Mansa Exploration Inc. Ni 43 101, 1st May, 20

  • Technical report The Skyfire Mineral Property, Au vein mineralization and syngenetic lode gold, British Columbia
  • No Resources Estimated

Summary

This
technical report describes and evaluates historical and recent work on the
Skyfire mineral property (the “Property”) and makes recommendations for future
work based on the results of the work done to date. The report was commissioned
by Mansa Exploration Inc. (“Mansa”), a private company seeking listing on the
Canadian Securities Exchange ("CSE"). The Property is centered
approximately 95 kilometres east-northeast of the town of Williams Lake and 86
kilometres northeast of the town of 100 Mile House, in central British
Columbia, Canada (Figure 1). The Property is located in the Cariboo Mining
Division. It covers a northwest trending ridge bounded by McKusky Creek and the
Horsefly River. The Property is accessible via all weather forest service roads
that connect to the towns of Horsefly and 100 Mile House. The Property consists
of seven contiguous mineral titles covering 1,896.44 hectares. The registered
owners of the mineral titles are C. Paul and D. Rishy-Maharaj. M. Blady is a
beneficial owner. Each owner has a one third interest in the property. Mansa
can earn a 100% undivided interest in the claims under the terms of an option
agreement with the claim owners.

In
2016, Mansa conducted a program of geological mapping and prospecting, soil and
silt geochemical sampling and a ground magnetometer survey targeting base and
precious metal bearing sulphide mineralization (Paul, in preparation). This
work was contracted to Ridgeline Exploration Services. A total of 309 soil and
26 rock samples were collected and a ground magnetometer geophysical survey was
conducted over 540 hectares of the Property. A Statement of Work was filed with
the Ministry of Energy and Mines on January 19, 2017 by D. Rishy-Maharaj
claiming $98,982.40 in assessment credit for the work done in 2016 (Event No.
5634118).

In
the writer’s opinion, based on geological setting and the results of
exploration work done to date, the Skyfire Property can be considered
prospective for sediment hosted mineral occurrences. The geological setting is
similar to that of the nearby Frasergold property at Eureka Mountain.
Prospecting, soil geochemistry and a ground geophysical survey done by Mansa in
2016 identified several new targets that need to be further evaluated. Based on
these positive results it is recommended that Mansa implement a 2 stage work
program to further explore the Property for additional targets. In view of the
relatively thin overburden cover and extensive road network, a program of
trenching and bedrock sampling using a truck mounted reverse circulation drill
is recommended. This work would be followed by detailed geologic mapping,
prospecting, geochemical sampling and ground geophysical surveys over selected
target areas. Depending on the results of this work, the best targets could then
be tested by diamond drilling as part of a Stage 2 exploration program. The
estimated cost of the proposed Stage 1 program would be $102,000. If warranted
the Stage 2 program would cost an additional $84,000 for 500 metres of diamond
drilling.

 

Mailing Address: 401-217 Queen Street West
Toronto, ON
M5V 0R2
Contact Name: Darryl Levitt Law
Business e-mail address: Darryl@darryllevitt.com
Telephone Number: 905 482-0622
Fax Number:
Date of Formation: Jun 10 2019
Jurisdiction Where Formed: British Columbia
Industry Classification: junior natural resource - mining
CUSIP Number:
Financial Year-End: Dec 31
Head Office Address: 401-217 Queen Street West
Toronto, ON
M5V 0R2
Principal Regulator: Ontario
Short Form Prospectus Issuer: No
Reporting Jurisdictions: Non-Reporting Issuer
Stock Exchange: N/A
Stock Symbol:
Auditor: McGovern Hurley LLP
General Partner:
Transfer Agent:
Size of Issuer (Assets): Under $5,000,000

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