| Potrack Project |
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Potrack |
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Country |
Canada
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Close to |
Chibougamau |
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Status |
PAST PRODUCER
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Surface |
5 km² / 1,344 acres |
Number of claims |
34 |
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Legends
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| Risk and valuation analysis of the Potrack Project |
| Status Risk : Past producer |
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| Title(s) of the Potrack Project |
 | Radisson Mining Resources Inc
Option: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| According to the option contract, Radisson may acquire an interest of 100% in the Potrack Property, on or before August 31, 2010, by carrying out $500,000 in exploration work, making option payments to the vendors totalling $30,000 and issuing $30,000 value of Radisson's class A share to the vendors. This interest will be subject to a 2% NSR royalty in favour of the vendors. |
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| Location of the Potrack Project |
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The property covers part of the Waconichi felsic formation which is the host of the Lemoine Mine. This mine produced 757,785 metric tonnes at an average grade of 4.18% copper, 9.52% zinc, 4.56 g/t gold and 82.26 g/t silver and was one of Canada's richest massive sulphide deposits in terms of ore grade (gross value per tonne of US$750 at today's metal prices).
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| History of the Potrack Project |
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Very little exploration has been done on the Potrack Property with the exception of prospecting that led to the discovery of a 40 kg angular massive sulphide boulder that grades 5.73% copper, 2.64% zinc, 1.89 g/t gold and 42.20 g/t silver. This miner more...
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Data last updated on : 10/18/2007
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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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