Earthwise Minerals: Unlocking Value in the Abitibi Greenstone Belt

Earthwise Minerals, a Canadian gold exploration company, is strategically positioned to capitalize on value-driven acquisitions and development initiatives. At the forefront of its portfolio is the Wilson Project, situated within the highly prospective Abitibi Greenstone Belt. This article explores Earthwise Minerals' financial outlook and investment appeal, with a specific emphasis on the promising opportunities presented by the Wilson Project.

The Abitibi Greenstone Belt

The Abitibi Greenstone Belt, a geological marvel formed approximately 2.6 billion years ago, stands as a cornerstone of gold production in Canada. With over 200 million ounces of gold extracted to date and an estimated additional 100 million ounces yet to be tapped, the belt represents a significant opportunity for exploration and investment. Notably, its track record includes 124 operational mines since 1901, underscoring its status as a prolific gold-producing region.

The Wilson Project: Strategic Location and Background

Earthwise Minerals' primary focus is the Wilson Project, strategically situated within the Abitibi Greenstone Belt. Encompassing 42 contiguous mining claims spanning approximately 1,660 hectares, this project holds a prime position just 175 kilometers northeast of Val-d’Or, a pivotal mining hub in Northwestern Québec. Accessible year-round via a network of gravel roads, the Wilson Project offers an ideal setting for gold exploration and development.

‍

Historical investment in the Wilson Project has totalled approximately $4.5 million, primarily directed toward drilling initiatives. Looking ahead, Earthwise Minerals is poised to inject an additional $600k-$650k into the project in 2024, prepared for expansion. This forthcoming investment will facilitate a comprehensive three-phase program comprising historical data compilation, permit acquisition, surface work, and a 4,000-meter diamond drilling campaign. Such initiatives aim to enhance understanding of the project's geological potential and lay the groundwork for future resource expansion.

Insights from the Wilson Project Drilling Highlights

Previous drilling campaigns at the Wilson Project have yielded compelling evidence of promising mineralization, shedding light on the project's significant geological potential. Of particular note are intervals demonstrating high-grade concentrations, underscoring the richness of the mineralized zones within the project area.

One standout example from past drilling efforts reveals an impressive grade of 83.60 g/t over just 1 meter, highlighting the presence of exceptionally high-grade gold mineralization. Such exceptional grades signify the existence of localized zones of concentrated mineralization, presenting opportunities for targeted exploration and resource delineation.

In addition to high-grade intervals, wider intercepts from past drilling campaigns further reinforce the prospectivity of the Wilson Project. Notable examples include:

• A 67-meter thick interval averaging 1.5 g/t gold
• A 41-meter thick interval averaging 2 g/t gold
• A 3-meter thick interval averaging 33.2 g/t gold

These wide intervals, albeit at lower average grades, indicate the presence of a substantial volume of mineralized material across extended sections of the project area. Such consistent findings of mineralization suggest the existence of a viable mineralized zone with significant potential for future exploration and resource expansion.

The Investment Opportunity

Earthwise Minerals' flagship project, the Wilson Project, holds significant promise for investors, particularly with the development and exploration of the Toussaint Zone. This zone, meticulously expanded by Cartier Resources, has been delineated as the primary gold-rich area within the Wilson Project.

Cartier's extensive efforts to extend the Toussaint Zone laterally and to considerable depths yielded impressive results. With inferred reserves totalling 187,706 tonnes at an average grade of 7.1 g/t gold, contained within an oval-shaped body averaging 5-6 meters in thickness and extending over 250 meters, the Toussaint Zone represents a substantial asset for Earthwise Minerals.

To capitalize on this potential, Earthwise Minerals is embarking on a comprehensive three-phase program to maximize the value of the Toussaint Zone. This program includes historical data compilation, permit acquisition, surface work, and a 4,000-meter diamond drilling campaign. The overarching goals of this initiative are to extend the mineralized gold system, provide essential data for an NI 43-101 report, explore deeper mineralization levels, identify new exploration targets, and assess high-grade intercepts.

The financial implications of the Toussaint Zone's potential cannot be overstated. With today's Canadian gold price hovering around $2700 per ounce and the Toussaint deposit containing an impressive grade of 7.6 g/t, the estimated gross worth of the deposit amounts to approximately $124 million. Remarkably, despite this substantial potential value, Earthwise Minerals (trading under $WISE.CN) currently maintains a market capitalization of just $500k.