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Transaction Announcement Reports
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Project: | Exxeter | |
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Deposit: | Exxeter | |
Location: | Canada | |
Commodities: | Gold-Silver-Copper | |
Date: | 9/14/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 14-9-2017: Darien Resource Development Corp. announces a Supporting Acquisition report for its Exxeter deposit at the Exxeter project. Summary of property in support of acquisition. At the request of Darien Resource Development Corp. (the “Company” or “DR | |
Resources: | x | |
CP/QP: | [Overall Report]: Abby Peterson (Exploration Facilitation Unlimited Inc.) | |
ABSTRACT: | At the request of Darien Resource Development Corp. (the “Company” or “DRD”), this report on the Exxeter Project (the “Property” or “Project”) has been prepared to summarize previous work, appraise the exploration potential and make recommendations for future work on the Property. DRD has also requested the report as part of the supporting documentation for an Initial Public Offering (IPO) and for seeking a listing on the TSX Venture Exchange. The Exxeter Property is situated approximately 45km east of Val-d’Or in the province of Québec and 500km north-west of the city of Montréal. The property is easily accessed via the Transcanadian Highway #117 that connects Montréal to Val-d’Or. The city of Val-d’Or is a major full-service center for exploration and mining activities in the region. The property is located within the Abitibi Greenstone Belt (Northwestern Québec, Canada) in the Township of Vauquelin, approximately 45km east of Val-d’Or. It lies within NTS sheet 32C03. The property’s center point is located at 334,850mE and 5,323,206mN (UTM Zone 18 Nad 83), 15km east of the village of Louvicourt. Gold mineralization in the area is typically found in quartz veins located proximal to feldspar porphyries associated with shear zones and sulphides such as Pyrite, Arsenopyrite and Pyrrhotite. At the Chimo Mine 3km to the south, gold was formed within the iron formation and subsequently remobilized and re-deposited in one of two ways: in lenses of semi-massive Arsenopyrite and Pyrrhotite adjacent to the iron formation, or in quartz lenses and veinlets within strongly sheared and altered volcanics with disseminated sulphides. While far less common, base metal showings do occur in the area with Silver, Copper and Zinc found in shear zones flooded by silica and carbonate. | |
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