property and drilling is required to test the extent of this mineralization.
• Acadian holds a large tract of land representing the strike extension of the Beaver Dam and Fifteen Mile Stream deposits referred to as the FMS Trend. The FMS Trend is a stratigraphic and structural feature which is considered prospective for new discoveries of mineralization similar to that found at the Beaver Dam and Fifteen Mile Stream deposits. The FMS Trend also hosts the Moose River (Touquoy) deposit held by Atlantic Gold. The first phase evaluation of the FMS Trend was to fly an airborne magnetic survey, the results of which were successful in defining prospective magnetic horizons within the extents of the FMS Trend where follow-up is warranted.
• Acadian recently completed a detailed till survey covering the FMS Trend. The data generated by this program, in conjunction with the geophysical data discussed above, has outlined several anomalous areas for follow-up in the search for new gold deposits. The survey covered approximately 8,300 hectares and included over a thousand samples.

Acadian's properties with estimated mineral resources include two projects deemed to have potential to be developed as open pit mines, and three projects that are currently viewed as hosting underground potential:

• Beaver Dam (open-pit potential)
• Fifteen Mile Stream (open-pit potential)
• Tangier (underground potential)
• Forest Hill (underground potential)
• Goldenville (underground potential)

Each of these current properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101, which are available on SEDAR (www.sedar.com), and under the specific project pages within this website.

Other gold deposits in Acadian's portfolio of projects includes the Oldham and Lake Catcha projects. Both projects will be investigated by Acadian for their bulk mineable potential in the future. Extensive historical trenching, the deepest gold shaft in Nova Scotia, abundant mineralized surface float, and almost no modern exploration indicate the potential of the Oldham project. Lake Catcha boasts the largest known alteration halo of all Nova Scotia gold deposits, measuring 10km x 3km. Historical exploration indicated wide zones of mineralization and suggests further potential for bulk minable resources.