Leider bin ich der engl. Sprache nicht mächtig. Es wäre schön, wenn mir jemand wichtige Details in die deutsche Sprache übersetzen würde - öffentlich oder als Boardmail. Gern auch persönliche Meinungen zu diesem Report. Die Email-Adresse vom Bob ist weiter unten auch angegeben. Wenn euch dies alles weiterhilft, freue ich mich über ein Bewertungssternchen. Irgendwie sitzen wir alle im gleichen Boot oder auf dem sinkendem Schiff (?). Bin trotzdem noch voller Hoffnungen und schließe mich dem "Berliner_" an.--------------------------------------------------
FORM 7
MONTHLY PROGRESS REPORT
Name of CSE Issuer: Supreme Metals Corp. (formerly 4D Virtual Space Ltd.
and Alibaba Innovations Corp.) (the Issuer).
Trading Symbol: ABJ
Number of Outstanding
Listed Securities: 137,948,532
Date: May 5, 2017
Report on Business
1. Provide a general overview and discussion of the development of the Issuers
business and operations over the previous month. Where the Issuer was inactive
disclose this fact.
During the month of April, the Issuer continued its pursuit of natural
resource acquisitions, particularly focused on lithium, cobalt, iron, and gold
properties and began additional collection and consolidation of information
on the properties acquired prior to preparation of a budgeted exploration
program.
Subsequent to the release of the March Monthly Progress Report dated April
7, 2017, the Issuer, was informed that an adjustment was required to one of
the claims acquired outside the Helfrick Property that may exclude the
Rueben McKee Property. This acquired claim is currently being reviewed by
the Ontario MNDMF Lands Division.
2. Provide a general overview and discussion of the activities of management.
Continued consideration of natural resource acquisitions along with the
collection and consolidation of information on the properties acquired prior
to preparation of a budgeted exploration program for this forthcoming field
season.
3. Describe and provide details of any new products or services developed or offered.
For resource companies, provide details of new drilling, exploration or production
programs and acquisitions of any new properties and attach any mineral or oil and
gas or other reports required under Ontario securities law.
During the preceding four months, the Issuer has acquired the following
properties:
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 2
The Helfrick Property
The Helfrick Property consists of 8 mining patents and 2 claims, totaling 360
hectares, located approximately 27 kilometres from the town of Thessalon
Ontario. The property includes the historic occurrences of the old Kerr
Property which has had an historic 3.7 ton bulk sample produced averaging
14.7% Cobalt, 9.2% Nickel and 9 oz per ton silver. It also includes the Rueben
McKee Property containing an 85 m audit from which an historic bulk sample
of 500 tons of hand-cobbed direct smelting copper ore was produced. The
property also hosts the Beaudoin Copper-Gold Occurrence.
The Shotgun Property
The Shotgun Property consists of 24 claims in three mineral titles, totaling
492.73 hectares, located approximately 60 km northwest of the town of
Pemberton, British Columbia. An NI 43-101 compliant technical report of the
Shotgun Property entitled NI 43-101 Technical Report - Shotgun Property
dated July 31, 2016 and prepared by David Hladky, P.Geol., an independent
Qualified Person as defined by NI 43-101 has been commissioned, received,
and is now filed on SEDAR.
Bloom Lake East Project
The Bloom Lake East Project consists of 84 mineral claim cells covering
three prospect areas hosting both cobalt and iron prospects located in
Newfoundland & Labrador and is situated alongside the Quebec-Labrador
border. The project is prospective for both cobalt and iron mineralization and
much of the tenure comprising the Bloom Lake East Project part of which
was held in past under license by Rio Tinto Exploration Canada, Inc. and
Consolidated Thomson Iron Mines Ltd. Exposed cobaltite has been
discovered immediately west of Bloom Lake at the Walsh Cobalt Prospect
which contains high-grade historic grab samples of 6.0% cobalt and 6.5%
cobalt respectively.
Mt Thom Project
The Mount Thom property covers a historic copper deposit discovered the
early 1970s by Imperial Oil. The deposit is now recognized as having
affinities to IOCG-style deposits. Assays of up to 1.66% copper over 15.5 feet
were reported by Imperial Oil. IOCG deposits were essentially unknown at
the time of the discovery of Mount Thom and Imperial Oil did not accordingly
have benefit of this model to guide their exploration. Subsequent to Imperial
Oil, the mineralization was found to contain high concentrations of cobalt
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 3
assaying up to 0.57% Cobalt. At the time of discovery, Imperial Oil drilled 49
largely shallow diamond-drill holes at the project for a total of 3,185 metres
(see also Nova Scotia Minerals Update, Does the Mt. Thom Cu-Co-Au
Prospect Have an Igneous Parent? Fall 2011). A non-43-101 compliant
historic resource of 300,000 tonnes of copper grading 1.5% was estimated
from that past drilling.
Foster Marshall Property
The Foster Marshall cobalt-silver property (the FM Property) is located in
northeast Ingram Township, Ontario, approximately 16 km east of the town
of Englehart. Access to the property is via Highway 659, east from Highway
11, to the Sherriff Lake road, then northeast past Sherriff Lake to the Marshall
farm. The main showings are located at the southwest end of Mallard Lake,
on the west side of Ingram Creek. The FM property straddles the contact
between Proterozoic-aged Nipissing diabase to the south and sediments of
the lower part of the Cobalt Group, also of Proterozoic age, to the north. The
FM Property is underlain by diabase that carries mineralization on fractures,
cross fractures, sheared planes and veins. A cross fracture 1 to 6 inches
wide is reported to show mineralization along its length for 900 feet.
Silver Dawn Property
The Silver Dawn project (Silver Dawn) lies along the northwest flank of the
Clayton Valley basin. Clayton Valley is an interior drainage basin in which
brines have been concentrated during the Pleistocene Era to form the
Lithium-rich brines that are being processed at Albemarles facility. Volcanic
ash deposits, thermal springs and weathering have contributed lithium to
the basin brines over the millennia. Brines pumped from several subsurface
aquifers in the basin have supplied the Albemarle processing facility since
1967. A result from recent drilling by Pure Energy confirms that these
aquifers extend across a large area of the basin and have been demonstrated
to contain high levels of lithium. The claims are adjacent to the west of
Lithium-Xs south block and 5km west of Pure Energys property holdings
from which was reported an Inferred Resource of 816,000 tons lithium
carbonate equivalent in a recently published National Instrument 43-101
Report. The Silver Dawn consists of 150 mineral claims and covers
approximately 3,000 acres to the southwest of the Silver Peak mine and
adjacent to Lithium X Energy Corp.
Silver Shadow Property
The Silver Shadow Property consists of approximately 1,600 acres located
in northwest part of the Clayton Valley, Nevada. It is situated near the
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 4
northwest flank of Rockwood Lithiums Silver Peak mine, the only lithium
producer in North America.
The Columbus Property
The Columbus Property covers approximately 1,920 acres, located within the
Columbus Salt Marsh, near Coaldale and west of ground controlled by Ultra
Lithium. The principal target at the Columbus Project is a large circular
gravity low anomaly which is interpreted as an in-filled basin which may
contain lithium rich brine. The Big Smoky Valley was preliminarily drilled in
1979 by the United States Geological Survey and anomalous lithium values
were encountered in the basin sediments.
4. Describe and provide details of any products or services that were discontinued.
For resource companies, provide details of any drilling, exploration or production
programs that have been amended or abandoned.
The Issuer intends to review the Phase 1 work program on the Shotgun
Property, to assess further exploration and development of the Helfrick
Property, Silver Shadow Property, Columbus Property, Bloom Lake East
Project, Mt Thom Project, Foster Marshall Property and Silver Dawn
Property, in addition to investigating additional mineral property interests.
5. Describe any new business relationships entered into between the Issuer, the
Issuers affiliates or third parties including contracts to supply products or services,
joint venture agreements and licensing agreements etc. State whether the
relationship is with a Related Person of the Issuer and provide details of the
relationship.
On January 31, 2017, the Issuers common shares were accepted for
continuous trading on the electronic trading platform XETRA® on the
Frankfurt Exchange under ticker symbol A68. The Issuer anticipates the
Frankfurt listing will increase trading liquidity and facilitate investment in the
Issuer by investors across Europe. This increased exposure to worldwide
markets enables Europeans to trade the Issuers common shares in Euros.
6. Describe the expiry or termination of any contracts or agreements between the
Issuer, the Issuers affiliates or third parties or cancellation of any financing
arrangements that have been previously announced.
None to report
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 5
7. Describe any acquisitions by the Issuer or dispositions of the Issuers assets that
occurred during the preceding month. Provide details of the nature of the assets
acquired or disposed of and provide details of the consideration paid or payable
together with a schedule of payments if applicable, and of any valuation. State how
the consideration was determined and whether the acquisition was from or the
disposition was to a Related Person of the Issuer and provide details of the
relationship.
See item 1 above.
8. Describe the acquisition of new customers or loss of customers.
None to report
9. Describe any new developments or effects on intangible products such as brand
names, circulation lists, copyrights, franchises, licenses, patents, software,
subscription lists and trade-marks.
None to report
10. Report on any employee hirings, terminations or lay-offs with details of anticipated
length of lay-offs.
None to report
11. Report on any labour disputes and resolutions of those disputes if applicable.
None to report
12. Describe and provide details of legal proceedings to which the Issuer became a
party, including the name of the court or agency, the date instituted, the principal
parties to the proceedings, the nature of the claim, the amount claimed, if any, if
the proceedings are being contested, and the present status of the proceedings.
None to report
13. Provide details of any indebtedness incurred or repaid by the Issuer together with
the terms of such indebtedness.
None to report
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 6
14. Provide details of any securities issued and options or warrants granted.
During the month of April, the Issuer issued 9,000,000 common shares to the
shareholders of Otter Minerals Corp. (Otter) in consideration for the
acquisition of all of the outstanding shares of Otter at a deemed value of
$0.04 per share.
15. Provide details of any loans to or by Related Persons.
None to report
16. Provide details of any changes in directors, officers or committee members.
None to report
17. Discuss any trends which are likely to impact the Issuer including trends in the
Issuers market(s) or political/regulatory trends.
None to report
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 7
Certificate Of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly
authorized by a resolution of the board of directors of the Issuer to sign this
Certificate of Compliance.
2. As of the date hereof there were is no material information concerning the Issuer
which has not been publicly disclosed.
3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance
with the requirements of applicable securities legislation (as such term is defined
in National Instrument 14-101) and all Exchange Requirements (as defined in
CNSX Policy 1).
4. All of the information in this Form 7 Monthly Progress Report is true.
Dated May 3, 2017 .
___Robert Komarechka
Name of Director or Senior Officer
Signature
Chief Executive Officer
Official Capacity
FORM 7 MONTHLY PROGRESS REPORT
May 2017
Page 8
Issuer Details
Name of Issuer
Supreme Metals Corp.
For Month End
April 30, 2017
Date of Report
YY/MM/DD
17/05/05
Issuer Address
545 Granite St.
City/Province/Postal Code
Sudbury, Ontario P3C 2P4
Issuer Fax No.
(705) 673-0873
Issuer Telephone No.
(705) 690-8118
Contact Name
Bob Komarechka
Contact Position
Chief Executive
Officer
Contact Telephone No.
(705) 690-8118
Contact Email Address
bkomar@fibreop.ca
Web Site Address
Suprememetalscorp.com |
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