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Jet Gold Corp.
Summary
| Project: | Haib | |
|---|---|---|
| Deposit: | Haib | |
| Location: | Namibia | |
| Commodities: | Copper | |
| Date: | 8/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2016: Jet Gold Corp. announces a Supporting Acquisition report for its Haib deposit at the Haib project. Amended report - summary of property in support of acquisition. The mandate given to P&E Walker Consultancy cc (“P&E”) is to provide the Boards o | |
| Resources: | (Resource, Historical): 739Mt @ 0.29% Cu | |
| CP/QP: | [Overall Report]: Peter W.A. Walker (P&E Walker Consultancy) | |
| ABSTRACT: | The mandate given to P&E Walker Consultancy cc (“P&E”) is to provide the Boards of Directors of DSM and Jet (“The Boards”) with an updated independent technical review of the Haib property as a previous draft technical report, which was not made public, was prepared for a postponed first listing procedure and is no longer current and to comment on the efficacy of the proposed exploration programme by HM. The Board of BC intend to sell their 30% interest in HM to Jet in consideration for 45 million shares in Jet at a value of CAD$0.070 per share or CAD$ 3,150,000. BC will then become the majority shareholder of Jet (The “Proposed Transaction”). This independent Technical Report has been prepared at the request, on 5th June 2015, of Mr. P. Léveillé, Managing Director of DSM and BC and Mr. T. Fernback, CEO of Jet in support of their proposed transaction. The fee for the preparation of this Report is being paid by DSM and is not dependant on the outcome of the proposed transaction with Jet. The Report was completed by P&E and relies extensively on information, materials, representations and exploration data provided by historical records obtained from The Boards, Teck and Mr. V. Stuart-Williams, a Professional Geologist registered with the South African Council for Natural Scientific Professions, registration No.400266/87, who has been associated with the Haib Project in various technical and advisory roles for over 20 years and is currently the Technical Director of DSM. The author has reviewed these sources in writing this review report and has also discussed and debated with Mr. Stuart-Williams and the local Teck representatives the efficacy of various exploration, mining and metallurgical studies that have been completed at the Haib. | |
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