Directly connected to Fission and Cameco's Properties, the area runs along the Key Lake Shear Zone and hosts 10 uranium showings and numerous EM targets.
Situated along the Key Lake fault which is home to some of the highest-grade Uranium in the world
Carmanah and Marvel Discovery jointly own the project, with Carmanah providing $1.5 million for exploration, $400,000 cash, and issuing 3.5 million shares and warrants over three years.
The land is connected to the northern end of the Bottom Brook property held by York Harbor, a transaction with an acquisition cost of approx. $2.5 million.
The Hare Hill granitic system is promising for rare-earth mineralization. York Harbour Metals recently reported grab rock samples with total rare earth oxide (TREO) grades between 3.45% and 21.63%. Previously, Kirrin Resources Inc. revealed drilling results in February 2011, including 4.47% TREO over 5.64m core lengths and 1.16% TREO over 15.3m core lengths on the Bottom Brook project.
The Hare Hill Pluton Rare Earth Project covers 1564 claims and 39,100 hectares in Central Newfoundland. This rapidly emerging area is known for its rare earth potential. The project is also adjacent to Falcon Gold and Marvel Discovery's Baie Verte Brompton Projects.