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Prospector Resources Corp.
Summary
| Project: | Kalzas | |
|---|---|---|
| Deposit: | Kalzas | |
| Location: | Canada | |
| Commodities: | Tungsten | |
| Date: | 11/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-11-2016: Prospector Resources Corp. announces a Supporting Acquisition report for its Kalzas deposit at the Kalzas project. Summary of Kalzas property to support submissions to TSX-V. This report was prepared for Prospector Consolidate Resources Inc., | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Allan Doherty (Aurum Geological Consultants Inc.) | |
| ABSTRACT: | This report was prepared for Prospector Consolidate Resources Inc., to support filings with the TSX Venture exchange to reactivate the company. R. Allan Doherty, P. Geo., was retained by to provide a technical report on the Kalzas Tungsten property to review and report on all data and to support submissions to the TSX Venture Exchange. This report provides a current report on the property required to close this transaction. Prospector Resources Corp., optioned the Kalzas tungsten-tin-silver property in July 2007 from Copper Ridge Explorations Inc. Prospector Resources Corp completed a 5 hole drill program in 2008 with positive results and signed a Purchase Agreement with Redtail Metals Corp in 2012 and has held the property continuously since. The deposit was discovered in 1978 and optioned to Union Carbide Corporation in 1981 during a period of high tungsten prices. From 1981 to 1984, Union Carbide carried out a program of geological mapping, soil, talus and rock sampling, airborne geophysics, bulldozer road building and trenching. This work was followed by the drilling of two diamond drill holes. The Union Carbide work confirmed the presence of a large zone of porphyry-style quartz vein and stockwork tungsten mineralization at the western end of Kalzas peak. With the significant drop in tungsten prices in the early 1980’s, Union Carbide dropped their option. | |
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