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Prize Mining Corp.
Summary
| Project: | Kena | |
|---|---|---|
| Deposit: | Kena | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 2/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2017: Prize Mining Corp. announces a Supporting Acquisition report for its Kena deposit at the Kena project. Summary of property in support of acquisition. Prize Mining Corporation (Corp.) (Prize) headquartered in Calgary, BC, has engaged Vivian Park | |
| Resources: | (Resource, M+I): 25.28Mt @ 0.60g/t Au for 490000oz Au contained at project | |
| CP/QP: | [Overall Report]: Vivian Park (VPG Geoscience) | |
| ABSTRACT: | Prize Mining Corporation (Corp.) (Prize) headquartered in Calgary, BC, has engaged Vivian Park, P. Geo, of VPG Geoscience, in Kamloops, British Columbia (BC), to update the technical report for the Kena Project as a requirement for reactivation and graduation. Ms. Park is a qualified person as defined in National Instrument 43-101 (NI 43-101), and is independent of Prize. This report is to comply with disclosure and reporting requirements set forth in NI 43-101, Standards of Disclosure for Mineral Projects, and in accordance with Form 43-101F1. Prize entered into a pre-acquisition agreement (the Pre-acquisition Agreement) with 1994854 Alberta Ltd. (199) pursuant to which Prize has agreed to make an offer to acquire all of the outstanding shares of 199 on a one-for-one share exchange basis (the 199 Acquisition). 199 is a private Alberta company. 199 entered into an option agreement (the Option Agreement) with Apex Resources Inc. (TSXV: APX) (Apex) pursuant to which 199 has an option to earn an 80% interest in Apex's Kena and Daylight Gold-Copper Properties (the Kena Project) located in the Nelson area of British Columbia, Canada by making annual cash and share payments and completing $3,000,000 in Kena Project related exploration expenditures over four years (the Option). 199 does not have any interests in any other mining assets. See Item 4 Property Description and Location below for additional information regarding the 199 Acquisition and the Option. | |
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