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Transaction Announcement Reports
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Project: | Meli | |
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Deposit: | Meli | |
Location: | Ethiopia | |
Commodities: | Gold | |
Date: | 2/24/2020 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 24-2-2020: Sun Peak Metals Corp. announces a Supporting Acquisition report for its Meli deposit at the Meli project. Summary of property in support of acquisition. The authors were commissioned by Sun Peak Metals Corp. to prepare this independent technica | |
Resources: | x | |
CP/QP: | [Overall Report]: Charles J. Greig, Jeffrey D. Rowe (Independent) | |
ABSTRACT: | The authors were commissioned by Sun Peak Metals Corp. to prepare this independent technical review of the geological data from the Meli property and to provide evaluations and recommendations in the context of NI43-101 guidelines. Axum Metals Share Company (Axum) was formed as a jointly owned company, held by Sun Peak Metals Corp. and Ezana Mining Development PLC, to hold and explore the 100 square kilometer Meli property. Axum has undertaken two years of preliminary work in preparation for drill testing in 2020 on its Meli property, located approximately 570 km north of Ethiopia’s capital city of Addis Ababa. Axum’s recent work, plus a compilation of the results of historic exploration work by previous companies has indicated that significant VMS mineral occurrences are present and that there is very good potential to discover economic mineralization on the Property. | |
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