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Bitumen Capital Inc.
Summary
| Project: | Lucky Strike | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-9-2017: Bitumen Capital Inc. announces a Supporting Acquisition report for its Lucky Strike deposit at the Lucky Strike project. JV-Summary of property in support of acquisition. There is potential for the discovery of the bedrock source of the histori | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rein Tuma (Independent) | |
| ABSTRACT: | There is potential for the discovery of the bedrock source of the historic gold placers which surround Lucky Strike’s Prosperity Trend. The possible source is considered to be a porphyry deposit and associated skarn and polymetallic veins. A systematic exploration program consisting of prospecting, geologic mapping, hand trenching and rock chip/channel sampling is recommended to follow up on the 2016 discoveries in the Prosperity Trend. An airborne geophysical electromagnetic and magnetic survey is recommended over the Lucky Strike Property. Additional prospecting and sampling will be done in the headwaters area of the historic placer gold drainages and subsequently across anomalies produced by the airborne geophysical survey. Exploration will focus on underlying porphyry potential. The objective is to expand on known mineralization and continue to explore the Lucky Strike Property through a comprehensive exploration program that will define targets for drilling. The recommended exploration budget for exploration in 2017 on the Lucky Strike Property is $200,000. This technical report has been prepared at the request of Mr. Roger Rosmus, President and Chief Executive Officer of Goliath Resources Inc., the issuer for whom this report is prepared. The Lucky Strike Property was initially staked to cover an area of gossanous altered volcanic rocks where historical assessment reports described the occurrence of high grade gold mineralization in quartz veins. The purpose of the report is to provide the current status of the Property, to review historical geological geochemical and geophysical data available in Ministry of Energy and Mines’ mineral claim assessment reports and to report on the examinations of the geology, prospecting and rock sampling done by the J2 Syndicate (J2), the vendor of the Property, during 2016. | |
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