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Broome Capital Inc.
Summary
| Project: | Key Lake Road | |
|---|---|---|
| Deposit: | Key Lake Road | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-4-2017: Broome Capital Inc. announces a Supporting Acquisition report for its Key Lake Road deposit at the Key Lake Road project. Summary of property in support of acquisition. At the request of Broome Capital Corp (the “Company” or “Broome”), this rep | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Edward D. Harrington (Reliance Geological Services Inc.) | |
| ABSTRACT: | At the request of Broome Capital Corp (the “Company” or “Broome”), this report on the Key Lake Road Property (the “Property” or “Project”) has been prepared to summarize previous work, appraise the exploration potential of the Property, and make recommendations for future work. The Key Lake Road Property (“KLR”) is situated approximately 550 kilometers northnorthwest of the city of Saskatoon, straddling Provincial Highway #914, 60 kilometers southwest of the Key Lake Uranium mine. The sixteen contiguous unsurveyed mineral dispositions comprising the Property were established by physical staking and total approximately 2,406.7 hectares (“ha”). The dispositions are registered to Apella Claim Management Ltd, and are beneficially owned by Doctors Investment Group, a Bahamas company. Through an option agreement effectively dated 10 November 2016, Broome Capital Corp has the option to acquire a 100% undivided interest in the Key Lake Road Property. In 2015, exploration work by Aldever Resources Inc. consisted of prospecting, rock sampling, ground geophysical radiometric surveys, and drilling using a man-portable pack-sack diamond drill. A total of 32 select rock samples were collected. The Key Lake Road Property is of sufficient merit to justify a two-phase exploration program. Past work programs show that uranium mineralization on the Property is associated with structural lineaments. The newly discovered Highway Zone should be investigated. Phase 1 work should consist of geological and geophysical work programs designed to further define the Property’s structural elements. Phase 1 work would include prospecting, geological mapping, Shaw lightweight drilling, airborne radiometric and magnetic geophysical surveys, and a ground Induced Potential (IP) geophysical survey. The estimated cost of Phase 1 work is $239,000. | |
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