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Nickelex Resource Corp V.NICK

Alternate Symbol(s):  NKLXF

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

Post by Canada300on Feb 10, 2021 10:02am
219 Views
Post# 32524006

3 months later!

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
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