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Transaction Announcement Reports
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Project: | Shire | |
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Deposit: | Shire | |
Location: | Ethiopia | |
Commodities: | Gold-Silver-Copper-Zinc-Lead | |
Date: | 2/24/2020 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 24-2-2020: Sun Peak Metals Corp. announces a Supporting Acquisition report for its Shire deposit at the Shire project. Summary of property in support of acquisition. The authors were commissioned by Sun Peak Metals Corp. to prepare this independent techni | |
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 Shire property and to provide evaluations and recommendations in the context of NI43-101 guidelines. Sun Peak has undertaken two years of preliminary work on its 885 square kilometer Shire property in northern Ethiopia in preparation for drill testing in 2020. The Property is approximately 590 km north of Ethiopia’s capital city of Addis Ababa. It consists of three concessions, two that are owned 100% by the Company and one in which the Company may acquire 70% interest. Sun Peak’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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