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Rizal Resources Corp.
Summary
| Project: | T Boli | |
|---|---|---|
| Deposit: | T Boli | |
| Location: | Philippines | |
| Commodities: | Gold | |
| Date: | 3/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-3-2018: Rizal Resources Corp. announces an Exploration/Drilling Update report for its T Boli deposit at the T Boli project. Summary of exploration completed on property. This report was prepared for Rizal Resources Corporation (“Rizal” or “the Company” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Olsen (Independent) | |
| ABSTRACT: | This report was prepared for Rizal Resources Corporation (“Rizal” or “the Company”), a company incorporated in British Columbia, Canada and listed on the TSX Venture Exchange (“TSXV”). The report is a summary of available information at the T’Boli Gold-Silver Project (“T’Boli Project” or “the Project”) the main project within the T’Boli Property “T’Boli Property” or “the Property”), up to the effective date of the report. There is no current Mineral Resource or Mineral Reserve estimate for the T’Boli Project or for the broader T’Boli Property and the focus of the current activities by the Company is on gathering geological information for the purpose of completing a new Mineral Resource estimate. The business objective of the Company is to complete the work necessary to permit the evaluation of a commercial production decision. There is no guarantee that future exploration will result in the establishment of a Mineral Resource or Mineral Reserves in quantities large enough to justify an economically viable project. Any production in the absence of a feasibility study and associated Mineral Reserves demonstrating economic and technical viability is associated with an increased risk of failure of the mining operation due to increased uncertainty of results. The author, Steven Olsen, is an independent “Qualified Person” as is defined in NI 43-101 and has experience with regard to the exploration, discovery, definition and mining of complex gold deposits similar to the T’Boli Project. | |
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