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Scientific Metals Corp.
Summary
| Project: | Iron Creek | |
|---|---|---|
| Deposit: | Iron Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2017: Scientific Metals Corp. announces a Supporting Acquisition report for its Iron Creek deposit at the Iron Creek project. Summary of property in support of acquisition. Desmond Cullen, P.Geo, of Kaministiquia, Ontario was contracted by Scientific | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Desmond Cullen (Independent) | |
| ABSTRACT: | Desmond Cullen, P.Geo, of Kaministiquia, Ontario was contracted by Scientific Metals Corp. (“STM”), to review historic data for the Iron Creek Property (the “Property”), identify its merits, propose an appropriate exploration program and budget for gold exploration on the property, and prepare a Technical Report (the “Report”) compliant with NI 43-101 and suitable for the purposes of a financing document for STM. The Property is located about 29 kilometres (18 miles) southwest from Salmon, Idaho, and encompasses 137 acres in seven patented lode mining claims, and 1131 acres in 58 unpatented claims, totalling 1,268 acres. The unpatented claims (100%) are held in good standing by Idaho Cobalt Co. of Boise Idaho, a wholly owned subsidiary of STM. STM has entered into an arm's-length letter agreement with Chester Mining Company (OTC: CHMN) providing STM with exclusive rights to enter into a lease agreement with an option to acquire a 100- per-cent interest in the patented claims. The Iron Creek project lies within the Blackbird copper-cobaltdistrict, within the most prolific trend of cobalt mineralization in the U.S., the Idaho Cobalt Belt. The property shares similar geology and structure with other deposits in the 40- mile-long Belt, including the Blackbird mine and the proposed Idaho Cobalt Project of e-Cobalt Solutions. | |
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