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Veta Resources Inc.
Summary
| Project: | Joy East | |
|---|---|---|
| Deposit: | Joy East | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2019: Veta Resources Inc. announces a Supporting Acquisition report for its Joy East deposit at the Joy East project. Summary of property in support of option agreement. Located 125 kilometers south of Santiago and approximately 45 kilometers northwe | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Henricksen (Independent) | |
| ABSTRACT: | Located 125 kilometers south of Santiago and approximately 45 kilometers northwest of Talca, Region VII Chile, the JOY East property (“JOY East Property”) is located near the towns of Licanten and Hualane in the Province of Curico. The JOY East Property is comprised of 5 individual mining exploitation licenses (mensura) which total 1,056 hectares which are owned by two Chilean individuals (“Property Owner”). In February 2018 Veta Resources Inc. (“Veta” or “the Company”) signed a Letter of Intent (“Joy East Option”) with the two Chilean individuals that specifies the agreed terms for Veta to earn-into the properties. The author was retained by Veta to complete a NI 43-101 Technical Qualifying Report in regard to the JOY East Property in Region VII of Chile. This Technical Report is conformable to NI 43-101 Standards of Disclosure for Mineral Projects. The author visited the JOY East Property from July 17 to July 21, 2018. The JOY East Property is situated within the Cordillera de la Costa (Coast Range) which occurs along the western margin of Chile south of Santiago. The range is comprised of a mix of intrusives, metasediments and volcanic rocks of Mesozoic-age that forms a Belt that is at least 60km in width and that extends along the western margin for much of central Chile. These rocks host a series of structurally-controlled quartz veins and breccias which can contain significant polymetallic gold-silver mineralization. The veins are hosted within and adjacent to a texturally variable, 2 mica, granitic intrusion of unknown age. | |
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