Tartisan Nickel closes second tranche of its C$4.5M flow-through financing
Proceeds from the financing will be used to fund the exploration and development of the company's flagship Kenbridge nickel project in northwestern Ontario
Company
CNSX:TN
Tartisan Nickel Corp. is a Canadian mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit, Kenora Mining District, Ontario, Canada. The Kenbridge Nickel Deposit has an updated measured and indicated mineral resource estimate of 7.5 Mt of 0.58% nickel, 0.32% copper for a total of 95 Mlb of contained nickel. An additional 0.985 Mt at 1% Ni and 0.62% Cu (22 Mlb contained Ni) of inferred resource along with a contained resource estimate of 53 Mlb of copper. (Sedar: September 17, 2020). The Kenbridge Nickel Deposit is equipped with a 622m deep shaft. Mineralization is open at depth and along strike. Tartisan owns the Sill Lake Silver Project, Sault Ste Marie, Ontario. In Peru, Tartisan owns the Don Pancho Manganese-Zinc-Lead-Silver Project. Tartisan owns an equity stake in Eloro Resources Ltd which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru as well as the Iska Iska Silver Property in Bolivia. Tartisan owns an equity stake in Class 1 Nickel & Technologies Limited and in Peruvian Metals Corp.
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Proceeds from the financing will be used to fund the exploration and development of the company's flagship Kenbridge nickel project in northwestern Ontario
Proceeds from the financing will be used to fund the exploration and development of its flagship Kenbridge nickel project in north-western Ontario
Kenbridge’s total measured and indicated resources is 7.47 million tonnes at 0.6% nickel and 0.32% copper or a total of 95 million pounds of contained nickel
Results of the borehole survey conducted on two historic drill holes at the deposit suggest conductive material does continue to depth and to the north of the deposit
Nickel is the main component in an electric car battery which has significantly increased range, a key driver for consumers
The company has hired Crone Geophysics & Exploration Ltd to complete the surface Time Domain Electromagnetic (TDEM) survey
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The new claims lie in the Sault Ste. Marie Mining District in Ontario and the asset now spans around 933 hectares
CEO Mark Appleby told shareholders that the preliminary economic assessment (PEA) update is the first step towards completing a full bankable feasibility study on Kenbridge