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Transaction Announcement Reports
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Project: | Cachinal | |
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Deposit: | Cachinal | |
Location: | Chile | |
Commodities: | Silver-Gold-Zinc | |
Date: | 10/31/2019 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 31-10-2019: Aftermath Silver Ltd. announces a Supporting Acquisition report for its Cachinal deposit at the Cachinal project. Amended report - summary of property in support of acquisition. On June 25, 2018, Aftermath Silver Ltd. (Aftermath) announced tha | |
Resources: | ||
CP/QP: | [Overall Report]: Glen Cole, Jean-Francois Couture (SRK Consulting (Canada) Inc.) | |
ABSTRACT: | On June 25, 2018, Aftermath Silver Ltd. (Aftermath) announced that it entered into a definitive agreement with Apogee Opportunities Inc. (Apogee Opportunities) to purchase their holding in the Cachinal De La Sierra Silver-Gold Project (Cachinal Project) through the of purchase of Apogee Opportunities’ shares in the Chilean holding company Minera Cachinal S.A., representing 80 percent ownership. This technical report was originally prepared for Valencia Ventures Inc. (Valencia) and was subsequently re-addressed to Apogee Minerals Ltd (Apogee) on February 9, 2010 and amended on July 8, 2010. It is now being readdressed to Aftermath on October 30, 2019 to support the original disclosure of a Mineral Resources Statement prepared by SRK Consulting (Canada) Inc. (SRK) on April 30, 2008. The Mineral Resource Statement documented in the original technical report dated April 30, 2008 released by Valencia Ventures Inc. (Valencia) considered drilling and trenching information up to January 25, 2008. Drilling on the property was ongoing at that time. Subsequent to the technical report, Valencia completed an additional 17 core boreholes, 43 reverse circulation boreholes and five geotechnical core boreholes (the “subsequent drilling”). The subsequent drilling aimed at infilling the deposit to 50-metre sections in the northern part of the deposit, testing the depth extensions of the deposit below the mineral resources and testing other exploration targets outside the resource areas. Some of the exploration targets investigated by the subsequent drilling were recommended in the April 30, 2008 technical report. | |
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