Creating Value Through Delineation of Base and Precious Metal Resources in Peru
Also recently acquired Canadian Arrow Mines assets which includes two Ontario-based nickel-copper-(cobalt) properties
Message: Tartisan Resources Corp. Provides “Next Steps” For Nickel Assets
Toronto, Ontario - Tartisan Resources Corp. (CSE: TTC, FSE: 8TA) (“Tartisan”, or the “Company”) is pleased to provide the next steps for the Company’s newly acquired nickel assets.
Tartisan’s principal assets now include the Kenbridge Nickel-Copper-Cobalt Project near Kenora, Ontario and the Alexo-Kelex Nickel Project near Timmins, Ontario. These nickel assets join the Company’s significant equity holding in Eloro Resources Ltd. (Gold-Silver), the Don Pancho (Zinc-Lead-Silver-Manganese) Project and the Ichuna (Copper-Silver) Project located in Peru.
The Kenbridge nickel-copper-cobalt project hosts an Indicated Resource of 3.7 MM tonnes at 0.64% nickel and 0.34% copper in a mineralized body with drilled dimensions of 250m along strike and to a depth of 823m. A Preliminary Economic Assessment (“PEA”) filed by Canadian Arrow Mines Limited in 2008 suggests a production solution of 2,800 tonnes per day from surface and underground using the existing 623m four-compartment shaft.
The Tartisan development strategy for the Kenbridge Project is initially three-pronged:
- First, the Company has initiated discussions with geophysical contractors for a detailed geophysical survey of the Kenbridge Project with the goal of determining if further mineralization exists along strike; down dip; or down plunge.
- Second, the Company is assimilating all the data from Canadian Arrow Mines Limited with the goal of understanding the constraints on the existing Indicated Resource at different modeling parameters within a block model of the project.
- Third, the Company has initiated discussions with environmental consultants on starting the long-term baseline environmental surveys that would be required for any developmental solution for the Kenbridge Project in the future.
“We are accelerating the understanding of the Kenbridge Nickel-Copper-Cobalt Project”, said Tartisan CEO Mark Appleby, “because we believe that the PEA filed in 2008 mitigates the bulk of discovery risk and much of the developmental risk such that we want to ensure that a fast-track to development is in place for both technical endeavor and regulatory permitting.”
“For the Alexo-Kelex Nickel Project, Tartisan is assimilating the geological and geophysical data to determine whether a continuation of the small volume bulk sample mining of the Alexo Sector and the Kelex Sector, started by Canadian Arrow Mines Limited is feasible technically, and within relevant regulations as regards to bulk sampling and environmental remediation of past works”.
Canadian Arrow Mines Limited shipped about 30,000 tonnes of 1.3% nickel to a local mill for metallurgical analysis and processing in 2004 to 2005 from the Alexo-Kelex Nickel Project.
Additionally, at the Don Pancho Zinc-Lead-Silver-Manganese Project in Peru, negotiations are ongoing with consultants that specialize in community relations and environmental compliance as the Company gears up for a bulk sample and surface drilling program at Don Pancho.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC, FSE 8TA). Currently, there are 93,308,550 shares outstanding (105,142,594 fully diluted). Tartisan Resources is a member of the CSE Composite Index.
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Jim Steel MBA, P.Geo., a Qualified Person in the context of NI 43-101, has reviewed and approved the technical content of this news release.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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Source: Tartisan Resources Corp. (CSE:TTC)
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