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Minsud Resources Corp.
Summary
| Project: | Chita Valley | |
|---|---|---|
| Deposit: | Chita Valley | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 2/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2018: Minsud Resources Corp. announces a Resource Estimation report for its Chita Valley deposit at the Chita Valley project. Upgraded mineral resource estimate at project. Minsud Resources Corp. (“Minsud” or the “Company”) retained P&E Mining Consult | |
| Resources: | (Resource): 33.02Mt @ 0.43% Cu (Ind.) and 8.59Mt @ 0.40% Cu (Inf.) | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Minsud Resources Corp. (“Minsud” or the “Company”) retained P&E Mining Consultants Inc. (“P&E”) to complete an independent National Instrument 43-101 (“NI 43-101”) compliant Technical Report and Mineral Resource Estimate on the Chita Deposit on the Chita Valley Property (the “Property”), located in the San Juan Province of Argentina. The Mineral Resource Estimate considers copper as a primary consideration along with molybdenum, gold and silver mineralization at the Chita Deposit that is potentially amenable to surface mining. The Chita Property covers 17,422.65 hectares (174 km2 ) and consists of seven contiguous properties: the Brechas Vacas, Chita and Minas de Pinto mining concessions or Minifestaciones de Descubrimiento (8,514.24 ha); and four exploration permits or Cateos, Chita Este (4,490.77 ha), Brechas Vacas Oeste (1,232.15 ha), Chita Norte (1,881.31 ha), Chita Sur (1,304.18 ha). The Company, through its affiliate MSA owns 100% of the Chita Property and the four adjacent claims (Chita Este, Brechas Vacas Oeste, Chita Norte, Chita Sur). Minsud is also the beneficial owner of a 50% interest in the trusts that own 100% of the Brechas Vacas Property and the Minas de Pinto Property, while the remaining 50% beneficial interest in each of these properties is subject to an exclusive and irrevocable purchase option agreement granted in favour of MSA. All required payments and terms as per the various ownership agreements are up to date. The Chita Valley Property is located within the eastern part of the mountain range known as the Andean Frontal Cordillera. The Palaeozoic basement of the Andean Frontal Cordillera is exposed out on its easternmost margin, where it meets the Rodeo-Calingasta basin. Based on surface outcrop and drill core observations, the Chita Valley Complex includes at least five episodes of Tertiary intermediate to felsic epizonal intrusive activity. The principal target types sought in the Chita Valley area are porphyry Cu-Mo-Ag-Au and epithermal gold (± Ag and base metals) mineralization. | |
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