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Asian Mineral Resources Ltd.
Summary
| Project: | Holt | |
|---|---|---|
| Deposit: | Holt | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Lead-Zinc | |
| Date: | 2/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-2-2019: Asian Mineral Resources Ltd. announces a Supporting Acquisition report for its Holt deposit at the Holt project. Summary of property in support of acquisition. The author has been retained by Ms Paula Kember of Asian Mineral Resources Ltd. to p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Carpenter (Discovery Consultants) | |
| ABSTRACT: | The author has been retained by Ms Paula Kember of Asian Mineral Resources Ltd. to prepare a National Instrument compliant NI 43-101 Technical Report for the property for the purpose of reviewing all previous work and to determine future work programs on the Property. The claims were staked by Raymond Wladichuk and transferred to Island Time. A small third party single cell mineral title is contained within the Property near the south end, the Divinity claim (Tenure 1055995). No assessment has been filed to date on this tenure. The Property is owned 100% by Island Time Exploration Ltd (the “Vendor”) subject to a 2% Net Smelter Return (“NSR”) payable to Raymond Wladichuk. According to the terms of a Property Option and Joint Venture Agreement (the “Agreement”) between the Vendor and Asian Mineral Resources Ltd. (the “Optionee”), signed on June 14, 2018, the latter could earn a 75% interest in the Property by making a payment of $100,000 on signing of the Agreement and spending $300,000 on exploration by December 31, 2019. Upon Asian Mineral Resources Ltd’s (“Asian”) exercise of the Option, the parties shall enter into a joint venture agreement concerning the Claims, and each of the parties’ respective interests in the Joint Venture will be 75% as to Asian and 25% as to Island Time Exploration Ltd (“Island Time”). The property is located approximately 10 km southwest of Duncan, B.C. in the Victoria Mining Division in south Vancouver Island and is 100% owned by Island Time, a private corporation registered in British Columbia, Canada. The purpose of this report is to compile all previous work and to determine future work programs on the Property. The author visited the Property on November 19, 2018 accompanied by geologist Gabe Ord of Ridgeline Exploration Services. The geology of the Property was viewed and the results of the April program reviewed. | |
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