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Transaction Announcement Reports
This is a NEW feature of RSC Mineral Intelligence that displays global reports published since April 2017 relating to transactions of mineral exploration, resource development, and mining properties, including property acquisitions, company acquisitions and takeovers.
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Project: | Pilar | |
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Deposit: | Pilar | |
Location: | Mexico | |
Commodities: | Gold-Silver | |
Date: | 8/10/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 10-8-2017: Colibri Resource Corp. announces a Supporting Acquisition report for its Pilar deposit at the Pilar project. Summary of property in support of acquisition. The subject of this Technical Report is the Pilar Gold Project (“PGP” or “El Pilar” or “ | |
Resources: | x | |
CP/QP: | [Overall Report]: Jamie Lavigne (Independent) | |
ABSTRACT: | The subject of this Technical Report is the Pilar Gold Project (“PGP” or “El Pilar” or “Pilar”) located in Sonora Mexico, approximately 145 kilometers east-southeast of Hermosillo. This Technical Report has been prepared by Francis Minerals Limited (FML) for, and at the request of, the management of Colibri Resource Corporation (“Colibri”) for the purposes of its acquisition of the PGP and Canadian Gold Resources (“Canadian Gold”) a private corporation registered in New Brunswick. Minera Bestep S.A. de C.V. (Bestep), a Mexican Corporation and wholly owned subsidiary of Canadian Gold holds a 100% interest in Pilar. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects and has been completed by Jamie Lavigne, M.Sc., P.Geo, a Qualified Person. The PGP is an exploration stage property. Gold and silver are the primary metals of interest on the property. The PGP has been the subject of exploration work since 1996 that includes geological mapping and sampling, trenching and rock-chip sampling, soil surveys, geophysical surveys, and core/reverse circulation drilling. The most recent exploration work on the property was a reverse circulation drilling program which was concluded in December 2013. No Mineral Resource Estimates have been completed for the PGP. The PGP property consists of 2 Mineral Exploitation Concessions; Guadalupana Concession having a surface area of 49 hectares and La Sonora Concession having a surface area of 56 hectares. The total area of the 2 concessions is 105 hectares. The La Sonora and Guadalupana Concessions have expiry dates of April 1, 2046 and March 18, 2036 respectively. Annual taxes on the two concessions total $27,142 MEX. Access to the property is secured through an agreement with a local agricultural corporation and is effective as of June 1, 2016 for a period of 5 years. | |
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