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LiCo Energy Metals Inc.
Summary
| Project: | Glencore Bucke | |
|---|---|---|
| Deposit: | Glencore Bucke | |
| Location: | Canada | |
| Commodities: | Cobalt-Silver-Copper-Lead | |
| Date: | 9/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2017: LiCo Energy Metals Inc. announces a Supporting Acquisition report for its Glencore Bucke deposit at the Glencore Bucke project. Summary of property in support of acquisition. At the request of LiCo Energy Metals Inc. (“LiCo”), the author has co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joerg M. Kleinboeck (JMK Exploration Consulting) | |
| ABSTRACT: | At the request of LiCo Energy Metals Inc. (“LiCo”), the author has completed a geological review of the Glencore Bucke Property (the “Property”) and prepared this technical report (the “Technical Report”) in compliance with NI 43-101, Companion Policy NI43-101CP, and Form 43-101F1. This Technical Report has been prepared for the purposes of a financing document for LiCo. The author has prepared this report to provide a summary of scientific and technical data on the Property, including historical exploration activities, and has made recommendations concerning future exploration and development of the Property. This Technical Report is based on exploration and Property information supplied to the author by LiCo, as well as by the review of geological and exploration information available in the public domain. LiCo Energy Metals Inc. entered into a property purchase agreement on August 31st, 2017, with Glencore Canada Corp. to acquire a 100% interest in mining patent 585 (“Glencore Bucke Property”) situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. The Glencore Bucke Property consists of 1 patented mining claim covering an area of approximately 16.2 ha. The purchase agreement includes a back-in provision, production royalty, and an off-take agreement in favor of Glencore Canada Corp. The Glencore Bucke Property is located within the Cobalt embayment in the Southern Province of the Canadian Shield. The Property is underlain by a Nipissing Diabase sill, which in turn is underlain by Huronian sediments of Proterozoic age. The sediments in turn unconformably overlie early Archean metavolcanics and metasediments. | |
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