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Altiplano Minerals Ltd.
Summary
| Project: | Orogrande | |
|---|---|---|
| Deposit: | Orogrande | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-12-2016: Altiplano Minerals Ltd. announces a Supporting Acquisition report for its Orogrande deposit at the Orogrande project. Summary of property in support of acquisition. Altiplano Minerals Ltd.’s (Altiplano) Orogrande Gold Project (the “Project” or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Dufresne, Edward Parker (APEX Geoscience Ltd.) | |
| ABSTRACT: | Altiplano Minerals Ltd.’s (Altiplano) Orogrande Gold Project (the “Project” or the “Property” is located in Idaho County, Idaho, USA, near the head waters of the Crooked River within the Nez Perce National Forest. It is located approximately 100 km southeast of Grangeville, Idaho and approximately 15 km southwest of Elk City, Idaho. The Orogrande Gold Project is at an early stage of exploration but is considered by the authors to be a property of merit based upon the local geology, the presence of gold in soil anomalies and lode veins on the Property in conjunction with the history of local placer and lode gold production in the Elk City – Orogrande District. APEX Geoscience Ltd. (APEX) of Edmonton, Alberta was engaged in October, 2016 by Altiplano to complete a National Instrument (NI) 43-101 Technical Report for the Orogrande Gold Property, including a review of the available historic exploration data and an evaluation of the precious metal potential of the Project. The Orogrande Gold Project is located in Idaho County, Idaho, USA, near the head waters of the Crooked River approximately 15 km southwest of Elk City, Idaho. The Property is comprised of 167 mineral claims, including existing and recently staked mineral claims, which amounts to approximately 3,450 acres (1,396 hectares). Altiplano, which is based out of Edmonton, Alberta, has optioned the Property from Velocity Minerals Ltd. (Velocity) a private Richmond, BC based company at arm’s length to Altiplano. Altiplano has paid Velocity CDN$25,000 in cash and must issue 3.75 million shares and spend CDN$2.0 million over three years to purchase a 100% interest in the Property subject to a 1.5% standard next smelter royalty. The Technical Report has been written on behalf of Altiplano Minerals Ltd. (TSX-V: APN), a junior minerals exploration company. | |
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