1844 Resources Announces Filing of NI 43-101 Technical Report for Its Native Copper Project
11 Mayo 2021 - 8:02AM
1844 RESOURCES LTD. (TSX-V:EFF) (the
“
Company” or
“1844”) , announces
further to its News Release dated April 22, 2021, that the Company
has filed the National Instrument 43-101 technical report titled
“Technical Report, Pertaining to: The Native Copper Project, Gaspe
Peninsula, Quebec” dated effective April 15, 2021 prepared by Yvan
Bussière, P. Eng which will be available under the Company’s
profile on the Sedar website (www.sedar.com).
The project, which is accessible by forestry
roads and is situated on the south portion of the Gaspe Peninsula,
was first acquired through a prospector in 2019. Following
our initial due diligence on the original 36 claims, the company
acquired an additional 120 claims through staking. The project is
part of the Mont Alexandre syncline, associated with an important
metallotect volcanic horizon portion of the Lake McKay Member,
which lies within the greenstone belt present in the Gaspe
Peninsula. The property has returned values ranging from 0.15% Cu
in drilling to 5.38% Cu. The technical NI 43-101 of the property
was commission to determine our exploratory and drilling plan for
2021-22.
Observation of the mineralization on the Native
Copper project indicates that it is similar to the native copper
orebodies of the Keweenaw Peninsula. In this context, the faults
must be seriously investigated as they represent potential pathways
for the circulation of the hydrothermal fluids, mainly where they
cross porous horizons where native copper can be deposited.
To assess the project’s potential, the author
recommends a airborne magnetic and electromagnetic survey, a
geological reconnaissance survey, regional soil sampling at a 200-m
line spacing to complete the coverage of the favourable host rock
unit of the project, detailed soil sampling at a 50-m line spacing
to cover 11 geochemical anomalies and the mineralized sites already
define by previous work, trenching of the soil anomalies and
detailed geological mapping, which should lead to the
identification of drill targets in addition to the seven drill
holes recommended on the soil anomalies already define by Metco and
Breakwater more detailed description of the recommended exploration
work is provided in the report, along with the associated
budget.
View compilation maps
About 1844 Resources Inc.: 1844
is an exploration company with a focus in strategic and energetic
metals and underexplored regions “Gaspé, Chibougamau Québec”.
With a dedicated management team, the Company’s goal is to create
shareholder value through the discovery of new deposits.
Yvan Bussières, P. Eng., OIQ # 31985 The
Company’s consultant is a qualified person (as such term is defined
in National Instrument 43-101 - Standards of Disclosure for Mineral
Projects) and has reviewed and approved the technical disclosure
contained in this news release.
Bernard-Olivier Martel, P. Geo, the Company's
Director of Exploration, is a qualified person (as such term is
defined in National Instrument 43-101 - Standards of Disclosure for
Mineral Projects) and has reviewed and approved the technical
disclosure contained in this news release.
1844 RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge President and
CEO
514.702.9841slaberge@1844resourcesr.com
Some of the statements contained in this press
release are forward-looking statements and information within the
meaning of applicable securities laws. Forward-looking statements
and information can be identified by the use of words such as
“expects”, “intends”, “is expected”, “potential”, “suggests” or
variations of such words or phrases, or statements that certain
actions, events or results “may”, “could”, “should”, “would”,
“might” or “will” be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond the Company’s
control. Actual results and developments are likely to differ, and
may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
Neither TSX Venture Exchange nor its
Regulations Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
1844 Resources (TSXV:EFF)
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