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Transaction Announcement Reports
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Project: | Toiyabe | |
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Deposit: | Toiyabe | |
Location: | United States | |
Commodities: | Gold | |
Date: | 5/18/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 18-5-2018: Starcore International Mines Ltd. announces an Exploration/Drilling Update report for its Toiyabe deposit at the Toiyabe project. Summary of property and recommendations for further work. Starcore International Mines, Ltd. (Starcore) has reques | |
Resources: | (not mentioned in this report) | |
CP/QP: | [Overall Report]: Paul Noland (Independent) | |
ABSTRACT: | Starcore International Mines, Ltd. (Starcore) has requested an updated technical report for their Toiyabe Property in Lander County, Nevada (the property, or Toiyabe). The Toiyabe property is currently under option to Golden Oasis Exploration Corp. (Golden Oasis) has the right to earn a 100% interest in the Toiyabe Project from MinQuest Ltd. (MinQuest), a private Nevada based company, subject to certain conditions and obligations. Golden Oasis is in turn fully owned by Starcore. Golden Oasis acquired the property from in 2005. This report represents an updated, or appended report of the 2009 technical report and resource calculation (Noland, 2009). This report does not include an updated resource estimation. The Toiyabe Project is approximately 78 miles south-southwest of Elko, Nevada and is located only six miles south of Barrick’s Cortez Hills gold discovery and approximately 8 miles southwest of Barrick's Goldrush discovery. These projects are currently in production or preproduction development and are similar in geologic setting and host rock to the Toiyabe project. Toiyabe consists of approximately 3300 acres of public land administered by the U. S. Bureau of Land Management (BLM). These 3300 acres are covered by 165 unpatented Mining claims (see Appendix A). These claims lie wholly or in part in Sections 1 and 12, T25N, R46E, Sections 6 and 7, T25N, R47E, Section 36, T26N, R46Eand Section 31, T26N, R47E,of the Mount Diablo Base and Meridian (MDB&M) in Lander County, Nevada. | |
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