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79 Resources Ltd.
Summary
| Project: | Louise Lake | |
|---|---|---|
| Deposit: | Louise Lake | |
| Location: | Canada | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 5/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-5-2020: 79 Resources Ltd. announces a Supporting Acquisition report for its Louise Lake deposit at the Louise Lake project. Summary of property in support of acquisition. In August 2019, 79 Resources Ltd. (79) of Vancouver, British Columbia, Canada, com | |
| Resources: | x | |
| CP/QP: | [Overall Report] Carl Schulze (Aurora Geosciences Ltd.) | |
| ABSTRACT: | In August 2019, 79 Resources Ltd. (79) of Vancouver, British Columbia, Canada, commissioned Aurora Geosciences Ltd. (Aurora) to complete a National Instrument 43-101 Technical Report on the Louise Lake property. This is a “Property of Merit” based on the presence of the “Main Zone” copper (Cu) - molybdenum (Mo) - gold (Au) - silver (Ag) porphyry deposit in the north-central area of the property. The Louise Lake property is located 35 air-km west of the Town of Smithers, British Columbia, Canada. The property comprises eight mineral claims comprising 1,825.12 hectares (Ha) held by Messrs. Steven Scott and Brian Scott. In July of 2019, 79 Resources Ltd. (“79”) entered into an option agreement to gain a 75% interest in the property. In August 2019, “79” commissioned Aurora to conduct due-diligence mapping and rock sampling across the surface expression of the Main Zone, and to conduct preliminary surface exploration southeast of the Louise Lake waterbody. In November, a Phase 2 program of ground magnetometer surveying, centered on the “Argillic Hill” area, was completed. | |
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