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Glacier Lake Resources Inc.
Summary
| Project: | Silver Vista | |
|---|---|---|
| Deposit: | Silver Vista | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Copper-Zinc | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2017: Glacier Lake Resources Inc. announces a Supporting Acquisition report for its Silver Vista deposit at the Silver Vista project. Summary of property in support of acquisition. Glacier Lake Resources Inc. is earning a 100% interest, subject to 2.5 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R.Tim Henneberry (Mammoth Geological Ltd.) | |
| ABSTRACT: | Glacier Lake Resources Inc. is earning a 100% interest, subject to 2.5% Net Smelter Return (NSR) Royalty, in the Silver Vista Property by making cash payments of $230,000, issuing 750,000 shares and completing $600,000 in exploration over the next three years. Silver Vista is road accessible, lying 55 kilometres northeast of Smithers, British Columbia in the central interior of the province. The property consists of forty nine map claims totaling 24,048 hectares. The primary mineralization on the Silver Vista property is the MR zone, a silver – copper mineralized sandstone of the Smithers formation. The author feels the three Silver Vista zones and the Copper Vista zones make the Silver Vista property of merit warranting of further exploration. However, while the other target zones on the property warrant follow-up; the initial exploration should focus on drilling the MR deposit in the Silver Vista 1 zone. Initially, two or three holes should be drilled to twin the existing holes to confirm the earlier exploration drilling. Then a series of holes should be drilled to test the zone along strike and down dip. This will require 4500 feet (1,372 metres) of NQ diamond drilling at an estimated cost of $240,000. | |
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