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Mongoose Mining Ltd.
Summary
| Project: | Chu Chua | |
|---|---|---|
| Deposit: | Chu Chua | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Silver-Gold | |
| Date: | 6/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-6-2019: Mongoose Mining Ltd. announces a Supporting Acquisition report for its Chu Chua deposit at the Chu Chua project. Updated technical report in support of acquisition. The Chu Chua Gold Property consists of 10 contiguous claims totalling 909.5 hec | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Thompson (RIT Minerals Corp.) | |
| ABSTRACT: | The Chu Chua Gold Property consists of 10 contiguous claims totalling 909.5 hectares and located 16 km northeast of the town of Barrier, British Columbia. The property is hosted by metamorphosed sedimentary and volcanic rocks belonging to the mid to late Paleozoic Eagle Bay Assemblage and Fennell Formation, a poly-metallic mineral-prone assemblage of rocks deposited in one or more basins formed during continental margin extension. Past producing mines (e.g., Samatosum) and one advanced project through feasibility (Harper Creek) are testament to the metal endowment of this geological setting. Mongoose Mining Ltd. (the “Company”) has entered into an agreement with the Property owners K. Ellerbeck and G. Locke (the “Optionors”) whereby it may earn a 100% interest in the Property by completing certain cash payments, share transfers and exploration work that qualifies for assessment purposes with the British Columbia Ministry of Energy, Mines and Petroleum Resources. The Company wishes to list as a public company on the Canadian Securities Exchange and requires a technical assessment of the Property that complies with standards set out in National Instrument 43-101. | |
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