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Nickelex Resource Corp V.NICK

Alternate Symbol(s):  NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. 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 four licenses are located 30 kilometers north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. Pilar Gold Inc. and Laiva Gold Inc. have operations in Brazil and Finland. Pilar Gold operates the Pilar gold mine in Brazil. Laiva Gold owns the Laiva gold mine and mill in Finland.


TSXV:NICK - Post by User

Bullboard Posts
Comment by mferguson71on Oct 14, 2020 10:31pm
173 Views
Post# 31719121

RE:First gold pour by the end of October !

RE:First gold pour by the end of October !on quick math if margins are $1000 an ounce and we still owe 18 million change for the property the next two years of profit will go towards paying off the purchase price. This is going to hold the stock some..... until we get further confirmation of size of deposit, grades, and any more needed capital for the mills. This is great news and very encouraging to see management do what they were said they were going to do. It makes me wonder if the private placement is mostly subscribed by the guys who sold vqa this property. Warrants for free on something they were going to spend money on anyways to put into production. This press release is full of great news. Have to start with a small amount .This will give the company cash flow to avoid further dilution once we are producing. I see the share price staying at these levels until the private placement is closed. Hope all early investors are rewarded.
Bullboard Posts