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Project Highlights
- Crosshair has acquired a 60% interest in the Golden Promise, South Golden Promise and Victoria Lake Projects
- Golden Promise is host to the Jaclyn Main Zone, which contains an NI 43-101 inferred resource estimate of 89,500 contained ounces of gold (921,000 tonnes averaging 3.02 g Au/t) at a 1 g/t Au cutoff
- The company completed 7,220m of drilling in 2010 which has expanded the zone of mineralization. A trenching and bulk sampling program was also completed and produced a total of 313.59 ounces of gold and 23.05 ounces of silver.
Location
The Golden Promise Division is located in west central Newfoundland and includes the Golden Promise Project, the South Golden Promise Project and the Victoria Lake Project.
The Golden Promise project is comprised of 8 mineral licenses (1109 claims) covering an area of 27,725 hectares that stretch over 20 kilometres. The claims are located just south of the town of Badger and 35 kilometres west of Grand Falls-Windsor in central Newfoundland. 60 kilometres southwest of Grand Falls-Windsor is the South Golden Promise project which consists of 5 mineral licences (373 claims) for a total area of 9,325 hectares. The Victoria Lake project is located approximately 125 kilometres south-southwest of Grand Falls-Windsor and 65 kilometres southwest of the town of Buchans. The project consists of 305 mineral claims for a total area of 7,625 hectares.
Location Map
Technical Report
Click here for the complete NI 43-101 technical report on the Golden Promise Project (PDF 11.0MB)
Stewart Wallis, P.Geo., is President of the Company and a Qualified Person as defined by National Instrument 43-101 for the above mentioned projects. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Wallis has reviewed and is responsible for the technical information disclosed above.
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