South Golden Promise Project
South Golden Promise
Country Canada 
Province Newfoundland
Close to Badger
Status GREEN EXPLORATION 
Latitude / Longitude 48 N 34 / 56 W 45
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Explores for Gold -
Last updated on 12/15/2010 - Terms of Use
Risk and valuation analysis of the South Golden Promise Project
Status Risk : Green exploration
Country Risk : Very Low
Title(s) of the South Golden Promise Project
Jet Metal Inc.
Joint venture: 60%
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Paragon Minerals Corporation
Joint venture: 40%
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Location of the South Golden Promise Project
The South Golden Promise project is located in central Newfoundland, about 60 kilometres southwest of the town of Grand Falls-Windsor. The project consists of 5 mineral licences (373 claims) for a total area of 9,325 hectares and is part of the South Golden Promise/Victoria Lake agreement with Paragon Minerals.
 
History of the South Golden Promise Project
Exploration in the Buchans -- Badger region of central Newfoundland has traditionally been focused on base metal exploration, and until recently little exploration for gold has been documented. Copper-lead-zinc mineralization was first discovered nea more...
 
Geology of the South Golden Promise Project
The project is underlain by sedimentary rocks (mudstone, greywacke) and lesser volcanic rocks (mafic, rhyolite tuff) of the Victoria Lake Group. These rocks are stratigraphically overlain by the Carodocian black shale sequence, which separates rocks of the Victoria Lake Group to the south from overlying Ordovician to Silurian siliciclastic sediments of the Badger Group to the north.
 
Location
Data last updated on : 1/9/2008
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