Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce that the Company has commenced construction on an all-season access road into the Kenbridge Nickel Project, Kenora Mining District, Northwestern Ontario.
The Kenbridge Nickel Project is located via the Trans-Canada Highway, 10.2 km from the township of Sioux Narrows. The Maybrun Mine Road turnoff is the primary access to the Kenbridge Nickel Project. There is a 13.1 km brush road into the Kenbridge Nickel Project from the Maybrun staging area. Tartisan has received the necessary work permit from the Ministry of Northern Development, Mines, Natural Resources and Forestry to conduct the road maintenance and all necessary upgrades, including brushing, ditching, graveling and installing culverts.
Tartisan Nickel Corp. CEO Mark Appleby commented, "All-Season access for the Kenbridge Nickel Project is a significant next step in preparation for a mining operation and we are pleased to have a full team engaged in road construction. The ability to have fuel, utility and construction vehicles able to drive into the Kenbridge mining camp via the Kenbridge Nickel Project access road is game changing. Construction completion is anticipated by September 2022."
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp., New Break Resources Ltd., and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 108,922,503 shares outstanding (120,218,018 fully diluted).
Dean MacEachern P. Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125200
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Tartisan Nickel Corp (CSE:TN)(OTCQX:TTSRF)(FSE:A2D) is a Canadian battery metals exploration and development company focused on developing the Kenbridge nickel–copper–cobalt project located in Northwestern Ontario, Canada. Tartisan Nickel Corp., through Minera Tartisan Peru S.A.C, is also beginning a bulk sampling program at the Don Pancho property in Peru. The company additionally owns the Sill Lake silver–lead property in Sault St. Marie, Ontario. The company has an equity stake in: Eloro Resources Ltd (TSXV:ELO), plus a 2 percent net smelter return (NSR) on the La Victoria asset in Peru; Class 1 Nickel & Technologies Inc. (CSE:NICO) plus a 0.5 percent NSR on the Alexo-Kelex asset; and Peruvian Metals Corp. (TSXV:PER).
Tartisan Nickel Corp. published (Sedar: September 17, 2020) a NI 43-101 updated mineral resource estimate that outlined a combined open-pit and underground measured and indicated resource of 7.58 Mt at 0.58 percent nickel and 0.32 percent copper for a total of 95 million pounds of contained nickel. An additional 0.985 Mt at 1 percent nickel and 0.62 percent copper (22 million pounds of contained nickel) were calculated as inferred mineral resources. Details of the mineral resource estimate are shown in Table 1.
Open at depth and along strike the Kenbridge Deposit hosts a 622 meter shaft and increased grades at depth.
In 2018 Tartisan Nickel underwent a strategic review of how the Company would move forward in light of weak investment in metals markets. At the time there appeared to be an emerging electric vehicle (EV) movement which Tartisan Nickel thought was going to become a driving force in the metals market. This thinking lead to a merger with Canadian Arrow Mines Limited, a junior explorer which owned the Kenbridge Nickel Deposit in northwestern Ontario.
The Kenbridge deposit was discovered in 1937 by Coniagas and is located in Kenora, Ontario between Fort Frances and Dryden. Falconbridge Limited acquired the property in 1952, began construction in 1954 with a subsequent mining operation lasting for 2.5 years. A 609 metre deep shaft with two working levels were developed and a bulk sample was extracted. At that time, there was no feasible way to move the ore to facilities, so it was shut down in 1958. The project sat dormant until 2007 when Canadian Arrow acquired the property, completed a 40,000 metre drill campaign and proceeded to establish a NI 43-101 Resource Estimate & Preliminary Economic Assessment (PEA). (2008, 2010)
The Kenbridge Deposit is located in a stable political and mining friendly region (New Gold’s Rainy River Gold Deposit is located 80 km to the south) and has all season road access to within 9 kilometres of the deposit. Although the Company views the 2008 PEA as historical, the underlying resource provides an excellent base from which to work. Previous metallurgical work completed by Canadian Arrow highlighted excellent recoveries and metallurgical properties for the outlined mineralization. The 2008 PEA envisioned a 2,800 tonnes per day combined open pit and UG operation with a capital expenditure of $108 million. The report had outlined a resource of 98 million pounds of nickel and 47 million pounds of copper.
Additionally, there are several untested exploration targets on the property, such as the Kenbridge North target that holds similar geophysical characteristics to the Kenbridge Deposit.
Tartisan Nickel recently commissioned an update of the nickel resource based on current metal prices and dollar exchange rates.
The company recently provided an update from the ongoing 10,000 metre diamond drilling program at the 100 percent owned Kenbridge Nickel Project. The Phase 1 drill campaign, utilizing 2 drill rigs, is approximately 90 percent completed. One drill has been mobilized to the Kenbridge North target where it will complete 3 planned drill holes, approximately 500 meters each drill hole. The Kenbridge North target was identified from a ground based Time Domain Electromagnetic (TDEM) survey completed in early 2021 and is interpreted to represent similar rock types that host the Kenbridge Nickel Deposit.
In February 2022, Tartisan announced it has acquired an additional 27 claims contiguous to the Kenbridge Nickel-Copper Deposit in northwest Ontario, approximately 60 km southeast of Kenora, Ontario. The total property size now consists of 142 patented and unpatented staked units covering 2,637ha.
In 2008, Canadian Arrow, the property’s previous owner, published an NI 43-101 resource estimate that outlined a combined open-pit and underground, historic measured and indicated resource of 7.14 million tonnes at 0.62 percent nickel, 0.33 percent copper. This is supported by an inferred resource of 118,000 tonnes at 1.38 percent nickel and 0.87 percent copper.
In 2021, Tartisan Nickel provided an update on the 10,000 metre diamond drilling program with two drill machines at the Kenbridge project. The company intersected 25.6 Metres Of 1.03 percent Ni, 0.41 percent Cu Including 2.7 Metres Of 2.76 percent Ni, 0.88 percent Cu.
The program is designed to target the down dip and along strike extension of the Kenbridge Ni-Cu Deposit. The Company additionally plans to test the Kenbridge North target with diamond drilling during this current drill campaign. The Kenbridge North target is located approximately 2.5 kilometres north of the Kenbridge Nickel Deposit and was identified from a ground based Time Domain Electromagnetic (TDEM) survey completed in early 2021. The Kenbridge North target is interpreted to represent similar rock types that host the Kenbridge Nickel Deposit. This combined with the EM signature, Kenbridge North is a high priority drill target similar to the Kenbridge Nickel Deposit model (SEDAR, May 5, 2021).
Tartisan CEO Mark Appleby said, “the survey picked out the Kenbridge Deposit and has shown the possible extension to the Kenbridge Deposit and three additional trends that relate directly to underlying geology and structure implicit in the Kenbridge Deposit. Of significant interest, the survey found two gold trends as well, which include the Violet and Nina historic gold occurrences. One of the occurrences is almost 54 hectares in size and covers almost all of three of our staked claims on the border of the Kenbridge property.”
TVM Map for Nickel on the Kenbridge Project
Since the original magnetic survey by Falconbridge Nickel in 1955, approximately 10 detailed geophysical surveys have been conducted over the Kenbridge deposit and property, but none were deep-seeking geophysical studies,” said Tartisan Nickel CEO Mark Appleby. “Since our purchase of the Canadian Arrow assets in February 2018, we have undertaken a careful review of the asset. Our geophysical programs should put our whole geophysical database into a real discovery context so that when we go to drill the Kenbridge property, we will have the best possible target definition.”
The new 43-101 resource report is also expected to make recommendations for advancement of the Kenbridge project including additional exploration based on the above survey results and studies directed at the development of the deposit into a mining operation and requirements to advance it to that stage technically and in compliance with regulations.
The Don Pancho Project is in a prolific polymetallic mineral belt in central Peru with several operating mines in the area including the world class Iscaycruz and Yauliyacu polymetallic mines operated by GlencoreXtrata Plc located 50 kilometers to the north-northwest. Additionally, Trevali Mining Corporation’s Santander silver-lead-zinc mine is located 9 kilometers to the east and Buenaventura’s silver-lead-zinc Uchucchacua mine is located 63 kilometers to the north, (10 million ounces of silver produced in 2011). Infrastructure is considered excellent with ready access and a power line crosses the property enroute to the Santander mine.
The Don Pancho deposit was first identified in 1997 and was acquired by application in 2007. To date, $1.5 million has been spent on exploring the property, including extensive surface mapping and sampling. Additionally, a previous owner, Stellar Mining, also conducted a 2,021-meter diamond drilling program across six holes, all of which intersected zinc-lead-silver mineralizations. Results from this drilling program included grades of up to 4.4 percent zinc, 3.3 percent lead and 61 g/t silver over 1.15 meters and outlined an 800 meter by 200 meter exposed breccia zone on the property.
Having analyzed the work conducted on the property to date, Tartisan believes that the next round of exploration should be conducted with drilling at right angles of the previous holes.
“The Company is excited to start a new phase of exploration targeting lead-zinc-silver-manganese mineralization along this extensive altered brecciated zone,” said Tartisan CEO Mark Appleby. “Besides being located in a prolific polymetallic belt, having a better understanding of the structural controls for locating new mineralized zones and the recent renewed interest in zinc, the Don Pancho property is a great opportunity for our company.”
The Company purchased a 100 percent interest in 13 single cell mining claims in the Vankoughnet Township of Sault Ste. Marie Mining District in Ontario, comprising the Sill Lake Project covering 372.8 ha.The purchase of the Sill Lake Lead-Silver claims is in keeping with the company’s strategy of acquiring advanced properties with long term potential. Sill Lake is an excellent project to generate shareholder value in the short term through exploration and resource development.
The Sill Lake Lead-Silver Project consists of 13 single cell mining claims and four boundary cell claims which represents 372.8 hectares. Lead-silver mineralization was discovered at Sill Lake in 1892, when a 30m adit was driven to a 17m internal shaft, with approximately 40m of lateral development to exploit a lead-silver vein. This was later defined by other explorers including some 3750m of diamond drilling along a defined steeply dipping mineralized trend some 850m in length, with mineralized widths varying between 1.5m and 4.5m. The Project has seen two distinct periods of underground development and production and it is estimated that 7,000 tonnes of ore containing lead and silver were mined. In 2010, a historical NI 43-101 Technical Report gave a measured and indicated mineral resource of 112,751 tonnes at 134 g/t silver; 0.62 percent lead, and 0.21 percent zinc. The historical resource estimate used a silver cutoff grade of 60 g/t; but no cutoff grade for the base metal content was used.
The Company has completed a Spectral Analysis survey and a Synthetic Aperture Radar survey over the Sill Lake Lead-Silver Project in early 2020. The most abundant minerals on the Sill Lake mining claims were seen to be saponite, a clay mineral from hydrothermal alteration as well as orthoclase feldspar and kaolinite, the hydrothermal alteration product of orthoclase. Principal minerals characteristic of the lead-silver vein were determined to be galena and goethite. Galena is the principal ore mineral of the low-alpha lead on the Sill Lake Project, which goethite is the principal alteration product of sulphides like galena.
As the report notes, “In the centre of the Sill Lake Claims the lead-silver deposit and underground workings are located. The spectral analysis survey outlined a number of minerals spatially associated with the deposit. Using the Target Vector Mineral (“TVM”) overlap technique for the Sill lake Claims a number of areas of where three and four TVM’s overlaps were outlined. One area on the claims outlined a general north-south TVM lead-silver target zone from 65m to 190m wide and approximately 650m in length.”
Claim Map with Geology, Drilling and Occurances:
Target Areas on the Sill Lake Claims for Precious Metals, From Aster Survey
In October 2019, Eloro signed an option to aquire 100 percent of the Iska Iska Property in Bolivia covering 900 hectares in the resource rich Potosi Department. Iska Iska is a road accessible, royalty-free property, wholly-owned by the Title Holder and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. The Property can be classified as a polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) epithermal-porphyry complex, which overprints an early higher temperature xenothermal phase.
Geological mapping on the Property has revealed the spatial and temporal zonation of alteration and vein minerals in an area of about 5 square kilometres through the property area.
In August 2019, Eloro performed preliminary evaluation work at Iska Iska that included geological mapping and sampling, whereby 42 channel samples were collected. All of the channel samples included altered wall rock with widths ranging between 1.20 to 5.55m, averaging 2.90 m. Four underground workings were sampled, including the Huayra Kasa which has two branches, one bearing a W-NW direction and the second oriented in a North-South direction, with the latter appearing to be more enriched in gold.
Additionally, the Santa Barbara, Porco and Mine 2 adits were sampled, together with two sectors on surface. Chemical assays were performed at the ALS Laboratory in both Oruro, Bolivia (preparation) and in Lima, Peru (analysis).
Located in Central Peru, the property sits within a 300-kilometer andean belt which hosts world-class, low-cost gold producers including Tahoe Resources Inc (TSX:THO) and Barrick Gold Corp (TSX:ABX). It is supported by excellent infrastructure including road access, water supply and an industrial power corridor within 4.3 kilometers of the site. The property sits at elevations ranging from 3,000 to 4,500 meters above sea level, nearby the population centers of Huandoval, Pallasca and Cabana.
The La Victoria property is made up of nine registered mining concessions and has shown five primary mineralization zones that have been the focus of Eloro’s exploration activities: San Markito, Rufina, Victoria, Victoria South and Ccori Orcco.
The vein systems on the property measure between 20 meters to 70 meters wide and up to 500 meters long, running in a northwest to southeast direction.
Since acquiring the property at the end of 2016, Eloro has conducted a series of geological mapping, geophysical survey and sampling activities. Results helped to further identify the drilling targets for the company’s first phase of drilling.
The Company has acquired a 100 percent interest in the Glatz, Night Danger Nickel-Copper Claims located approximately 70 kms from the Company’s flagship Kenbridge Nickel Deposit. The property is situated in an area of excellent infrastructure and consists of 16 claim units. The 16 claim unit property hosts the historical Glatz and Night Danger nickel-copper showings. Previous exploration efforts identified nickel-copper sulphide mineralization in twelve trenches along a 700 metre trend at the Glatz nickel copper showing.
The Company signed a Definitive Purchase Agreement with Class 1 Nickel & Technologies Inc. of Perth, Western Australia, formally “VaniCom”, for the sale of a 100 percent interest in the Alexo-Kelex Nickel Project located near Timmins, Ontario. The Alexo-Kelex Project produced 30,138 tonnes of ore averaging 1.92 percent nickel containing 1.3 million pounds of nickel in 2004 and 2005. Historically, the Alexo Deposit produced an additional 57,000 tonnes at 3.6% nickel for a total of 4.5 million pounds of contained nickel.
The Alexo-Kelex Project contains an NI 43-101 compliant resource of some 243,000 tonnes of 1.08 percent nickel for a contained 5.775 million pounds of nickel. The resource also contains 268,000 pounds of copper and some 202,000 lbs of cobalt at lower grades.
The deposits are classified as Kambalda-style named after similar type-deposits occurring in Western Australia. The Alexo and Kelex deposits are composed of massive to semi-massive nickel sulphide accumulations inhabiting basal embayments along the footwalls of steeply dipping komatiitic ultramafic volcanic flows. The massive, semi-massive sulphides are overlain by stringer, net-textured, blebby and lower grade disseminated sulphide haloes extending upwards and away from the contact. The flows contact with intermediate volcanic country rocks. Other komatiitic hosted nickel sulphide deposits and occurrences in the area include the Redstone, McWatters, Hart, Langmuir 1 and 2, and Texmont.
Peruvian Metals (TSXV:PER) owns an 80 percent interest in the Aguila Norte Process Plant that is strategically located just off the Pan American highway, near Peru’s second largest city, Trujillo. Abundant small-scale mining activity occurs in northern Peru but there are very few independent processing facilities available. The Aguila Norte mineral processing plant hosts crushing, milling, gravity separation and flotation circuits with an initial throughput capacity of 100 tonnes per day. Peruvian Metals is currently processing high-grade polymetallic material and delivering high-value concentrates available for sale to the Peruvian metal trading market for miners. Peruvian Metals and its experienced Peruvian team have been identifying multiple sources of mineral feed to fill the initial process plant capacity. The company is well advanced to receive full permits and licenses which will enable the expansion of the Aguila Norte Process Plant. Expansion is expected to be funded via internal cash flow from plant profitability.
Tartisan Nickel acquired additional claims in the Turtle Pond Area, Northwestern Ontario, approximately 40 km south of Dryden, Ontario. The total property size now consists of 85 staked units covering 1,732.35 ha and the claims are located approximately 70 kms east of the Company's flagship Kenbridge Nickel Deposit. The property is situated in an area of excellent infrastructure and consists of 85 claim units and hosts the historical Glatz, Double E and Night Danger nickel-copper showings.
Mr. Appleby was appointed President and Chief Executive Officer and a member of the Board of Directors of Tartisan Nickel Corp. in December 2010. Mr. Appleby has over 30 years of experience in a variety of disciplines relating to investment banking, corporate finance and the capital markets. Mr. Appleby’s career began in 1983, where he served as an intern at Manulife in the equity and fixed income departments. In 1987 he joined First Boston Canada Ltd., where he reached the position of Vice-President-Bond Trading. Subsequently, Mr. Appleby has worked as an investment executive with Scotia Mcleod Inc., and is co-founder of The Atlantis Group, a Company specializing in a variety of disciplines including the resource sector. Mr. Appleby was also a Director of Guyana Goldfields Inc. [TSX: GUY] for five years.
Aamer Siddiqui is a Manager of Financial Reporting as MSSI. He is a Chartered Professional Accountant and Chartered Accountant who began his career working in public accounting with one of Ontario’s largest external audit firms. He has years of experience providing financial advisory, budgeting, Canadian tax and assurance services to a wide range of clients. He has extensive experience helping fast growing companies manage their reporting requirements as well as providing valuable insight to aid in management’s strategic decisions.
Mr. Clement is a professional geologist with over 28 years’ experience in the generation, evaluation and development of a wide variety of mineral resources hosted by a broad spectrum of geological environments in Canada, South America, and West Africa. He has held Exploration Manager and VP, Exploration positions in several countries, and has extensive joint venture generation / project management experience and hands-on exploration experience in Archean / Proterozoic greenstone and Andean Cordillera settings, including: greenstone – hosted lode / shear gold, volcanogenic massive sulphide (VMS), magmatic Ni-Cu-PGM, low & high sulphidation epithermal Au – Ag, porphyry Cu – Mo & Au – Cu, Cu-Au skarn, Fe Oxide Cu–Au (IOCG), stratabound volcanic redbed copper (Manto-type), intrusion – related gold, and lateritic terranes.
Mr. Clement is currently VP, Exploration of Xtra-Gold Nickel Corp. (TSX: XTG), a junior mineral exploration company focused on gold exploration in Ghana, West Africa. Yves is fluent in Spanish and has extensive exploration / project management experience in Latin American countries, including: Peru, Chile, Colombia, Ecuador, Venezuela, and Mexico. Prior to joining Xtra-Gold, he was VP, Exploration of Ginguro Exploration Inc. (TSX-V: GEG) and VP, Corporate Development of Golden Sierra Nickel Corp. (Private Issuer), where he was responsible for the generation of precious and base metal exploration opportunities in Chile and Ecuador. Mr. Clement received a Geological Engineering Technology diploma from Cambrian College of Applied Arts and Technology, Sudbury, Ontario; and is a member of the Association of Professional Geoscientists of Ontario (“APGO”).
Douglas M. Flett, J.D., graduated from the University of Windsor Law School in 1972 and was called to the (Ontario) Bar in 1974. He practiced in his own corporate-commercial law firm until 1996 when he retired from practising law for a career in the resource industry. He continues to be a member of the Law Society of Upper Canada. He has been a Director of KWG Resources Inc. (KWG:CNSX) since 2006. He is a past Director of Kenora Prospectors & Miners Ltd., and is past President and currently a Director of Fletcher Nickel Inc., and a Director of Debuts Diamonds Inc. Mr. Flett is a member of the Compensation and Audit Committees for Tartisan Nickel Corp. He has completed the Rotman Institute of Corporate Directors SME Program.
Thomas Larsen is an executive in the resources sector with over 40 years of experience in the investment industry, specializing in corporate finance and management of junior resource companies, raising in excess of $150 million. Mr. Larsen is currently the Chief Executive Officer of Eloro Resources Ltd. and Cartier Iron Corporation. Additionally, Mr. Larsen previously held the position of President and Chief Executive Officer of Champion Iron Limited.
Mr. MacEachern has thirty years of exploration experience, seventeen of which were with Falconbridge Limited (now Glencore), where he was involved with significant nickel, copper and zinc discoveries in the Sudbury and Timmins mining camps. He coordinated numerous base and precious metals exploration programs at several of the world’s major operating nickel copper zinc and PGM mining camps, including the Sudbury, Thompson and Abitibi Nickel Camps, the Kidd Creek VMS Camp in Canada and, the Bushveld PGM Camp in South Africa. He has been involved in developing projects with junior exploration companies in Canada, South America, and Europe for base and precious metal. Mr. MacEachern was the former President & CEO of Canadian Arrow Mines Limited.
Mr. Wortel is a finance executive with over 20 years of experience in resource project analysis, transaction due diligence and financing. Starting in 1997, Mr. Wortel provided equity research coverage on the mining equity sector for sell side investment banks: National Bank, Dundee Capital and Northern Securities. Initially he covered the major gold companies and transitioned to the junior resource sector with an emphasis on near term production stories. In 2006, he joined Pathway Asset Management, a resource fund providing flow through funding to exploration companies. Here Mr. Wortel reviewed hundreds of gold and other resource projects as the fund placed over $1 billion into the sector.
Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce the completion of a positive Preliminary Economic Assessment ("PEA") for the 100% owned Kenbridge Nickel Project. The Kenbridge Nickel Project is in the Kenora Mining District, Northwestern Ontario. Kenbridge has an existing shaft to a depth of 2,042 ft (622 m), with level stations at 150 ft. (45 m) intervals below the shaft collar and two levels developed at 350 ft (107 m) and 500 ft (152 m) below the shaft collar.
The PEA was independently prepared by P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario under the supervision of Eugene J. Puritch, P.Eng., FEC, CET.
Highlights of the PEA (All currency is $CDN unless stated otherwise)
This PEA is focused solely on mining of the Mineral Resources at the Kenbridge Nickel Project underground mine and provides a solid base case for moving the Kenbridge Project forward. The PEA indicates a 9-year mine plan based on a 1,500 tonne per day underground mining and processing operation. The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources which assumes overall dilution of 47% (18% internal dilution from stope designs plus 29% external dilution) and a 94% mine recovery factor. Measured and Indicated Mineral Resources represent 3,508,000 tonnes at 0.70% Ni, 0.35% Cu and 0.01% Co (54 Mlb Ni, 27 Mlb Cu). Inferred Mineral Resources represent 1,013,000 tonnes at 1.21% Ni, 0.56% Cu and 0.01% Co (27 Mlb Ni, 13 Mlb Cu). Metal prices are based on long-term industry consensus forecast with nickel representing the primary contribution to revenues. USD metal prices used in the PEA were USD$10/lb Ni, USD$4/lb Cu and USD$26/lb Co. A $USD:$CDN exchange rate of 0.78 is applied. Life of mine ("LOM") processing recovers 200,900 tonnes of nickel concentrate at 15% Ni and 66,900 tonnes of copper concentrate at 24% Cu. This results in 52.6 million lbs of payable Ni and 30.7 million lbs of payable Cu.
LOM revenues from net smelter returns are estimated at $837 million. LOM operating costs are estimated at $292 million. Mining costs are estimated at $38.94 per tonne mined, processing costs are $17.74 per tonne and G&A costs are $7.96 per tonne. Cash operating costs are estimated at US$3.76/lb NiEq and all-in sustaining costs ("AISC") are US$4.99/lb NiEq. LOM capital costs are estimated at $227 million and include pre-production capital costs of $134 million. Pre-tax Net Present Value ("NPV") is estimated at $183 million using a 5% discount rate. Pre-tax Internal Rate of Return ("IRR") is 26%.
Net cash flow of $837 million less operating costs of $292 million less royalties of $22 million less closure costs of $10 million less capital expenditures of $227 million less taxes of $105 million results in an after-tax cash flow of $180 million. After-tax NPV using a 5% discount rate is estimated at $109 million and after-tax IRR is estimated at 20%. Financial highlights are shown in Tables 1 and 2 below.
Mark Appleby, President and CEO of Tartisan, states: "We are extremely pleased with the results of the PEA which is focused solely on the current underground Mineral Resource. There remains excellent potential to increase and upgrade the quality of the near surface mineralization at Kenbridge thereby adding additional years of production or providing the basis for an increase in annual throughput. By adjusting the mining plan to be an underground operation it allows Tartisan to utilize the existing shaft infrastructure thereby accessing higher grades of mineralization early in the proposed mine life. The PEA provides compelling evidence to move towards Feasibility and for the Kenbridge Nickel Project to move into production. The Company has commenced the necessary baseline studies which are essential and necessary in Project Permitting and is upgrading the access road to site with completion anticipated in September 2022. Tartisan continues to develop positive relationships with its surrounding First Nations through its First Nation consulting partner Talon Resources and Community development Inc. Every effort is being made for the Tartisan Kenbridge Project to become a part of the nickel supply chain this decade!"
Table 1: Net Present Value and Internal Rate of Return Calculations
The previous Mineral Resource Estimate on the Kenbridge Project was disclosed on September 2, 2020, and was based on a combination of pit-constrained and out-of-pit Mineral Resources. There has since been 10 holes drilled in 2021. Updated engineering studies have indicated that potential pit-constrained Mineral Resources are less economic than out-of-pit Mineral Resources. Therefore, the new drill holes have been incorporated into an updated Mineral Resource Estimate based on a potential underground mining operation, as presented in Table 3 below. The effective date of the Mineral Resource is July 6, 2022.
Note: Ni =Nickel Cu = Copper, Co = Cobalt, NSR = Net Smelter Return.
1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. 2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. 3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration. 4. The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. 5. The Mineral Resource Estimate is based on US$ metal prices of $8.25/lb Ni, $4.00/lb Cu, $26/lb Co. The US$:CDN$ exchange rate used was 0.76. 6. The NSR estimate uses flotation recoveries of 75% for Ni, 77% for Cu, 40% for Co and smelter payables of 92% for Ni, 96% for Cu, 50% for Co. 7. Mineral Resources were determined to be potentially extractable with the longhole mining method based on an underground mining cost of $77/t mined, processing of $19/t and G&A costs of $4/t.
Cautionary Statement - The reader is advised that the PEA summarized in this news release is intended to provide only an initial, high-level review of the project potential and design options. The PEA mine plan and economic model include numerous assumptions and the use of Inferred Mineral Resources. Inferred Mineral Resources are considered to be too speculative to be used in an economic analysis except as allowed by NI 43-101 in PEA studies. There is no guarantee the project economics described herein will be achieved.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel-Copper Project located in the Kenora Mining District, Northwestern Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 108,922,503 shares outstanding (120,218,018 fully diluted).
Dean MacEachern, P.Geo. and Eugene Puritch, P.Eng, FEC, CET are the respective Company and independent Qualified Persons under NI 43-101 and have read and approved the technical content of this News Release.
The Company will file the PEA on SEDAR at www.sedar.com in accordance with NI 43-101 within 45 days of this news release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130620
News Provided by Newsfile via QuoteMedia
Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce that environmental baseline studies have commenced at the Kenbridge Nickel Project, Kenora Mining District, Northwestern Ontario.
Tartisan has retained Knight Piesold Consulting ("KP") and Blue Heron Environmental ("BH") to carry out these time sensitive studies. Spring 2022 environmental baseline studies are critical to the advancement of the Project and the permitting and approvals process for the Kenbridge Nickel Project.
Tartisan Nickel Corp. CEO Mark Appleby commented, "Commencement of Baseline Studies is an important next step in the advancement of the Kenbridge Nickel Project. The Company is now reviewing all necessary steps in the permitting and approval process and we look forward to additionally updating shareholders on our proposed summer work program in the coming weeks".
The Kenbridge Nickel Project is located via the Trans-Canada Highway, 10.2 km from the township of Sioux Narrows. The Kenbridge Nickel Project has a Mineral Resource Estimate (SEDAR: June 1, 2021), a 622-meter three compartment shaft with two underground level workstations and has never been mined. As previously announced, Tartisan has retained P & E Mining Consultants Inc. to update the historic Preliminary Economic Assessment ("P.E.A") on the Kenbridge Nickel Project. The "P.E.A" is now in the wrap up phase and the Company hopes to update shareholders next month.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp., New Break Resources Ltd., and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN; OTCQX: TTSRF; FSE: 8TA). Currently, there are 108,922,503 shares outstanding (120,218,018 fully diluted).
Dean MacEachern P. Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125927
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Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce that the Company has concluded its normal course issuer bid ("NCIB"), under which the Company purchased a total of 4,869,300 of the Company's common shares, which represented approximately 4.64 % of the issued and outstanding common shares of the Company.
Tartisan commenced the "NCIB" because it believed that the underlying value of the Kenbridge Nickel Project, along with the Company's portfolio holdings, are not adequately reflected in the market price of its common shares. Tartisan Nickel Corp. believed that the repurchase of its common shares for cancellation represented an appropriate use of the Company's financial resources and should enhance shareholder value in the long run.
The "NCIB" was initially announced on March 10, 2021 (SEDAR) and commenced on March 17, 2021. The "NCIB" expired/terminated on March 17, 2022. All common shares purchased under the "NCIB" were purchased on the open market through the facilities of the Canadian Securities Exchange (the "CSE") and/or alternative trading systems. All purchases under the "NCIB" were made at the prevailing market price for the common shares at the time of purchase, and in total were at a combined average of price of approximately $0.41 cents per common share. Common shares acquired by the Company under the "NCIB" have all been cancelled. Tartisan Nickel Corp. had appointed Independent Trading Group (ITG) Limited as its broker to conduct the "NCIB" purchases on its behalf. There are currently 108,922,503 common shares issued and outstanding.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp., New Break Resources Ltd., and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 108,922,503 shares outstanding (120,218,018 fully diluted).
Dean MacEachern P. Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117701
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Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to provide additional diamond drill core assay results and an update on Tartisan Nickel Corps. 100% owned Kenbridge Nickel Project, located in the Kenora Mining District, Ontario.
Hole KB21-206 intersected two nickel-copper zones at a drill depth of 975 metres and 996 metres. The two zones are interpreted to represent the downdip extension of two horizons (Zone A and Zone B) intersected in holes KB21-198, KB21-200, KB21-202 and KB21-204. In KB21-206 Zone A returned 2.8 metres of 0.86% Ni and 0.18% Cu including a higher-grade section of 1.5 metres of 1.30% Ni and 0.28% Cu. In the same hole Zone B returned 6 metres of 0.47% Ni and 0.18% Cu including 2.5 metres of 0.74% Ni and 0.19% Cu. Hole 206 is located approximately 150m below the deepest drill hole intersection completed in the 1950's (Drill hole K2011- 4.25% Ni over 3m) and is 125 metres north of hole KB21-204 (see press release November 29, 2021, SEDAR). Hole KB21-204 Zone A returned 1.05 metres of 3.18% Ni and 0.19% Cu including a higher-grade section of 0.35 metres of 7.73% Ni and 0.16% Cu. In the same hole Zone B returned 7.8 metres of 0.85% Ni and 0.54% Cu including 4.0 metres of 1.15% Ni and 0.71% Cu. (see Figures 2 and 3). Hole KB21-205 has also been completed with assays pending.
All drill holes completed at the Kenbridge Nickel Deposit have been surveyed with a downhole TDEM system. Interpretation of the data suggests the mineralization extends to depth below the deepest intersections drilled to date.
Mark Appleby, President and CEO of the Company, commented, "We're encouraged by the current metal prices for nickel and copper. Our drilling at the Kenbridge Nickel Deposit suggests there are additional tonnes to be added to the current mineral resource estimate. The borehole TDEM surveys suggest there are higher grade/conductivity targets at depth and along strike. Drilling these high value targets in 2022 should along with our 2021 results enhance the economics of the project. In our upcoming 2022 work program, the Company will continue to enhance the infrastructure of the project including improving all season access into the property and upgrading the core processing facilities. Tartisan will be putting in the necessary enhancements to facilitate year-round work programs. We are moving the Company towards feasibility and recent metals prices are only fueling encouragement."
Figure 1: Location of the Kenbridge Nickel Deposit and Kenbridge North Targets
To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/1492/115952_bd18661d545a98c4_002full.jpg
Figure 2: Section (East-West) at the Kenbridge Nickel Deposit looking south. Green outline is the current Mineral Resource. Blue and purple are associated gabbro pyroxenite favorable host rocks. Red and Orange outlines are newly modelled borehole TDEM anomalies which are interpreted to extended below the deepest drill intersections. Hole KB21-206 is located approximately 150m below the deepest drill hole intersection completed in the 1950's (Drill hole K2011- 4.25% Ni over 3m) and 125m north of hole KB21-204.
To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/1492/115952_bd18661d545a98c4_003full.jpg
Figure 3: Long Section in lower portion of Kenbridge Nickel Deposit looking west showing drill hole pierce points. Green outline is the current Mineral Resource.
To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/1492/115952_bd18661d545a98c4_004full.jpg
Table 1: Drill hole intersections for holes drilled at the Kenbridge Nickel Deposit received to date. Assays for hole KN21-205 are pending.
To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/1492/115952_bd18661d545a98c4_005full.jpg
The Company previously released an Updated Mineral Resource Estimate (MRE) of the Kenbridge Nickel-Copper-Cobalt Project, Atikwa Lake Area, Northwestern Ontario (SEDAR June 1, 2021). The Company is in the process of updating the mineral resource with the recent results from the 2021 drill campaign. These results will be incorporated into an updated Preliminary Economic Assessment considering recent metal price forecasts. The Company is also planning to begin base line environmental surveys and geochemical kinetic studies in order have sufficient data to move towards permitting for an eventual production decision if warranted.
Borehole TDEM surveys will be completed on the Kenbridge North target during the winter once ground and weather conditions allow and will be combined with a ground TDEM survey over 2 additional identified targets to the east and west of the Kenbridge North Grid.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp., New Break Resources Ltd., and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 109,138,503 shares outstanding (120,434,018 fully diluted).
Dean MacEachern P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115952
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Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce that the Company has acquired an additional 27 claims contiguous to the Kenbridge Nickel-Copper Deposit in northwest Ontario, approximately 60 km southeast of Kenora, Ontario. The total property size now consists of 142 patented and unpatented staked units covering 2,637ha. The claims were acquired as part of the Company's strategy to assess promising environments on strike of the Kenbridge Nickel Deposit. The Company has acquired a 100% interest subject to a 1.5% NSR, with the right to buy 0.5% back for $200,000.
Mark Appleby, President and CEO of Tartisan Nickel Corp. stated, "The Company is formulating an exploration plan to encompass these newly acquired claims in the upcoming 2022 field work program. The acquisition of these prospective claims compliments the company's larger objective of developing the Kenbridge Nickel Deposit into an operating mine with a central milling facility. 2022 will be a breakthrough year for Tartisan Nickel Corp. as we get closer to a production decision."
Figure 1: Location and Regional Geology of the Kenbridge Ni-Cu Deposit and Turtle Pond Project
To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/1492/114686_1dbd57b8b4700854_002full.jpg
Figure 2: Kenbridge Ni-Cu Deposit, Property Outline and Historical Mineral Showings (source OGS).
To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/1492/114686_tartisanfigure2.jpg
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flag ship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp., New Break Resources Ltd., and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 109,138,503 shares outstanding (120,434,018 fully diluted).
Dean MacEachern P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114686
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CMX Gold & Silver Corp. ("CMX" or the "Company") (Canadian Securities Exchange: CXC) (CNSX:CXC.CN) is pleased to announce that it has completed the first tranche of the non-brokered private placement (the "Offering") described in its news release of June 1, 2022. The Company issued an aggregate of 2,860,000 units (the "Units") at a price of CDN$0.09 per Unit for gross proceeds of CDN$257,400. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one Share at an exercise price of CDN$0.18 per Share until July 14, 2024 which is 24 months from the date of issuance.
Insiders of the Company acquired an aggregate of 710,000 Units in the Offering, which participation constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units acquired by the insiders, nor the consideration for the Units paid by such insiders, exceed 25% of the Company's market capitalization. As required by MI 61-101, the Company advises that it expects to file a material change report relating to the Offering less than 21 days before completion of the Offering, which is necessary to complete the Offering in an expeditious manner and is reasonable in the circumstances.
The proceeds of the Offering will be used for work programs on CMX's Clayton Silver Project in Idaho, USA, including planning and site preparation for future drilling programs and for general working capital purposes.
The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.
CMX's 100%-owned Clayton Silver Property is located in the mining-friendly State of Idaho, USA. The property comprises approximately 684 acres in Custer County in south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of underground development. Two major ore bodies were partially mined: the "South Ore Body" and the "North Ore Body".
The recorded production from the Clayton Mine included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985. Significant potential is demonstrated in hole 1501-A, drilled in the mid-1960's, which penetrated the mineralized zone at 1,425 feet. At that depth, the hole intercepted 22 feet of 4.07 oz Ag/t, 5.75% lead and 5.37% zinc (note: true width is unknown).
The Company has signed an agreement with Sulphide Remediation Inc. ("SRI"), a firm specializing in mineral processing (see May 31, 2022 news release). SRI utilizes precision ore sorting technology to high-grade mine stockpiles of unprocessed rock to enhance the grade of material delivered to a toll mill. The results of testing the ore sorting process on the stockpile material should position CMX to generate cash flow in 2023.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For further information contact: Robert d'Artois, Investor Relations at (604) 329-0845 bobdartois@cmxgoldandsilver.com or Jan M. Alston, President & C.E.O. at (403) 457-2697 janalston@cmxgoldandsilver.com .
You can also visit the Company's Website: www.cmxgoldandsilver.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding the Company's business plans, expectations and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company's profile and on the Company's website, https://cmxgoldandsilver.com/home. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL); (FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below
Figure 1 - General Property Location
The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.
Peter Hawley, President, CEO reports; " The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares and the Book 9, 10 copper occurrence is now thought to be the potential southern extension of the Book 6 occurrence which would give the vein a total length of 1.6 kilometers. See Figure 3 below.
Figure 3 - Bronson Property, Book 9,10 Location
A total of 56 person days were spent on the property with 199 rock samples taken on 7 areas prospects which are the; Book 6, Book 9, Book 10, 428 Central, 428 South, PJ105 and PJ100. See Figure 4 below.
Figure 4 - Bronson Property, Area of 2021 Prospecting
The Book 9-10 Occurrence is located due south of the Book 6 Occurrence. Numerous examples of mineralized quartz-carbonate float,representing the northern part of the occurrence, were discovered on the western slope of the valley, 400 meters south of the southern exposure of the Book 6 Occurrence. See Photo 1 below.
Photo 1- Bronson Property Book 9-10 Veins
On July 18, 2021 22 float samples (D-723145- 149 & 151-167) were collected at ~5 meters intervals along 2 southeast trending lines, 30 meters apart, at elevations of 1,730-1,748 meters. See Table 1 and Photo 2 below.
Photo 2- Bronson Property Book 9-10 Veins
Three samples, D-723458, 161 & 167, with 3-30% chalcopyrite, that were collected on the north-eastern line, assayed greater than 1%copper (D-723167-9.78%, 161-2.14% & 158-1.13%). See Table 1 and Photo's 3, 4 below.
Photo 3- Bronson Property Book 9-10 Veins, Sample D-723167 - 9.78% Copper
Photo 4- Bronson Property Book 9-10 Veins, Sample D-723161 - 2.14% Copper
The other 19 samples had concentrations of 0-3% chalcopyrite and contained less than 1% copper, see table 1 below.
Table 1 - Bronson Property, Book 9 - 10 Occurrences
All samples taken were photographic and GPS location taken plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 5 below.
Photo 5 - Bronson Property, Book 9, 10 Geotagged data, Sample D-723167 - 9.78% Copper
Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.
For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:
Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.
Ag-GRA21 Ag by fire assay and gravimetric finish.
Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.
Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.
Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org
For further information please contact: info@fabledcopper.org
The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
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Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ('Copper Fox' or the 'Company'), through its wholly owned subsidiary Desert Fox Copper Inc., are pleased to provide 2022 plans to advance its 100% owned Van Dyke copper project located in the Globe-Miami Mining District, Arizona.
The Van Dyke project is an in-situ copper recovery ('ISCR') project, located in a Tier 1 mining jurisdiction surrounded by existing infrastructure. In early 2021, a Preliminary Economic Assessment, prepared in accordance with National Instrument 43-101, (click here for the News Release) suggested that the project should be advanced to the Preliminary Feasibility Stage and has the potential to become a mid-tier copper mine. Highlights of the proposed 2022 program are set out below:
Elmer B. Stewart, President and CEO of Copper Fox stated, "Adopting a staged, multi-purpose approach is a capital effective mechanism to advance the Van Dyke project to the Preliminary Feasibility Stage. The Phase I activities are designed to establish a base on which to advance the project to Phase II which includes additional drilling designed to expand the hydrogeological monitoring system and collection of data related to resource expansion/upgrading and metallurgical and geotechnical aspects of the project. Copper Fox's activities are conducted on a transparent and inclusive basis in line with its ESG policy guidelines."
Archeological, Cultural and Biological Studies: Compliance with State and Federal statutes is a fundamental aspect of project development. To ensure that planned activities are protective of any sites that may have archeological and cultural significance, and to avoid any adverse impacts to plant and animal communities present within the project area, surveys covering these important aspects of project development are underway.
Phase I: The 2022 program is designed to establish new hydrogeological monitoring sites utilizing existing drill holes where possible. The 2022 program will investigate the possibility of rehabilitating these wells as future hydrogeological monitoring sites. If it is determined that these wells can be rehabilitated, then testing of these drill holes to establish a baseline for water levels and quality would follow which would vastly improve the current understanding of the hydrogeological setting for the Project site.
The proposed testing program is expected to establish the range of hydraulic properties of the primary groundwater bearing units and structures, groundwater flow directions (vertical and horizontal hydraulic head distribution), communication of flows between geological units (boundary conditions), as well as hydrogeologic influences from historical and current mining workings located on adjacent properties and on the Project site itself.
The data obtained from Phase I activities (monitoring and testing) would support the development of a conceptual 3D numerical groundwater model and identify areas of uncertainty and guide a second phase of field work to further refine the model for the purpose of supporting potential future regulatory applications.
Existing Monitoring Well Rehabilitation and Surveying: Three inactive monitoring locations (drill holes VD14-2, VD14-3, and VD-14-5) and five inactive wells (drill holes M-5, M-6, OXY-42, OXY-43, and OXY-47A), as well as the existing Van Dyke mine shaft have been selected for surveying using a downhole video camera to document and assess the potential of re-entering and instrumenting these drill holes. Assuming positive results from the downhole video survey:
For drill holes VD14-2, VD14-3, and VD-14-5; the condition of previously installed Vibrating Wire Piezometers(VWP) installations and data loggers will be inspected, and any repairs or maintenance undertaken. The goal will be to put the VWPs back into active operation to support ongoing data collection if possible and quarterly data downloads.
Phase II: Upon completion of the Phase I activities, Phase II will consist of the installation of at least eight new groundwater monitoring well clusters. (each cluster consisting of three drill holes) to establish a broader hydrogeological monitoring system to conduct ongoing data collection that will include water level data, groundwater quality sampling, and pump tests of various durations (i.e., 48 (forty-eight) hours, one week, and one month) at selected locations. The purpose of the test work will be to collect data on the:
The results of the pump testing can be used to improve the understanding of the hydrogeological conceptual model for the Project site, as well as improve the accuracy of the groundwater numerical model.
Refinement of Hydrogeological Conceptual Model: The development of a conceptual hydrogeological model for the Project is in progress and relies on the existing geological model as a starting point. As the Phase I and II field data are collected, the conceptual model forms the basis for the development of a numerical 3D hydrogeological model that will be used as a predictive tool for project. The development of the numerical model will be an ongoing iterative process that will help to decrease regulatory risk and improve both mining and environmental performance. The predictions provided by the model will support Project design, operations, and closure/post-closure planning. The development of an accurate and detailed numerical hydrogeological model is a key requirement that will support the preparation of future permit applications which will be subject to expert technical reviews conducted by federal and state authorities.
Elmer B. Stewart, MSc. P. Geol., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.
About Copper Fox: Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. For more information on Copper Fox's other mineral properties and investments visit the Company's website at http://www.copperfoxmetals.com.
On behalf of the Board of Directors
Elmer B. Stewart President and Chief Executive Officer
Lynn Ball: investor@copperfoxmetals.com (844) 464-2820 or (403) 264-2820
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding; advancing the Van Dyke project to the Preliminary Feasibility Stage; the project having potential to be a mid-tier copper mine; adoption of a two-phase program being capital effective; Phase I establishing a base to advance to Phase II; rehabilitating existing drill holes.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards and the reliability of historical reports. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the surveys may not provide the information needed to advance the project; the existing drill holes may not be able to be rehabilitated; Phase I program may not be completed as planned or at all; the cost of Phase I, estimated at US$240,000, may not be sufficient to cover the cost of the activities; Phase II program may not be completed as planned or at all; the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130683
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Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") announces that it has awarded incentive stock options pursuant to its stock option plan, to various directors, officers, and consultants of the Company, to purchase up to an aggregate of 2,110,000 common shares of the Company. The stock options are exercisable at a price of $0.57 per share and will expire five years from the date of grant.
The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.
The Company reiterates that its near-term strategy to advance its assets is not impacted by the COVID-19 Corona virus. The Company continues to monitor the situation and is in compliance with all government guidelines.
For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com.
Mr. William Wagener, Chairman & CEO
Getchell Gold Corp. 1-647-249-4798 info@getchellgold.com
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130716
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Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's has begun its first work program on its recently acquired Georgia Lake Lithium Project in the Thunder Bay Mining District, Ontario
"We are excited to begin our first work program at our fully owned Georgia Lake property, which is based in the proven Lithium region within the Thunder Bay District," said Mr. Mark Ireton, Victory Resources President and CEO. "Victory's Georgia Lake property is ideally situated in a proven lithium region, and one with mining infrastructure supported by the Government of Ontario and from Rock Tech, which will allow us to realize the full potential of any commercially viable deposits within the project."
As it relates to Victory's press release on 5 July 2022, Terms of the Agreement for the 100% acquisition of the Company's Stingray II property are $10,000 in cash and 2.5 million common shares payable on Regulatory and Exchange approval.
The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653) E-mail: IR@victoryresourcescorp.com
Victory Resources Corporation (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
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● EV22-12 intersects 14.3 metres grading 1.50% Ni, including 5.4 metres grading 2.96% Ni ● EV22-13 intersects 15.8 metres grading 0.85% Ni, including 5.5 metres grading 1.33% Ni ● Initial results from the Phase 2 Drilling focused on the down plunge potential of the Langmuir W4 Zone ● This High-Grade mineralization is referred to as the "W4 Extension", between 200 and 500m from surface
EV Nickel Inc. (TSX-V:EVNI) ("EVNi" or the "Company") is pleased to provide additional exploration drilling results for its Shaw Dome Nickel Project, southeast of Timmins, Ontario. Today the Company reports the assay results of the first two holes completed as part of the Phase 2 Drilling, targeting the down plunge potential of the Langmuir W4 Zone. Each of the holes intersected high-grade nickel sulphide mineralization consistent with the previously identified Langmuir W4 Zone indicating that the high-grade mineralized envelope extends beyond the lower limits of the previously tested areas
Table 1, below, summarizes the assay results for these holes.
"These significant intercepts highlight the potential to expand the W4 Nickel Zone down the interpreted plunge of the mineralized envelope." states Paul Davis, EVNi's Vice President of Exploration. "The continuation of the high-grade mineralization over significant drill core widths, including the 5.4 metres of 2.96% nickel gives me confidence that we will be able to extend the W4 Zone along plunge. The extension of the mineralization is consistent with Kambalda Style Deposits, being associated with a definable feature that concentrates the nickel sulphides into embayment or channel like features that can extend for considerable distances- like the other nickel deposits in the Shaw Dome including the Langmuir #2, Redstone and Hart Deposits".
For more context on these drill results, join VP, Exploration Paul Davis and CEO Sean Samson for a live digital event tomorrow, July 12th at 12pmET/9amPT. A brief Q&A session will follow the presentation. Please register for this livedigital event by clicking here.
As previously disclosed (see Drilling Update News Release from June 27th, 2022) the Company expects continued results from Phase 2 Drilling - W4 Extension, over the coming months. In addition, management conducted an interview related to the Exploration Drilling, outlining Phases 1 through 4 and the plans for a future Technical Report. That interview is posted online and can be viewed by clicking here.
EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. In addition to extensive historic production, the Shaw Dome area is home to the Langmuir W4 Zone, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a Clean Nickel TM business, targeting the growing demand for Class 1 Nickel from the electric vehicle battery sector. EV Nickel has more than 30,000 hectares to explore and has identified more than 100km of favourable strike length.
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore, drill and develop its projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
For further information, visit www.evnickel.com Or contact: Sean Samson, Chief Executive Officer at samson@evnickel.com.
EV Nickel Inc. 200 - 150 King St. W, Toronto, ON M5H 1J9 www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
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