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Slave Lake Zinc Corp.
Summary
| Project: | O'Connor Lake | |
|---|---|---|
| Deposit: | O'Connor Lake | |
| Location: | Canada | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 8/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: Slave Lake Zinc Corp. announces a Supporting Acquisition report for its O'Connor Lake deposit at the O'Connor Lake project. Summary of property to support CSE listing. This report was commissioned by Slave Lake Zinc Corp. (the “Company”) and wa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gary Vivian (Aurora Geosciences Ltd.) | |
| ABSTRACT: | This report was commissioned by Slave Lake Zinc Corp. (the “Company”) and was prepared by Gary Vivian, M.Sc., P.Geol. The author is a “qualified person” and “independent” of the Company within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The author was asked to undertake a review of the available data and recommend (if warranted) further work on the O’Connor Lake property (the “Property”). The purpose of this report is to support the Company’s non-offering prospectus for listing on the CSE as part of a qualifying transaction which will result in the acquisition of the O’Connor Lake property by the Company. The property comprises one surveyed mineral lease covering approximately 465 acres (188.18 hectares). The MWK claim lies on the east shore of O’Connor Lake on NTS claim sheet 75E05, about 195 kilometres southeast of Yellowknife, NWT. The mineral lease is registered in the name of Slave Lake Zinc Corp. and is in good standing until September 15, 2038. Documentation and fees have been filed to take the MWK claim to lease which would allow the continuation of ownership for an additional 21 year term. The MWK claim was acquired by the Company pursuant to a mineral property acquisition agreement dated for reference February 7, 2017 among the Company as purchaser, Jaskarn Singh Rai, Ritchie John Wigham, Glen Colin Macdonald and Max Braden as vendors (the “Vendors”) and 1089621 B.C. Ltd. as royalty holder (the “Royalty Holder”). Each of the Vendors is a founder and director of the Company and was a director of the Company at the time of entering into the Acquisition Agreement. Pursuant to the Acquisition Agreement, the Company acquired a 100% right, title and interest in and to the Property, subject to a 3.5 net smelter returns royalty (the “Royalty”) in favour of the Royalty Holder, by making a cash payment of one dollar ($1.00) to each of the Vendors. Following transfer of the MWK claim to the Company on March 28, 2017, the Company is the beneficial and registered owner of a 100% interest in and to the O’Connor Lake Project subject to the Royalty. | |
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