Risk and valuation analysis of the Moly Brook Project |
Status Risk : Advanced discovery |
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Title(s) of the Moly Brook Project |
| Tenajon Resources Corp. Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Tenajon entered into a binding agreement for the acquisition of 100% of the 675 ha Moly Brook property with an arms length syndicate of holders for the sum of $20,000 and 350,000 shares. The Moly Brook property is subject to a 2% NSR, of which 1.5% can be purchased by Tenajon for C$1,500,000. A finders fee of $2,000 and 35,000 shares were issued in respect to the Moly Brook acquisition. |
| Creston Moly Corp. Interest: 100% |
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Creston has a 100% interest in the Moly Brook property. |
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Location of the Moly Brook Project |
The property is located located 2.5 km from the Hamlet of Grey River on the southern coast of Newfoundland.
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History of the Moly Brook Project |
The Moly Brook Property is located 2.5 km from the Hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. Molybdenum was first discovered at Moly Brook in 1995 by the now defunct Royal Oa more...
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Geology of the Moly Brook Project |
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Molybdenum mineralization was first discovered on the property in 1995; outcropping mineralization was sampled over nearly 550m of section along an unnamed stream, subsequently named Moly Brook. The outcrop in the stream bed and adjacent walls exhibi more...
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