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Cape breton island
5 km² / 1,236 acres
Number of claims
Latitude / Longitude
67 N 28 / 113 W 37
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Lead - Zinc -
Risk and valuation analysis of the Jubilee Project
Status Risk : Advanced discovery
Country Risk : Very Low
Title(s) of the Jubilee Project
Company project page
Merrex’s interest in the Jubilee zinc/lead deposit includes an option agreement to acquire 100% ownership in the Project.
Frontline Gold Corp.
Joint venture: 50%
Company project page
The TSX Venture Exchange issued final approval to both Frontline and Merrex Gold Inc. ("Merrex") for the sale of Frontline's 50% interest in the Jubilee Zinc Lead Project and related surface rights to Merrex for $500,000, to be paid by the issuance o
Location of the Jubilee Project
Jubilee Property consists of 189 contiguous claims in the Little Narrows area of Cape Breton Island, in Nova Scotia, Canada.
History of the Jubilee Project
High-grade mineralization was first discovered in outcrop at Jubilee in 1927. Early work consisted of trenching and two short adits; samples recovered from one of the adits are reported to have assayed as high as 33% Zinc and 12% lead over 1.6 meters
Geology of the Jubilee Project
The Jubilee Deposit is a stratabound zinc-lead-barite deposit, analogous to “Irish style” and Mississippi Valley Type (MVT) base metal deposits. Ore grade mineralization at Jubilee is carbonate-hosted, with galena and sphalerite occurring as replacements of host rock and breccia matrix phases, locally accompanied by barite.
Exploration and drilling
Merrex Gold Inc.
TSX Approves Disposition of Jubilee Zinc Lead Project
Acquisition of Jubilee Zinc Project 50% Interest
Acquires Other 50% interest in Jubilee Zinc Lead Project
Modifies Jubilee LOI
2008 Phase I Drilling Program Underway at Jubilee
Acquires 100% Of Jubilee
Starts Drilling Jubilee Zinc Deposit
Discoveries and Drilling Results
Intersects 11.29% Zinc + Lead Over 11.65 Metres at Jubilee i...
Intersects 5.29% Zinc + Lead Over 3.35 Metres in Parallel Fa...
Drills New Zones on Jubilee Zinc Deposit
Data last updated on : 11/30/2007
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