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Crest Resources Inc.
Summary
| Project: | Red Metal Ridge | |
|---|---|---|
| Deposit: | Red Metal Ridge | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold-Palladium | |
| Date: | 9/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-9-2018: Crest Resources Inc. announces a Supporting Acquisition report for its Red Metal Ridge deposit at the Red Metal Ridge project. Summary in property in support of CSE listing. The Red Metal Ridge Property (the “Red Metal Ridge Property” or the “P | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald MacIntyre (D.G. MacIntyre and Associates Ltd.) | |
| ABSTRACT: | The Red Metal Ridge Property (the “Red Metal Ridge Property” or the “Property”) is located on Vancouver Island, British Columbia, Canada, approximately 74 kilometres northwest of the town of Campbell River and 12 kilometres southwest of the town of Sayward. The Property consists of six contiguous mineral titles covering an area of 1381.50 hectares. These mineral titles were acquired by electronic staking in January 2018 and are held by Craig Lynes on behalf of Rich River Exploration Ltd. (“Rich River”). Crest Resources Inc. (“Crest”) has optioned the Property from Mr. Lynes and is the operator. Access to the Red Metal Ridge Property is via logging roads that connect to Highway 19 which cuts through the property. Historical work done on the property dates back to the late 1960’s when the area was first opened up by logging activity. Road construction exposed outcrops with visible copper mineralization. From 2003 to 2013 M. Schau did extensive work on the property including geologic mapping, prospecting and geochemistry. Despite Schau’s work, only limited diamond drilling has been done to date on the Property and as such the Property is still in the early stages of exploration. The area covered by the Property is mainly underlain by the upper part of the Karmutsen Formation stratigraphy, comprising mainly thick massive flows with local intercalations of amygdaloidal basalt and pods of autoclastic breccias, pillowed and massive flows with thin intercalations of volcaniclastic and limey sandstones all cut by thin dolerite/gabbro sills. | |
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