For thousands of other reports visit RSC's Mineral Intellingence Map
Eastern Zinc Corp.
Summary
| Project: | Grouse Mountain | |
|---|---|---|
| Deposit: | Grouse Mountain | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Silver | |
| Date: | 5/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2018: Eastern Zinc Corp. announces a Supporting Acquisition report for its Grouse Mountain deposit at the Grouse Mountain project. Summary of property in support of acquisition. This report was prepared for Eastern Zinc Corp., (“Eastern Zinc” or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rick Kemp (North Star Geological Services Inc.) | |
| ABSTRACT: | This report was prepared for Eastern Zinc Corp., (“Eastern Zinc” or the “Company”) a public company registered in British Columbia. The author was retained by International Cobalt Corp. to complete this report on the Grouse Mountain property located in Northwestern British Columbia. Eastern Zinc Corp is acquiring the Grouse Mountain property for the purpose of exploration. The purpose of this report is to summarize previous work on the property, to make recommendations for further work, and to provide a report that conforms to National Instrument 43-101, Companion Policy 43-101CP and Form 43-101F1 specifications. The author has based this report on: The Grouse Mountain property is located in the Bulkley-Nechako Regional District of British Columbia and is approximately 19 kilometers to the NNW of the town of Houston, and 45 kilometers to the SSE of Smithers, British Columbia. The property consists of seven contiguous Mineral Titles Online (MTO) mineral claims that cover an area of 1,763.29 hectares of land located in the Omineca Mining Division. The claims are in good standing to at least October 1, 2018. On November 16, 2017, Eastern Zinc Corp. (Optionee) entered into an option agreement with International Cobalt Corp (Optionor) to acquire an undivided 100% right, title and interest in and to the Grouse Mountain property by issuing 300,000 common shares in the capital stock of the optionee to the optionor, make a cash payment of $10,000 and incur an Exploration Commitment $250,000 over two years with $100,000 in the first year. Stock issuance, cash payments and work commitments are to be completed before November 19, 2018. The optionor retains a 2.5% NSR. The optionee has the right to buy back 2.0% of the NSR for $1,000,000 and retains a right of first refusal on the remaining 0.5% NSR. This report was prepared at the request of the company, to summarize historical work on the property and to make recommendations for further work. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report