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Transaction Announcement Reports
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Project: | Central Timmins | |
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Deposit: | Central Timmins | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 7/25/2018 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 25-7-2018: Central Timmins Exploration Corp. announces a Supporting Acquisition report for its Central Timmins deposit at the Central Timmins project. Summary of property in support of public listing on the TSX-V. Roscoe Postle Associates Inc. (RPA) was r | |
Resources: | x | |
CP/QP: | [Overall Report]: Paul Chamois (Roscoe Postle Associates Inc.) | |
ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Central Timmins Exploration Corp. (CTEC) to prepare an independent Technical Report on the Central Timmins Project (the Project), located in northeastern Ontario, Canada. The purpose of this report is to document the historical work on the Project, and to support a stock exchange listing and an initial public offering. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property on May 15-16, 2018. The effective date of this report, with respect to the most recent information included in it, is May 17, 2018. The Project consists of twenty non-contiguous claim blocks, which originally comprised 53 legacy claims, totalling 318 claim units, and 89 patented claims covering an aggregate area of approximately 6,395 ha in Robb, Turnbull, Jamieson, Godfrey, Mountjoy, Ogden, Price and Deloro Townships, Porcupine Mining District. By virtue of the new Mining Lands Administration System (MLAS) which took effect on April 10, 2018 in Ontario and the re-configuration of the original 16 ha legacy claims to 20 ha cells, the area covered by the Project now totals 7,886 ha. The major asset associated with the Project is a large land position covering highly prospective lithologies and structures within Canada’s most productive gold mining camp. Exploration targets warranting additional work, including diamond drilling, have been identified. | |
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