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Centenera Mining Corp.
Summary
| Project: | Huachi | |
|---|---|---|
| Deposit: | Huachi | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2017: Centenera Mining Corp. announces a Supporting Acquisition report for its Huachi deposit at the Huachi project. Summary of property in support of acquisition. In January 2017, Mr. Keith Henderson, President and CEO of Centenera Mining Corporation | |
| Resources: | x | |
| CP/QP: | [Overall Report]: William R. Gilmour, Thomas H. Carpenter (Discovery Consultants) | |
| ABSTRACT: | In January 2017, Mr. Keith Henderson, President and CEO of Centenera Mining Corporation (“Centenera”), a British Columbia corporation, commissioned William R. Gilmour, PGeo and Thomas H. Carpenter, PGeo, of Discovery Consultants to undertake an independent review and produce a National Instrument 43-101 Technical Report (the “Report”) on the Huachi property (“Huachi” or the “Property”), located in San Juan Province, Argentina. Co-author Carpenter visited the Property on February 9, 2017, accompanied by Mr. Tyler Caswell, PGeo, Exploration Manager for Centenera. Aside from the activity of this visit, both authors are equally responsible for the whole Report. Centenera has signed a binding Letter of Intent dated January 19, 2017 with Macondo S.A. (“LOI”), which provides for the grant to Centenera of the option to earn an undivided 100% interest in the Property from the owner of the Property, Macondo S.A., a private arm's length Argentinean corporation, subject to a 2% net smelter royalty (“NSR”) to be granted to Macondo S.A. upon the exercise of the option. Complete terms of the LOI are outlined in Section 4.10 below. This Report contains the authors' review of field observations, analytical data and other available information on the Property that have led the authors to conclude that the Property constitutes a property of merit. This Report also incorporates an appraisal of the exploration potential of the Property, recommendations and budget considerations for future work. All dollar amounts are in Canadian dollars unless otherwise stated. | |
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