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Alopex Gold Inc.
Summary
| Project: | Nalunaq | |
|---|---|---|
| Deposit: | Nalunaq | |
| Location: | Greenland | |
| Commodities: | Gold | |
| Date: | 6/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-6-2017: Alopex Gold Inc. announces a Resource Estimation report for its Nalunaq deposit at the Nalunaq project. Updated mineral resource estimate for Nalunaq mine. SRK Exploration Services Ltd. (“SRK ES”) is part of the global SRK Consulting Group and | |
| Resources: | (Resource, Inf.): 446.9kt @ 18.7g/t Au for 263070oz Au contained at project | |
| CP/QP: | [Resources]: Fernando Saez Rivera, James Gilbertson (SRK Consulting) | |
| ABSTRACT: | SRK Exploration Services Ltd. (“SRK ES”) is part of the global SRK Consulting Group and has been commissioned by Arctic Resources Capital hf (“ARC”) to produce an Independent Technical Report for the Nalunaq gold project located in South Greenland. The report has been prepared for Nalunaq A/S, a Greenlandic Joint Venture company of which ARC is a majority shareholder and FBC Mining (Nalunaq) Ltd. (“FBC Nalunaq”) is a minority shareholder. It is SRK ES’s understanding that the intention is for all of the outstanding shares of Nalunaq A/S to be transferred to Alopex Gold Inc. (“Alopex”), such that Nalunaq A/S will become a wholly-owned subsidiary of Alopex, and that Alopex proceed with an initial public offering of its shares. Nalunaq is a former producing gold mine that demonstrates potential for additional resources to be defined through new exploration. SRK ES’ work has included a review of historic data and visits to the property to conduct exploration and inspection works. A geological model and Mineral Resource estimate have also been prepared for the Nalunaq project. The outcomes of this, including recommendations for further exploration, are presented in this report which has been prepared following the guidelines of the Canadian Securities Administrators’ National Instrument 43-101 and Form 43- 101F1. The Mineral Resource statement was prepared in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines. SRK ES understands that this technical report will be used by Alopex to support an application for the listing of the Alopex Shares on the TSX Venture Exchange. | |
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