22 Mar 2021 An Emerging Player, Heading Towards a Production Decision at the Kenbridge Nickel Deposit
The Canadian mineral exploration and development Company owns the Kenbridge Nickel Deposit, located in the Kenora Mining District, Ontario where the Company has recently contracted Crone Geophysics & Exploration Ltd to complete a surface Time Domain Electromagnetic (TDEM) Survey over targets identified to the north of the known Kenbridge Nickel Deposit. Additionally, the Company recently announced that P & E Mining Consultants Inc. have been engaged to update the Kenbridge Project Preliminary Economic Assessment, (“PEA”). The historic “PEA” spoke of a 2,800 ton per day mill and featured robust economics with an 87% recovery rate for nickel. The Company anticipates having the updated “PEA” made available sometime in May 2021.
Tartisan Nickel Corp. owns a collection of portfolio holdings that have played a significant role in balance sheet enhancement. Tartisan put in play an ambitious business plan in 2017-18 by acquiring Canadian Arrow Mines Limited and then spinning off and monetizing non-core assets for cash, securities and NSR’s. Portfolio holdings include two NSR’s; one on the Kelex-Alexo Nickel Project in Timmins, Ontario and an NSR on the La Victoria Project in north-central Peru. Equity stakes in Eloro Resources Limited (TSXV:ELO), Class 1 Nickel & Technologies Limited (CSE:NICO), Peruvian Metals Corp. (TSXV:PER) and Silver Bullet Mines Inc. have afforded the opportunity to advance the Kenbridge flagship asset while mitigating dilution.
Tartisan also owns the Don Pancho Manganese-Lead-Silver-Zinc Project in Peru, as well as the Sill Lake Lead-Silver Property in Sault St. Marie, Ontario. The Company recently purchased a 100% interest in key claims to complete the Sill Lake Lead-Silver Property package. Tartisan is having the Sill Lake NI 43-101 Resource Report updated and is scheduled for completion in March 2021.
Tartisan Nickel Corp. recently initiated a normal course issuer bid, where it could purchase up to 5,246,456 of the Company’s common shares, representing approximately 5% of the issued and outstanding common shares of the Company. This will add yet another tool to utilize should the Company deem the timing appropriate.