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Prism Resources Inc.
Summary
| Project: | Huampar | |
|---|---|---|
| Deposit: | Huampar | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 1/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-1-2017: Prism Resources Inc. announces a Supporting Acquisition report for its Huampar deposit at the Huampar project. Summary of property in support of acquisition. Mining Plus Peru S.A.C. has been commissioned by Prism Resources Inc. (Prism) to prepa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sean P. Butler (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | Mining Plus Peru S.A.C. has been commissioned by Prism Resources Inc. (Prism) to prepare an independent NI 43-101 compliant report for the Huampar polymetallic project located in the Lima Department of Peru. This report is prepared in return for fees based upon agreed commercial rates and the payment of these fees is in no way contingent on the results of this report. In particular this report is a review of all work completed in the preceding five years from the effective date, an overview of the geological and mining potential of the deposit and recommendations for future work on the deposit. The Huampar polymetallic metal mine is a past producer that operated from 1956 to 1991 and also in the late 1990s to 2000. Historical mining has generally been above the lowest gravity drained level, the 412 level. This report outlines the recommended targeting of exploration diamond drill holes at targets below the 412 level in this brownfield project area. The historical resource/reserve estimates reported on this project have not been validated. The historical resource estimates are characterized as a historical estimate and require further technical work to be upgrade to a Current Resource. | |
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