| Risk and valuation analysis of the LITTLE RIVER Project |
| Status Risk : Early discovery |
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| Title(s) of the LITTLE RIVER Project |
 | Mountain Lake Resources Inc
Option on interest: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| 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. |
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| Location of the LITTLE RIVER Project |
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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.
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| Geology of the LITTLE RIVER Project |
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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...
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