Nickel

Victory Nickel Inc. (TSX:NI) announced several developments arising from the winter work program at its Minago sulphide nickel project in Manitoba.

Victory Nickel Inc. (TSX:NI) announced several developments arising from the winter work program at its Minago sulphide nickel project in Manitoba.

As quoted in the press release:

The Company has constructed a 2.3 kilometre test drainage ditch from the centre of the proposed one kilometre-plus diameter Minago open pit, extended with two chevrons to the outer edges of that pit. The intent is to investigate the potential for site drainage using more cost-effective means. Thus far, the system is performing better than expected. The next step is to install additional drainage ditches to drain the entire pit area in preparation for the overburden removal.

Victory’s Vice-Chairman and CEO, Rene Galipeau said:

Since receiving our Environment Act Licence our primary task has been to secure construction financing for the Minago mine. To this end, recent meetings with offshore groups have been very encouraging, but the focus on financing doesn’t mean site work is not continuing. In addition to the drill program, other site activities are ongoing in anticipation of the start of the first phase of construction once mine financing is secured.

Click here to read the Victory Nickel Inc. (TSX:NI) press release.  

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