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Cross River Ventures Corp.
Summary
| Project: | Tahsis | |
|---|---|---|
| Deposit: | Tahsis | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Zinc | |
| Date: | 4/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2018: Cross River Ventures Corp. announces a Supporting Acquisition report for its Tahsis deposit at the Tahsis project. Summary of property in supporting acquisition. Cross River Ventures Corp. can earn a 100% interest, subject to a 3.0% net smelter | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tim Henneberry (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 target on Northern Vancouver Island by making cash payments of $20,000, issuing 800,000 shares and completing $250,000 in exploration over the next two years. The road accessible Tahsis Property is located 105 kilometres northwest of Campbell River, British Columbia and consists of 5 claims totaling 4,866 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 limestones 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. Three exploration programs have been completed on the Tahsis property on behalf of the property vendor since acquisition in 2011. A total of 903 and road soil samples, 691 grid soil samples, 60 stream sediment samples and 59 rocks samples were collected and the property was mapped. Three target areas have been identified, requiring follow up exploration: | |
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