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| MAC Project, NWT, Canada (minerals - tin (Sn), tantalum (Ta), lithium (Li)) War Eagle hold a 100% interest in the MAC project subject to 2% net smelter royalty. On June 27th, 2007, War Eagle Mining signed an option agreement with Eagle Hill Exploration Corporation ("Eagle Hill"), whereby Eagle Hill may acquire a 70% interest in the MAC Property leaving War Eagle with a 30% carried property interest through the first $2,800,000 in exploration expenditures. The option agreement is subject to regulatory approval. The Mac property is located in the southwestern Northwest Territories 40 km northwest of the Cantung mine and consists of seven contiguous claims (4,473 ha), which cover an area of 13.5 by 4.5 km. It was staked to cover the Little Nahanni Pegmatite Group (LNPG), a rare type of geological formation referred to as an albite-spodumene pegmatite of the lithium-cesium-tantalum rare element pegmatite class. According to Cerný (1989a), this type of pegmatite is one of the world's most important sources of tantalum and an important source of tin, lithium, other rare metals and gemstones. 2002 MAC Tantalum Property Technical Report (PDF, 600KB) Maps & Photos |
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