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CR Capital Corp.
Summary
| Project: | Coppercorp | |
|---|---|---|
| Deposit: | Coppercorp | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 3/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-3-2018: CR Capital Corp. announces a Supporting Acquisition report for its Coppercorp deposit at the Coppercorp project. Technical report in support of Acquisition. The Coppercorp Property is located in Ryan, Palmer, Kincaid and Nicolet townships in the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Trevor Boyd (Independent) | |
| ABSTRACT: | The Coppercorp Property is located in Ryan, Palmer, Kincaid and Nicolet townships in the area of Mamainse Point on the southeastern shore of Lake Superior 85 kilometres north of the town of Sault Ste. Marie in north central Ontario, Canada. The Trans-Canada Highway crosses the westernmost portion of the property and provides a major all weather road connection to Sault Ste. Marie to the south. The Coppercorp Property consists of 132 unpatented mining claims held 100% by CR Capital Corp. On September 20, 2017, CR Capital Corp. entered into an agreement to acquire 100% ownership of the Property from Nighthawk Gold Corporation, which had acquired the holdings in 2010 under the name of Cenit Corporation, changed its name to Superior Copper Corporation and explored and considerably enlarged the property over the next seven years. In 2010 Cenit Corporation had optioned the property in a 50% joint venture from First Minerals Explorations Ltd. and acquired 100% ownership in 2014. The claims cover an area of approximately 17,856 ha (178.56 km2) and are in good standing until at least January 5, 2018. The total value of work required to keep the claims in good standing is $446,400 per annum and the total value of available reserve credit is $1,537,378 that can be applied to extend the claims until at least 2021. | |
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