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Walmer Capital Corp.
Summary
| Project: | Johan Beetz | |
|---|---|---|
| Deposit: | Johan Beetz | |
| Location: | Canada | |
| Commodities: | Feldspar | |
| Date: | 3/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2017: Walmer Capital Corp. announces a Supporting Acquisition report for its Johan Beetz deposit at the Johan Beetz project. Summary of property in support of acquisition. William McGuinty P.Geo., President of OTD Exploration Services Inc. (“OTD”) ha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: William J. McGuinty (OTD Exploration Services Inc.) | |
| ABSTRACT: | William McGuinty P.Geo., President of OTD Exploration Services Inc. (“OTD”) has been engaged by Mr. J. Richardson, President and Chief Financial Officer of Walmer to prepare a Technical Report for a feldspar prospect (herein referred to as the Johan Beetz Feldspar project) east of the village of Baie Johan Beetz, Quebec. The property is owned by Globex Mining Enterprises Inc. (“Globex”). As a recent acquirer of the property, Globex has completed no work on the claims prior to its proposed acquisition by Walmer and Walmer has completed no work in advance of the Effective Date of the agreement. The Johan Beetz Feldspar project offers an accessible and significant exposure of feldspathic pegmatite to consider for re-development as a feldspar producer. A two year exploration budget of $1,050,000 in 2 phases comprised of $450,000 in the first year and $600,000 in the second year is proposed for the initial assessment of the Johan Beetz Feldspar deposit by Walmer. A detailed drilling program and detailed geological and mineralogical study of the property’s feldspar endowment and initial metallurgical test work is recommended. Drilling and surficial sampling in the initial program should deliver adequate volumes of sample materials to enable the completion of the proposed in Phase 2 Phase One metallurgical testing as well as for follow-up optimization studies in advance of industrial scale or feasibility scale evaluation. | |
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