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Discovery Metals Corp.
Summary
| Project: | Puerto Rico | |
|---|---|---|
| Deposit: | Puerto Rico | |
| Location: | Mexico | |
| Commodities: | Zinc-Copper-Silver-Lead | |
| Date: | 8/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-8-2017: Discovery Metals Corp. announces a Supporting Acquisition report for its Puerto Rico deposit at the Puerto Rico project. Summary of property in support of acquisition. The Puerto Rico project is a carbonate-hosted polymetallic exploration projec | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Anna Fonseca, Dominic Chartier (n/a) | |
| ABSTRACT: | The Puerto Rico project is a carbonate-hosted polymetallic exploration project located in northern Coahuila State, Mexico. Ayubowan Capital Ltd. (Ayubowan) has an option agreement to acquire up to 100% of the Puerto Rico project. In February 2017 Ayubowan commissioned SRK Consulting (Canada) Inc. (SRK) to visit the Puerto Rico property to assess its merit and to prepare an independent technical report in compliance with Canadian Securities Administrators National Instrument 43-101 Standards of Disclosure for Mineral Properties and Form 43-101F1 guidelines. SRK understands that this technical report will be used by Ayubowan to support an application for listing as a Tier 2 Company on the Toronto Stock Exchange. This report summarizes the technical information available on the Puerto Rico project and concludes that this mineral asset satisfies the requirement to be a “qualifying property” to support an application for listing as a Tier 2 Company on the Toronto Stock Exchange. It is SRK’s opinion that the character of the property is of sufficient merit to warrant additional exploration expenditures. A two-phase exploration work program comprising geological mapping, geochemical sampling, ground and airborne geophysics, metallurgical testing, and drilling is recommended. The proposed work program is estimated to cost approximately US$6.8 million. | |
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