- Tartisan Nickel Corp. (CSE:TN) has filed its preliminary economic assessment (PEA) on the Kenbridge Nickel Project
- The PEA indicates a 9-year mine plan based on a 1,500 tonne per day underground mining and processing operation, which would have the capacity and could potentially accelerate to 2,000 t.p.d.
- The company believes the PEA provides a solid base case for moving the Kenbridge Nickel Project forward
- Tartisan Nickel Corp. (CSE:TN) is up 1.82 per cent, trading at C$0.28 per share at 12:05 pm ET
Tartisan Nickel Corp. (CSE:TN) has filed its preliminary economic assessment (PEA) on the Kenbridge Nickel Project.
The PEA indicates a 9-year mine plan based on a 1,500 tonne per day underground mining and processing operation, which would have the capacity and could potentially accelerate to 2,000 t.p.d. The mine plan assumes the potentially extractable tonnage of measured, indicated and inferred mineral resources which assume an overall dilution of 47 per cent and a 94 per cent mine recovery factor.
Measured and indicated mineral resources represent 3,445,000 tonnes at 0.97 per cent Ni, 0.52 per cent Cu and 0.013 per cent Co (74 Mlb Ni, 39.1 Mlb Cu). Inferred mineral resources represent 1,014,000 tonnes at 1.47 per cent Ni, 0.67 per cent Cu and 0.011 per cent Co (32.7 Mlb Ni, 14.9 Mlb Cu).
The company believes the PEA provides a solid base case for moving the Kenbridge Nickel Project forward.
Tartisan’s President and CEO, Mark Appleby stated that the Kenbridge Nickel Project PEA is focused solely on the current underground mineral resource.
“There is excellent potential to increase and upgrade the quality of the near surface mineralization at Kenbridge thereby adding additional years of production or providing the basis for an increase in annual throughput. The PEA provides compelling evidence to move into Pre-Feasibility and for the Kenbridge Nickel Project to move into a production scenario. The Company has commenced the necessary baseline studies and has undertaken additional studies which are essential and necessary in Project Permitting. The Company continues to upgrade the access road to site with completion anticipated in late September, October 2022.”
The property is covered by patented and unpatented mining claims totalling 41 sq. km. Since 1937, 665 surface and underground drill holes totalling 99,741 metres have been completed on the property. Kenbridge has an existing shaft to a depth of 622 metres with 13 level stations at 46 metres intervals below the shaft collar and two levels developed at 107 metres and 500 ft 152 metres below the shaft collar.
Tartisan Nickel is a Toronto-based mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario.
Tartisan Nickel Corp. (CSE:TN) is up 1.82 per cent, trading at C$0.28 per share at 12:05 pm ET.
