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Raindrop Ventures Inc.
Summary
| Project: | Clover Mountain | |
|---|---|---|
| Deposit: | Clover Mountain | |
| Location: | United States | |
| Commodities: | Silver-Gold-Copper-Zinc | |
| Date: | 8/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-8-2019: Raindrop Ventures Inc. announces a Supporting Acquisition report for its Clover Mountain deposit at the Clover Mountain project. Summary of property in support of acquisition. Raindrop Ventures Inc. ("Raindrop") has entered into a purchase agre | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Robb (Independent) | |
| ABSTRACT: | Raindrop Ventures Inc. ("Raindrop") has entered into a purchase agreement with Daniel Kunz and Associates, LLC ("DKA") to purchase the Clover Mountain property for 6,843,900 common shares of Raindrop. The Clover Mountain Property is located on Bureau of Land Management land some 60 air miles southeast of Boise, Idaho. The property forms an irregular rectangular shape and consists of 43 unpatented claims totaling 860 acres. The property is located near Grandview, Idaho and is accessible by asphalt and gravel roads. The property is underlain by hydrothermally-altered, fractured, and brecciated intrusive igneous and extrusive volcanic rocks with elevated gold and related silver-arsenic-antimony-mercury-mineralization. In 2008 and 2009 Thunder Mountain completed a soil geochemical program consisted collecting 215 soil samples. The sampling was conducted on 200’ x 200’ grid spacing and defined two northeast trending soil anomalies with gold values ranging from 0.020 ppm to 0.783 ppm Au. This gold anomalous area is approximately 2500’ in length and approximately 750’ in width Other anomalous trends were defined in silver with values 0.02 ppm to 1.19 ppm. In addition to the soil geochem, rocks samples collected on the property returned values up to 1.985 g/t gold, 19.95 g/t silver, 1.25% copper and 1.54% zinc. | |
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