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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

Post by mferguson71on Dec 15, 2020 2:45pm
157 Views
Post# 32110697

Financing Closed

Financing Closed

I would expect that in the next month we should see a steady stream of news releases regarding technical updates on the gold properties in Brazil as well as some sort of forecasting guidance in the next 6 to 12 months. 

Now that PP has closed, my understanding is that they will not be looking to raise more money in the near term. I hope this still is the case regarding even if they decide to do some exploration on Swift Kate or Lose Reyes. 

I believe that the market will start to appreciate the gold produciton side of things with such a low market cap starting out compared to other smaller producers. Abcourt, Orsu Metals and others. 
 

Remember their neighbour is producing 5000 ounces a month right now. Time will tell. Exciting times as we move onto the next steps.

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