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Goldblock Capital Inc.
Summary
| Project: | Copper Canyon | |
|---|---|---|
| Deposit: | Copper Canyon | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2019: Goldblock Capital Inc. announces a Supporting Acquisition report for its Copper Canyon deposit at the Copper Canyon project. Summary of property in support of acquisition. Clark Exploration Consulting of Thunder Bay, Ontario was contracted by G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: D. Cullen, J. Garry Clark (Clark Exploration Consulting) | |
| ABSTRACT: | Clark Exploration Consulting of Thunder Bay, Ontario was contracted by Goldblock Capital Inc. (“Goldblock”), to review historic data for the Copper Canyon Property (the “Property”), identify its merits, propose an appropriate exploration program and budget for copper and gold exploration on the property, and prepare a Technical Report (the “Report”) compliant with NI 43-101 and suitable for inclusion in a prospectus document for the purposes of a financing or listing application by Goldblock. The Copper Canyon Property is located 30 kilometres west of Merritt in southcentral B.C. The property is located in map sheet 92I/03, near UTM 629000mE, 5560000mN, (NAD83); 50.175° N latitude and 121.2° W longitude. The Copper Canyon Property consists of 7 claims totalling 2853.6 hectares. The claims are owned by Seven Devils Exploration Ltd, and Multiple Metals Resources Ltd. (the “Optionors”, each of which own 50% of the Property), both of Vancouver, B.C., and have been optioned to Goldblock under an Option Agreement dated April 25th, 2018 and signed by all parties. Under the terms of the Option Agreement, Goldblock has the right to earn a 100% interest in the Property, subject to 1.5% Net Smelter Royalty (the “NSR”) to be retained by the Optionors, by making staged payments totalling $192,500 over three years and completing exploration expenditures totalling $450,000 over four years from the date of the Option Agreement. Goldblock has the right to purchase 0.5% of the NSR from the Optionors for $1,000,000. | |
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