MONTREAL, QUEBEC--(Marketwired - Jan. 9, 2014) - Synergy Acquisition Corp. (the "Corporation") (CSE:QMP) is pleased to announce that the NI 43-101 technical report for its Lullwitz-Kaeppeli property has been filed on SEDAR (www.sedar.com). The report was prepared by Solumines.
The report is dated January 6, 2014, and was prepared in accordance with National Instrument 43-101, Standards of disclosure for mineral projects, by Donald Théberge, Ing., M.B.A., of Solumines.
The Lullwitz-Kaeppeli property is in the Charlevoix region of Québec, about 30 km due north of the town of La Malbaie. The property is in the southwest corner of sheet SNRC 21M16, straddling the border between Lacoste and De Sales townships.
The property consists of four mineral claims totalling 231.4 hectares. From a geological perspective, the property lies in Grenville Province and covers part of the Charlevoix charnockitic complex.
In 1961, the Lullwitz-Kaeppeli Mineral Exploration Partnership conducted exploration that led to the discovery of the deposit of the same name. At the time, the Lullwitz-Kaeppelli deposit was assessed at 96,154 short tons with a combined gold, iridium and gallium grade of $65.46/ton. Given a 1961 gold price of $35.25/ounce, this equates to a gold grade of 1.85 oz/ton. Note that these resources are historical in nature; they have not been verified and do not comply with NI 43-101 (Source: MRNF - SIGEOM database).
Donald Théberge, Ing., M.B.A., and a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this press release.
Synergy is targeting Quebec's excellent mineral potential to discover new world-class deposits. Synergy is the ideal partner for exploration companies and capital pool companies looking for qualified transaction projects of merit. Synergy intends to enter into various types of agreements on its properties. Management is currently evaluating other growth opportunities in its portfolio of newly acquired mineral properties to enhance shareholder value in the short term.
This press release contains certain forward-looking statements that involve a number of risks and uncertainties, and there can be no assurance that such statements will prove accurate. As a result, actual results and future events could differ materially from those anticipated in such statements. These risks and uncertainties are described in the annual report and in the filings made by the Company with securities regulatory authorities.
The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.