| MacFadyen Project |
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MacFadyen |
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Country |
Canada
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Province |
Ontario |
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Status |
BROWN EXPLORATION
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Latitude / Longitude |
52 N 56 / 82 W 24 |
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Legends
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| Risk and valuation analysis of the MacFadyen Project |
| Status Risk : Brown exploration |
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| Title(s) of the MacFadyen Project |
 | KWG Resources Inc.
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | CLIFFS Natural Resources
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Under the terms of the amendment, KWG and Spider acknowledge that they
have reached parity and share this project 50:50, and KWG can acquire a
66.67% interest in this project by solely funding a program that matches Spider’s
historical expenditure to date on the project. |
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| History of the MacFadyen Project |
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Sixteen of those kimberlites were discovered in the area by Monopros, the Canadian exploration arm of De Beers Consolidated Mines in 1988-89. The seventeenth other kimberlite was drill identified by a joint venture between Canabrava and Navigator, near one of the more southerly De Beers kimberlitesSpider and KWG discovered their first two kimberlites; MacFadyen #1 and MacFadyen#2 in 1994
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| Geology of the MacFadyen Project |
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The MacFadyen Group of five Paleozoic kimberlites is located along the course of the Attawapiskat River amongst 17 other kimberlites
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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