Tartisan Initiates Work Program at the Kenbridge Deposit, Kenora, Ontario and Prepares Update to NI 43-101
Tartisan Nickel Corp. (CSE:TN) (“Tartisan”, or the “Company”) is pleased to announce that strategic exploration on the Kenbridge Nickel-Copper-Cobalt Project, Kenora, Ontario has commenced.
As previously press released, Tartisan has a detailed three-pronged exploration strategy for the Kenbridge Deposit. First, analysis of the structural and deformational setting of the Kenbridge Project through surface mapping and geophysics as Tartisan’s data analysis from the Canadian Arrow Mines Limited acquisition shows a number of very interesting mineralized zones that do not appear to have been fully explored.
Second, MineMap Pty Ltd of Perth, Australia has been evaluating the resource base of the Kenbridge deposit from both open pit and underground perspectives. Key to the relevance of this effort is that the principal resource consultant for MineMap is a past Falconbridge employee and has a detailed prior knowledge of the Kenbridge Deposit. This resource calculation, with the insights into potential future mine planning that a resource distribution can provide, is a key factor in updating the NI 43-101 Technical Report on the Kenbridge Nickel-Copper Deposit.
Third, as previously announced, Tartisan has contracted Abitibi Geophysics Inc. Thunder Bay, Ontario office to provide the geophysical surveys that will define the geophysical character of the Kenbridge Deposit from the mineralized outcrops at surface to the high-grade drill-intersected mineralization at the base of the 632m shaft and below within the Kenbridge deformation zone. Abitibi will use this data to survey the rest of the northeast-trending deformation zone as well as on subsidiary related structural settings seen on the Kenbridge property.
Tartisan Nickel Corp CEO Mark Appleby said, “Since the original magnetic survey by Falconbridge Nickel in 1955, approximately 10 detailed geophysical surveys have been conducted over the Kenbridge Deposit and Property, but none were deep-seeking geophysical studies. Since our purchase of the Canadian Arrow assets in February 2018, we have undertaken a careful review of the asset. Our geophysical programs should put our whole geophysical database into a real discovery context so that when we go to drill the Kenbridge Property, we will have the best possible target definition.”
Tartisan will continue the strategic exploration program by evaluating surface exploration works, evaluate core stored on site and facilitate the surface geophysical survey. Ryder & Associates of Bradford, Ontario and Steel & Associates of Brampton, Ontario are continuing to assist in advancing the Kenbridge asset and they have been an integral part of the Company’s review and analysis since the Canadian Arrow Mines Limited purchase.
As a note, the Kenbridge Deposit occurs within a vertically dipping, lenticular gabbro and gabbro breccia with surface dimensions of 250m by 60m and sits within a significant northeast-trending deformation zone, as shown by deformation textures and shearing in the deposit host rocks. Other structural deformation zone orientations have been mapped on the Kenbridge Project including north, east, and northwest-trending. East-trending deformation zones appear to be host the ultramafic rock units implicit in nickel mineralization at Denmark Lake and Overflow Lake, located to the southeast of the Kenbridge Nickel-Copper-Cobalt Deposit.
As previously described in the Company’s CSE Monthly Progress Reports, and the Company’s Financial Disclosure Documents, Tartisan was served with a statement of claim on June 12, 2018 by a supplier under contract to the Company. The Company has filed a statement of defence and counter claim in the amount of $1,050,000 against the supplier. The Company intends to vigorously defend this case and advance the counter claim.
About Tartisan Nickel Corp.
Tartisan Nickel Corp is a Canadian mineral exploration and development company which owns 100% of the Kenbridge Nickel-Copper-Cobalt Project in Ontario holding compliant resources of 97.8 million lbs of nickel and 47 million pounds of copper. In addition, the Company 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 MM shares and 3 MM full warrants at 40c) in Eloro Resources Ltd, which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN, FSE: A2DPCM). Currently, there are 99,663,550 shares outstanding (113,866,934 fully diluted).
For further information, please contact Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (firstname.lastname@example.org). Additional information about Tartisan can be found at the Company’s website at www.tartisannickel.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.