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.