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Cautivo Mining Inc.
Summary
| Project: | Las Lomas | |
|---|---|---|
| Deposit: | Las Lomas | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Molybdenum | |
| Date: | 7/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2017: Cautivo Mining Inc. announces a Supporting Acquisition report for its Las Lomas deposit at the Las Lomas project. Amended technical report summarising property. This report was prepared as a Prospectus-level Disclosure National Instrument 43-101 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Giovanny J. Ortiz (SRK Consulting (US) Inc.) | |
| ABSTRACT: | This report was prepared as a Prospectus-level Disclosure National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) for Plexmar Resources Inc. (Plexmar) by SRK Consulting (U.S.), Inc. (SRK) on the Las Lomas Project (Las Lomas, Las Lomas Project or the Project). Plexmar, through its Peruvian subsidiary Minera San Miguelito S.A.C. (San Miguelito) owns 100% of the mining rights of seven concessions. Additionally, Minera Ate S.A.C. (Minera Ate), a Peruvian corporation owned by two Peruvian nationals, owns 100% of the direct mining rights of twenty-six concessions of the Las Lomas Project. Of the remaining seven concessions forming part of the Las Lomas Project (the Pending Concessions), four have been formally granted by the government and two have been awarded to Minera Ate, but are in the process of being formally granted by the government. The remaining concession forming part of the Pending Concessions is expected to be auctioned by the government within the next twelve months. Minera Ate is currently the only party that has been granted the right to participate in the auction and is expected to bid on such concession. Pursuant to an option agreement, San Miguelito has the right to acquire from Minera Ate the Pending Concessions (if and when such concessions are registered to Minera Ate and subject to the receipt of the required Supreme Decree) in exchange for the payment of US$180,000. | |
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