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Palisades Ventures Inc.
Summary
| Project: | Hurricane | |
|---|---|---|
| Deposit: | Hurricane | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-6-2017: Palisades Ventures Inc. announces a Supporting Acquisition report for its Hurricane deposit at the Hurricane project. Amended report summarising property in support of acquisition. At the request of Palisades Ventures Inc. (“Palisades”), the au | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul D. Noland (Independent) | |
| ABSTRACT: | At the request of Palisades Ventures Inc. (“Palisades”), the author was commissioned to prepare a geological report on the Hurricane property (“Property”) of 1027344 B.C. Ltd. (“1027344 B.C.”) for the TSX Venture Exchange in connection with a reverse takeover transaction of Palisades. This technical report (“Technical Report”) has been prepared to comply with the disclosure and reporting requirements set forth in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Companion Policy 43-101CP and Form 43-101F1. The effective date of this Technical Report is May 25, 2017. The Property consists of 6 unpatented mineral claims (120 acres) located in the Shoshone Range of Northern Lander County in Nevada, USA. The Property is located in Sections 30 and 19, Township 30 N, Range 46 E in Lander County. 1027344 B.C. has a right to lease the claims comprising the Property pursuant to a minerals lease and agreement with Nevada Eagle LLC, a Nevada Corporation (“Nevada Eagle”) (subsequently assigned to Nevada Select Royalty, Inc. (“Nevada Select”)), dated February 13, 2015, as amended on February 13, 2016, March 14, 2017 and April 27, 2017 (the “Lease Agreement”). Details of the agreement are given below. This Property lies entirely within sandstones and siltstones of the Silurian Elder Formation. Mineralization is confined to shear zones within the Elder Formation. However, no deeper drilling has been completed to test whether these shear zones may penetrate more receptive carbonate stratigraphy below the Elder. | |
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