1844 Resources Announces Filing of NI 43-101 Technical Report for Its Native Copper Project
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.
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About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gasp?, Chibougamau Qu?bec". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.
Yvan Bussi?res, 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.
(signed) "Sylvain Laberge"
President and CEO
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