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Ardonblue Ventures Inc.
Summary
| Project: | Midas | |
|---|---|---|
| Deposit: | Mias | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2017: Ardonblue Ventures Inc. announces a Supporting Acquisition report for its Mias deposit at the Midas project. Summary of property in support of acquisition. The mineral claims are located in the Skeena Mining Division in British Columbia. The Pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rein Turna (Independent) | |
| ABSTRACT: | The mineral claims are located in the Skeena Mining Division in British Columbia. The Property is approximately 23 km southeast of the city of Terrace. The Midas Property covers 13,447 hectares in 26 mineral claims. J2 Syndicate Holdings Ltd. is the registered owner (100%) of all the claims as bare trustee for The J2 Syndicate, a prospecting syndicate comprised of sixteen individuals and companies. Ardonblue Ventures Inc. (“Ardonblue” or the “Company”) has been granted an option to acquire a 100% interest in the Midas Property, subject to a net smelter returns royalty, as described in detail in Item 4.1 - “Ownership”. The Midas Property is underlain by the Paleozoic age Mount Attree volcanics and Eocene age Williams Creek granodiorite. The volcanics consist of submarine volcanic rocks comprising greenstone, andesite-rhyolite tuff, and massive andesite. A major fault, trending 10O and dipping 80O to 90O east, cuts the volcanics, and has associated mineralized shear zones and quartz veins. The area covered by the Midas Property contains a documented 10 km by 18 km area of alteration (McKeown et. al., 2008). An uncommon absence of snow pack on the Midas alpine areas in 2016 (Figure No. 1) exposed extensive new areas of outcrop not previously reported. This allowed for the discovery by the J2 Syndicate of several new gold showings, including several containing visible gold, within a 1.7 km by 1.2 km area. This area remains open and has been subsequently named the Solomon Trend and the gold zones contained within it named the VG, Tut and Sheba Zones. | |
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