Canadian North Resources Inc. Reports the Assay Results from the Spring Drilling Program: Significantly Expanding the Near-Surface Mineralized Zones of Nickel, Copper, Cobalt, Palladium and Platinum at the Ferguson Lake Project in Nunavut, Canada

Canadian North Resources Inc. Reports the Assay Results from the Spring Drilling Program: Significantly Expanding the Near-Surface Mineralized Zones of Nickel, Copper, Cobalt, Palladium and Platinum at the Ferguson Lake Project in Nunavut, Canada

 

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the assay results for the 6,151 metres in 21 holes of diamond drilling completed during the spring at its 100% owned Ferguson Lake Project ("Ferguson Lake Project") in Nunavut, Canada. The Ferguson Lake project contains base metals (nickel, copper, cobalt) and platinum-group metals ("PGM", mainly palladium and platinum), as well as potentially lithium minerals, along a 15-km-long main mineralized horizon and numerous additional prospective areas.

 

  Highlights:  

 
  •   Completed resource definition drilling on the east extension (an area of 1,200m by 100-250m) of West Zone and the west extension (an area of 1,500m by 100-300m) of East Zone;  
    •  
  •   Highlighted new assay results:  
    •   10.0m (from 47.57 – 57.57m) at 0.89% Cu, 0.53% Ni, 0.08% Co, 1.05g/t Pd, 0.12g/t Pt and 0.02g/t Rh (hole FL23-504A);  
      •  
    •   5.0m (from 84.5-89.5m) at 0.83% Cu, 0.34% Ni, 0.04% Co, 0.78g/t Pd, 0.12g/t Pt, 0.01g/t Rh and   5.0m (from 119 - 124m) at 0.32% Cu, 0.83% Ni, 0.12% Co, 1.22g/t Pd, 0.19g/t Pt, 0.02g/t Rh (hole FL23-515);  
      •  
    •   14.0m (from 16.99-30.99m) at 0.32% Cu, 0.39% Ni, 0.05% Co, 0.65g/t Pd, 0.16g/t Pt, 0.02g/t Rh (hole FL23-501);  
      •  
    •   5.0m (from 87.5-92.5m) at 0.61% Cu, 0.83% Ni, 0.07% Co, 1.07g/t Pd, 0.17g/t Pt, 0.01g/t Rh (hole FL23-521).  
      •  
    •  
  •   5 drill rigs are currently operating to complete the planned 20,000-meter drill program in 2023, of which 11,723 meters in 37 holes have been drilled to date.  
    •  

"The spring on-ice drilling program further confirmed the main mineralized horizon trending across Ferguson Lake," said Dr. Kaihui Yang, the President and CEO of Exploration. "With this and the spring drilling programs in 2022, we have completed definition drilling of the west extension of East Zone, for an area of 1,500 m by 100-300m, and the east extension of West Zone, for an area of 1,200m by 100-250m. Those near-surface mineralization zones will add significant new or up-graded resources to the current mineral resource estimates (Refer to "Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada, Prepared by Ronacher McKenzie Geoscience Inc. and Francis Minerals Ltd" filed by the Company to Sedar.com on July 13, 2022)."

 

"With 5 drill rigs operating in the field, the Company is continuing its planned 20,000-metre drill program in 2023," said Dr. Trevor Boyd, the Vice President for Exploration of the Company. "We are focusing on primarily expanding and upgrading the near-surface mineral resources of the West and East Zones; defining the potential new near-surface resources along sub-parallel M-Zone and A51 Zone; and testing the new targets along the east extensions of the East Zone and A51 Zone, West Zone South and South Discovery Zone."

 

The 2023-spring drill program intersected near-surface massive sulphides (>2.0 meters) of the main horizon in 16 out of the 21 holes along the West Zone extension and East Zone across the Ferguson Lake (Figure 1). It successfully intersected a second parallel trending disseminated sulphide zone approximately 200 metres south of the Central Zone. This encouraging second zone has been identified as a separate target from the compilation and re-plotting of an interpreted historic airborne VTEM conductor. The assay results show this second zone is PGM enriched, which is comparable and correlated with the deep PGM mineralization in the West Zone.

 

 The Extensions of West Zone and East Zone defined by the drill holes completed in the springs of 2022 and 2023 in addition to historic drill holes.

 

Figure 1: The Extensions of West Zone and East Zone defined by the drill holes completed in the springs of 2022 and 2023 in addition to historic drill holes.

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/2be0c130-67cc-48dd-b6d2-db3e87fc29b8  

 

  East Extension of West Zone:  

 

The Company has drilled 18 holes on ice, including 9 holes completed in 2023 spring and 9 holes in 2022 spring, for infill and expansion of the east extension of the West Zone connecting to the Central Zone. These drill holes confirmed and expanded the mineralized zones as indicated in the historic 34 holes. With the total of 52 drill holes, the east extension of the West Zone is well defined for 1,200m by 100-250 m.

 

  West Extension of East Zone:  

 

A total of 20 holes on ice, including 12 holes completed in 2023 spring and 8 holes in 2022 spring, have been drilled by the Company to infill and expand the west extension of the East Zone. These holes confirmed the near-surface mineralized intersections by the historic holes. These holes, together with 46 historic holes, well define the west extension of the East Zone for an area of 1,500m by 100-300m.

 

The new assay results are summarized in Table 1. These new assay results, together with the assay results released earlier (Refer the news release on February 21, 2023), will be added to the dataset to improve the block model and to update the Mineral Resource estimate that was announced on June 13, 2022 (Refer to "Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada, Prepared by Ronacher McKenzie Geoscience Inc. and Francis Minerals Ltd" filed by the Company to Sedar.com on July 13, 2022).

 

The Company continues drilling focusing on the near surface open-pit resource definition and the expansion of both the Ni-Cu-Co-Pd-Pt bearing massive sulphides and the footwall disseminated sulphide PGE mineralization zones along the main mineralized horizon along strike and down dip. To date, the Company has drilled 11,723 meters in 37 holes or over 50% of the planned drilling program, of which the 5,564 meters in 16 holes have been drilled since June and the assay results for those 16 drill holes are pending. In addition to drilling, the Company is carrying out in-hole geophysical surveys, surface sampling and mapping programs on the Ni-Cu-Co-Pd-Pt and lithium targets over the 253.8 km² of mining leases and exploration claims at the Ferguson Lake property.

 

Table 1: Assay results for selected intervals of the drill holes completed during spring 2023

 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
   From
(m)  		  To  
(m)  		  Length
(m)  		  Ni  
%  		  Cu  
%  		  Co  
%  		  Pd  
g/t  		  Pt  
g/t  		  Rh  
g/t  
FL23-500 44.36 47.41 3.05 0.12 0.30 0.02 0.22 0.06  
  57.80 62.59 4.79   0.34   0.22 0.04   0.64   0.11  
  135.66 140.18 4.52 0.06 0.23 0.01 0.03 0.00  
FL23-501 16.99 30.99   14.00    0.39   0.32 0.05   0.65   0.16 0.02
incl 16.99 20.99 4.00   0.42   0.47 0.06   0.69    0.33    0.04  
and 22.99 26.99 4.00   0.50   0.24 0.06   0.71   0.11 0.03
and 27.99 30.99 3.00   0.53   0.46 0.07   1.09   0.14 0.03
FL23-502 37.40 44.50   7.10   0.21 0.30 0.03 0.42 0.08 0.01
incl 43.50 44.50 1.00   0.88    0.61    0.10    1.50    0.30    0.05  
  121.88 123.48 1.60 0.12 0.16 0.03 0.09 0.01  
FL23-503 59.37 65.38   6.01   0.25 0.14 0.03   0.51   0.15  
incl 59.37 61.38 2.01   0.41   0.30 0.04   0.79   0.18  
and 64.38 65.38 1.00   0.50   0.11 0.07   0.80   0.18  
  FL23-504    46.18    51.25    5.07    0.93    0.65    0.11    1.57    0.19    0.07  
  FL23-504A    47.57    57.57    10.00    0.53    0.89    0.08    1.05    0.12    0.02  
  incl    48.57    55.57    7.00    0.68    1.02    0.10    1.30    0.15    0.02  
  140.50 144.50 4.00 0.09 0.18 0.01 0.04 0.01  
  156.50 158.00 1.50 0.03 0.19 0.01 0.06 0.01  
  FL23-505    47.62    53.62    6.00    0.42    0.69    0.05    0.73    0.08    0.01  
incl 48.62 52.62 4.00   0.59    0.86   0.07   1.02   0.10 0.01
  131.00 133.00 2.00 0.06 0.26 0.01 0.01 0.00  
FL23-506 104.00 113.00   9.00   0.23 0.35 0.03 0.41 0.09  
  incl    109.00    113.00    4.00    0.46    0.66    0.06    0.81    0.17    0.01  
  142.50 145.50 3.00 0.03 0.01 0.01 0.38 0.25  
  FL23-507    57.00    60.00    3.00    0.61    0.82    0.07    1.13    0.13    0.03  
incl 57.00 58.00 1.00 0.10   1.15   0.03 0.35 0.06 0.03
and 59.00 60.00 1.00   0.88    0.66    0.09    1.75   0.19 0.03
FL23-508 65.37 68.37 3.00   0.38   0.29 0.05   0.59   0.10  
incl 66.37 67.37 1.00   0.76   0.39 0.08   1.17   0.15  
FL23-509 59.83 62.83 3.00   0.39    0.67   0.06   1.09   0.10  
incl 60.83 61.83 1.00   0.58    1.04    0.11    1.08   0.19  
and 61.83 62.83 1.00   0.42   0.30 0.02   1.70   0.06  
  FL23-510B    57.79    63.79    5.00    0.41    0.20    0.04    0.75    0.19   
incl 60.79 62.79 2.00   0.88    0.33    0.09    1.63    0.46   0.03
  77.79 80.79 3.00   0.32   0.30 0.03 0.48 0.08 0.01
FL23-511 125.00 127.00 2.00   0.30    0.66   0.07   1.70    1.13   0.03
incl 126.00 127.00 1.00   1.14   0.32   0.12    1.85    3.37   
  132.00 136.00 4.00 0.06 0.48 0.01 0.13 0.05  
   146.00    149.00    3.00    0.42    0.45    0.04    0.80    0.13    0.01  
FL23-512 No significant intersections       
FL23-513A No significant intersections       
FL23-514 55.50 57.00 1.08   0.36   0.21   0.11   0.27 0.09 0.01
   61.55    64.55    3.00    0.62    0.84    0.08    1.08    0.16    0.02  
  76.55 78.50 1.95   0.45   0.11 0.07   0.70   0.05 0.01
  80.50 91.00   10.50   0.03 0.01 0.00 0.47   0.65   
  FL23-515    84.50    89.50    5.00    0.34    0.83    0.04    0.78    0.12    0.01  
incl 86.50 87.50 1.00   0.41    2.46   0.04   0.99   0.16  
   117.00    127.00    10.00    0.44    0.26    0.06    0.67    0.12    0.01  
incl   119.00    124.00    5.00    0.83    0.32    0.12    1.22    0.19    0.02  
FL23-516 52.50 60.00   7.50   0.04 0.02 0.01 0.30 0.07  
  350.50 355.00 4.50 0.05 0.01 0.01 0.40 0.36  
  368.50 380.50   12.00   0.06 0.02 0.01 0.49 0.06  
  Incl   370.00 277.50   7.50   0.08 0.03 0.01   0.62   0.08  
and 370.00 371.50 1.50 0.16 0.06 0.02   1.20   0.06  
FL23-517 No significant intersections       
  FL23-518    125.15    127.15    2.00    0.31    0.55    0.04    0.82    0.12   
FL23-519 No significant intersections       
FL23-520 No significant intersections       
FL23-521 43.00 56.00   13.00   0.11 0.17 0.02 0.22 0.04  
incl 43.00 46.00 3.00 0.11 0.30 0.03 0.36 0.05 0.01
  and   48.00 50.00 2.00 0.14 0.13 0.05 0.25 0.07 0.04
and 54.50 56.00 1.50   0.54    0.63   0.05   0.81   0.11 0.07
   87.50    92.50    5.00    0.61    0.83    0.07    1.07    0.17    0.01  
incl 88.50 90.50 2.00   0.96    1.08   0.09   1.59   0.19 0.01
and 89.50 90.50 1.00   1.08    0.98   0.07   1.57   0.21 0.01
 

  
Quality Assurance and Quality Control (QA/QC):  

 

 Canadian North Resources Inc. has implemented a quality control program for its Ferguson Lake Project to ensure best practice in the sampling and analysis of the drill cores, which includes the insertion of blanks, duplicates, and certified standards into the sample stream. NQ-sized drill core is saw cut with half of the remaining drill core sampled at intervals based on geological criteria including previous historic results, lithology, visual mineralization, and alteration. The remaining part of the core is stored on-site on the property.

 

Drill core samples are shipped by bonded carriers in secured containers and submitted to the ALS Geochemistry Yellowknife, Northwest Territories facility for sample preparation and forwarded to the ALS Geochemistry facility in North Vancouver, British Columbia for geochemical analyses. PGE and Gold analyses are obtained via industry standard fire assay with ICP-AES finish for Au, Pt and Pd and ICP-MS finish for Rh using 30g nominal sample weights. For samples returning greater than 10 g/t follow-up fire assay analysis with a gravimetric finish is completed. Samples are also analysed for 33 trace and major elements by ICP-AES following four-acid digestion. ALS Global quality systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101.

 

The sampling and QA/QC program were undertaken by Company personnel under the direction and supervision of Qualified Person Dr. Trevor Boyd, P.Geo. A secure chain of custody is maintained in storing and transporting of all samples.

 

  Qualified Person:  

 

The technical contents of this news release have been reviewed by Dr. Trevor Boyd, P.Geo., a qualified person as defined by Canadian National Instrument 43-101 standards.

 

  About Canadian North Resources Inc.:  

 

 Canadian North Resources Inc. is an exploration and development company focusing on the critical metals for the clean-energy, electric vehicles, battery and high-tech industries. The company is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project that covers an area of 253.8 km² of mining leases (96.9 km²) and surrounding exploration claims (156.9 km²) in the Kivalliq Region of Nunavut, Canada.

 

The Ferguson Lake mining property contains substantial resources in compliance with NI43-101 standards, which include Indicated Mineral Resources of 24.3 million tonnes containing 455 million pounds (Mlb) copper at 0.85%, 321Mlb nickel at 0.60%, 37.5Mlb cobalt at 0.07%, 1.08 million ounces (Moz) palladium at 1.38gpt and 0.18Moz platinum at 0.23gpt; Inferred Mineral Resources of 47.2 million tonnes containing 947Mlb copper at 0.91%, 551.5Mlb nickel at 0.53%, 62.4Mlb cobalt at 0.06%, 2.12Moz palladium at 1.4gpt and 0.38Moz platinum at 0.25gpt. The resource model indicates significant potential for resource expansion along strike and at depth over the 15 km long mineralized belt. (Refer to "Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada, Prepared by Ronacher McKenzie Geoscience Inc. and Francis Minerals Ltd" filed by the Company to Sedar.com on July 13, 2022). In addition, the Company has identified the pegmatites with lithium potential at the Ferguson Lake project.

 

Further information of the Company can be found at www.cnresources.com .

 

Also, for further information contact:
Dr. Kaihui Yang, President and CEO
905-696-8288 (Canada)
1-888-688-8809 (Toll-Free)
info@cnresources.com
  https://CNResources.com  

 

  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

Cautionary Note Regarding Forward-Looking Statements

 

Certain statements contained in this news release, including statements which may contain words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding the Company's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

 

These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law, anticipated events, except as expressly required by law.

 

 

 

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Canadian North Resources Inc. Announces Results of Annual General Meeting

Canadian North Resources Inc. Announces Results of Annual General Meeting

 

Canadian North Resources Inc. ("CNRI" or "the Company," TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce the voting results for the election of its Board of Directors at its Annual and Special Meeting of Shareholders held on June 18, 2024, in Mississauga, Ontario. A total of 75,369,669 common shares were voted at the Meeting, representing 65.81% of the common shares outstanding (114,527,617).

 

Shareholders approved the re-election of all Directors as listed in the Management Information Circular dated May 28, 2024, and the reappointment of MNP LLP, Chartered Professional Accountants, as auditors of the Company at a remuneration to be fixed by the directors. In addition, the resolution to ratify and approve the Company's Stock Option Plan was passed.

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Canadian North Resources Inc. Reports Financial Results and Operational Update for the First Quarter Ended March 31, 2024

Canadian North Resources Inc. Reports Financial Results and Operational Update for the First Quarter Ended March 31, 2024

 

  Highlights:  

 
  •   Filed the Mineral Resources Statement in compliance with the National Instrument 43-101 Standards that defines the large and high-grade Mineral Resources at the Ferguson Lake Project (Figure 1 and 2). 80% of the Indicated Mineral Resource is Open Pit, which   provides a solid Mineral Resource base for the initial development of a potential large mine.  
    •  
  •   Identified new targets with significant resource upside potential along strike and down dip of the 15 km long main mineralized horizon and on additional zones including M-Zone, A51-Zone, A51 Zone Extension, Small Island and Lake Zone, West Zone South and South Discovery Zone (Figure 1).  
    •  
  •   Planned new metallurgical tests, economic evaluation and infrastructure and environmental studies for low-carbon footprint mine development at the Ferguson Lake Project.  
    •  

Canadian North Resources Inc. ("Canadian North" or the "Company") (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report its operational and financial results for the first quarter ended March 31, 2024.

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Canadian North Resources Files NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

Canadian North Resources Files NI 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

 

  Highlights:  

 
  •   Indicated Mineral Resources to 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t.  
    •  
  •   80% of the Indicated Mineral Resources are Open Pit comprising 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt.  
    •  
  •   Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 40Mlb cobalt at 0.07%, 1.12Moz palladium at 1.43 g/t and 0.21Moz platinum at 0.25 g/t.  
    •  
  •   The Mineral Resources are estimated only for the West, Central and East Zone of the 15km long main mineralized horizon. The potential to identify additional Mineral Resources exists along the strike and down dip of the currently defined Mineral Resources and on satellite zones including M-Zone, A51-Zone, A51 Far Side Zone, West Zone South and South Discovery Zone.  
    •  

Canadian North Resources Inc. ("Canadian North" or the "Company") (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce that following the release of the Mineral Resource estimate on March 19, 2024, it has filed its National Instrument 43-101 Technical Report on its 100% owned Ferguson Lake base metal (nickel, copper, cobalt) and platinum-group metals ("PGM", palladium and platinum) Project ("the Ferguson Lake Project" or "the Project"), entitled "Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada ("the Technical Report")", prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, on SEDAR at http:www.sedar+.com . The Technical Report has also been posted on the Company's website at www.cnresources.com .

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Canadian North Resources Inc. Reports Operational and Financial Results for the Year Ended December 31, 2023

Canadian North Resources Inc. Reports Operational and Financial Results for the Year Ended December 31, 2023

 

  2023 Operational and Project Highlights:  

 
  •   The Company raised over $17 million for exploration, with cash and cash equivalents of $5,540,312 at the year end  
    •  
  •   Completed aggressive exploration programs with 21,126 meters in 47 holes drilled in 2023.  
    •  
  •   Adding results of 39,270 meters in 145 holes of new diamond drilling to the project database for the updated Mineral Resources estimation reported in Q1 2024, which includes:

     
    •   A 172% increase of Indicated Mineral Resources to 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t.  
      •  
    •   80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt.  
      •  
    •   Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 40Mlb cobalt at 0.07%, 1.12Moz palladium at 1.43 g/t and 0.21Moz platinum at 0.25 g/t.  
      •  
    •  

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce the operational and financial results for the year ended December 31, 2023.

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Canadian North Resources Inc. ("CNRI" or "the Company," TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) announces that it has filed with the TSX Venture Exchange a Notice of Intention to Make a Normal Course Issuer Bid ("NCIB") which is proposed to commence on April 10, 2024 and terminate on April 9, 2025 or the earlier of the date all shares which are subject to the Normal Course Issuer Bid are purchased.

 

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FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

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Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

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Further Information to 26 June Announcement

Further Information to 26 June Announcement

Manuka Resources (MKR:AU) has announced Further Information to 26 June Announcement

Download the PDF here.

Vertex Minerals Limited Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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