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Transaction Announcement Reports
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Project: | McConnells Jest | |
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Deposit: | McConnells Jest | |
Location: | Canada | |
Commodities: | Gold-Silver | |
Date: | 4/6/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 6-4-2017: Zonte Metals Inc. announces a Supporting Acquisition report for its McConnells Jest deposit at the McConnells Jest project. Summary of property in support of acquisition. The McConnells Jest property, located in the central Yukon, lies 65 km nor | |
Resources: | x | |
CP/QP: | [Overall Report]: Andrew P. Randell (Strata GeoData Services) | |
ABSTRACT: | The McConnells Jest property, located in the central Yukon, lies 65 km northeast of Mayo, Y.T. A series of upgrades to the access to the property were conducted during summer 2016, primarily through the creation of direct road access to the property by the Yukon Government. This road has a number of culverts and a bridge, the Cristal Creek Bridge, which is rated to carry up to 20 tonnes of load. This road would allow the transportation of heavy equipment, including drilling equipment, directly to the property. Additionally, during the summer 2016 field season, a number of helicopter landing pads were cleared near areas of geological interest and access points. Helicopter access to the property takes around 25 minutes from the Mayo airstrip. Several cost-effective strategies to advance the understanding of the property are proposed, including geological mapping, a targeted drilling program, and on-going environmental surveys. It is the authors opinion that the McConnells Jest property exhibits exploration potential for gold and possibly silver mineralisation, and that the evidence gathered thus far is indicative of an intrusion related gold system. On November 17, 2016, Bill Koe-Carson granted Zonte Metals Inc. the option to purchase a 100% interest in the project by making payments of $150,000 over three years and 1.5 Million common shares over two years. The claims are subject to a 3% NSR, 2/3rds of which can be purchased for $2,000,000. | |
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