For thousands of other reports visit RSC's Mineral Intellingence Map
Fortune Bay Corp.
Summary
| Project: | Goldfields | |
|---|---|---|
| Deposit: | Goldfields | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2016: Fortune Bay Corp. announces a Supporting Acquisition report for its Goldfields deposit at the Goldfields project. Summary of exploration history of property in support of acquisition. Mercator Geological Services Limited (Mercator) was retained | |
| Resources: | x | |
| CP/QP: | [Overall Report]: S Yule, T Barresi, A Doolittle (Mercator Geological Services Ltd.;March Consulting Associates Inc.) | |
| ABSTRACT: | Mercator Geological Services Limited (Mercator) was retained by 9617337 Canada Limited in January, 2016 to prepare an independent National Instrument 43-101 (NI 43-101) property technical report for the company’s Goldfields Project, located on the north shore of Lake Athabasca, in the province of Saskatchewan, Canada. The Goldfields property contains a total of 36 land dispositions that are currently held by 7153945 Canada Limited, a wholly owned subsidiary of Fortune Bay Corp. (Fortune) which is a publicly traded Canadian company with head offices in Halifax, Nova Scotia, Canada. The primary metal of exploration interest is gold but significant occurrences of uranium are also present on the property. The surface area covered by the company’s mineral exploration dispositions totals 22,126 hectares (ha). The Goldfields Project is being acquired by 9617337 Canada Limited through a plan of arrangement involving Fortune, Kneat Solutions Limited and 9617337 Canada Limited. 7153945 Canada Limited and various other subsidiaries of Fortune will be spun out to 9617337 Canada Limited. An application will be submitted to list the shares of 9617337 Canada Limited on the TSX Venture Exchange (TSXV) with the Goldfields Project being the Qualifying Property to meet the listing requirements. This technical report was prepared for 9617337 Canada Limited, to be renamed Fortune Bay Corp. (Fortune Bay), to support the transaction and listing on the TSXV. | |
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