Country Canada 
Province Newfoundland
Close to Milltown-head of bay
Surface 112 km² / 27,675 acres Number of claims 448
Latitude / Longitude 47 N 54 / 55 W 34
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Explores for Gold -
Last updated on 12/26/2010 - Terms of Use
Risk and valuation analysis of the LITTLE RIVER Project
Status Risk : Early discovery
Country Risk : Very Low
Title(s) of the LITTLE RIVER Project
Mountain Lake Resources Inc
Option on interest: 100%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
To maintain the Option in good standing and earn its 100% interest in the Property, Mountain Lake must make scheduled payments to the Optionors of $ 240,000 and 250,000 Mountain Lake shares over a four year period. The Optionors will retain a 2.0% net smelter royalty (“NSR”), and have granted the Company the exclusive right and option to acquire a 1.0% NSR for C$ 1,500,000.
Location of the LITTLE RIVER Project
The Property, consists of 448 mining claims comprising 11,200 hectares over a strike length of ~33 kilometres (km) in the Baie D’Espoir area of southern Newfoundland.
Geology of the LITTLE RIVER Project
The area is underlain principally by the Isle Galet Formation which comprises felsic volcanics and sediments that are equivalent in age and tectonic setting to New Brunswick’s Bathurst Mining Camp massive sulphide (VMS) deposits. A small Pb – Zn VMS more...
Data last updated on : 1/9/2008
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