NICKEL CREEK PLATINUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

NICKEL CREEK PLATINUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

 
 

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES /

 

Nickel Creek Platinum Corp. (TSX: NCP) (" Nickel Creek " or the " Company ") is pleased to announce that it intends to raise capital by way of a non-brokered private placement for aggregate gross proceeds to the Company of up to approximately $1.8 million (the " Private Placement ").  The Private Placement will consist of the sale of units (the " Units ") of the Company at a price of $0.045 per Unit. Each Unit will consist of one common share of the capital of the Company (each, a " Common Share ") and one-half of one common share purchase warrant (each whole common share purchase warrant, a " Warrant "), with each Warrant exercisable for one Common Share (each, a " Warrant Share ") at an exercise price of $0.08 for a period of three (3) years from the date of issuance, subject to adjustment upon certain customary events.

 

 

  Nickel Creek Platinum Corp. logo (CNW Group/Nickel Creek Platinum Corp.) 

 
 

The net proceeds from the Private Placement will be used to fund the Company's completion of the Prefeasibility Study ("  PFS  "), ongoing permitting activities and holding costs at its 100%-owned Nickel Shäw Project, and for general corporate expenses and working capital purposes.

 

In connection with the Private Placement, the Company's largest shareholder, Electrum Strategic Opportunities Fund L.P. (" Electrum "), has indicated its intention to backstop up to $1.25 million of the Private Placement, subject to customary conditions and otherwise on the same terms as the Private Placement.

 

  Stuart Harshaw , President and Chief Executive Officer of Nickel Creek, commented: "Nickel Creek is fortunate to have the continued support of Electrum demonstrating the endorsement for the Company's plans going forward."

 

The closing of the Private Placement is expected to occur on or around May 15, 2023 and remains subject to the approval of the Toronto Stock Exchange and other customary closing conditions for a transaction of this nature. The Units will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws. The Common Shares and the Warrants (and any Warrant Shares, as applicable) will be subject to a statutory hold period of four months and one day from the date of issuance of the Units.

 

Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), the Private Placement would constitute a "related party transaction" as Electrum (and certain other insiders of the Company) will subscribe for Units. These transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of any Units subscribed for by insiders pursuant to the Private Placement will not exceed 25% of the Company's market capitalization.

 

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act "), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.

  

 Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.

 

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

 
  Cautionary Note Regarding Forward-Looking Information  
 

This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements relating to the Private Placement, the timing of closing of the Private Placement, insider participation in the Private Placement, completion of the PFS, and general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.

 

For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at   www.sedar.com   . Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 
 
 

SOURCE Nickel Creek Platinum Corp. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/April2023/24/c4199.html  

 
 

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NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT

NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT

 
 

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES /

 

Nickel Creek Platinum Corp. (TSX: NCP) (" Nickel Creek " or the " Company ") is pleased to announce that it has closed on its previously announced non-brokered private placement (the " Private Placement ") pursuant to which the Company has issued a total of 41,666,667 common shares of the Company (each, a " Common Share ") at a price of $0.015 per Common Share for gross proceeds of approximately $0.6 million . The Company's largest shareholder, Electrum Strategic Opportunities Fund L.P. (" Electrum "), acquired all of the Common Shares issued in the Private Placement.

 

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Nickel Creek Platinum Announces Filing of Pre-Feasibility Study Technical Report for its Nickel Shäw Project

Nickel Creek Platinum Announces Filing of Pre-Feasibility Study Technical Report for its Nickel Shäw Project

 
 

Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce that further to its news release dated August 24, 2023 the Company has filed a Technical Report titled "Nickel Shäw Ni-Cu-PGM Project PreFeasibility Study for the Nickel Shäw Ni-Cu-PGM Project, Yukon, Canada " ("Technical Report").

 
 

  Nickel Creek Platinum Corp. Logo (CNW Group/Nickel Creek Platinum Corp.) 

 

The Technical Report, with an effective date of September 20, 2023 , was independently prepared by AGP Consultants Inc. The Technical Report was prepared in accordance with the Canadian Securities Administrator's National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has been filed on SEDAR+ at www.sedarplus.ca and on Nickel Creek's website at www.nickelcreekplatinum.com .

 

 

 Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company advancing its 100%-owned Nickel Shäw Project ("Project"). The Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.

 

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/nickel-creek-platinum-announces-filing-of-pre-feasibility-study-technical-report-for-its-nickel-shaw-project-301949747.html  

 

SOURCE Nickel Creek Platinum Corp. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2023/06/c5182.html  

 
 

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Nickel Creek Platinum Announces Positive PFS for its Nickel Shäw Project

Nickel Creek Platinum Announces Positive PFS for its Nickel Shäw Project

 
 

 Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce the results of a positive pre-feasibility study ("PFS") at its 100%-owned Nickel Shäw Project (the "Project") located in the Yukon Canada. The PFS has been prepared by AGP Consultants Inc. ("AGP"). The estimated Project after-tax net present value ("NPV") at a 5% discount rate is $143 million with an after-tax internal rate of return ("IRR") of 5.8%. All dollars are expressed in Canadian dollars unless otherwise stated.

 
 

  Nickel Creek Platinum Corp. logo (CNW Group/Nickel Creek Platinum Corp.) 

 

  Stuart Harshaw , President and CEO of Nickel Creek commented: "The PFS is an important milestone in realizing the opportunity the Nickel Shäw Project represents in the critical mineral space where it can provide nickel and copper to take advantage of the strong nickel market for EV batteries. The sensitivity to energy costs illustrates how working with the different levels of government can lead to a significant improvement in value, especially when combined with the previously announced intention of the Federal government to provide a tax incentive for critical mineral projects such as Nickel Shäw.  Moving forward, our focus will be to continue to add value to the project through work on identified key economic areas of opportunity and continued mineral exploration success while advancing towards a feasibility study."  

 

   Project PFS Highlights   
 
  •   $143 million after-tax NPV using a 5% discount rate and an IRR of 5.8% at the following commodity prices: nickel - US$11.00 /pound ("lb"); copper – US$4.00 /lb; palladium – US$2,100 /troy ounce ("troy oz"); platinum – US$1,000 /troy oz; cobalt – US$23 /lb; and gold – US$1,800 /troy oz, each using a 0.75 Canadian to US exchange rate.
  •  
  • Life of mine ("LOM") after-tax cash flow of approximately $1.7 billion with an after-tax payback period of 12.7 years.
  •  
  • Pre-production capital cost of approximately $1.7 billion , with a construction period of 3.0 years.
  •  
   Project Opportunities   
 
  • If paying Yukon grid rates of $0.11 /kWhr, the after-tax NPV at a 5% discount rate increases by $324 million to $467 million (see NPV sensitivities section below for additional information).
  •  
  • The Company's after-tax NPV at a 5% discount rate increases from $143 million to $336 million if the Canadian tax incentive for critical mineral companies is enacted (see Investment Tax Credit for Clean Technology Manufacturing section below for additional information).
  •  
  • The Company plans to further investigate the opportunity of carbon tax offsets associated with carbon sequestration in the tailings facility with ongoing testwork and analysis.
  •  
   Mineral Resource   
 

On June 1, 2023 , the Company announced an updated mineral resource estimate with an effective date of April 3, 2023 :

 
 
                                                                                                                                
 
 
 

    Metal Grades    

 
 
 
 

    Ni    

 
 

    Cu    

 
 

    Co    

 
 

    Pd    

 
 

    Pt    

 
 

    Au    

 
 

    Mg    

 
 

    S    

 
 

    Class    

 
 

    Ktonnes    

 
 

  %  

 
 

  %  

 
 

  %  

 
 

  g/t  

 
 

  g/t  

 
 

  g/t  

 
 

  %  

 
 

  %  

 
 

  Measured  

 
 

  122,363  

 
 

  0.25  

 
 

  0.15  

 
 

  0.014  

 
 

  0.23  

 
 

  0.24  

 
 

  0.05  

 
 

  16.03  

 
 

  0.78  

 
 

  Indicated  

 
 

  314,332  

 
 

  0.26  

 
 

  0.13  

 
 

  0.014  

 
 

  0.24  

 
 

  0.22  

 
 

  0.04  

 
 

  17.26  

 
 

  0.64  

 
 

  Total M+I  

 
 

  436,695  

 
 

  0.26  

 
 

  0.13  

 
 

  0.014  

 
 

  0.23  

 
 

  0.22  

 
 

  0.04  

 
 

  16.92  

 
 

  0.68  

 
 

  Inferred  

 
 

  114,016  

 
 

  0.27  

 
 

  0.13  

 
 

  0.015  

 
 

  0.25  

 
 

  0.20  

 
 

  0.04  

 
 

  17.46  

 
 

  0.69  

 
 
 
 

    Contained Metal    

 
 
 
 
 
 

    Ni    

 
 

    Cu    

 
 

    Co    

 
 

    Pd    

 
 

    Pt    

 
 

    Au    

 
 
 
 

    Class    

 
 

    Ktonnes    

 
 

    M Lbs    

 
 

    M Lbs    

 
 

    M Lbs    

 
 

    k Ozs    

 
 

    k Ozs    

 
 

    k Ozs    

 
 
 
 

  Measured  

 
 

  122,363  

 
 

  679  

 
 

  411  

 
 

  38  

 
 

  905  

 
 

  944  

 
 

  184  

 
 
 
 

  Indicated  

 
 

  314,332  

 
 

  1,792  

 
 

  871  

 
 

  99  

 
 

  2,385  

 
 

  2,197  

 
 

  361  

 
 
 
 

  Total M+I  

 
 

  436,695  

 
 

  2,471  

 
 

  1,281  

 
 

  137  

 
 

  3,290  

 
 

  3,141  

 
 

  545  

 
 
 
 

  Inferred  

 
 

  114,016  

 
 

  668  

 
 

  339  

 
 

  37  

 
 

  916  

 
 

  733  

 
 

  128  

 
 
 
 
 
 
                   
 

    
Notes:
 
 
 

 
 

  Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.  

 
 

  Summation errors may occur due to rounding.  

 
 

  Effective Date is April 3, 2023.  

 
 

  Mineral Resources amenable to open pit extraction are reported within an optimized containing shell.  

 
 

  Average grade calculations on this table are impacted by rounding.  

 
 

  Tonnages are reported in units of 1,000 metric tonnes (Ktonnes).  

 
 

  Contained Base Metal reported in units of 1,000,000 lbs, M Lbs.  

 
 

  Contained Precious Metal reported in units of 1,000 troy ounces, K Ozs.  

 
 

    Metal Prices for Resource Determination in US$    

 
 

  Nickel: $12.10/lb; Copper: $4.45/lb; Cobalt: $25.30/lb; Palladium: $2,415/troy oz; Platinum: $1,150/troy oz; Gold: $2,015/troy oz.  

 
 

  Net Smelter Return (NSR) cut-off grades range from $17.30 to $17.61 Canadian dollars depending on Bulk Con and Split Con  

 
 

  Mining costs, vary by bench, separately for ore and waste:  

 
 
 

  Base waste mining cost @1330m = C$2.26/t, 10 m bench incremental cost above = C$0.004/t, 10 m bench incremental cost below = C$0.02/t  

 
 
 

  Base ore mining cost @1330m = C$1.99/t, 10 m bench incremental cost above = C$0.019/t, 10 m bench incremental cost below = C$0.015/t  

 
 

  Process and G&A costs: Bulk con – C$17.30/t; Split con = C$17.61/t  

 
 

  Calculated process recoveries by concentrate type:  

 
 
 
 
                                                                                                      
 
 
 
 
 
 
 
 
 
 
 
 

  Ni  

 
 

  Cu  

 
 

  Co  

 
 

  Pd  

 
 

  Pt  

 
 

  Au  

 
 
 
 
 
 
 
 

  Bulk con:  

 
 

   Eq1   

 
 

   Eq2   

 
 

  57.0 %  

 
 

  54.0 %  

 
 

  47.8 %  

 
 

  74.4 %  

 
 
 
 
 
 
 
 

  Cu con:  

 
 

   Eq3   

 
 

   Eq4   

 
 

  3.36 %  

 
 

  3.19 %  

 
 

  0.91 %  

 
 

  23.58 %  

 
 
 
 
 
 
 
 

  Ni con:  

 
 

   Eq5   

 
 

   Eq6   

 
 

  53.64 %  

 
 

  50.81 %  

 
 

  46.89 %  

 
 

  50.82 %  

 
 
 
 
 
 
 
 
 

  where:  

 
 

  Eq1 = Ni recovery to Bulk Con = MIN (23.21*LN(X)+30.362,88)  

 
 
 
 
 
 
 
 
 

  where  

 
 

  X = (%S-%Cu)/%Ni Capped at 12.0%  

 
 
 
 
 
 
 
 
 

  Eq2 = Cu recovery to Bulk Con = ((Cu-0.06)/Cu)) *100, Constant tail at 0.06% Cu  

 
 
 
 
 

  Eq3 = Ni recovery to Cu Con=Ni recovery to achieve 25.6% Cu and 1.1% Ni grades in Cu Con  

 
 
 
 
 

  Eq4 = Cu recovery to Cu Con = Cu recovery to Bulk Con * 0.623  

 
 
 
 
 

  Eq5 = Ni recovery to Bulk Con – Ni recovery to Cu Con  

 
 
 
 
 

  Eq6 = Cu recovery to Bulk Con – Cu recovery to Cu Con  

 
 
 

  Capping of grades varies based on lithology for each metal.  

 
 
 

  The density is assigned based on lithology and varies between 2.76 g/cm 3 and 3.38 g/cm 3 .  

 
 
 

 

 
   Project Description   
 

The Company's flagship asset is its 100%-owned Nickel Shäw Ni-Cu-Co-PGM Project, located in southwestern Yukon, Canada . The Nickel Shäw Project contains the Company's core Ni-Cu-Co-PGM Wellgreen deposit, as well as the Arch, Burwash, Formula, Musk and Quill claims. The Wellgreen deposit is a polymetallic deposit with mineralization that includes the significant co-occurrence of nickel, copper, cobalt, platinum group metals ("PGMs") and gold.

 

The Nickel Shäw property contains an extensive Ni-Cu-Co-PGM mineralized system hosted by mafic/ultramafic intrusions related to Triassic-age flood basalts. With over 2.4 billion pounds of nickel, 1.2 billion pounds of copper, 6.9 million ounces of PGMs and 137 million pounds of cobalt in the measured and indicated mineral resource categories, Nickel Shäw is one of the largest undeveloped nickel projects in North America not controlled by a major mining company.

 

The PFS contemplates that the Nickel Shäw open pit would be mined using conventional open pit methods, with a LOM of over 19 years. From the open pit the ore would be trucked to a primary crusher located adjacent to the pit and conveyed out of the valley to a concentrator designed to process 45,000 tonnes per day ("tpd") of ore. The ore would be fed into a conventional Ni-Cu-PGM flotation concentrator designed to produce a bulk Ni-Cu-PGM concentrate "Bulk conc" or alternatively into split concentrates. The split concentrates would be a Ni concentrate "Ni conc" and a Cu concentrate "Cu conc", as economics dictate. Average annual LOM concentrates production ("dmt") is expected to be 103,100 dmt of Bulk conc, 95,000 dmt of Ni conc and 19,600 of dmt Cu conc. Total LOM payable metal production includes the following:

 
  •   614.3M lbs nickel;
  •  
  •   281.5M lbs copper;
  •  
  •   21.5 M lbs cobalt;
  •  
  • 626,500 troy ounces platinum;
  •  
  • 743,400 troy ounces palladium; and
  •  
  • 174,400 troy ounces gold.
  •  

The tailings would be stored in a tailings storage facility adjacent to the concentrator. Concentrate would be transported by truck 480 km to the Port of Skagway Ore Terminal. Power will be primarily sourced from a liquified natural gas ("LNG") power plant.

 
   Social & Environmental   
 

The Nickel Shäw Project lies within the Kluane First Nation ("KFN") core area as defined under the Umbrella Final Agreement between the Government of Canada , Government of Yukon and the Council of Yukon First Nations. Effective August 1, 2012 , an Exploration Cooperation Agreement was signed between the KFN and the Company. The KFN and the government of the Yukon Territory have provided very good support for the Nickel Shäw Project.

 

Ultramafic rocks from the project (in the form of tailings and waste rock) are being assessed for their ability to capture and store carbon. Test work conducted in 2022 confirmed the presence of brucite (a magnesium-rich mineral known to react quickly with CO2 in air) in a subset of samples. On a mass basis, from the achieved reactivity in the testwork, this may enable maximum sequestration of 2.1 kt CO2 per Mt tailings. The Company is evaluating further work which will include the creation of a mineralogy model based on the project's geochemical database to assess the spatial distribution of rocks within the Wellgreen deposit that have high potential to sequester carbon (see news release dated December 15, 2022 for additional details).

 
   Summary of PFS Results   
 
 
                    
 

  Pre-Tax NPV (5%), IRR  

 
 

  $547 million, 7.7%  

 
 

  After-Tax NPV (5%), IRR  

 
 

  $143 million, 5.8%  

 
 

  Undiscounted After-Tax Cash Flow (LOM)  

 
 

  $1.65 billion  

 
 

  After-Tax Payback Period  

 
 

  12.7 years  

 
 

  Life of Mine (LOM)  

 
 

  19.1 years  

 
 

  Capital Cost  

 

  -   Initial  

 

  - Sustaining   

 

  -   Total LOM  

 
 

 

 

  $1.7 billion  

 

   $0.6 billion   

 

  $2.3 billion  

 
 

  Operating Cost  

 
 

  $30.22 /mt milled  

 
 

  Mill Throughput
 

 
 

  45,000 tpd  

 
 

  Initial 5 Year Annual Average Metal
Production
 

 

  -   Nickel  

 

  -   Copper  

 

  -   Cobalt  

 

  -   Platinum  

 

  -   Palladium  

 

  -   Gold  

 
 

 

 

  
29.1 M lbs
 

 

  9.1 M lbs  

 

  1.1 M lbs  

 

  27,400 troy oz  

 

  36,200 troy oz  

 

  7,700 troy oz  

 
 

  Life of Mine Strip Ratio (W:O)  

 
 

  1.93  

 
 
 

Based on the assumed commodity prices noted above, the LOM revenue by metal is as follows: nickel – 62%; palladium – 14%; copper – 10%; platinum 6%; cobalt – 5% and gold – 3%.

 
   NPV Sensitivities   
 

The discount rate sensitivity is as follows:

 
 
        
 

    Discount Rate    

 
 

    After-tax NPV    

 
 

  0 %  

 
 

  $1.7 billion  

 
 

   5% - base case   

 
 

   $143 million   

 
 

  10 %  

 
 

  ($459) million  

 
 
 

 

 
   Sensitivity to Nickel and Copper Prices   
 

The after-tax NPV ($Million's) at a 5% discount rate:

 
 
                                                                  
 
 

   Nickel Price (US$)   

 
 

   Copper (US$)   

 
 

   $8.00   

 
 

   $9.00   

 
 

   $10.00   

 
 

   $11.00   

 
 

   $12.00   

 
 

   $13.00   

 
 

   $14.00   

 
 

   $              3.00   

 
 

  (1,003)  

 
 

  (633)  

 
 

  (306)  

 
 

  14  

 
 

  325  

 
 

  628  

 
 

  925  

 
 

   $              3.25   

 
 

  (961)  

 
 

  (599)  

 
 

  (273)  

 
 

  47  

 
 

  357  

 
 

  658  

 
 

  955  

 
 

   $              3.50   

 
 

  (918)  

 
 

  (566)  

 
 

  (240)  

 
 

  79  

 
 

  388  

 
 

  689  

 
 

  985  

 
 

   $              3.75   

 
 

  (876)  

 
 

  (532)  

 
 

  (207)  

 
 

  111  

 
 

  419  

 
 

  720  

 
 

  1,015  

 
 

   $              4.00   

 
 

  (834)  

 
 

  (498)  

 
 

  (174)  

 
 

  143  

 
 

  450  

 
 

  751  

 
 

  1,045  

 
 

   $              4.25   

 
 

  (796)  

 
 

  (465)  

 
 

  (141)  

 
 

  175  

 
 

  481  

 
 

  781  

 
 

  1,075  

 
 

   $              4.50   

 
 

  (762)  

 
 

  (431)  

 
 

  (108)  

 
 

  207  

 
 

  512  

 
 

  811  

 
 

  1,105  

 
 
 

 

 
   Sensitivity to Energy Power Costs   
 

The pre-tax and after-tax NPV ($Million's) at a 5% discount rate:

 
 
                                                     
 
 
 

   Power Cost ($kWhr)   

 
 
 
 
 
 
 
 
 

   Base
 
   case   

 
 
 
 
 

    $0.09    

 
 

    $0.11    

 
 

    $0.13    

 
 

    $0.15    

 
 

    $0.17    

 
 

    $0.194    

 
 

    $0.21    

 
 

   Pre-tax NPV
($Million's)
 
 

 
 

  1,106  

 
 

  998  

 
 

  891  

 
 

  784  

 
 

  676  

 
 

   547   

 
 

  461  

 
 

   After-tax NPV
($Million's)
 
 

 
 

  543  

 
 

  467  

 
 

  391  

 
 

  314  

 
 

  237  

 
 

   143   

 
 

  80  

 
 

   Pre-tax IRR   

 
 

  10.4 %  

 
 

  9.9 %  

 
 

  9.4 %  

 
 

  8.9 %  

 
 

  8.4 %  

 
 

   7.7 %   

 
 

  7.3 %  

 
 

   After-tax IRR   

 
 

  8.2 %  

 
 

  7.7 %  

 
 

  7.3 %  

 
 

  6.8 %  

 
 

  6.4 %  

 
 

   5.8 %   

 
 

  5.5 %  

 
 
 
   Investment Tax Credit for Clean Technology Manufacturing   
 

The Canadian 2023 federal budget proposed the introduction of a 30% refundable investment tax credit for investments in eligible property associated with eligible activities for clean technology manufacturing and processing, as well as critical mineral extraction and processing (the "Clean ITC"). The Clean ITC would apply to investments in certain depreciable property that is used all or substantially all for eligible activities. This would generally include machinery and equipment, including certain industrial vehicles and related control systems used in manufacturing, processing or critical mineral extraction. A portion of the Clean ITC would be recovered if eligible property is subject to a change in use or sold within a certain period of time.

 

As of this date, there are no specific details regarding the proposed Clean ITC and has not been legislated. Based on assumptions on the capital that could be eligible for the ITC, if the Company was able to utilize the 30% Clean ITC, the Company estimates that the after-tax NPV for the Project at a 5% discount rate would improve from $143 million to $336 million and the after-tax IRR would improve from 5.8% to 7.2%.

 
   CAPEX and OPEX   
 

The initial capital expenditure contemplated in the PFS, to be incurred over the three-year pre-production period of the Project, amounts to approximately $1.7 billion , with the sustaining capital over the remainder of LOM amounts to approximately $0.6 billion . The LOM capital expenditure is summarized as follows:

 

   Capital ($Million's)   

 
 
                                
 
 

   Pre-Production   

 
 

   Sustaining   

 
 

   Total LOM   

 
 

  Open Pit  

 
 

  399  

 
 

  205  

 
 

  604  

 
 

  Processing  

 
 

  510  

 
 

  5  

 
 

  515  

 
 

  Infrastructure  

 
 

  353  

 
 

  258  

 
 

  611  

 
 

  Indirects  

 
 

  245  

 
 

  58  

 
 

  303  

 
 

  Environmental  

 
 

  -  

 
 

  52  

 
 

  52  

 
 

  Contingency  

 
 

  180  

 
 

  60  

 
 

  240  

 
 

   Total   

 
 

   1,687   

 
 

   638   

 
 

   2,325   

 
 
 

 

 

   Operating Costs   

 

The LOM operating costs are summarized as follows:

 
 
                
 
 

    $/mt Milled    

 
 

  Processing  

 
 

  17.32  

 
 

  Mining  

 
 

  7.30  

 
 

  G&A  

 
 

  2.43  

 
 

   Sub-total   

 
 

   27.05   

 
 

  Concentrate Trucking  

 
 

  2.34  

 
 

  Carbon Tax  

 
 

  0.83  

 
 

   Total   

 
 

   30.22   

 
 
 

 

 
   Future Opportunities and Value Enhancements   
 

The PFS also identified a number of potential optimizations to the Project. These include:

 
  • Working with energy providers and Yukon government and other stakeholders on an energy strategy to reduce the costs for the project;
  •  
  • Additional metallurgical testwork to improve overall recoveries of all payable metals where a 1% recovery improvement represents approximately an after-tax $111 M improvement to the NPV at a 5% discount rate; and
  •  
  • Continue drilling on the Arch target to define the potential resource which could provide the opportunity for an early project higher grade feed that may improve overall financial results.
  •  
 

 Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company advancing its 100%-owned Nickel Shäw Project ("Project"). The Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.

 

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

 
  Qualified Persons  
 

The PFS was overseen by AGP and the technical information disclosed in this news release was reviewed and approved by Gordon Zurowski of AGP. Mr. Zurowski is a "qualified person" as defined in NI 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and an independent consultant to the Company. The scientific and technical information disclosed in this news release in relation to metallurgical testing, including with respect to 2022-23 variability testwork, was reviewed and approved by Gordon Marrs , P. Eng., of XPS who is a "qualified person" as defined in NI 43-101 and an independent consultant to the Company.

 

All other scientific and technical information disclosed in this news release was reviewed and approved by Cameron Bell , Nickel Creek's Geological Consultant and a "qualified person" as defined in NI 43-101. Please see the technical report ( September 2018 ) filed under the Company's profile at www.sedar.com , for a description of the Company's data verification and QA/QC procedures.

 
  Cautionary Note Regarding Forward-Looking Information  
 

This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, regarding the results of  technical test work, the estimated mineral resource, the prospect of any future potential economic viability of the Project, future commodity prices and the potential for them to improve, that a feasibility study will ever be commenced and completed, the potential to identify additional mineralization beyond the known resource, timing of  further work on the Project, future demand for nickel and copper concentrates, future demand for battery products, statements concerning the availability and impact of the Clean ITC, the ability of the Company to identify additional opportunities to create shareholder value, and general future plans and objectives for the Company and the Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.

 

This news release also contains references to estimates of mineral resources. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral resource estimates may have to be re-estimated based on, among other things: (i) fluctuations in nickel, copper or other mineral prices; (ii) results of drilling; (iii) results of metallurgical testing and other studies; (iv) changes to proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive or maintain required permits, approvals and licences.

 

For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com . Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/nickel-creek-platinum-announces-positive-pfs-for-its-nickel-shaw-project-301909571.html  

 

SOURCE Nickel Creek Platinum Corp. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/August2023/24/c1203.html  

 
 

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Nickel Creek Platinum Corp Announces Participation in THE Mining Investment Event of the North, Canada's First Tier I Mining Conference, June 19-21 Quebec City

Nickel Creek Platinum Corp Announces Participation in THE Mining Investment Event of the North, Canada's First Tier I Mining Conference, June 19-21 Quebec City

Featuring Critical Metals Day on June 20, 2023

Nickel Creek Platinum Corp (TSX: NCP) is a Canadian mining exploration and development company focused on advancing its 100%-owned Nickel Shäw Project towards becoming Canada's next world-class nickel sulphide mine. Located in the Yukon, the Company's asset is host to over 2.5 billion pounds of nickel, 1.3 billion pounds of copper, 7.0 million ounces of platinum group metals ("PGM's") and 137 million pounds of cobalt in the measured and indicated categories positioning the Company well for the rapidly growing demand for these urbanization commodities. The Company is pleased to announce that it will be participating in THE Mining Investment Event of the North, June 19-21, 2023, ("THE Event") at the Fairmont Chateau Frontenac and Voltigeurs de Quebec Armoury in Quebec City, Canada.

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Nickel Creek Platinum Announces Updated Mineral Resource Estimate at Nickel Shäw Project

Nickel Creek Platinum Announces Updated Mineral Resource Estimate at Nickel Shäw Project

 
 

 Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce an updated mineral resource estimate at its 100%-owned Nickel Shäw Project located in the Yukon Canada. Under the revised estimate, measured mineral resource tonnage has increased by 31% to 122,363 kt and indicated mineral resource tonnage has increased by 37% to 314,332 kt. Contained Ni in measured and indicated mineral resource categories have increased 31% to 2.47 billion lbs. Grades are largely unchanged with the measured and indicated mineral resource grades at 0.26% Ni, 0.13% Cu, 0.014% Co, 0.23 gt Pd, 0.22 gt Pt and 0.04 gt Au. A complete tabulation of tonnage and grade by category is listed in the table below along with metal prices, recovery information, net smelter return ("NSR") cut-off grades and mining parameters.

 

 

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[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

[VIDEO ENHANCED] Prismo Metals Options Two High-Grade Silver-Gold Mines in the Arizona Copper Belt - Immediate Exploration Planned

 

(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 3rd, 2025 TheNewswire - Prismo Metals Inc. (the " Company ") (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce that it has signed option agreements to acquire 100% interest in two historic high-grade precious and base metal mines — the Silver King and Ripsey mines — both located in Arizona's prolific Copper Belt near its flagship Hot Breccia project.

 

Additional information on the Silver King and Ripsey mines as well as Prismo's other projects (Hot Breccia and Palos Verdes) is available on Prismo's Youtube channel at:   

  

 

  Exceptional Grades and Untapped Potential  

 

Discovered in 1875, the Silver King mine is one of Arizona's most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t. Remarkably, selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains. Additionally, the presence of freibergite (AgCuSbS) suggests a potential for antimony, a critical mineral with growing strategic demand.

 

The Ripsey mine, located 20 km west of Hot Breccia, is also an historic gold-silver-copper producer with significant upside. Historic sampling has returned up to 15.85 g/t gold and 276 g/t silver, yet no modern exploration has been conducted.

 

  Strategic Location — World-Class Neighbors  

 

The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world's largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . This unique land position is fully surrounded by Resolution Copper's claim block, offering strategic upside.

 

"The Silver King and Ripsey mine projects are exciting additions to our Arizona portfolio. We see an opportunity to create near term value through immediate exploration on a historic high-grade silver producer with antimony potential that has seen limited modern exploration by drilling both laterally and at depth into a prospective source formation, said Gordon Aldcorn, President of Prismo. "We look forward to getting our exploration team back in the field, advancing our exciting projects and revitalizing investor interest in the Company."

 

The Silver King mine was discovered in 1875 and produced ore with as much as 10,000 ounces per ton silver in near surface workings (2) . Underground production through 1889 is estimated at almost 6 million ounces of silver at grades of between 61 and 21 ounces per ton. During a second period of production from 1918 to 1928, 230,000 ounces were produced at a grade of 18.7 ounces per ton.  No significant production has occurred after 1928.

 

The orebody at Silver King is a steeply west-dipping pipelike stockwork and breccia zone that was mined on eight levels to about 300 meters depth below a glory hole at the surface. The pipe is described as a dense stockwork with local breccia zones and a quartz core (3) .  Records indicate that due to variations in mineralogy, much of the upper portion of the body was evidently not mined. The current owners (the " Optionor ") rehabilitated the main shaft in the late 1990s, opened the upper levels of the mine and produced a small tonnage. Assay certificates from this period show selected samples with 400 to 600 ounces per ton silver with 0.2-0.5 oz/t gold and some base metals. Virtually no modern exploration has been carried out at the mine providing significant exploration upside and multiple drill targets.

 

The Ripsey mine is a historic gold-silver-copper producer located about 20 km west of the Hot Breccia project. Historic mine workings consisting of tunnels and shafts on several levels were developed along a vein over about 400 meters of strike length and 160 meters vertically. A small tonnage of mineral was produced by the Optionor in the late 1990's. Sampling by Dr. Craig Gibson from the mine workings has yielded 15.9 g/t gold and 275 g/t silver over 0.75 meters and 8.7 g/t gold, 181 g/t silver, 3% copper and 9% zinc over 1 meter. No modern exploration has been carried out at the project, providing significant exploration upside and multiple drill targets.

 

The Company plans to conduct a detailed mapping and sampling program at both projects at surface exposures and in accessible workings.  A drill program is planned for Silver King, with about 1,000 meters initially. The Silver King drill program is designed to test the mineralized body at four elevations as well as lateral to the pipelike body. De-watering of the Silver King shaft to gain access to the upper levels may also be undertaken as submersible pumps are in place.

 

"This is a fabulous opportunity for the Company. Both projects are high-grade and are easily accessible and may be associated with porphyry copper mineralization. We also look forward to evaluating the potential for antimony at Silver King. We're excited to begin exploration immediately to test the Silver King's pipelike mineralized body at multiple depths and laterally," said Dr. Craig Gibson , Chief Exploration Officer. "This region is world-class for porphyry systems and base and precious metals, and we believe these mines have significant untapped potential."

 

    
Click Image To View Full Size
 

 

Location of the Company's projects withing the Arizona Copper Belt

 

    
Click Image To View Full Size
 

 

Land map of the Silver King mine.

 

    
Click Image To View Full Size
 

 

Drone view of the Silver King mine.

 

     

 

The Silver King mine in the late 1800's.

 

    
Click Image To View Full Size
    
Click Image To View Full Size
 

 

Small scale mining in the upper levels of the Silver King mine in the late 1990's.

 

  Deal description  

 

Prismo has the option to acquire a 100% interest in both the Silver King and Ripsey mines. Prismo can earn a 100% interest in the Ripsey mine by issuing one million shares to the Optionor, paying the Optionor US $10,000 within six months of the signing of the option agreement (the " Effective Date "), US $10,000 on each anniversary of the Effective Date and US $1 million to the Optionor within five years of the Effective Date. Prismo does not have minimum work commitments as part of the Ripsey option agreement.

 

Regarding the Silver King mine, Prismo can acquire a 100% interest in three stages. Prismo must issue one million shares to the Optionor, pay the Optionor US $10,000 within six months of the Effective Date, and US $10,000 on each anniversary of the Effective Date. To earn a first 50% interest, Prismo must incur no less than US $500,000 in expenditures on or before the first anniversary of the Effective Date, incur no less than an additional US $2.5 million expenditures on or before the third anniversary of the Effective Date and issue to the Optionor two million shares. Prismo can acquire an additional 30% interest by incurring no less than an additional US $3 million in expenditures, paying the Optionor US $1 million and issuing to the Optionor two million shares before the fifth anniversary of the Effective Date. Prismo can elect to form a joint venture at anytime after earning it initial 50% interest. The option agreement and joint venture agreement terms and conditions contain standard buyout and dilution terms regarding the final 20% interest.

 

  Private Placement  

 

Prismo is also pleased to announce a non-brokered private placement (the " Private Placement ") of five million units of the Company (" Units ") at an issue price of $0.05 per Unit for minimum gross proceeds of $250,000. Each Unit will consist of one common share in the capital of the Company (a " Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one Share for a period of twenty-four (24) months from the date of issue at an exercise price of $0.10.

 

The Private Placement will also be made available to existing shareholders of the Company who, as of the close of business on July 1st, 2025, held Shares (and who continue to hold such Shares as of the closing date of the Private Placement), pursuant to the existing securityholder exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the " Existing Securityholder Exemption "). The Existing Securityholder Exemption limits a shareholder to a maximum investment of CAD$15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the Existing Securityholder Exemption exceeding the maximum amount of the Private Placement, the Company intends to adjust the subscriptions received on a pro-rata basis.

 

The Units issued pursuant to the Private Placement and the Existing Securityholder Exemption will be subject to a four-month hold period from the closing date of the Private Placement under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.  

 

  The Company intends to use the net proceeds of the Private Placement for general corporate purposes. The Company may pay finder's fees to eligible finders in connection with the Private   Placement, subject to compliance with applicable securities laws and Canadian Securities Exchange policies.  

 

  The securities being offered have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.  

 

  Debt Settlements  

 

  Prismo also announces that it has entered into debt settlement agreements (the "   Settlement Agreements   ") with certain creditors of the Company (the "   Creditors   ") pursuant to which the Company agreed to issue to the Creditors, and the Creditors agreed to accept, an aggregate of 160,000  shares of the Company (each, a "   Share   ") in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $11,000 (the "   Debt Settlement   ").   All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.  

 

  Share and Warrants Issuance  

 

  A private company dealing at arms' length with Prismo, its officers and directors, had certain rights into the Silver King and Ripsey mines ("   PrivateCo   "). In consideration for PrivateCo relinquishing its rights in the Silver King and Ripsey mines in favor of the Company, Prismo has agreed, subject to regulatory approval, to issue PrivateCo five million units (the "   Units   "). Each Unit is comprised of one common share (a "   Share   ") and one share purchase warrant (a "   Warrant   "). The Shares will become free trading as to 25% every six months from the Effective Date. Two million of the Warrants will be exercisable at $0.10 ("   First Tranche   ") and three million Warrants will be exercisable at $0.15 ("   Second Tranche   "), all for a period of three years. The shares from the exercise of the Warrants will become free trading as to 25% every six months from the Effective Date. In addition, the exercise of the First Tranche is conditional on Prismo having raised $1.5 million from parties introduced to Prismo by the principals of PrivateCo and the exercise of the Second Tranche is conditional on Prismo having raised $3.0 million from parties introduced to Prismo by the principals of PrivateCo.  

 

  Qualified Person  

 

   Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. Other than the sampling conducted by Dr. Craig Gibson as indicated herein, the data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans.   

 

  1)     https://resolutioncopper.com/about-us/    

 

  2)   Galbraith, F, 1935, Geology of the Silver King area, Superior, Arizona, Univ. of Arizona thesis, 153p plus plates.  

 

  3)   Blake, W.P., 1883, Description of the Silver King Mine, Arizona, New Haven, 48p plus plates.  

 

  About Prismo Metals Inc.  

 

  Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.  

 

  Please follow @PrismoMetals on   ,   ,   ,    Instagram    , and  

 

  Prismo Metals Inc. ,   1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6  

 

  Contact:  

 

  Alain Lambert, Chief Executive Officer    alain.lambert@prismometals.com   

 

  Gordon Aldcorn, President    gordon.aldcorn@prismometals.com   

 

  Cautionary Note Regarding Forward-Looking Information  

 

  This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.  

 

  These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King and Ripsey. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund exploration and the timing of such exploration.  

 

  Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-   looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.  

 

  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
 

 

Copyright (c) 2025 TheNewswire - All rights reserved.

 

 

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Bold Ventures Provides Update on Field Work at Burchell Property

Bold Ventures Provides Update on Field Work at Burchell Property

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to provide an update on the progress of field work at its Burchell Gold and Copper Property, located approximately 100 km west of Thunder Bay.

 

Prospecting, outcrop mapping and soil sampling were carried out during the months of May and June on a 1 km by 800 m flagged grid centered on the recently discovered 111 Zone, where grab samples returned between 10 ppb gold and 68 g/t gold last December (see news releases dated December 12, 2024 and January 9, 2025). More than 600 rock and soil samples have been submitted for analysis from this first phase of field work, with final results pending.

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Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

Juggernaut Announces Financing Of $1,000,000 From One Strategic Investor

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 3 rd 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), is pleased to announce a $1,000,000 hard dollar financing from one strategic investor, further confirming the support and excitement of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining's Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a globally ranked tier 1 jurisdiction with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

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Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

 

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce assay results from six grab samples collected at the Main Mineralized Zone ("MMZ") of its wholly-owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. These samples confirm high-grade lead-zinc-silver mineralization at surface and show associated gold and copper enrichment consistent with a polymetallic volcanogenic massive sulphide ("VMS") system.

 

The grab samples were collected during a recent field visit, focused on confirming the tenor and extent of exposed mineralization within the MMZ. All samples were collected from bedrock outcroppings of gossanous surface material. Surface grab sample highlights are given in Table 1, below.

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