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Alba Minerals Ltd.
Summary
| Project: | Rainbow Canyon | |
|---|---|---|
| Deposit: | Rainbow Canyon | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-7-2018: Alba Minerals Ltd. announces an Exploration/Drilling Update report for its Rainbow Canyon deposit at the Rainbow Canyon project. Updated technical report on property summarising recent exploration. In 2016, Desert Ventures Inc. of Reno, Nevada, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doyle Kenneth Brook Jr (Desert Ventures Inc.) | |
| ABSTRACT: | In 2016, Desert Ventures Inc. of Reno, Nevada, prepared a 43-101 report on the Rainbow Canyon property for Alba Minerals Ltd (AML) of Vancouver, B.C., a TSX.Vlisted exploration company (AA). Since that time, there has been a significant amount of exploration work done on the property, and AML asked me to prepare an updated report. The property is located in the Olinghouse mining district about 40 km east of Reno in Washoe County, Nevada. The report describes recent exploration work on the project. This report is meant to comply with the provisions of Canadian National Instrument 43-101, to describe the exploration work conducted on the property, and to assess the property’s potential to host an economically viable gold deposit. The property comprises 55, unpatented, lode mining claims that cover an area of approximately 1,133 acres (458 hectares). The claims are located in the sections 11,12, 14 and 15 of Township 20 north and Range 23 east on the Mt. Diablo Base Meridian. An inclined shaft, which appears to be the main focus of early work, is located in NAD 27, zone 11 UTM coordinates of 297,450 east and 4,387,324 north In March of 2011, a wholly owned subsidiary of AML, Acrex Minerals (U.S.) Inc., purchased 52 RC claims from a wholly owned subsidiary of Entrée Gold, Gold (U.S.A.) Invest, Inc., for a cash payment of $125,000 and a three percent (3%) Net Smelter Return Royalty (NSR) held by Gold (U.S.A.) Invest, Inc. | |
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