| GARLAND Project |
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GARLAND |
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Country |
Canada
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Status |
GREEN EXPLORATION
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Number of claims |
52,5 |
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Latitude / Longitude |
56 N 5 / 61 W 41 |
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Legends
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| Risk and valuation analysis of the GARLAND Project |
| Status Risk : Green exploration |
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| Title(s) of the GARLAND Project |
 | Cornerstone Capital Resources Inc
: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In March, Cornerstone announced entering into a joint venture on this project with Celtic Minerals. The agreement grants Celtic the right to earn a 51% interest in the project by making cash payments totaling CDN$450,000 and expenditures of CDN$3 million over 3 years. Option payments include payment of CDN$50,000 made on signing of the agreement. Celtic is operator during the earn-in period. |
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| Location of the GARLAND Project |
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The Garland property is located approximately 30 km south of Voisey's Bay. It consists of three licences covering the on-strike extensions of a series of AMT anomalies detected by an Inco Audio-magnetotelluric (AMT) survey completed in 2000.
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| History of the GARLAND Project |
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In 2001, Inco completed AMT surveys over the area including areas covered by the current Cornerstone property. This work identified anomalies defined as a series of zones of higher conductivity interpreted to lie at a depths greater than 800 m.
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| Geology of the GARLAND Project |
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Results for the survey have identified a series of gravity anomalies potentially associated with buried troctolitic rocks, including an east-west elongated gravity high measuring 1.5 km x 2.5 km on the northern claim block; and a 3 km x 2 km anomaly on the southern claim block, straddling the joint venture's southern boundary with Inco claims.
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Data last updated on : 9/28/2009
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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