For thousands of other reports visit RSC's Mineral Intellingence Map
Canadian Energy Materials Corp.
Summary
| Project: | Grindstone | |
|---|---|---|
| Deposit: | Grindstone | |
| Location: | Canada | |
| Commodities: | Copper-Cobalt-Nickel | |
| Date: | 12/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-12-2018: Canadian Energy Materials Corp. announces a Supporting Acquisition report for its Grindstone deposit at the Grindstone project. Summary of property in support of acquisition. This report was prepared to provide a National Instrument 43-101 (“N | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Etienne Forbes, Alain Hupe (Geominex Inc.) | |
| ABSTRACT: | This report was prepared to provide a National Instrument 43-101 (“NI 43-101”) compliant Technical Report and updated the exploration work on the Grindstone Property located at the northern part of New Brunswick. This Technical Report was prepared by Geominex Inc. at the request of Mr. Michael Schuss, president and CEO of Canadian Energy Materials Corp. (CEM). The Grindstone Project is located in the parish of Victoria, on the northwestern part of the province of New Brunswick, Canada, on NTS map-sheet 21O/05. It consists in 19 contiguous claims (495 units) covering an area of 10 804 hectares centered at map datum NAD 83: N 47° 20' 30’’ latitude and W 67° 32' 53.0" longitude (UTM 19 609679 E/ 5244133 N) on the east part of NTS sheet 21O/05. The Property is located at 20 km south south-west from the town of St-Quentin and 35 km north-east of St-Leonard. Highway 17 passes within 0.5 km of the edge of the Grindstone Property. Access to the property, through a gate bordering highway 17 near Veneer, is good by means of numerous logging roads which proliferate the area. Irving Pulp & Paper Ltd, company which owns the surface right, granted permission to Canadian International Minerals Inc. and its associated firms to access the Property and to execute a defined mining exploration program. Unpaved lumber roads are accessible by fourwheel drive vehicle (ATV or truck) or by snowmobile when winter condition prevails. On August 31st , 2018, Canadian International Minerals Inc. (CIM) signed an agreement to sell, transfer and convey to Canadian Energy Materials Corp. (CEM) and CEM agrees to purchase all of the CIM shares on the basis of one CEM share for each CIM share held for an issuance of a total of 12,000,000 shares. As part of the agreement, 100% of the property Grindstone was transferred to CEM. The Grindstone property lies in a stratigraphic domain of the northern Appalachian Geological Province or Orogen described by provincial government geologists as the Aroostook-Percé Anticlinorium. This domain is composed of the Middle Paleozoic Matapedia Cover Sequence which regroups sedimentary units originally deposited in a sedimentary basin known as the Matapedia Forearc Basin. In Northern New Brunswick, these sedimentary units are now assigned to both the Grog Brook and the overlying Matapedia Groups. | |
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