Investment Highlights
- Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
- 17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
- Signed Binding Letter of Intent to Purchase Sill Lake Lead-Silver Property, Ontario Read More
Kenbridge Ni Project (ON, Canada)
- Advanced stage deposit remains open in three directions, is equipped with a 623m deep shaft and has never been mined.
- Preliminary Economic Assessment completed and updated returned robust project
economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of
copper credits. - Plans for Kenbridge include updating PEA, advancing the project through to feasibility and exploring the open mineralization at depth
Sill Lake Silver-Lead property, Sault Ste. Marie Mining Division, Ontario.
- Closed the acquisition of the past-producing Sill Lake Silver-Lead property, Vankoughnet Twp, Sault Ste. Marie Mining Division, Ontario.
- Acquisition includes 13 single-cell mining claims and four boundary-cell claims that total some 372.8 hectares.
- Lead-zinc-silver mineralization was discovered at Sill Lake in 1892; since that time sufficient works have been completed so as to define a (historical) measured and indicated resource of 112,751 tonnes of 134 g/t silver, 0.62% lead, and 0.21% zinc.
- A 60 g/t cutoff for silver was used, with no cutoff used for base metals content.
- Some 7,000 tonnes was exploited from the Sill Lake Project to produce a lead-silver concentrate which was sold to nearby smelters.
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