Tartisan Nickel Corp. (CSE:TN, OTCQX:TTSRF) said it has acquired an additional 27 claims contiguous to its Kenbridge nickel-copper deposit in northwest Ontario.
The Toronto-based company noted that the total property size now consists of 142 patented and unpatented staked units covering 2,637 hectares. The claims were acquired as part of its strategy to assess promising environments on strike of the Kenbridge Nickel Deposit.
"The company is formulating an exploration plan to encompass these newly acquired claims in the upcoming 2022 fieldwork program,” the company’s president and CEO Mark Appleby said in a statement.
“The acquisition of these prospective claims complements 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. (CSE:TN, OTCQX:TTSRF)as we get closer to a production decision."
READ: Tartisan Nickel intersects high-grade nickel in deepest hole to date at its Kenbridge project in Ontario
Under the terms of the deal, Tartisan acquired a 100% interest in the claims, subject to a 1.5% net smelter return (NSR) royalty, with the right to buy 0.5% back for $200,000.
Tartisan Nickel Corp is a mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District in 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 owns equity stakes in Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp, New Break Resources Ltd, and Silver Bullet Mines Inc.
Contact the author at stephen.gunnion@proactiveinvestors.com