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LITTLE RIVER Project
LITTLE RIVER
Country
Canada
Province
Newfoundland
Close to
Milltown-head of bay
Status
EARLY DISCOVERY
Surface
112 km² / 27,675 acres
Number of claims
448
Latitude / Longitude
47 N 54 / 55 W 34
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Gold -
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%
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Company Profile
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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.
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...
Resources targeted of the LITTLE RIVER Project
Gold -
Exploration and drilling
3/13/2011
Provides Update on Little River Antimony-Gold Project in Sou...
10/19/2010
Drilling to commence on gold & antimony targets
9/8/2010
Mtn Lake Samples up to 50% antimony & 24 g/t gold
11/12/2009
Commences Drilling at Little River
9/11/2009
Provides Exploration Update on Little River Gold Property, S...
7/7/2009
Next Phase of Exploration Underway at Mountain Lakes Little ...
Discoveries and Drilling Results
12/26/2010
Drill Results Confirm Antimony in Two Areas of Interest at M...
12/10/2009
Completed Drill Program on the Little River Gold
Location
Data last updated on : 1/9/2008
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