| Risk and valuation analysis of the Falls Creek Project |
| Status Risk : Green exploration |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the Falls Creek Project |
 | First Narrows Resources
Option on interest: 100% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| The Company has the right to earn a 100% interest in the claims by issuing 90,000 common shares as an initial option payment, and up to 240,000 additional common shares to the Optionors over 6 years. The Optionors retain a 1.5% NSR, 50% of which the Company may purchase at a cost of $500,000. |
|
|
|
| Location of the Falls Creek Project |
|
The Falls Creek property is located approximately 40 kilometers south of the Chester property and 27 kms north of the village of Boiestown, in the little explored regions of New Brunswick’s central highlands.
|
| |
| History of the Falls Creek Project |
|
Tungsten and molybdenum mineralization was discovered in widespread boulders in 1982 by Delbert Johnston on what is now the Falls Creek property. Consequently, claims were staked and optioned to various exploration companies. Records indicate that hi more...
|
| |
| Geology of the Falls Creek Project |
|
|
Wolframite ([FeMn]WO4) and molybdenite (MoS2) were visible as fine to medium sized grains and crystals disseminated in the greisen, increasing to cm’s in size in the pegmatitic material. The mineralized boulders were observed on the north-south easte more...
|
| |
|
|
