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| MAC Project, NWT, Canada (minerals - tin (Sn), tantalum (Ta), lithium (Li)) War Eagle owns a 96.5% interest in the MAC property subject to 2% net smelter royalty. The MAC property is located in the southwest Northwest Territories 40 kilometres northwest of the Cantung mine and consists of seven contiguous claims (4,473 hectares). These claims are located within the Selwyn Mountains and were staked between August 2000 and September 2001. The claims were 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. War Eagle is seeking partners to enter into strategic agreements to advance or option the MAC property and currently assessing whether a work program, in accordance with the Company's resources, is warranted. The Mac property is located in southwestern Northwest Territories near the Yukon border and consists of seven contiguous claims (4473 ha) which cover an area some 13.5 by 4.5 km. Pursuant to an option agreement dated February 23, 2001 and amended on Febraury 17,2005, War Eagle Mining has the right to earn a 96.5% interest in the property from Strategic Metals Ltd. by making additional cash payments of $200,000 by February 2007. Mapping has identified seven steeply dipping, en echelon dyke swarms that range from 40 to 500 meters in width and are individually traceable for up to 5 km along strike. Channel and chip samples from the southern parts of the property yielded up to 402 g/t Ta2O5 with 1.45% SnO2 across 0.40 M and 201 g/t Ta2O5 with 0.085% SnO2 and 1.53% Li2O across 6.9 meters. In addition three specimens collected 700 meters along strike and roughly 300 meters lower returned up to 2170 g/t Ta2O5 and 12.83% SnO2. Channel and chip samples of similar material from the northern part of the complex returned up to 563 g/t Ta2O5 with 0.02% SnO2 across 0.5 meters and 554 g/t Ta2O5 and 2.58% SnO2 across 0.25 meters. Specimens collected within a 2 km long portion of the northern area yielded up to 1023 g/t Ta2O5 and 5.09% SnO2. The property resembles the Sons of Gwalia tantalum mine in Australia, which produces approx. 55-60% of the world's production with similar grades as reported above. Maps & Photos |
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