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Ubique Minerals Ltd.
Summary
| Project: | Daniels Harbour | |
|---|---|---|
| Deposit: | Daniels Harbour | |
| Location: | Canada | |
| Commodities: | Zinc | |
| Date: | 1/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2020: Ubique Minerals Ltd. announces a Supporting Acquisition report for its Daniels Harbour deposit at the Daniels Harbour project. Amended report - technical summary of property. This report has been revised twice to comply with regulatory requirem | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Elliot Stuckless (Independent) | |
| ABSTRACT: | This report has been revised twice to comply with regulatory requirements but is still the technical report filed with an effective date of December 1st, 2017. The original report outlined a three phase program in the recommendations section (Section 26) which has been condensed to a two phase program in the first revised version of the report. In the second revision various corrections were made to the text in places where it was inconsistent with 43-101F1 requirements. The Daniel’s Harbour Property consists of 7 mineral licences (22337M, 25085M, 25179M, 25180M, 25497M, 25539M & 25555M) comprised of 108 map-staked claims, covering a total area of 27km2 . One license (22337M) is located west of and separate from the other 7 licenses which are contiguous. The licenses encompass mineral rights but not surface rights. The property is located on NTS map sheet 12I/06, approximately 10 kilometers northeast of the small community of Daniel’s Harbour on Newfoundland’s Northern Peninsula. The property lies just off of Route 430N, a paved road which joins the TransCanada Highway (TCH – Route 1) at the town of Deer Lake. The Daniel’s Harbour area first came to prominence in 1963 when prospectors were performing reconnaissance stream geochemistry, looking for lead and zinc deposition in carbonate rocks (i.e. Mississippi Valley-Type deposits). A significant anomaly led two prospectors to the edge of what would become known as Zinc Lake and the “A” zone was discovered. By the mid-1970s Leitch Gold Mines, the primary project operator during that time, had completed a feasibility study on the property and reported an estimated (non43-101 compliant) minable ore reserve 4,451,000 tons at an average grade of 8.78% Zn (Billheimer, 1974). Mining began in 1975 with Teck Resources as majority owner and operator. Initial production was at a rate of 1500 tons/day and continued until operations ceased in the early 1990s; during this period the reported production was 7,225,375 tons at an average grade of 7.93% Zn (Caines, 1990). | |
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