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Harvest Gold Corp.
Summary
| Project: | Tibiti | |
|---|---|---|
| Deposit: | Tibiti | |
| Location: | Suriname | |
| Commodities: | Gold | |
| Date: | 9/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-9-2016: Harvest Gold Corp. announces a Supporting Acquisition report for its Tibiti deposit at the Tibiti project. Summary of property in support of acquisition. This technical report has been prepared at the request of a listed company, Harvest Gold C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dennis J. LaPoint (Appalachian Resources LLC.) | |
| ABSTRACT: | This technical report has been prepared at the request of a listed company, Harvest Gold Corporation (TSX.V: HVG) whose address is Suite 804 – 750 West Pender Street Vancouver, BC V6C 2T7. Harvest Gold has signed a LOI with Canasur Gold Ltd. (“Canasur”), a private arm’s length Nova Scotia company with mineral interests in Suriname. The LOI provides for the amalgamation of Canasur with Harvest (the “Amalgamation”) by way of a three cornered amalgamation under the B.C. Business Corporation Act whereby Canasur would continue into British Columbia and amalgamate with a newly formed subsidiary of Harvest. In connection with the Amalgamation, Harvest plans to complete an equity financing. This report is to comply with disclosure and reporting requirements set forth in the National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), Companion Policy 43-101CP to NI 43-101 and Form 43-101F1 of NI 43-101. According to information provided by Canasur, they own 100 percent of the Exploration Rights for the Goliat (Tibiti) exploitation Concession in Suriname which contains 10,000 hectares. The project name Goliat refers to a nearby prominent hill with small scale gold mining, while the name Tibiti refers to the river that transects the concession. The concession itself is always referred to Tibiti by local authorities. In this report, the project and concession will be referred to as Tibiti as that is how it is referred to in Suriname and the name Tibiti avoids confusion with other concessions. Canasur owns 100 percent of a Suriname company, Caribbean Minerals Company N.V.” (Cariminco N. V.). Under an Agreement between Cariminco and the original concession holder, Mr. Richard Lambertus Verwey, a Suriname citizen, the concession rights to the Tibiti concession have been transferred to Cariminco N.V. | |
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