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Augustine Ventures Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Wawa | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-6-2016: Augustine Ventures Inc. announces a Supporting Acquisition report for its Wawa deposit at the Wawa project. Tech report on previously-released resource estimate, filed in support of acquisition with Red Pine. Augustine Ventures Inc. (“Augustine | |
| Resources: | (Resources, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au | |
| CP/QP: | [Resources]: Sebastien B. Bernier (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Augustine Ventures Inc. (“Augustine”) commissioned Ronacher McKenzie Geoscience (“Ronacher McKenzie”) and SRK Consulting (Canada) Inc. (“SRK”) to update an NI 43-101 compliant technical report for Augustine’s Wawa Gold Project (“the property”) near Wawa, Ontario. The current report is based on a previous report issued to Red Pine Exploration Inc. (“Red Pine”) by the same authors and dated June 5, 2015 (Ronacher et al., 2015). SRK had completed a resource estimate based on extensive drilling in the area of the historic Surluga Mine (“Surluga”) that is a part of the Wawa Gold Project, data verification and a site visit for the original report. Ronacher McKenzie completed the technical report excluding sections 14 (Mineral Resource Estimates), sections 11.1 (Quality Control and Quality Assurance Program) and 12.1 (Data Verification by SRK). The purpose of the current report is to satisfy Augustine’s requirement to provide a prospectus for Augustine’s shareholders as part of the proposed merger of Red Pine and Augustine (Augustine News Release, December 17, 2015). The main source of information was Red Pine and Augustine; Red Pine provided a compilation of historic data including drill hole information and reports; additional historic information and geological literature was obtained from the public domain, dominantly the Ontario Geological Survey (“OGS”). | |
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