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Havilah Mining Corp.
Summary
| Project: | True North | |
|---|---|---|
| Deposit: | True North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 13-7-2018: Havilah Mining Corp. announces a Supporting Acquisition report for its True North deposit at the True North project. Technical report supporting transaction of property to Havilah Mining Corp.. Practical Mining LLC (PM) and P&E Mining Consultan | |
| Resources: | (Resource, M+I): 2.007Mt @ 0.216opt Au for 433Koz Au contained at True North underground | |
| CP/QP: | [Resources]: Mark Odell, Laura Symmes (Practical Mining LLC) | |
| ABSTRACT: | Practical Mining LLC (PM) and P&E Mining Consultants Inc. (P&E) were engaged by Klondex Mines Ltd.(KDX), to prepare a Technical Report (TR) in accordance with National Instrument 43- 101 (NI 43-101) of the Canadian Securities Administrators. PM’s and P&E’s evaluation of the True North Mine (True North Project, True North, or the Project), located in Bissett, Manitoba, Canada, is presented herein. This TR, dated the 8th day of May 2018, with an effective date of March 31, 2018 provides the initial Mineral Resource Estimate for the Project. On March 19, 2018 KDX and Hecla Mining Company (Hecla) announced the latter’s purchase of KDX. Coincident to the purchase, the Canadian assets of KDX including Klondex Canada and the True North Project is to be part of Havilah Mining Corporation (HMC or the Company) under a plan of arrangement. HMC is a newly formed entity independent of KDX and Hecla. The True North Project will be the only material asset of HMC and this TR provides the initial estimate of Mineral Resources for the Project prior to the ownership by HMC. | |
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