BUCHANS Polymetallic VMS Project -...

Summary

Adventus’ Buchans Project encompasses a 100% owned,

33,700 hectare package in the prolific Buchans mining camp

located in Newfoundland, Canada.

The historically mined Buchans deposits rank among the world’s

highest grade polymetallic (Zn-Pb-Cu-Au-Ag) VMS deposits,

however, in comparison to other VMS camps worldwide it has

seen limited exploration and research.

From 1927-1984, 16.2 Mt of ore grading 14.51% Zn, 7.56% Pb,

1.33% Cu, 126 g/t Ag and 1.37 g/t Au was mined at Buchans.

Adventus is conducting the first systematic district scale

exploration of the broader camp in modern times.

Easy access and simple logistics

Simple permitting in pro-mining jurisdiction

Low cost exploration

Highly qualified operating team

Geology and Mineralization

The project is entirely underlain by the Ordovician Buchans

Group which comprises a sequence of bimodal volcanic and

volcaniclastic rocks. The calc-alkaline Buchans River Formation

host all of the known massive sulphide deposits within the belt.

Mineralization consists of sphalerite, galena, chalcopyrite, barite

and lesser pyrite. Barite is the most abundant gangue mineral in

the ores and alteration is characterized by quartz-chlorite-sericite

+/- K-feldspar +/- carbonate.

Work Program

The 2014-2016 work programs comprised reconnaissance scale

prospecting and mapping, compilation, soil, rock and till

sampling, re-logging of historical drill core, and 3D integrated

modelling (GOCAD®) of geological and geophysical data. In

2017, an additional 457 claims were staked and an airborne EM

survey was flown over the full property package.

Several base metal bearing alteration zones have been

identified for further follow up with a proposed program of

prospecting, mapping and geophysical surveying (gravity and

TDEM). Compilation of historical work and integration into

GOCAD® to identify additional targets is also ongoing.

Opportunity

In comparison to other VMS camps worldwide Buchans has

seen only modest exploration and research, especially in the

past 25 years.

2014 was the first time in 20 years that large parts of the

Buchans camp were open to staking. Adventus now controls the

largest land position within the belt.

99% of the historic work (drilling) and all mining preceded

recognition of the current structural geology model related to fold

and thrust belt tectonics.

The majority of the historic drill holes are shallow and within

close proximity to the former mine area. All discoveries

happened more than 50 years ago and were shallow discoveries

or extensions of known deposits.

In 2017, the first high resolution airborne survey in >15 years

(including heli-TDEM) was completed on Buchans and

peripheral areas with prospective stratigraphy, which identified

35 drill-ready targets.

Mary March Brook outcropping alteration zone which

remains largely untested.

Deer Lake Grand Falls-

WindsorGander

St. John’s

BUCHANS

PROJECT

BUCHANS Polymetallic

VMS ProjectA World Class VMS District with Excellent Potential for Further Discovery

Newfoundland

& LabradorCANADA

U.S.A.

TARGET 1 - Horseshoe Pond:

❖ Coincident Cu-Zn soil anomaly over an area of ~100 x

900m.

❖ Outcrop and boulders of altered and mineralized felsic-

mafic volcanics found during prospecting yielded up to

0.46% Zn and 0.45% Cu.

❖ Historic drill hole to the north of the soil anomaly,

intersected 0.71% Cu over 1.5 m.

❖ 1995 UTEM survey over the area yielded several

conductors which were not followed up.

TARGET 2 - Lake 3, 7, 12:

❖ Altered, mineralized “ore horizon” rocks intersected below a

thrust fault.

❖ Area has seen only shallow drilling.

TARGET 3 - McLean East:

❖ Historic drill hole that intersected polylithic debris flow with

ore clast was only drilled +3 metres due to poor recovery.

❖ Another drill hole in the area was surveyed with downhole

EM resulting in an off-hole EM conductor that was not

followed up.

TARGET 4 - Seal Pond:

❖ Alteration zone outlined over an area of at least 0.3 x 6 km.

❖ 13.45% Zn, 0.4% Cu over 0.2m discovered from archived

drill core sampled by Altius in 2015 (ddh SP-05-05).

❖ Coinc. Zn-Cu soil anomaly over an area of ~1,500 x 700 m.

TARGET 5 - Mary March Brook:

❖ Historically documented occurrence of altered, mineralized

felsic volcaniclastic yielding up to 0.46% Zn, 0.07% Cu and

4 g/t Ag (2015 grab sample).

Carol Seymour, P.Geo., is the qualified person, as defined by NI 43-101, who supervised work programs and preparation of the technical data presented here.

To Request More

Information:

Sam LeungVP Corporate Development

sam@adventuszinc.com+1 416 206 4187

Jason DunningVP Explorationjason@adventuszinc.com+1 416 317 4566

BUCHANS Polymetallic

VMS ProjectA World Class VMS District with Excellent Potential for Further Discovery

THE FOLLOWING TARGETS ARE RECOMMENDED FOR FURTHER FOLLOW UP:

Former Buchans Minesite

past production:

16.2 Mt @ 14.5% Zn, 7.6% Pb, 1.3% Cu

126 g/t Ag, 1.4 g/t Au

11 ore bodies*