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Constantine Metal Resources Ltd.
Summary
| Project: | Johnson Tract | |
|---|---|---|
| Deposit: | Johnson Tract | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-6-2019: Constantine Metal Resources Ltd. announces a Supporting Acquisition report for its Johnson Tract deposit at the Johnson Tract project. Summary of property in support of acquisition. HighGold Mining Inc. has retained Brodie A. Sutherland, P.Geo. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brodie Alan Sutherland (Independent) | |
| ABSTRACT: | HighGold Mining Inc. has retained Brodie A. Sutherland, P.Geo. (the “Author”) to produce a Technical Report (“Report”) in compliance with disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101, “Standards of Disclosure for Mineral Projects” (collectively, “NI 43-101”), for the Johnson Tract Project (“Johnson”, or the “Project”) located in the State of Alaska, USA. The Project was initially prospected in 1975 during a mineral potential assessment program commissioned by Cook Inlet Region Inc. (“CIRI”). This ultimately led to the selection of the lands by CIRI, including the mineral rights, as part of the Alaska Native Claims Settlement Act. The Project was first drilled in 1982 by Anaconda Minerals Company resulting in discovery of a gold-silver-zinc-copper-lead mineralized zone, now known as Johnson Tract deposit. The discovery was followed by near-continuous exploration over a 13-year period, including definition of an historic mineral resource, engineering and economic studies, and the identification of multiple other prospects over a 12-kilometre strike length. The Project was last explored in the mid 1990’s by Westmin Resources Ltd. (“Westmin”) who evaluated direct shipping ore from Johnson to the Premier mill near Stewart, British Columbia, approximately 900 nautical miles to the south. On June 19th of 2018, Constantine Metal Resources Ltd. (“Constantine”) entered into a non-binding letter agreement (“Letter Agreement”) with CIRI for the proposed lease rights to the Project (Constantine, 2018). On May 21, 2019, Constantine announced that it and its wholly-owned subsidiary, J T Mining Inc. (“J T Mining”) had entered into a lease agreement (the “Lease Agreement”) with CIRI finalizing the lease rights to the Project (Constantine, 2019). Following completion of a proposed spinout transaction by way of plan of arrangement under the British Columbia Business Corporations Act, Constantine will transfer its rights under the Letter Agreement and Lease Agreement, and the ownership of J T Mining, to HighGold. | |
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