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Karmin Exploration Inc.

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Summary

Project:

Aripuana

Deposit:Aripuana
Location:Brazil
Commodities:Zinc-Lead-Silver
Date:3/6/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:6-3-2017: Karmin Exploration Inc. announces a Resource Estimation report for its Aripuana deposit at the Aripuana project. JV - Updated mineral resources at Aripuana. Roscoe Postle Associates Inc. (RPA) was retained by Karmin Exploration Inc. (Karmin) to
Resources:
CP/QP:[Resources]: Valeria Wilson, Sean Horan (Roscoe Postle Associates Inc.)
ABSTRACT:Roscoe Postle Associates Inc. (RPA) was retained by Karmin Exploration Inc. (Karmin) to prepare an independent Technical Report on the Aripuanã Zinc Project (Aripuanã Zinc or the Project) located near Aripuanã, Brazil. The purpose of this report is to provide an update of the Mineral Resources at the Project following additional drilling completed on the Project since the previous resource estimate in 2012. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property from October 16 to 19, 2012 and from January 30 to February 3, 2017. The Aripuanã Zinc property is owned by Mineração Dardanelos Ltda. (Dardanelos), a joint venture between Karmin (30%) and Votorantim Metais Ltda. (70%, Votorantim), with Votorantim acting as the operator. Karmin also owns 100% of the Aripuanã Gold Project, which consists of gold and silver mineralization associated with the near surface oxidized portions of the numerous massive sulphide deposits on the Aripuanã Zinc property. Limited studies to date have been undertaken on the oxide material. This report deals with the Aripuanã Zinc Project only. To date, the focus of exploration activities on the property has been the Ambrex and Arex deposits, which are the only two deposits that contain current Mineral Resources. As a result of drilling in 2014 and 2015, a new zone connecting the two deposits, the Link Zone, has been delineated. The Link Zone is considered to be a westward extension of Ambrex and is therefore included in the Mineral Resources of that deposit.

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