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NQ Exploration Inc.

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Summary

Project:

Crater Lake

Deposit:Crater lake
Location:Canada
Commodities:Scandium-Niobium-Rare Earth
Date:11/24/2017
Report Code:NI43-101
Report Type:Supporting Acquisition
Project Stage:Pursuing Resources Definition
Report details:24-11-2017: NQ Exploration Inc. announces a Supporting Acquisition report for its Crater lake deposit at the Crater Lake project. Technical report of the property. Peak Mining Corporation (Peak Mining) is a privately held and Toronto-based mineral resourc
Resources:x
CP/QP:[Overall Report]: Paul Daigle (P. Daigle Consulting Services)
ABSTRACT:Peak Mining Corporation (Peak Mining) is a privately held and Toronto-based mineral resource company. Peak Mining is a junior exploration company focused on the exploration and development of the Crater Lake scandium-niobium-rare earth elements (Sc-Nb-REE) Project (Project); formerly known as the Misery Lake Project. NQ Exploration Inc. (NQ Exploration) is a Canadian-registered resource company publicly- listed on the TSX Venture Exchange (TSXV). NQ Exploration maintains several exploration properties in Québec for polymetallic and gold deposits. As of the date of this report, NQ Exploration was subject to two separate reverse takeovers by Peak Mining and AM Resources SAS (AMSAS) a Colombian coal exploration company and private third party. Two new, independent companies will be formed upon completion of the reverse takeover. Imperial Mining Group Ltd., one of the subject companies in this report, will be the beneficial owner of NQ Exploration’s Quebec base metal and gold properties and Peak’s Crater Lake project. The following technical report is on the Crater Lake Sc-Nb-REE Project (Project). Peak Resources has requested an update to the NI 43-101 technical report to reflect the new name of the project and ownership. The Crater Lake Property (Property) is located in northern Québec, Canada, approximately 200 km east-northeast of Schefferville, QC. Prior to 2017, the Crater Lake Project was named the Misery Lake Project. All reports written prior to 2017 are described as the Misery Lake Project. For clarity, the Crater Lake Project and Misery Lake Project represent the same project.

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