Tartisan Nickel Corp (CSE:TN) (OTCMKTS:TTSRF) (FRA:8TA) is poised to conduct a geophysical survey at its flagship Kenbridge nickel project in northwest Ontario in a bid to assess potential targets for a drill program.
The company has hired Crone Geophysics & Exploration Ltd to complete the surface Time Domain Electromagnetic (TDEM) survey over targets identified to the north of the known nickel, copper, cobalt deposit at Kenbridge.
“The geophysical field crew is expected to mobilize to site in the next two weeks,” Mark Appleby, CEO of Tartisan told investors in a statement.
“Tartisan is planning a late spring early summer drill program on the down plunge and down dip extensions to the known deposit and will look to drill targets generated from the TDEM program,” he added.
“Tartisan will aggressively move the Kenbridge Nickel Project forward in 2021.”
A 2020 resource update for the project showed a measured and indicated (M&I) resource of 7.5 million tonnes (Mt) of 0.58% nickel and 0.32% copper for a total of 95 million pounds of contained nickel.
Mineralization at the deposit is open at depth and along strike and the asset is also equipped with a 622 metres (m) deep shaft.
On February 2 this year, the company announced that P&E Mining Consultants would be updating a previously published preliminary economic assessment (PEA) for Kenbridge,
A PEA in 2008 showed the average recovery of nickel over the life of mine was 86% and recovered was 84.6 million pounds. The pre-tax net present value (NPV) was pegged at $253 million and the pre-tax internal rate of return (IRR) was 65%.
The new PEA will identify the “critical next steps that Tartisan needs to take to move the Kenbridge deposit towards a Bankable Feasibility Study, including permitting, geotechnical, environmental, and geological considerations,” the company said in Tuesday’s statement.
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Story by ProactiveInvestors
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