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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

Comment by OldGoldon Nov 07, 2020 4:42pm
147 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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