| Risk and valuation analysis of the Golden Promise Project |
| Status Risk : Brown exploration |
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| Title(s) of the Golden Promise Project |
 | Jet Metal Inc.
Joint venture: 60% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Paragon Minerals Corporation
Joint venture: 40% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the Golden Promise Project |
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The Golden Promise project is comprised of 8 mineral licenses (1109 claims) covering an area of 27,725 hectares that stretch over 20 kilometres. The claims are located just south of the town of Badger and 35 kilometres west of Grand Falls-Windsor in central Newfoundland. The project is part of an option agreement between Crosshair and Paragon Minerals (formerly Rubicon Minerals).
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| History of the Golden Promise Project |
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Before Paragon acquired the Golden Promise project in 2002, the area saw virtually no previous exploration for gold and was intermittently staked by companies looking for base-metal volcanic hosted massive sulphide (VHMS) deposits.
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| Geology of the Golden Promise Project |
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The project is underlain by sedimentary rocks of the Ordivician Victoria Lake Group, which are overlain by black Caradocian shale and the Late Ordivician to Silurian Badger Group sedimentary rocks.
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