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BeMetals Corp.
Summary
| Project: | South Mountain | |
|---|---|---|
| Deposit: | South Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Silver-Gold-Lead-Copper | |
| Date: | 6/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-6-2019: BeMetals Corp. announces a Resource Estimation report for its South Mountain deposit at the South Mountain project. Mineral resource estimate, unchanged since previous estimate. BeMetals Corp. (“BMET”) has retained Hard Rock Consulting, LLC (“H | |
| Resources: | (Resource, M+I): 169.9Kt @ 17.66% ZnEq. | |
| CP/QP: | [Resources]: Randall K. Martin (Hard Rock Consulting LLC) | |
| ABSTRACT: | BeMetals Corp. (“BMET”) has retained Hard Rock Consulting, LLC (“HRC”) to prepare this technical report for the South Mountain Project (the “Project”), a past-producing base and precious metal property located in Owyhee County, Idaho, USA. South Mountain Mines Inc. (“SMMI”) is the owner of a 75% equity interest in Owyhee Gold Territory LLC ("OGT"), the owner of the South Mountain Project, and a mining lease with option to purchase the South Mountain Project granted by OGT to SMMI and the remaining 25% equity interest in OGT. Thunder Mountain Resources Inc. (“TMRI”) is the legal and beneficial owner of all issued and outstanding shares of SMMI. Thunder Mountain Gold Inc. (“THMG”) is the legal and beneficial owner of all of the issued and outstanding shares of TMRI. In accordance with the terms of the option agreement dated February 27, 2019 (the “Option Agreement”) between BMET, BMET USA Corp., (“BMET USA”) a wholly owned subsidiary of BMET, THMG, TMRI and SMMI, THMG has agreed to grant to BMET USA an option to acquire all of the issued and outstanding shares of SMMI. This report presents the results of the South Mountain Project mineral resource estimate and associated work completed by HRC and is intended to fulfill the reporting Standards of Disclosure for Mineral Projects according to Canadian National Instrument 43-101 (“NI 43-101”). This report was prepared in accordance with the requirements and guidelines set forth in Companion Policy 43-101CP and Form 43-101F1(June 2011). The mineral resource estimate presented herein is classified according to Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources and Mineral Reserves, prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on May 10, 2014. The mineral resource estimate reported herein is based on all available technical data and information as of April 1, 2019, which is the effective date of the report in full. | |
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