Risk and valuation analysis of the Raglan / Belanger Project |
Status Risk : Early discovery |
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Title(s) of the Raglan / Belanger Project |
| VanEck Vectors Global Alternative Energy ETF Owner: 100% |
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Goldbrook purchased the property from Cascadia Intl Res. , effective August 16th, 2007. As consideration for the sale of the Property, Goldbrook has (i) paid to Cascadia $2 million (Cdn funds); (ii) issued 2 million shares; (iii) issued 2 million com more... |
| VanEck Vectors Global Alternative Energy ETF Option on interest: 70% |
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Anglo American can earn up to a 70 % interest in the Raglan / Belanger properties by funding exploration costs and delivering a feasability study. Anglo must spend no less than $ 20 millions over fo years to earn a 51% interest in the properties. In addition, Anglo subscribed to 1,818,182 Goldbrook shares at 55 cents a share for a total cost of $ 1 million. |
| VanEck Vectors Global Alternative Energy ETF Net Smelter Return: 0.5% |
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Location of the Raglan / Belanger Project |
The Raglan Ni-Cu-PGE District is located in the Cape Smith Fold Belt – an east-west trending belt approximately 325 km long in the Ungava Peninsula of Northern Quebec
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History of the Raglan / Belanger Project |
In 2003, Goldbrook's management initiated an aggressive program of ground acquisition and joint ventures in the Raglan District. As a result, Goldbrook now has an operating interest in approximately 623,000 acres, making the Company the single largest holder of mineral rights in the Raglan District.
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Geology of the Raglan / Belanger Project |
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The Cape Smith Belt is part of the Trans-Hudson Orogen, an ancient orogenic belt some 1.8 – 2.2 billion years old that can be correlated with other Proterozoic rocks to the east in the Labrador Trough, and to the west in the Thompson Nickel Belt, Man more...
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