| Risk and valuation analysis of the Central Mineral Belt |
| Status Risk : Early discovery |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the Central Mineral Belt |
 | Jet Metal Inc.
Joint venture: 63% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
|
 | Silver Spruce Resources Inc.
Joint venture: 37% |
| | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
|
|
|
|
| Location of the Central Mineral Belt |
|
The Central Mineral Belt Project covers a total of 72,000 hectares in central Labrador, about 140 kilometres north of the town of Happy Valley-Goose Bay and 85 kilometres southwest of the coastal community of Postville on Kaipokok Bay.
|
| |
| History of the Central Mineral Belt |
|
Uranium was first discovered on the Project in 1956 by British Newfoundland Exploration Limited, which conducted prospecting, geological mapping and radiometric surveying. In 1976, the license was granted to Commodore Mining Company Limited, which in turn, optioned it to Shell Canada Resources Limited (Shell). Over the next few years, Shell drilled a total of 72 holes in the B and C Zones.
|
| |
| Geology of the Central Mineral Belt |
|
|
The Central Mineral Belt project lies on an area composed of Archean to Mesoproterozoic gneissic, sedimentary, volcanic and granitoid rocks. The project lies near the junction of three regional faults, where the Grenville front overprints the northeast trending boundary between the Nain and Makkovik tectonic Provinces. Basement to the area is Archean gneiss of the Nain craton.
|
| |
|
|
