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PowerOre Inc.
Summary
| Project: | Mann | |
|---|---|---|
| Deposit: | Mann | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Cobalt | |
| Date: | 4/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-4-2018: PowerOre Inc. announces an Exploration/Drilling Update report for its Mann deposit at the Mann project. report summarizing property and recommended exploration program. Spaho Mineral Exploration and Consulting Inc. (SMEC) was asked by PowerOre | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mehmet Spaho (Spaho Minerals Exploration and Consulting Inc.) | |
| ABSTRACT: | Spaho Mineral Exploration and Consulting Inc. (SMEC) was asked by PowerOre Inc.(PowerOre), to prepare an Independent Technical Report on the Mann Property (the Property) in Ontario. The purpose of this Report is to summarise the history of results on the Property, present the geology and a geological model of the mineralization found therein, discuss the most recent exploration and drilling program by the previous property owner and to provide recommendations for further exploration of the Mann Property. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). Property Location, Description and Ownership Status The Mann property is located in Milner Township, approximately 5 km southwest of the town of Gowganda in the Larder Lake Mining Division of northeastern Ontario. A 6 km forest access road connects the property with Highway 560. This is about 280 km by road north of Sudbury, along Highways 144 and 560. The Mann property consist of 18 contiguous unpatented mining claims, containing 59 claims units and covering approximately 852.5 ha. The Mann Property along with the MacMurchy claims, another small property located in the Gowganda area, was acquired 100% by PowerOre from a spin-out form its parent, Premet Inc., a wholly-owned subsidiary of Orefinders Resources Inc. in return for 11 million shares of PowerOre Inc. Premet purchased the Mann and MarMurchy properties in 2017 from Dundee Sustainable Technologies Inc. which was created from the three-legged algamation of companies including Creso Exploration Inc. which acquire the current Mann Property from a combination of an option on two claims and the staking of an additional 16 contiguous claims. The claims are subject to a number royalties described in this report but are otherwise free from any other liens The Mann Property is in good standing and has excess assessment credits for more than 5 years. | |
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