This website and all content relating to historic information from the Property and interpretations thereof include forward looking statements. While these statements represent our best current judgment, they are subject to risks and uncertainties that could cause actual results to vary. For further details, see NI-43-101 Technical Reports from historic work on the Property available from SEDAR or contact the company.
* Mineral Resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource reported herein will be converted into a mineral reserve. An "Inferred Mineral Resource" is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. An "Indicated Mineral Resource" is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. Figures quoted in this presentation may not add exactly due to rounding. For additional information, the reader is encouraged to refer to countless NI-43-101 compliant reports from past exploration work on the Property by other parties (Tintina Mines Limited, DNI Metals Inc.) all of which are in the public domain and available from SEDAR.
** One of the Mineral Resources at the Property, is a portion of a larger Mineral Resource which was evaluated beyond a resource study through the rigors of a Preliminary Economic Assessment Study (PEA) which focused on establishing metrics for mining excavations and metals recovery processing. Despite the foregoing, these resources are NOT Mineral Reserves as currently understood under Canadian NI-43-101, and should continue to be regarded as Mineral Resources. It is noteworthy that mineable tonnages outlined by the Preliminary Economic Assessment are that portion of mineralized material within an optimized pit shell which meet economic threshold criteria, and represent tonnages that are economically extractable by open pit method.
*** Considering the exploration history of the property spanning two decades, 1990's-2010's, the many different resource studies outlined in different reports from exploration programs of different vintages contain language that reflects compliant language in effect at the time under Canadian Securities communication standards for the mining industry and NI43-101. As such, the reader is cautioned that some of the terminology which was in effect at the time of said exploration of a decade or two ago, my well not be compliant today. Of relevance to the Alberta Metal Enriched Black Shales projects, some of the earliest evaluations of mineralized volumes dating back to the 1990's may have referred to obvious and exposed mineralized volumes, which were not yet systematically drilled, as "Mineral Inventory", which subsequently was omitted from Canadian compliant mining disclosure language and replaced with "Potential Mineral Deposit", which was later again replaced with "Mineralized Zone". Notably in the foregoing regard, the Asphalt “Mineralized Zone”, one of the mineralized volumes discovered and partly drilled at the property, and similarly the mineralized material at the Buckton and Lower Buckton Zones, were previously named a “Potential Mineral Deposit”, but are necessarily renamed herein a “Mineralized Zones”, being a target for further exploration, to harmonize with subsequent amendments to NI-43-101. As it stands today, nomenclature for such designation has evolved yet again and current mineral disclosure standards prescribe their designation as "Exploration Targets".
The ever evolving regulatory language introduces some confusion to any review of the historic exploration records from the Property spanning over some thirty years of evolving regulatory nomenclature. It furthermore compels unwelcome misrepresentations to any discussion of anomalous areas which are targeted for future exploration to assess whether they have any geometric continuity to suggest presence of any mineralized volumes hosted therein and compels representation of such areas as "Exploration Targets", which they clearly are not as contemplated by the regulatory guidelines which attribute some measure of confirmation to such targets which they clearly have not yet achieved and a higher level of confidence which has not yet been demonstrated.
The above is particularly relevant to several locations over the Property which have been recognized as prospective based on geological criteria and targeted for future exploration to evaluate their potential, but have not yet been investigated or sampled at surface. While reference to the foregoing as exploration targets would be reasonable, it would be grossly misleading to similarly refer, per dictates of current regulations, to three "Mineralized Zones"previously discovered over the Property which represent metallic enrichments demonstrably extending over large prospective areas which were prioritized for systematic drilling, relying on results from extensive sampling on surface and across their many valley wall lithosection exposures on three sides and partly drilled, and have been shown to contain aggregations of recoverable metallic mineralization of encouraging or enticing grade, with demonstrable projected extensions to support suggestions of the presence of realistic volumes of rock whose ultimate size and economic merits have not yet been fully established by sufficient systematic drilling to delineate mineral resources thereupon. The Company has, accordingly, opted to retain designation of the above three mineralized areas as "Mineralized Zones" to maintain continuity with the most recent historic work from the Property, and to adhere to clarity when separately discussing other locations which have been realistically identified as prospective and selected for future exploration as future exploration targets, to assess their potential for deserving any subsequent drilling.
As it stands, a "Mineralized Zone" is best regarded to be an aggregation of mineralization of encouraging or enticing grade, within a realistic volume of rock, whose ultimate size and economic merits have not been demonstrated by drilling, as such, it is conceptual in nature, as there has been insufficient drilling conducted over it to define a mineral resource, and as such it is uncertain if further drilling will define a mineral resource over the Zone, and it is intended solely to demonstrate the potential of identifying mineralized material at such a Mineralized Zone subject to future in-fill grid drilling.