Zara Obtains Claims for Pigeon River from Pele

Zara Resources Inc. (CNSX:ZRI) and Pele Mountain Resources (TSX:GEM) have announced the execution of an agreement in which Zara will purchase 100% of the Pigeon River claims from Pele for $700,000. Pigeon River has an unexplored magnetic target which may potentially host nickel and other mineralization.

As quoted in the press release:

Alan Aubut P.Geo, an independent geological consultant with expertise in nickel/copper/platinum exploration in the Mid Continent Rift stated “The Pigeon River property possess many similarities to a number of world class nickel districts around the world including the Thompson Nickel Belt in Canada, where there has been continuous production since the early 1960′s of high grade nickel.”

Click here to read the full Zara Resources Inc. (CNSX:ZRI) press release.

Get the Latest Nickel Investing Stock Information

Get the latest information about companies associated with Nickel Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

Leave a Reply