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Benz Mining Corp.
Summary
| Project: | Mel | |
|---|---|---|
| Deposit: | Mel | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Barite | |
| Date: | 5/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-5-2017: Benz Mining Corp. announces a Resource Estimation report for its Mel deposit at the Mel project. Mineral resource update based on current metal prices + property summary in support of acquisition. Benz Mining Corp. (“Benz”) retained H. Leo King | |
| Resources: | (Resource, Inf.): 5.280Mt @ 6.51% Zn, 1.86% Pb, 45.05% BaSO4 (5% ZnEq cut-off) at Mel Main Zone | |
| CP/QP: | [Resources]: Greg Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | Benz Mining Corp. (“Benz”) retained H. Leo King & Associates Inc. and Giroux Consultants Ltd. to complete a National Instrument 43-101 (“NI 43-101”) Technical Report for the purpose of supplying updated summary information on the Mel property as well as providing a current resource estimate for the Mel Main Zone and making recommendations for further exploration. This Technical Report was written in compliance with the disclosure and reporting requirements set forth in the Canadian Securities Administrator’s NI 43-101, Companion Policy 43-101 CP and Form 43-101 F1. This Technical Report provides a current independent resource estimate for the Mel Main Zone, which is the most advanced of four exploration targets on the Mel property. No drilling has been completed on the Property since the issue of the 2014 NI 43-101 technical report for Silver Range (King and Giroux, 2014), and therefore this resource is still current. The zinc equivalent cut-off used for resource reporting has been adjusted to reflect current metal price forecasts. The Mel property is located in southeast Yukon and consists of 576 mineral claims. Benz has the option to purchase 100% interest in the Property, which is subject only to two (2), 1% net smelter return royalties. One of the royalties is limited to metals only, and the other royalty can be bought out for a cash payment of $1 million. | |
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