For thousands of other reports visit RSC's Mineral Intellingence Map
MacDonald Mines Exploration Ltd.
Summary
| Project: | Holdsworth | |
|---|---|---|
| Deposit: | Holdsworth | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-12-2016: MacDonald Mines Exploration Ltd. announces a Supporting Acquisition report for its Holdsworth deposit at the Holdsworth project. Summary of property in support of acquisition. MacDonald Mines Exploration Ltd. (TSX.V:BMK, "MacDonald Mines" or t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Dale Yarie (Internal) | |
| ABSTRACT: | MacDonald Mines Exploration Ltd. (TSX.V:BMK, "MacDonald Mines" or the "Company") with head office at 520-141 Adelaide Street W., Toronto, Ontario, M5H3L5, Canada commissioned this NI 43-101 technical report on the Wawa-Holdsworth Project ("the Project” or the “Property") following an option agreement dated December 7, 2016 between Noble Mineral Exploration Inc (“Noble Mineral”) and MacDonald Mines. This technical report has been prepared on behalf of MacDonald Mines by Quentin Dale Yarie P. Geo (APGO No. 1778) on behalf of the Company. The writer is currently a serving board member of the Company and has been on the board since August 14, 2003. The Wawa-Holdsworth Project is located 3 kilometres (“km”) north of the town of Hawk Junction (20 km northeast of the town of Wawa in Corbiere and Esquega Townships, Ontario and comprises 18 contiguous fee simple absolute patented claims covering approximately 285 hectares. The property has year-long road access as well as easy access to other infrastructure including rail, road, electrical power, labor force and suppliers. Following the option agreement with Noble Mineral, MacDonald Mines can earn a 51% undivided interest in the Wawa-Holdsworth Project by issuing to Noble Mineral 2,500,000 of its Class A Common Shares, 2,500,000 of its Warrants and incur a minimum of $1,200,000 in expenditures in the 18-month period following the Effective Date. MacDonald Mines can earn an additional 24% undivided interest by incurring a further $1,000,000 of expenditures on or before the second anniversary of the date the First Option is exercised and the Base Interest is earned, and by making a payment of $100,000 to Noble Mineral (see section 4.0 for further details). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report