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Oceanus Resources Corp.
Summary
| Project: | El Tigre | |
|---|---|---|
| Deposit: | El Tigre | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 6/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-6-2016: Oceanus Resources Corp. announces a Supporting Acquisition report for its El Tigre deposit at the El Tigre project. Re-filing of PFS for property due to recent acquition of El Tigre Silver Corp. by Oceanus Resources. El Tigre Silver Corp. (ETS) | |
| Resources: | (Reserve, P+P): 1.294Mt @ 83.0g/t Ag, 0.279g/t Au (99.8g/t AuEq.) at El Tigre | |
| CP/QP: | [Resources]: Zachary J. Black (Hardrock Mining Consulting LLC) | |
| ABSTRACT: | El Tigre Silver Corp. (ETS) retained Hard Rock Consulting LLC (HRC) to complete a Preliminary Feasibility Study (PFS) for the El Tigre Silver project (El Tigre) in the state of Sonora, Mexico. ETS is a Canadian company listed on the TSX Venture Exchange. ETS controls 100% interest in El Tigre. The PFS is based on the stimated mineral resources and reserves contained within the onsite tailings material. The PFS is intended to provide a comprehensive technical and economic analysis of the selected development option for the reprocessing of the tailings material, and to document the estimated in-situ mineral resources from the historic El Tigre Mine. This study includes detailed assessments of realistically assumed mining, processing, metallurgical, economic, legal, environmental, social, and other relevant considerations needed to demonstrate the economic viability of El Tigre. All data and interpretations are based on information available prior to the effective date of this report, June 1, 2013. | |
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