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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nitinat Minerals Corporation | TSXV:NZZ | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.035 | 0.045 | 0 | 00:00:00 |
The Corporation intends to implement an exploration program for the Claims to fully explore the potential of the Claims. The “preliminary technical appraisal” provided herein, along with the geophysics that the Corporation intends to undertake, will identify potential drill targets. The property encompassing the Claims is of particular interest in that surface exploration to date on the Claims has shown the existence of historic surface mining and sampling. The Corporation is currently assessing the most economical and efficient route, taking advantage of the available database, to develop a work program with the related timelines.
The following “preliminary technical appraisal” is the initial professional summarization of the Corporation’s geologist from which an initial work plan will be prepared:
“The Corporation is very pleased to be moving forward on the technical side of things,” stated Mr. Herb Brugh, the President of the Corporation. “The Corporation is confident that with the experienced team that it has assembled, the Carscallen Gold Property will be fully exploited to its fullest potential.”
The Carscallen Gold Property is located 25 kms west of the City of Timmins and 7 kilometers north of the Lakeshore Gold’s Timmins Mine which produced an aggregate of 185,600 ounces in 2014.
The Qualified Person for the Carscallen Gold Property is John A. Gould, B.Sc. University of the Witwatersrand (Geology, Physics and Chemistry) Potchefstroom
Corporation contact:
Herb Brugh, President and DirectorTel: 416.216.0964
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “anticipated”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Nitinat is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Nitinat cannot assure investors that actual results will be consistent with these forward-looking statements and Nitinat assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.
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