In response to a posting on Mongolia Gold's thread:
To Vaughn
TDC has a number of properties in the NWT including:
1. Russell Lake (JV with Fortune Minerals, located in the Slave Province)
2. Longtom (JV with Alberta Star Mining Corp, located in the Great Bear Magmatic Zone)
3. Terra (owns 50% of private company which owns 100% of the mineral claims, located in the Great Bear Magmatic Zone)
Plus other "under review" projects.
The Alberta Star news release relates only to the Longtom Property. The GBMZ has reported silver, radium, uranium, copper production, plus Fortune Minerals Limited's cobalt-bismuth-gold Nico Project which is in the pre-development stage.
The recognition of FT's Nico project (including Sue Dianne), and TDC + ASC's Longtom Project (plus others) as "Olympic Dam" type deposits brought the interest of many junior companies, and some major mining companies. The expected promotional push never came, and most juniors moved on to dot coms or elsewhere.
Recently, a number of majors are reviewing the data, and are taking some tentative steps. They're moving slowly and quietly, and may disappear tomorrow. Collectively, they represent many billions of dollars in investment potential.
Let's see where it goes. Typically, a few tens or hundreds of thousands of dollars will be spent, and they'll move on, but there is a chance that something could happen.
Dave |
