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Gold Lion Resources Inc.
Summary
| Project: | Fairview | |
|---|---|---|
| Deposit: | Fairview | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 8/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2019: Gold Lion Resources Inc. announces a Supporting Acquisition report for its Fairview deposit at the Fairview project. Summary of property in support of acquisition. The Fairview property (the "Property"), is located in the south-central interior | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Agnes M. Koffyberg (Discovery Consultants) | |
| ABSTRACT: | The Fairview property (the "Property"), is located in the south-central interior of British Columbia, approximately 50 km west of the city of Kamloops. The Property consists of 2 Mineral Tenure Online mineral titles, and covers an area of 2,574 hectares. The Property can be reached via the Trans Canada Highway, as the southern part of the Property straddles the highway. Gold Lion Resources Inc ("Gold Lion") has entered into an Option Agreement, whereby Gold Lion can earn a 100% right, title and interest in the Property by making various cash payments, various exploration expenditures, and granting a 2% NSR royalty. Mr C. Paul and Mr O. Friesen, who are two of the optionors, are listed on MTO as the 100% joint owners of the Property. The Property lies within the southern portion of the Quesnel Terrane of the Intermontane Belt of British Columbia. The Terrane is host to numerous Cu-(Au-Mo) porphyry deposits, which in southern BC includes the Highland Valley copper mine, the New Afton Mine, the Copper Mountain mine, and the past-producing Ajax mine. The Property is underlain in part by volcanic and sedimentary rocks of the Upper Triassic Nicola Group. These rocks consist andesitic volcanic flows, tuffs, feldspar porphyries, coarse fragmentals and sedimentary rocks. The volcanic rocks are mainly andesitic in composition, although acidic and basic units are also observed. Welded tuffs occur in the western edge of the Property. | |
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