Risk and valuation analysis of the Red Cliff Project |
Status Risk : Early discovery |
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Title(s) of the Red Cliff Project |
| Decade Resources Ltd. Interest: 60% |
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Title | Company Profile | All Projects | Company website | Company project page |
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On November 19, 2008, the Company entered into an option agreement with Mountain Boy Minerals Ltd. (Mountain Boy), a company with shared Directors, to acquire a 60% interest in the property |
| VanEck Vectors Global Alternative Energy ETF Interest: 40% |
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Title | Company Profile | All Projects | Company website | Company project page |
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In 2008, the company optioned the property to Decade Resources Ltd. To earn a 60 % interest, Decade had to spend $1,250,000 in exploration expenditures. At present, Decade has earned an interest and the property is owned 60 % Decade and 40 % Mountain more... |
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Location of the Red Cliff Project |
The property consists of 8 Crown Granted claims along Lydden Creek and located 20 km North from Stewart. It is accessible by road approximately 1.5 kilometers from paved highway 37A.
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History of the Red Cliff Project |
The property has 2 main mineralized zones; the Redcliff copper-gold and copper zones as well as the Montrose gold zone. Work in the area of high grading during a 1979 surface sampling program yielded 19.31 g/t over 2.43 m and 1987 surface sampling ga more...
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Geology of the Red Cliff Project |
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The property is underlain by lithologies of the middle Jurassic Hazelton Group. These rocks host significant precious and base metal deposits in the Stewart Camp including the Silbak Premier, Silver Coin, Sulphurets, Red Mountain and Eskay Creek deposits.
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