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Polaris Materials Corp.
Summary
| Project: | Black Bear | |
|---|---|---|
| Deposit: | Black Bear | |
| Location: | Canada | |
| Commodities: | Aggregate | |
| Date: | 10/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2016: Polaris Materials Corp. announces a Resource Estimation report for its Black Bear deposit at the Black Bear project. Initial mineral resource estimate for project. On 3 October 2016 Polaris Materials Corporation announced the maiden Mineral Res | |
| Resources: | (Resource): 70Mt (M+I) and 330Mt (Inf.) of Basalt material | |
| CP/QP: | [Resources]: William John Beck (Beck and Associates GeoConsultants Inc.) | |
| ABSTRACT: | On 3 October 2016 Polaris Materials Corporation announced the maiden Mineral Resource estimate for its Black Bear construction aggregate project located approximately 5km from the company’s Orca Quarry on Vancouver Island, British Columbia. The resource estimate includes Measured and Indicated Resources of 70 million tonnes and Inferred Resources of 330 million tonnes of basalt material suitable to be processed for use in construction aggregates. The Mineral Resource estimate is constrained within three conceptual pit shells, identified as Phase I, Phase II and Phase III. The Phase I pit shell represents the initial area targeted for development work and is situated on the west part of the Black Bear licence. Pit shells for Phase II and Phase III are located east of the Phase I and were based on similar considerations to the Phase I conceptual pit. | |
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