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Transaction Announcement Reports
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Project: | Little Stull Lake | |
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Deposit: | Little Stull Lake | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 12/22/2016 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 22-12-2016: BWR Exploration Inc. announces a Supporting Acquisition report for its Little Stull Lake deposit at the Little Stull Lake project. Summary of property in support of acquisition. On 7 October 2016, BWR Exploration Inc. [“BWR”] (formerly Black W | |
Resources: | x | |
CP/QP: | [Overall Report]: Patrick N. Chance (Independent) | |
ABSTRACT: | On 7 October 2016, BWR Exploration Inc. [“BWR”] (formerly Black Widow Resources Limited) reported that it had that entered into a definitive agreement with Puma Exploration Inc. [“Puma”] to acquire its 100% interest in the Little Stull Gold Property situated in NE Manitoba. The TSX Venture Exchange requires a technical report to support approval of the transaction. This report discloses technical information related to the Little Stull Lake project as required by NI43-101. The project comprises 20 staked claims (~2,400 ha) and applications for two Mineral Exploration Licenses (~36,000 net ha) surrounding the claims. The property lies in northeastern Manitoba adjacent to the border with Ontario and ~600 km north-northeast of Winnipeg. The project is at an early stage of development in that an NI43-101-compliant resource has yet to be identified. There is sufficient space within the staked claims to carry out exploration and to support future development and operation. The author visited the property on 27 July 2016, collected five mineralized samples for analysis and obtained GPS coordinates for four drill casings. This report is based mainly on an examination of legal documents, assessment reports (filed shortly after completion of each work programme), and on scientific reports published by government survey and research geologists, supplemented by online sources. The author is not qualified to express an opinion with respect to legal matters including security of title. | |
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