Post by
GarryF1 on Dec 29, 2021 10:10am
BBA Engineering Ltd. (“BBA”) to generate a NI 43-101
December 29, 2021, Vancouver, B.C., Secova Metals Corp. (The “Company” or “Secova”) (CSE: SEK, OTC: SEKZF, FSE: N4UP) is pleased to announce that it has engaged BBA Engineering Ltd. (“BBA”) to generate a NI 43-101 technical report with a mineral resource estimate on the Company’s Montauban project. In addition to the technical report, BBA will advance the project through to the completion of a Preliminary Economic Assessment (“PEA”). “Management made the decision to engage BBA, with the support of Longford Exploration and John Langton, to compile a PEA on the tailings resource at Montauban to improve the logistics of the processing of the gold and silver resource on the project”, explained Brad Kitchen, CEO, Secova. “The PEA will consolidate all historic data and new exploration drilling on the site that was originally mined in 1919. The report will help to optimize the extraction of the minerals already identified in the tailings.” Founded in 1980, BBA is a privately-owned Canadian consulting firm serving clients for over 40 years. Today, with more than 1,000 employees in 15 offices across Canada and abroad, BBA maintains a close relationship with their clients and plays an active role in their sustainability and growth projects, from early concepts and studies to engineering, commissioning and operational support. BBA offers integrated services in multidisciplinary engineering, the environment, Industry 4.0, cybersecurity, and field services. BBA stands out as a practice-centered business (PCB) offering state-of-the-art solutions—reliable, cost-effective, and environmentally friendly—that target the needs of its clients. Close of the Company’s increased Quebec Flow-Through Private Placement In conjunction with the PEA, management of the Company have planned to increase the scope of the exploration planned for 2022 and as a result, has increased and closed its previously announced nonbrokered Quebec Flow Through Private Placement (the “Offering”). The Company raised gross proceeds of $2,356,922.88 by the issuance of 12,740,125 flow through common shares (the “FlowThrough Shares”) at a purchase price of $0.185 per Flow-Through Share. All securities issued in connection with the Offering are subjected to a restricted hold period of four months a day from the date of closing of the Offering, under applicable securities legislation.