COMPANY TO CHANGE NAME TO TARTISAN NICKEL CORP.
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Tartisan Resources Corp (CSE:TTC) (“Tartisan”, or the “Company”) is pleased to announce that the Company has engaged MineMap Pty. Ltd. of Midland, Western Australia (“MineMap”), as consulting engineers for the preliminary review of the Kenbridge Nickel-Copper-Cobalt Project. MineMap will provide an updated block model based on data acquired from predecessor company Canadian Arrow Mines Limited, with NI 43-101 compliant resources, and where appropriate to do so, outline the relevant underground and surface work planning for the Kenbridge Project.
MineMap Pty. Ltd., headed by W. Seldon Mart, Ph.D. (Australia) P. Eng. Geo, has since 1975 been developing geological and mining design software. Mr. Mart, together with William L. Makar, Geo, ASIMM. built MineMap™ software to integrate drill hole visualization, resource/reserve calculation, and Lersch-Grossman analysis of resource financial integrity based on underground and/or surface primary pit and site designs. MineMap also offers products and services in NPV-based production scheduling, pit haul road design based on reserve distribution, and real-time haul truck based tonnage and grade tracking from pit/stope to mill which updates ore, waste, and/or reserve, or resource databases as appropriate.
“We are delighted to have MineMap involved as primary subcontractor for the resource review,” said CEO Mark Appleby, “In the context of the first NI 43-101 Technical Report that Tartisan Nickel Corp has planned for the Kenbridge Nickel-Copper-Cobalt Project. We look forward to reviewing the MineMap initial conclusions within the next 90 days”
The Kenbridge Deposit hosts measured and indicated resources of 7.139 million tonnes of 0.62% nickel, 0.33% copper, and 0.16% cobalt; and inferred resources of 118,000 tonnes of 1.38% nickel, 0.88% copper, and 0.003% cobalt. In total a contained nickel resource of 97.8 million pounds and 47 million pounds of copper. The Kenbridge Deposit is equipped with a 623m shaft and has never been mined. Mineralization is open at depth and along strike.
Annual General and Special Meeting of Shareholders
Additionally, Tartisan announces the results from their recently held Annual General and Special Meeting of Shareholders which was held on February 20, 2018. The record date for the Shareholder Meeting had been fixed as January 12, 2018. Meeting particulars can be found on SEDAR.
All Resolutions presented Passed including: All four incumbent directors were re-appointed as directors of the Company namely; D. Mark Appleby, Denis Laviolette, Douglas Flett and Yves Clement, all by 26,920,058 votes In Favor with nil against. Mark Appleby will continue in his role as President and CEO and Daniel Fuoco will continue in his role as CFO.
Collins Barrow LLP was appointed as the Company’s auditor and the Company’s stock option plan was approved.
Additionally, by a Special Resolution, Tartisan shareholders voted In Favor of the Company proceeding with a proposed name change to “Tartisan Nickel Corp.” or such other name that the board of directors of the Company saw fit. “Tartisan is committing substantial manpower and financial backing into the newly acquired nickel-sulphide, copper, cobalt assets,” said Mark Appleby, Tartisan CEO, “As we both witness and become a part of the Electric Vehicle revolution and subsequent demand for battery grade nickel.” “Tartisan will continue to seek out, acquire and develop undervalued assets as part of our overall corporate strategy.”
Tartisan also wishes to announce that it has settled certain debts with three consultants to the Company in the amount of $55,000 by issuing 275,000 shares at 0.20 cents.
About Tartisan Resources Corp.
Tartisan Resources Corp. is a Canadian based mineral exploration and development company which owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project in Peru just 9 km from Trevali’s Santander mine and owns a 100% stake in the Ichuna Copper-Silver Project, also in Peru, contiguous to Buenaventura’s San Gabriel property. Tartisan also owns a significant equity stake (6 million shares and 3 million warrants at 40 cents) in Eloro Resources Ltd, which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE: TTC, FSE 8TA). Currently, there are 93,308,550 shares outstanding (105,142,594 fully diluted). Tartisan Resources Corp. is a member of the CSE Composite Index.
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.
Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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