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San Angelo Oil Ltd.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 10/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2017: San Angelo Oil Ltd. announces a Supporting Acquisition report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Summary of property in support of acquisition. At the request of Dr. Alan Carter, President and Chief Executive Officer of Cabral | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Terrence Hennessey, Thomas Stubens, Richard Gowans (Internal) | |
| ABSTRACT: | At the request of Dr. Alan Carter, President and Chief Executive Officer of Cabral Gold Ltd. (Cabral), and in connection with the proposed reverse takeover of San Angelo Oil Limited (San Angelo) by Cabral (the “Business Combination”), Micon International Limited (Micon) has undertaken an independent technical review of the mineral exploration completed on the Cuiú Cuiú gold property in the Tapajós region of Pará State, North-Central Brazil for San Angelo. The Cuiú Cuiú project was formerly controlled by Magellan Minerals Ltd. (Magellan) which completed a mineral resource estimate and Technical Report under Canadian National Instrument 43-101 (NI 43-101) dated April 19, 2011 and filed on SEDAR on April 21, 2011. The estimate was prepared by Pincock Allen & Holt (PAH). Since the completion of the 2011 mineral resource estimate, approximately 22,000 m of additional drilling on several targets is reported to have been performed by Magellan. This drilling and its results are described in this report. In this new report for San Angelo, the project’s 2011 mineral resources are presented as historic mineral resources as described in NI 43-101. This Technical Report under NI 43-101 has been prepared to describe a material property in connection with the Business Combination and San Angelo’s listing as a Tier 2 issuer on the TSX Venture Exchange. It is understood that it will be used as a qualifying report to support the transaction. | |
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