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Osprey Gold Development Ltd.
Summary
| Project: | Goldenville | |
|---|---|---|
| Deposit: | Goldenville | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2017: Osprey Gold Development Ltd. announces a Supporting Acquisition report for its Goldenville deposit at the Goldenville project. Summary of property in support of acquisition. Brandon Macdonald (the “author”), a consulting geologist was retained b | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brandon Macdonald (Independent) | |
| ABSTRACT: | Brandon Macdonald (the “author”), a consulting geologist was retained by Osprey Gold Development Ltd (“Osprey”, or the “Company”) to author this independent technical report on the Goldenville Property (the “Property”) in compliance with National Instrument 43-101: Standards of Disclosure for Mineral Projects. This report summarizes the history of mining and exploration on the Property and suggests an ongoing plan for further work. The Goldenville Property consists of 3 mineral titles totalling approximately 970 ha in northeastern peninsular Nova Scotia. The Property is under option to Crosby Gold Ltd. which retains the right to earn a 100% interest in the claims subject to certain royalties. Pursuant to an LOI dated November 23rd, 2016, Osprey proposes to acquire all issued and outstanding shares of Crosby, upon completion of which Crosby will become a wholly owned subsidiary. The Property demonstrates potential for further gold mineralization and it is the Author’s opinion that further work be undertaken on the Property. A phased approach to further exploration is described in section 26 and includes a thorough evaluation and reinterpretation of available historic data to describe mineralization controls within the central known zones on the property as well as potential extensions both along strike and down dip. The finding and interpretations from this program would be tested by an initial 3,000m drill program for verification. | |
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