FPX Nickel Confirms Continuation of Strong Nickel Mineralization in Step-Out Drilling at Van Target, Returning the Highest-Grade Near-Surface Nickel Interval To-Date

FPX Nickel Confirms Continuation of Strong Nickel Mineralization in Step-Out Drilling at Van Target, Returning the Highest-Grade Near-Surface Nickel Interval To-Date

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the first step-out drillhole results confirming continued near-surface lateral extension of strong nickel mineralization at the Van Target (" Van ") in the Company's Decar Nickel District (" Decar " or the " District ") in central British Columbia.  The first three widely-spaced holes drilled this year at Van, which is located 6 km north of the Baptiste Deposit (" Baptiste "), returned some of the strongest results in the District's history, highlighted by the results of 22VAN-012, which intersected the highest-grading broad interval of near-surface nickel mineralization drilled to-date at Van.

 

  Highlights  

 
  • Van step-out drillholes show that the strong mineralization in previously reported outcrop samples continues to depth southwest of the zone first drilled in 2021
  •  
    •   Hole 22VAN-010 intersected    346.3 m grading 0.133% DTR Nickel from the start of bedrock at 51.3 m downhole to the end of hole, including 136.0 m of   0.143% DTR Nickel from 91.0 m downhole
    •  
    •   Hole 22VAN-012 intersected    334.5 m grading   0.120% DTR Nickel from 6.0 m downhole, including 176.0 m of 0.142% DTR Ni from 6.0 m downhole, and further including    100.0 m of 0.150% DTR Ni from 70.0 m downhole
    •  
  • Nickel mineralization at Van is the same as Baptiste, occurring as disseminated awaruite (nickel-iron alloy) and in ophiolite host rocks
  •  
    • The results at Van compare favourably with previous drilling results at Baptiste, which contains 1.815 billion tonnes of indicated resources at an average grade of 0.129% DTR nickel , plus 339 million tonnes of inferred resources with an average grade of 0.131% DTR nickel ( both reported at a cut-off grade of 0.06% DTR nickel). Mineral resources are not mineral reserves and do not have demonstrated economic viability. See the summary of the Baptiste mineral resource estimate set out in FPX's November 14, 2022 news release
    •  

"We are very pleased with these first step-out drill results from Van, confirming the potential for this target to host a large-scale, standalone nickel deposit to rival the deposit already delineated at Baptiste," commented Martin Turenne , the Company's President and CEO. "Based on the drill results reported to-date from the 2021 and 2022 programs, we have delineated consistently strong near-surface nickel mineralization in drilling over an area measuring approximately 1 km long by 1 km wide, to downhole depths over 300 m .  The remaining drillholes completed in this year's ten-drillhole program stepped out to the west of this mineralized zone; we look forward to reporting assays from those remaining holes in January."

 

Link to view drill results within interactive 3D VRIFY model (for best results, view in full screen):
  https://vrify.com/decks/12221?auth=9bf57cc7-fec5-457f-9a4a-6b96e3653f4b   

 
 

  Figure 1: Decar Nickel District (CNW Group/FPX Nickel Corp.) 

 
 

  Van Target Drilling  

 

The results of 22VAN-010, 22VAN-011 and 22VAN-012 are the first from a step-out drill program consisting of 10 holes and totaling 2,504 meters at the Van Target, which is located 6 km north of Baptiste at similar elevations (see Figure 1). This year's step-out program was designed to expand the large mineralized zone identified during 2021's successful inaugural drill program.

 

  Table 1 – Van Target Drillhole Results  

 
 
                                                    
 

   Hole   

 
 

   Intersections 1   

 
 

   DTR Nickel
(%) 2
 
 

 
 

   Total Nickel
(%) 2
 
 

 
 

   From (m)   

 
 

   To (m)   

 
 

   Intersected
Width (m)
 
 

 
 

   22VAN-010   

 
 

   51.3   

 
 

   397.6   

 
 

   346.3   

 
 

   0.133   

 
 

   0.181   

 
 

   including   

 
 

   91.0   

 
 

   227.0   

 
 

   136.0   

 
 

   0.143   

 
 

   0.193   

 
 
 

  22VAN-011  

 
 

  31.3  

 
 

  91.5  

 
 

  60.2  

 
 

  0.071  

 
 

  0.220  

 
 

  22VAN-011   terminated due to poor ground conditions  

 
 
 

   22VAN-012   

 
 

   6.0   

 
 

   340.5   

 
 

   334.5   

 
 

   0.120   

 
 

   0.205   

 
 

   including   

 
 

   6.0   

 
 

   182.0   

 
 

   176.0   

 
 

   0.142   

 
 

   0.195   

 
 

   including   

 
 

   70.0   

 
 

   170.0   

 
 

   100.0   

 
 

   0.150   

 
 

   0.193   

 
 

  and  

 
 

  182.0  

 
 

  340.5  

 
 

  158.5  

 
 

  0.095  

 
 

  0.216  

 
 
 

  1 The vertical depth (true width) of all quoted intersections in this news release is interpreted to be approximately 70% of downhole length.

 

  2 All mineralized core samples are assayed for "total nickel" and "Davis Tube Recoverable (" DTR ") nickel."  "DTR nickel" analyses measure only the magnetically recoverable nickel hosted in medium- to coarse-grained awaruite (nickel-iron alloy), whereas the "total nickel" analyses measures both magnetically and non-magnetically recoverable nickel, the latter hosted in fine-grained awaruite or nickel sulphide minerals. The Davis Tube method is a bench-scale metallurgical test procedure which provides an estimation of magnetically recoverable nickel and is the global industry-standard geometallurgical test for magnetic recovery operations and exploration projects.  See "Sampling and Analytical Method", below.

 

The nickel mineralization intersected within 22VAN-010, 22VAN-011 and 22VAN-012 is characterized by disseminated, medium to coarse-grained awaruite (nickel-iron alloy) mineralization hosted in serpentinized ophiolitic rocks and is analogous to the mineralization and geological setting at the Baptiste Deposit.

 

22VAN-010 was collared proximal to 21VAN-03 and drilled to the southwest at minus 55 degrees.  The drillhole encountered bedrock at 51.3 m downhole and thereafter intersected 346.3 m of strong awaruite mineralization, grading 0.133% DTR nickel to a downhole depth of 397.6 m .  22VAN-010 is notable for a broad intercept of strong nickel mineralization at relatively shallow depths, including 0.143% DTR Ni over 136 m starting at a downhole depth of 91.0 m .  Mineralization in this drillhole remains open at depth.

 

22VAN-011 was collared 400 m southwest from 22VAN-010 and proximal to 21VAN-002 and was drilled to the southwest at an angle of minus 55 degrees. The drillhole encountered bedrock at 31.3 m downhole and thereafter intersected 60.2 m of low-grade awaruite mineralization, to a downhole depth of 91.5 m .  The strongest mineralization at 22VAN-011 was encountered at the bottom of the drillhole; however the drillhole was terminated in medium-grade awaruite mineralization due to poor ground conditions.

 

22VAN-012 was collared 400 m southwest from 22VAN-011 proximal to 21VAN-005 and was drilled to the southwest at an angle of minus 55 degrees.  The drillhole encountered bedrock at 6.0 m downhole and thereafter intersected 334.5 m of strong awaruite mineralization, grading 0.120% DTR nickel to a downhole depth of 340.5 m .  22VAN-012 is notable for a broad intercept of strong nickel mineralization at the top of the drillhole, including 0.143% DTR Ni over 176 m starting at a downhole depth of 6.0 m .  Mineralization in this drillhole remains open at depth.

 

Collar locations for the ten drillholes drilled at the Van Target in 2022 are provided in Figure 2.  Drillholes were spaced approximately 350 to 400 m apart and tested the Van Target over an area of approximately 2 km 2 to a maximum downhole depth of 439 m .  Assays are pending for holes 22VAN-013 to 22VAN-019.

 
 

  Figure 2: Van Target Plan Map with Drillhole Collar Locations and Outcrop Mapping (CNW Group/FPX Nickel Corp.) 

 
 
 

  Figure 3: Van Target Cross Section with Assay Results for 22VAN-010 and 21VAN-003 (CNW Group/FPX Nickel Corp.) 

 
 
 

  Figure 4: Van Target Cross Section with Assay Results for 22VAN-012 and 21VAN-005 (CNW Group/FPX Nickel Corp.) 

 
 

  Sampling and Analytical Method
HQ & NQ size drill core were quartered and halved, respectively, on-site using a diamond blade core cutting saw.  Drill core was sampled continuously downhole at nominal 4 m intervals with the exception of post mineralization dikes and non-mineralized rock types as they historically have had zero grade.  Samples were bagged and sealed with tamper proof tags and shipped to Activation Laboratories in Kamloops, British Columbia , for sample preparation. Sample preparation involved crushing the entire sample to 90% passing 2 mm, riffle splitting 250 g, and pulverizing the split to 95% passing 74 microns. Analytical work was completed at Activation Laboratories in Ancaster, Ontario and included lithium metaborate/tetraborate fusion ICP and DTR Ni analysis.  DTR Ni analysis involved processing a 30 g split of the pulp through a Davis tube magnetic separator as a slurry using a constant flow rate of 400 millilitres per minute, a magnetic field strength of 3,500 Gauss, and a tube angle of 45 degrees to produce magnetic and non-magnetic fractions.  The magnetic and non-magnetic fractions were dried, weighed and the magnetic fraction was analyzed by fusion X-Ray Fluorescence (" XRF ") for multiple elements, including nickel, cobalt, iron and chromium.  The DTR nickel grade was then calculated by multiplying the XRF fusion nickel value by the weight of the magnetic fraction, and dividing by the total recorded feed weight.

 

QA/QC procedures involved the analysis of field and prepared duplicates, DTR replicates, insertion of certified reference materials, and non-certified blanks to assess the accuracy and precision of the Davis tube magnetic separation and XRF analysis that are used to determine the DTR nickel content.  The Davis Tube method is a bench-scale metallurgical test procedure which provides an estimation of magnetically recoverable nickel and is the global industry-standard geometallurgical test for magnetic recovery for operations and exploration projects.

 

  Erin Wilson , P. Geo., FPX Nickel's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

 

  About the Decar Nickel District  

 

The Company's Decar Nickel District claims cover 245 km 2 of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia . The District is a two-hour drive from Fort St. James on a high-speed logging road.

 

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni 3 Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling on all four targets.  Since 2010, approximately US $28 million has been spent on the exploration and development of Decar.

 

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 99 drillholes and 33,700 m of drilling completed.  The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit.  In 2021, the Company executed an inaugural drilling program at Van which returned results comparable with the strongest results at Baptiste.

 

  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.

 

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: https://www.newswire.ca/en/releases/archive/December2022/12/c7815.html  

 
 

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Exploring and developing the high-margin Baptiste nickel project in Canada

FPX Nickel Receives Multi-Year Area-Based  Permit and Commences 2025 Drilling Activities at Baptiste Nickel Project

FPX Nickel Receives Multi-Year Area-Based Permit and Commences 2025 Drilling Activities at Baptiste Nickel Project

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to report that it has received a multi-year area-based (" MYAB ") permit from the government of British Columbia to support the renewal of drilling activities at the Baptiste Nickel Project (" Baptiste " or " the Project ") in 2025.  This year's drilling program has commenced successfully, targeting the completion of geomechanical, hydrogeological, and condemnation holes to complement the Project dataset for the feasibility study and the Company's planned entry into the environmental assessment (" EA ") process in the second half of 2025.

 

 

 

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FPX Nickel Announces Results of 2025 Annual General and Special Meeting

FPX Nickel Announces Results of 2025 Annual General and Special Meeting

 
 

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of its 2025 Annual General and Special Meeting held on June 26 2025.

 
 

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

 

Shareholders voted in favour of all items put forward by the Board of Directors and Management. Shareholders elected eight directors to the Company's Board, namely, Kim Baird , Peter M.D. Bradshaw , Anne Currie , James S. Gilbert , Peter J. Marshall , Andrew Osterloh , Robert B. Pease and Martin E. Turenne . The shareholders approved all other matters as proposed, including the appointment of DeVisser Gray LLP as the auditor of the Company and approval of the Company's 10% rolling share compensation plan.

 

  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/June2025/27/c9286.html  

 
 

 

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FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce successful production of additional battery-grade nickel sulphate from its Baptiste Nickel Project (" Baptiste " or the " Project "). Building on the success of previous testing campaigns, a production run was completed to produce larger quantities of nickel sulphate crystals. The nickel sulphate samples, which meet the strict target specifications for battery applications, will be provided to selected prospective downstream partners including pCAM producers, battery companies, and automakers pursuing supply security, traceable sourcing, and low carbon intensity production.

 

"The production of high-purity nickel sulphate further positions us to engage in strategic discussions with prospective downstream partners across the global EV supply chain," commented Martin Turenne , FPX Nickel's President and Director. "This milestone further demonstrates the strategic flexibility of the Baptiste awaruite concentrate and the technical maturity of the awaruite refining process."

 

 

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FPX Nickel and JOGMEC Initiate Exploration at the Expanded Klow Property in British Columbia

FPX Nickel and JOGMEC Initiate Exploration at the Expanded Klow Property in British Columbia

 
 

FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce planned exploration activities at the Company's Klow property (" Klow " or the " Property "), located 45 km north of the Company's Baptiste Nickel Project. Exploration will be 100% funded by the Japan Organization for Metals and Energy Security (" JOGMEC ") under the terms of an earn-in agreement which provides JOGMEC the option to earn up to a 60% interest in the Property. The Company has recently expanded the mineral claims at Klow by 600%, bringing the Property to 164 km 2 and is currently preparing a wide-ranging surface rock sampling program over the summer of 2025 with the goal of advancing Klow to drill-ready status.

 

 

 

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FPX Nickel Provides Update on Affiliate Company CO2 Lock Corp.

FPX Nickel Provides Update on Affiliate Company CO2 Lock Corp.

 
 

 FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on the activities of its affiliate company, CO2 Lock Corp. (" CO2 Lock ").

 
 

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

 

  Background  

 

In 2022, FPX announced the formation of CO2 Lock as a self-funding subsidiary to pursue geoscience-related carbon capture and storage (" CCS ") opportunities via permanent mineralization of carbon dioxide. FPX retains 100% of the carbon credits associated with CCS on FPX's own properties, and can use any intellectual property developed by CO2 Lock for the benefit of FPX's own properties.

 

Since its inception, CO2 Lock has completed multiple field programs at its flagship SAM site in central British Columbia , including a successful CCS field program in 2023, which included drilling an exploration well. This achievement marked a significant milestone in the development of CO2 Lock's innovative in-situ CO 2 mineralization technology.

 

  Commercial Updates  

 

In recent months, CO2 Lock has achieved several commercial milestones, including the signing of preliminary agreements with key counterparties in the CCS value chain as follows:

 
  • Letter of Intent with Cielo Carbon Solutions (" Cielo ") and Carbon Quest outlining the framework for capturing and sequestering 100,000 tonnes of CO 2 per year, scaling up to a target of 1 million tonnes per year. This strategic relationship combines Cielo and Carbon Quest's point-source carbon capture solution with CO2 Lock's storage solution to create an end-to-end value chain from industrial emitters to the permanent storage of carbon dioxide.

  •  
  • Memorandum of Understanding with Ionada Carbon Solutions LLC (" Ionada ") to pursue a variety of commercial arrangements relating to the capture and storage of carbon dioxide and the related sale of carbon credits into the commercial market. The collaboration will integrate Ionada's proprietary carbon capture technology with CO2 Lock's permanent mineralization storage solutions, creating end-to-end carbon capture storage systems that are cost-effective and scalable.

  •  
  • Letter of Intent with a leading carbon marketplace platform (the " Platform "), under which the Platform will purchase up to 33% of the carbon credits generated annually from CO2 Lock's flagship SAM carbon sequestration site, representing the potential for over 300,000 verified carbon credits (tonnes) per year.
  •  

Following the successful field program in 2023, CO2 Lock has submitted an application for a carbon capture and storage exploratory reservoir license with British Columbia's Ministry of Energy and Climate Solutions. Receipt of this license would provide CO2 Lock with the regulatory approval to advance the project towards commercial operations at the SAM project.

 

  CO2 Lock Financing and Restructuring  

 

CO2 Lock recently completed the final $600,000 tranche of its latest funding round, which raised a cumulative total of $1.7 million through a Simple Agreement for Future Equity (" SAFE ") from third-party investors. Since its inception, CO2 Lock has raised a total of approximately $3.4 million from third-party investors.

 

In connection with the closing of the SAFE round, FPX and CO2 Lock have agreed to a restructuring of CO2 Lock's capital structure such that FPX's undiluted ownership interest in CO2 Lock has been reduced from approximately 88% (prior to the SAFE round) to 30% (on conclusion of the SAFE round). This restructuring better positions CO2 Lock to seek additional funding from third party investors going forward, while ensuring that FPX retains a meaningful ownership interest in CO2 Lock and enduring rights to utilize CO2 Lock's intellectual property for the benefit of FPX's own properties.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, 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/May2025/20/c0028.html  

 
 

 

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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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Juggernaut Closes $1,100,000 from Institutions and Accredited Investors

Juggernaut Closes $1,100,000 from Institutions and Accredited Investors

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 8, 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its June 4, June 12, and June 16, 2025, news releases, the Company is pleased to announce that it has closed its private placement financing (the "Financing") for aggregate gross proceeds of $1,100,000.

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Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update

Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update

 

(TheNewswire)

 
       
  Noble Mineral Exploration Inc. 
                
 

  Highlights  

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