1844 Resources

Overview

The Gaspe Peninsula in southeastern Quebec covers approximately 11,390 square miles of thick forest and free-flowing rivers and lakes. Despite its humble appearance, this region stands as one of the definitive districts for geological and mineral exploration in Canada, a reputation in the midst of making a strong comeback.

In 1844, Sir William Logan, founder and first director of the Geological Survey of Canada, mapped the majestic Gaspe Peninsula, not knowing the exceptional copper mining opportunities the region would later present. After decades of under-exploration, Gaspe presents investors and active copper and polymetallic companies with the opportunity for exciting discovery and economic success.

1844 Resources Inc. (TSXV:EFF) is an exploration company with a focus on the grossly underexplored region of Gaspé in Québec. The company’s robust project portfolio includes the Vortex, Native Copper and Lac Crystal projects.

1844 Resources’ strategic positioning in the Gaspe Peninsula allows it to leverage the area’s rich past-producing mining history. The prolific Gaspe Copper Mine, a subsidiary of Noranda Mines Limited in Murdochville, produced approximately 141 million tons (Mt) at 0.85 percent copper from 1954 to 1999. 1844 Resources could likely see similar margins with exploration and project development today.

1844 Resources’ secondary asset is the Native Copper project in the municipality of Chandler, which comprises 156 claims. The project is part of the Mont Alexandre syncline, associated with an important metallotect volcanic horizon part of the Lake McKay Member, which lies within the greenstone belt present in the Gaspe Peninsula.

1844 Resources’ management team consists of world-class experts in the mining sector. The team combines more than 100 years of experience in copper resources, finance and geological exploration. These attributes prime the company for outstanding economic success and mineral yield potential in the growing copper market.

Company Highlights

• 1844 Resources is focused on the underexplored regions of Gaspé and its exciting portfolio of copper projects, including the Vortex, Native Copper and Lac Crystal.
• The Gaspe Peninsula has a rich history of past-producing successes, stemming mainly from its Gaspe Copper Mine. The company has strategic positioning close to this especially valuable copper resource.
• 1844 Resources’ management team consists of strong leaders in the copper and mineral exploration sector, who bring over 100 years of combined expertise in financial resource development and project acquisition.

Key Projects

Vortex Project

The Vortex project is a copper, molybdenum and gold project, which adjoins the Glencore and Soquem property, situated at Sullipek East and 25 kilometers west of Murdochville. The project has seen extensive exploratory and developmental work since 2000, which significantly benefits 1844 Resources’ plans for the project.

Between 2009 and 2011, the Vortex had over 4,700 meters of combined drilling, geophysics and soil surveys and an exciting discovery of 0.94 percent copper at 29 meters in 2012. Strategically positioned near the Glencore and Soquem portion of the property, estimated resources hover between 2.24 Mt at 1.09 percent copper and 5.5 Mt at 0.88 percent copper.

1844 Resources remains excited for the future of this project and could see similar mineralization and discovery success as past projects from the prolific Gaspe Copper mine.

Native Copper Project

The Native Copper project is an exceptional greenfield copper exploration opportunity situated within the Gaspe greenstone belt, west of Chandler, Quebec. The property comprises 156 claims divided into four sectors: Native Copper South, North-west, North-East and Central. 1844 Resources has 100 percent undivided interest in the entirety of these claims.

This strategically positioned asset spans 28 kilometers in length on a horizon that is known to generate multiple mineralized copper zones and has already shown nine indicators in the area.

To date, the project has seen extensive prospecting, trenching and drilling, which has revealed copper grades upwards of 5.38 percent.

In 2022, 1844 Resources announced the sale of Lac Arsenault to Canada Gold Resources Ltd for C$600,000.1844 shall be entitled to a one percent net smelter royalty (NSR) and the purchaser shall have the right to repurchase the NSR for C$500,000.

Management Team

Sylvain Laberge - President, CEO and Director

After obtaining a degree in hotel management, Sylvain Laberge entered into a sales career in a different sector. He became part of a new company founded in 1999, Renmark Financial Communication, an enterprise specializing in investor relations, where he became VP and developed an interest in emerging companies and especially mining exploration. Laberge has been managing Gespeg since 2013 and also managed other junior companies during that period. He is presently a director of Omineca Mining, a future gold producer, and Royal Helium, one of the largest leaseholders in Canada.

Andrew Davidson - CFO, Secretary and Director

A graduate of the University of Calgary (BComm), Andrew Davidson is a chartered accountant with certification in both Saskatchewan and Alberta. Davidson’s extensive experience in junior natural resource finance and international financial reporting standards has been gained through years of experience in the Canadian junior resource markets and in public practice accounting in both the Alberta and Saskatchewan markets, focusing specifically on assurance for publicly listed enterprises. He is also involved as an officer or director in several other junior resource exploration and production.

Bernard-Olivier Martel - Manager of Exploration

Bernard-Olivier Martel graduated from the University of Quebec in Montreal in 1999. He is a member of the Geologist Order of Quebec and acts as a qualified person under National Instrument 43-101. His experience includes government services, engineering and geological and mineral exploration. Before and after graduation, he worked on various mapping projects for the Quebec Department of Natural Resources. Since 2004, Martel has worked exclusively for the mining industry as a consulting geologist for various exploration companies in Quebec and Ontario. In addition to his duties as technical director of geology for Gespeg Copper Resources, Martel acts as a geologist responsible for the exploration work for Explo-Logik Inc., a mineral exploration services company. projects in recent years: Nouveau-Monde Graphite, Maple Gold Mines, Laurion Mineral Exploration Inc. Tarkus Resources, Fancamp Exploration Ltd., Jourdan Resources and many others.