Copper & Silver Mineral Exploartion Project

Fortune Bay

Copper

• Based on 20,000,000 tonnes of 1.5 % Copper @ $3.00 / lb.
• 2200 lbs. / tonne X 1.5 % Cu = 33 lbs. of Cu / tonne
• $3.00 / lb. Cu X 33lbs / tonne = $99.00 ($100.00 /tonne)
• 20,000,000 tonnes X $100.00 = $2,000,000,000.00 ($2B)

Silver

• Based on 20,000,000 tonnes of 2 grams /tonne Silver
• 2 grams / tonne = 0.0705479 oz. / tonne
• 20,000,000 X 0.0705479 = 1,410,958 oz.
• $30.00 / oz. X 1,410,958 oz. = $42,328,740.00 ($42M)
• Total $2,042,328,740.00 ($2B,$42M)

Location and Access:

Harbour Mille, Burin Peninsula, Newfoundland and Labrador, Canada

Description:

• Property consists of 11 licences totaling 74 claims for 1,850 hectares.
• $14,141 assessment requirement for 2013
• High grade mineralization discovered in several areas
• Mineralization is along both limbs of synclinal fold with depth potential.
• 6 samples >1.0%Cu (Copper), 1 at 2.21%Cu, 1.84%Cu/3.7m along 500m strike length on the south limb of the fold structure.
• 9 samples >1.0%Cu, 5 >2.0%Cu on north limb of the fold structure.
• Possibility of multiple mineralized sedimentary horizons
• Neoproterozoic age (same as Kalahari Belt, Central African Copper Belt)
• Excellent Infrastructure and Geographic Location
• Essentially unexplored with no geophysics and no diamond drilling to date.

Geology:

Sediment-hosted copper deposit similar to Kuperschieffer, Poland and the Kalahari Copper Belt in Central Africa

Copper mineralization along regionally extensive favourable sedimentary layers. Laterally extensive mineralization in sedimentary host rocks.

Consistent grades over large distances

Local enrichment in favourable sedimentary and structural traps. Sediment-hosted type copper deposits are the source for 20% of the world’s total copper production

History:

• 1972-73 – SEREM Ltd. carried out recon exploration on Burin Peninsula, minor copper mineralization was noted
• 2001 - High grade Copper discovered in area by local prospector.
• 2001 - Celtic Minerals Ltd. carried out line cutting and prospecting at Bay L’Argent, South Limb of fold.
• 2001 - Altius Resources Ltd. carried out reconnaissance prospecting at Harbour Mille, (North Limb of fold)

Currently - Mineral potential remains untested.

NOTE: - Of particular importance; most copper prospects have been located near the coast line where outcrop exposure is excellent.

Additional Information:

Budget for Early Stage Exploration

Photos:

For More Information Please Use The Form Below:

If you are human, leave this field blank.

Name *

Email Address *

Phone Number

Message *

Accept Terms of Service?
All information is provided by the Seller and is NOT verified by MineListings.com. By submitting your request for information, you agree that it is your sole responsibility to verify the accuracy of all claims and perform your own due diligence to your own satisfaction. MineListings.com will not be responsible for damages financial or otherwise to you and/or associates resulting from information listed on this site. You hereby agree to hold harmless, defend, and indemnify MineListings.com from any and all liability, damages, and/or claims resulting from your use and/or receipt of information from this site. For more information please see our Terms of Use *

I agree to the Terms of Use

Please verify you're human by typing what you see/hear below: