For thousands of other reports visit RSC's Mineral Intellingence Map
Big North Graphite Corp.
Summary
| Project: | Duncan Kerr | |
|---|---|---|
| Deposit: | Duncan Kerr | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Nickel-Cobalt-Arsenic | |
| Date: | 11/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-11-2016: Big North Graphite Corp. announces a Supporting Acquisition report for its Duncan Kerr deposit at the Duncan Kerr project. Summary of property in support of acquisition. At the request of Big North Graphite Corp. (“BNG”), the authors have comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joerg M. Kleinboeck, Garry J. Clark (Independent) | |
| ABSTRACT: | At the request of Big North Graphite Corp. (“BNG”), the authors have completed a geological review of the Duncan Kerr Property (the “Property”) and prepared this technical report (the “Technical Report”) in compliance with NI 43-101, Companion Policy NI43-101CP, and Form 43-101F1. The authors have prepared this report to provide a summary of scientific and technical data on the Property, including historical exploration activities, and have made recommendations concerning future exploration and development of the Property. This Technical Report is based on exploration and Property information supplied to the author by BNG, Trio Resources AG Inc. (“Trio”), as well as by the review of geological and exploration information available in the public domain. A site visit was completed by Joerg Kleinboeck on September 27th, 2016. On October 13th, 2016, BNG acquired 100% ownership in two patented mining claims in Coleman Township, 1831NND and 3694NND along with equipment owned by Trio. The claims are located on property parcel PT E 1/2 of N 1/2, Lot 3, Con 4, and SW 1/4 of N 1/2, Lot 3, Con 4 respectively. BNG acquired the assets from Trio for the purchase price of $2,000,000. The purchase by BNG included a cash payment of $125,000 and the issuance of 8,500,000 common shares on the closing date. The cash payment was made in trust and to be used to satisfy secured debts owing on Trio’s assets. An additional $650,000 is to be paid on or before the date that is 9 months following the closing date, and $1,225,000 is to be paid on or before the date that is 24 months following the closing date. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report