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Black Springs Capital Corp.
Summary
| Project: | Anik | |
|---|---|---|
| Deposit: | Anik | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-3-2017: Black Springs Capital Corp. announces a Supporting Acquisition report for its Anik deposit at the Anik project. Summary of Property in Support of Acquisition. The present NI 43-101 compliant report describes the gold potential and exploration a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Remi Charbonneau, Mia Pelletier (Inlandsis Consultants;Geomega Resources Inc.) | |
| ABSTRACT: | The present NI 43-101 compliant report describes the gold potential and exploration activities related to the Anik Gold Project of Black Springs Capital Corp, which encompass a significant part of the Opawica-Guercheville Structural Zone, a recognized regional structure with a strong gold potential. Inlandsis Consultants prepared this Technical Report with the view of qualifying Anik claims as a property of merit. Black Springs Capital Corp (BSC) is acquiring the interest in the property through a transaction announced on December 9, 2016 where the parties announced signing a Conditional Gold Claims Sale Agreement. As part of the transaction, Geomega Resources Inc (Geomega) sold the Anik property and other properties to Groupe Ressources Geomines (Geomines) for a total value of $2,500,000 in shares of the Geomines. In conjunction with the sale agreement, Geomines will be completing a transaction with BSC, pursuant to which BSC will acquire all of the outstanding shares of Geomines. In connection with the transaction, BSC will be changing their name to Kintavar Exploration Inc. Upon closing of the transaction, Kintavar will own 100% of the Anik claims. The Anik Property includes 153 claims (85 km2 ) forming two blocks referred to as NW Block and SE Block, and partly covers the Hazeur and Gamache Townships. The claims will be entirely owned by Black Springs Capital Corp. and some of them on the NW Block have their expiry dates by early 2017. Known mineralization resulting from past exploration works included numerous gold showings located within the current limits of the Anik Property. Recent exploration concentrating within the northeast corner of the Property resulted in the broad definition of a continuous gold zone that can be connected from surface exposure to drill intercepts. | |
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