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Thelon Capital Ltd. (THC:CA)
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Web site:
http://www.theloncapital.com/
Thelon Capital Ltd. (TSX.V: THC) has a portfolio of regionally
diverse Resource projects, prospective for Metallurgical Coal, Uranium
and Canadian Diamonds. We operate under the simple premise that "the
best place to find a mine is within sight of a head-frame", acquiring and
exploring properties of merit located in regions that are proven to host
world-class producing mines.
Jellico Coal Project - Tennessee
6000 acres located approximately thirty-five miles north of Knoxville Tennessee
Property and surrounding area has well-established power, logistics, and transportation infrastructure
including mine access roads and a railroad parallel to Tennessee state highway 90, which extends
through the property, allowing economical exploration and production
Portions of the property have had extensive sampling and drilling by previous operators as recently as
2009 and it is known to contain multiple coal seams of high quality metallurgical, as well as, compliant
steam coals. Click here for more information.
Lac De Gras Diamond Project
Acquisition:
Thelon owns seven claim groups D, J, K, L. Oki, Thon and the Afridi mineral claims in the Lac De Gras area which has an east-west extent of about 76 km. The company also staked additional ground in 2002 when ground began to come available following the major staking rush precipitated some 10 years before by the first discovery of diamonds in the area. Thelon has an agreement with Peregrine Diamonds (PGD) whereby Peregrine can earn a 65% interest by spending $4.1 million in exploration and underlying land payments over 5 years. Under this agreement with Peregrine Diamonds, Thelon receives a 1% GOR on an additional 60,762 Hectare's held by Peregrine.
The Area & Work History:
These properties are located about 300 kilometers northeast of Yellowknife, NWT and access is by air or, during winter, by winter ice road that services the nearby Ekati and Diavik mine sites.
When Diamet announced the discovery of diamonds and began the acquisition of large parcels of land near Lac de Gras in 1991, the largest staking rush in Canadian mining history commenced. Ultimately, two world class diamond mines went into production with more under development. Click here for more information.
Pasfield Lake Uranium Project - Saskatchewan
Athabasca Uranium Project:
The Athabasca Basin, a region located in parts of Saskatchewan and Alberta, is known for excellent geological structures that host a number of world class uranium deposits with extremely high grades, profitable existing operations, available infrastructure, and a favourable permitting and development environment.
Location
The property is located in eastern Athabasca Basin, approximately 60 kilometres northwest of the Cigar Lake Mine, the second largest high grade uranium deposit in the world. A 50 km winter road connects the property base camp on the northeast edge of Pasfield Lake to Highway 905. The Points North service hub and nearby uranium mine and mill facilities are 50 km to the southwest along the highway from the junction.
Size
The property consists of 11 claims covering a total area of 50,264 hectares. Click here for more information.
Links:
THC:CA
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