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Aldershot Resources Ltd.
Summary
| Project: | Haultain | |
|---|---|---|
| Deposit: | Haultain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2016: Aldershot Resources Ltd. announces a Supporting Acquisition report for its Haultain deposit at the Haultain project. Technical report supporting acquistion of new mining claims. Aldershot Resources Inc. is a public company currently listed on t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lorne D Burden, Pizye Mutukwa Nankamba (Independent) | |
| ABSTRACT: | Aldershot Resources Inc. is a public company currently listed on the TSX Venture Exchange NEX trading board (ALZ.H). Aldershot is actively carrying on business and pursuing opportunities to increase shareholder value and return to the main TSX Venture Exchange trading board. In April of 2016, Aldershot Resources Inc. executed a binding letter of intent to enter into an option agreement with Transition Metals Corp. (TSX-V: XTM) (“Transition”) to acquire up to a 75% interest in Transition’s Haultain Property located in Gowganda Ontario, approximately 75 kilometres southwest of Kirkland Lake Ontario. Transition Metals Corp., have been actively exploring the Haultain Property since July 2010 incurring exploration expenditures totaling $1,022,000. Work completed includes geological mapping and sampling, stripping and trenching, geophysical and geochemical surveys, and diamond drilling. The results of this work provides evidence for the presence of a structurally complex gold bearing system associated with multi-phase syenitic dykes meriting additional exploration. In 2011, Transition Metals engaged T.R. Hart P. Geo to prepare a technical report regarding the Haultain project compliant with the requirements of NI 43-101. This report prepared in accordance with NI 43-101 was commissioned by Aldershot Resources Ltd to update the Hart (2011) report with subsequent events. Aldershot, intends to pursue upgrading their listing from the NEX Board onto the Toronto Venture Exchange, and conduct additional work on the Property based on the recommendations contained in this report. The Property consists of 34 unpatented mining claims registered 100% to Transition Metals, which were either acquired pursuant to an option agreement with S. Swain, dated July 1, 2010 or by staking, and one additional claim subject to a pending proceedings declaration. All claims are in good standing with the Ontario Ministry of Northern Development, Mines as of the effective date of this report. | |
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