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Bullboard - Stock Discussion Forum 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... see more

TSXV:NICK - Post Discussion

Nickelex Resource Corp > 3 months later!
View:
Post by Canada300 on Feb 10, 2021 10:02am

3 months later!

Nov 10 release:
Bulk sampling has commenced in both pits with the material sampled and assayed to determine feed grades and stockpiled at the Livramento mill ready for processing. An initial test run of the mill was complete on Sunday the 8th of November using just the 2 hammer mills. The team is waiting on the arrival of 7 tonnes of steel balls so that the existing ball mill can be included in the circuit. The ball mill is expected to be in operation by the 17th of November to allow the first batch of bulk sample to be processed. A gold pour is expected in the next two weeks. A second ball mill was delivered on site on the 12th of October and will be added to the circuit in the next 2 months, which will increase the hourly milling rate to 60 tonnes. 

I would hope there is another release soon to define the results of that bulk sample and confirm that the plant is producing gold.Something like 60 tonnes/hr @ 2 g/t equals thousands of grams since commissioning...

But then, maybe we were just simply scammed.

IMO C300
Comment by OldGold on Feb 10, 2021 4:38pm
Hi Canada300, the plant is running, I will get a video together when I can that I got from Richard over the weekend. They are busy stripping access to the ore, the hold up with gold sales is, now this might not be exactly right, licencing, the licence they have, is the same one Anglo and many other miners use, is not the one the TSX wants, so they are in the process of changing it over. There is ...more  
Comment by Canada300 on Feb 12, 2021 12:38pm
I think we all realize the plant is running, numerous videos show that. But, is there any gold being produced or just moving gravel from one spot to another?
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