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Horizon Minerals Corp.
Summary
| Project: | SFE | |
|---|---|---|
| Deposit: | SFE | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2017: Horizon Minerals Corp. announces a Supporting Acquisition report for its SFE deposit at the SFE project. Summary of property in support of acquisition. Horizon Minerals Corp. (“Horizon” or “the Company”) was incorporated in the State of Delaware | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert A. Lunceford (Independent) | |
| ABSTRACT: | Horizon Minerals Corp. (“Horizon” or “the Company”) was incorporated in the State of Delaware on May 11, 2011 and is traded on the US Over the Counter exchange as (OTCPINK:HZNM). As well, Horizon Minerals Corp. is a reporting issuer in Alberta and British Columbia, Canada. On October 4, 2016, Horizon entered into an Asset Purchase Agreement (the “Agreement”) with Gold Exploration Management Inc., a Reno, Nevada-based corporation (“GEM”). Pursuant to the Agreement, GEM agreed to sell to Horizon its title to 423 twenty-acre lithium mineral claims situated in southern Nye County, Nevada, where the Property is located, and an additional 600 twenty-acre lithium mineral claims located in California, and 200 twenty-acre lithium claims located elsewhere in Nevada for a total of 1,223 claims. basins as substantial closed basins enriched in lithium No exploration has yet been conducted on the Property. Planned exploration including geophysical surveys leading to drilling is summarized in Recommendations. The Property lies within a Tertiary and Quaternary pull-apart basin within the Basin and Range Province along the Walker Lane Structural Trend. The rocks in the area range in age from Paleozoic clastic sedimentary rocks to Quaternary basaltic volcanic rocks with basins filled with Quaternary evaporates, clay and tuff beds, and sandy horizons. While as the older clastic sedimentary rocks are not of special interest to the lithium target objective, except as permeability boundaries along the west flank of the basin, the eastern flank of the structurally bounded basin is dominated by the Miocene Horse Springs Formation and Thumb Formation (and their equivalents) which are known to host anomalous lithium concentrations. | |
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