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Cross River Ventures Corp.
Summary
| Project: | Tahsis | |
|---|---|---|
| Deposit: | Tahsis | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Zinc | |
| Date: | 1/17/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2020: Cross River Ventures Corp. announces a Supporting Acquisition report for its Tahsis deposit at the Tahsis project. Summary of property in support of acquisition. Cross River Ventures Corp. can earn a 100% interest, subject to a 3.0% net smelter | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Robb (Independent) | |
| ABSTRACT: | Cross River Ventures Corp. can earn a 100% interest, subject to a 3.0% net smelter return (NSR) royalty in the Tahsis Property, a gold and copper exploration property on Northern Vancouver Island. The property is currently 100% owned by Qualitas Holdings Corp., a private British Columbia corporation that is arm’s length to Cross River Ventures Corp. The road accessible Tahsis Property is located 105 kilometres northwest of Campbell River, British Columbia and consists of 5 claims totaling 4,865.52 hectares. The Tahsis Property lies in an area of high geological potential. The property is underlain by Eocene Mt. Washington Intrusive Suite quartz diorites in the north and central portion. A thin band of Triassic Quatsino limestone runs through the length of property and is intruded by the quartz diorites in two locations on the property. Anomalous gold stream sediment geochemistry is associated with the intrusive contacts of the quartz diorite proximal to the limestone. Three mineralized occurrences are present on the property. Six exploration programs have been completed on the Tahsis property by or on behalf of Qualitas Holdings Corp., the property vendor since acquisition in 2010. A total of 903 road soil samples, 691 grid soil samples, 60 stream sediment samples and 59 rocks samples were collected and the property was mapped. | |
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