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Crazy Horse Resources Inc.
Summary
| Project: | Taysan | |
|---|---|---|
| Deposit: | Taysan | |
| Location: | Philippines | |
| Commodities: | Copper-Gold-Silver-Magnetite | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2017: Crazy Horse Resources Inc. announces a Resource Estimation report for its Taysan deposit at the Taysan project. Updated mineral resource estimate for project. This report is an Independent Technical Report dated 30 November 2016, which updates t | |
| Resources: | (Resource, M+I): 456Mt @ 0.26% Cu, 0.10g/t Au, 0.8g/t Ag, 3.2% Fe3O4 | |
| CP/QP: | [Resources]: Ian A Taylor (Mining Associates Pty Ltd.) | |
| ABSTRACT: | This report is an Independent Technical Report dated 30 November 2016, which updates the mineral resource estimate reported in April 2012 for the Taysan Project (“Taysan”, or “the Project”), owned 100% by Crazy Horse Resources (“CZH”). No additional drilling has been undertaken on the Project since 2011, a conceptual pit design was used to constrain reported resources. Taysan is located approximately 120 km south of Manila in Batangas Province on Luzon Island, Philippines. Taysan is comprised of a single exploration permit (EP-IVA- 005), which is currently under renewal and conversion to a Financial and Technical Assistance Agreement (FTAA) The Taysan copper-gold porphyry deposit is wholly contained within EP-IVA–005, which covers an area of approximately 4,086 hectares. At the request of Mr. Greg Downey, Chief Financial Officer of CZH, Mining Associates (“MA”) was commissioned in November 2016 to prepare the related Independent Technical Report for the Taysan Project to comply with Canada’s National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI43-101”) based on the mineral resource estimate using all data at Taysan to December 2011. The January 2012 mineral resource is carried forward with minor modifications to reporting, additional information on the current tenement status, confirmation of assumptions used to determine reasonable prospects for economic extraction for the estimate and that the mineral resource classifications meet the updated 2014 CIM Definition Standards, culminating in an effective date of 30th November 2016 for the Mineral Resource. | |
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