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Athabasca Minerals Inc.
Summary
| Project: | Richardson | |
|---|---|---|
| Deposit: | Richardson | |
| Location: | Canada | |
| Commodities: | Aggregate | |
| Date: | 12/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-12-2019: Athabasca Minerals Inc. announces a Resource Estimation report for its Richardson deposit at the Richardson project. Updated technical report on project. Property) is located adjacent to the prolific Athabasca oil sands region of northeastern A | |
| Resources: | (Resources, Inf.): 683Mt of Aggregate material | |
| CP/QP: | [Resources]: Roy Eccles (APEX Geoscience Ltd.) | |
| ABSTRACT: | Property) is located adjacent to the prolific Athabasca oil sands region of northeastern Alberta, approximately 130 km north-northeast of the urban service area (or city) of Fort McMurray. The Richardson Property comprises 3 contiguous Alberta Metallic and Industrial Minerals Leases totalling 3,904 hectares (9,647 acres). Athabasca Minerals Inc. maintains 100% interest in all 3 Leases and has the exclusive right to develop and mine Alberta-owned metallic and industrial minerals in a specified location. A maiden inferred resource Technical Report was originally prepared by APEX Geoscience Ltd. (APEX) for Athabasca Minerals Richardson Property with an effective date of June 8, 2015 (Eccles et al., 2015). Since then, Athabasca Minerals has not conducted any exploration activities and/or other work that is material to the issuer; however, Athabasca Minerals has been in consultations with the Government of Alberta with respect to the implementation of a new Provincial Park (the Kitaskino Nuwenëné Wildland Provincial Park) in the vicinity of the original Richardson Property permits. Accordingly, the purpose of this updated Technical Report is to: 1) state Athabasca Minerals revised Richardson Property land position; 2) state Athabasca Minerals conversion of mineral exploration ‘permits’ to mineral development ‘leases’; and 3) show that the original inferred resource estimate prepared in June 2015 is still current because the resource area outline is situated entirely within the boundaries of the new Property boundary (i.e., the resource area is within the 3 contiguous leases). Hence, the change in land position and conversion of permits to leases represent the only material change to the issuer as documented in this updated and current Technical Report, which supersedes and replaces Eccles et al. (2015). | |
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