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Richmond Minerals Inc.
Summary
| Project: | Oberzeiring | |
|---|---|---|
| Deposit: | Oberzeiring | |
| Location: | Austria | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/15/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2020: Richmond Minerals Inc. announces a Supporting Acquisition report for its Oberzeiring deposit at the Oberzeiring project. Summary of property in support of acquisition. This technical report was prepared by Dr. Vadim Galkine (the “Author”) for R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Vadim Galkine (Independent) | |
| ABSTRACT: | This technical report was prepared by Dr. Vadim Galkine (the “Author”) for Richmond Minerals Inc. to evaluate the exploration potential of the Oberzeiring Polymetallic Property, Austria. This report provides details of land tenure, a summary of historical exploration and development work, and descriptions and analyses of geology, geophysics and assay data. Recommendations for further exploration work are also provided. According to a letter of understanding (“Letter of Understanding”) between Richmond Minerals Inc. (the “Purchaser”) and Silbermine Zeiring GmbH as a subsidiary of Aurex Biomining AG (the “Vendor”) whereby the Purchaser and the Vendor enter into a definitive purchase agreement (the “Purchase Agreement”) allowing the Purchaser to acquire a 100% interest in a contiguous group of 99 mining (as set out in the Appendix) claim units referred to the Oberzeiring Polymetallic Property (the “Property”) located in Styria region of Austria (the “Proposed Transaction”). The execution of the definitive agreement shall take place on or before September xx, 2019 (the “Termination Date”) unless the parties otherwise agree (“Letter of Understanding” can be found in Appendix). The historical mining district of Zeiring with the overlaying SMZ-held concessions is located in Upper Styria (Steiermark), part of the Styrian Province of Austria. | |
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