- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Fixed-wing Magnetic Survey Planned for Pikoo East Properties
Canadian International Minerals Inc. (TSXV:CIN) announced that North Arrow Minerals Inc. (TSXV:NAR) and Stornoway Diamond Corp. (TSX:SWY) have said that a fixed-wing magnetic survey will be flown on the Pikoo East properties.
Canadian International Minerals Inc. (TSXV:CIN) announced that North Arrow Minerals Inc. (TSXV:NAR) and Stornoway Diamond Corp. (TSX:SWY) have said that a fixed-wing magnetic survey will be flown on the Pikoo East properties.
As quoted in the press release:
The Properties are under option to North Arrow and Stornoway, who may earn a combined 70% interest by funding exploration to a kimberlite discovery (including drilling) on any of the Properties within a 3 year period. North Arrow and Stornoway are conducting the work through their pre-existing joint venture on their Pikoo diamond project, and are funding the work in proportion to their respective interests in said project.
The fixed-wing magnetic survey will be flown on 50 meter line spacings, and will cover all of the claims CIN has under option. The survey data will provide a base to guide further exploration, including targeted till sampling and, if warranted, drilling.
Michael E. Schuss, president and CEO of Canadian International Minerals, commented:
North Arrow and Stornoway’s decision to fly the Pikoo East properties is a major development for CIN, its shareholders, and the emerging Pikoo district as a whole. Rightly or wrongly, the markets have not been kind to the Pikoo-area explorers, despite the large amount of positive exploration work that has been completed in the last 2 years by several public and private companies. We are hopeful that this airborne survey will continue to advance the Pikoo East properties, ultimately to a drill-ready stage, while also boosting the profile of the district and our other prospects in the area.
Click here to read the full Canadian International Minerals Inc. (TSXV:CIN) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â