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Nickelex Resource Corp NKLXF


Primary Symbol: V.NICK

Nickelex Resource Corporation, formerly Valterra Resource Corporation, is a Canada-based resource group company. It is engaged in providing exploration, administration, and corporate development services for its operations. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties. Its 100%-owned porphyry/shear-hosted Cu-Au-Ag Swift Katie property is located approximately seven kilometers (km) south-west (SW) of the village of Salmo, British Columbia (BC). The property consists of over 19 contiguous MTO mineral claims, which covers an area of approximately 83 square km. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba (the licenses). The four licenses are located 30 km north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. The Company, through Pilar Gold Inc. and Laiva Gold Inc., has operations in Brazil and Finland.


TSXV:NICK - Post by User

Comment by OldGoldon Nov 07, 2020 4:42pm
135 Views
Post# 31858194

RE:RE:RE:RE:RE:RE:Valterra Livramento Mine to start extracting ore today.

RE:RE:RE:RE:RE:RE:Valterra Livramento Mine to start extracting ore today. Yes GoldenEra, the appointment of such a high profile and experienced geo like Paulo, has completely let the cat out of the bag. How could a company like Valterra attract people like Paulo, and more importantly, Richard Crew, to them without a very clear path for rapid expansion. I know Richard is under pressure to start pumping gold out, but remember he has had to pick up from where the previous owners basically stopped striping and just mined the easy gold when the covid crises hit some eight months ago, then parked everything up.  It will take him a while to rebuild production, first sampling several pits and developing and implementing a mining plan. Richard has been working 14 to 15 hours a day seven days a week to get things moving, having to contend with left field problems on a daily basis. One example is the high grade pit was mined right up to a power pole that carriers the entire power supply for the site, moving high voltage transmission lines is both time consuming and difficult to organise. So production will take a few months to build up to a profitable level I would think.  He said he will send more videos when he gets a chance and I will post them for anyone who is interested.  
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