Risk and valuation analysis of the TL Project |
Status Risk : Green exploration |
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Title(s) of the TL Project |
| Nortec Minerals Corp. Option on interest: 51% |
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Title | Company Profile | All Projects | Company website | Company project page |
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In March 2003 Nortec optioned the TL Property from Vulcan Minerals of Saint John's, Newfoundland. Nortec can earn up to a 100% interest in the TL Property, at it's option, may earn a 51% interest by incurring exploration expenditures of $1.5 million by March 17, 2009. |
| Vulcan Minerals Inc. |
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Title | Company Profile | All Projects | Company website | Company project page |
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Location of the TL Project |
The TL Property is a Nickel-Copper-Cobalt discovery located 70 kilometres west of the coastal town of Nain in the Tasisuak Lake area of northern Labrador, Canada.
The Property consists of 219 contiguous claims, contained in four Exploration Licenses, covering 5,475 hectares.
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Geology of the TL Project |
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Two very strong and distinct coincident UTEM and gravity anomalies were identified on the property. The "B" Anomaly is located on the western portion of the claims and the data for the anomaly suggest that it dips 308 to the east. Several ultramafic more...
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