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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 14, 2020 5:20pm
113 Views
Post# 31901922

RE:RE:RE:RE:Stockpile grows and potential new deposit found.

RE:RE:RE:RE:Stockpile grows and potential new deposit found. Caution is to be used for sure ggrellette, of course the amount of caution used on different stocks is as varied as the goals of different investors. I like the pros and cons approach, how many ticks as apposed to how many crosses weighed against the possible gains to be made. Valterra has not kicked many goals in the past by the looks of it, but you do not get anywhere looking back. This is a new approach by the company and from what I have seen so far looks like being a winner for them. I have a personal interest in the Brazilian gold mining industry as I know some of the people in the industry over there and have visited mines in Brazil in the past, so I have some firsthand experience on that front,. They are at the point, in my opinion, of going from a speculative stock to a proven profitable producer. The market is sitting watching from the sideline at the moment and will be on plenty of watch lists. No JORC or previous production numbers are holding it back, that will change when production starts. So why am I in, proven ground, even if the historical production numbers do not meet the TSX standard to be released to the market, the company will have them and be happy enough with them to invest. All permits and licences in place, that can be a nightmare to get in Brazil. And the team, there is no way Richard would be involved if he did not have an extremely high amount of confidence of success. His wife is from these parts, he knows the area and players very well… Very near-term production, we are talking weeks, not years or months like a lot of others in the market. Very inexpensive mining and processing, no blasting, not cyanide, no tailings problems, very close to major centres and infrastructure already in place… The list goes on, I would like a JORC, but then it would not be at this bargain basement price and not give me the protentional upside I am looking for.  Getting a bit long winded so will leave it at that. I have a few new photos and will post them later. Just waiting to hear back form a geo mate about one of them..

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