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Transaction Announcement Reports
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Project: | Kootenay | |
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Deposit: | Begbie, Boulder | |
Location: | Canada | |
Commodities: | Lithium | |
Date: | 2/1/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 1-2-2017: First Energy Metals Ltd. announces a Supporting Acquisition report for its Begbie, Boulder deposit at the Kootenay project. Summary of property in support of acquisition. First Energy is a Canadian exploration company based in Vancouver, British | |
Resources: | x | |
CP/QP: | [Overall Report]: R.A. (Bob) Lane (Plateau Minerals Corp.) | |
ABSTRACT: | First Energy is a Canadian exploration company based in Vancouver, British Columbia, listed on the TSX Venture Exchange under the symbol FE. The Company has entered into an option agreement dated October 7, 2016, with Lloyd Addie, John Mirko and Graeme Haines (the “Vendors”), to purchase a 100% interest in the Begbie and Boulder early-stage rare metal LCT pegmatite-bearing properties located near the city of Revelstoke in southeastern British Columbia. The two properties, along with the Laib property that forms part of the purchase agreement, but that was not examined and is not a subject of this report, comprise the Kootenay Lithium Project (the “Project”). First Energy requested that the author visit each property, compile all available data and prepare an independent National Instrument 43-101 (NI 43-101) Technical Report (the "Report") for the Project. This Report was prepared in accordance with the guidelines provided in NI 43-101, Standards of Disclosure for Mineral Projects (June 24, 2011) for technical reports, Companion Policy 43-101CP, Form 43-101F1, and using industry accepted Canadian Institute of Mining, Metallurgy and Petroleum (CIM) “Best Practices and Reporting Guidelines” (CIM, 2003) for disclosing mineral exploration information, including the updated CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014). The purpose of this Report is to provide, 1) a comprehensive compilation of all historic exploration and development activities conducted on the Project for which information is available, 2) a basic understanding of regional and local geology and mineralization, and 3) recommendations for future work. | |
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