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Homeland Nickel Inc V.SHL

Alternate Symbol(s):  SRCGF

Homeland Nickel Inc. is a mineral exploration company. It is focused on critical metal resources with nickel projects in Oregon, United States and copper projects in Newfoundland, Canada. Its projects include Cleopatra, Red Flat Nickel Property, Shamrock Property, and Eight Dollar Mountain. The Cleopatra property is located in southwest Oregon and consists of 139 lode mining claims covering a total area of 1,162 hectares (2,872 acres). The Red Flat Nickel property is located in southwest Oregon 15 kilometers (km) east of Gold Beach and 480 km south of the City of Portland. The Eight Dollar Mountain property is located in Josephine County, Oregon. The Eight Dollar Mountain property consists of 115 claims totaling 962 hectares (2,376 acres). The Shamrock Property consists of 40 unpatented load claims, accessible by paved road, covering 758 acres and located 20 miles northwest of Medford, Oregon. It also owns a 70% interest in the Great Burnt and South Pond copper and gold properties.


TSXV:SHL - Post by User

Post by DrNo1962on Sep 01, 2021 8:16am
136 Views
Post# 33793221

Resource World Article...

Resource World Article...Someone posted this on another board... Nice article... 

https://twitter.com/SpruceRidgeLtd/status/1432739467148898308

Some notable takeaways notwithstanding Great Burnt copper focus and idle Teck mill... 

"Meanwhile, work has begun on the access trail from Great Burnt zone to South Pond B Gold Zone and continue on to the South Pond A Copper/Gold Zone.  Once the trail reaches the South Pond B Gold Zone, drill sites will be cleared and drilling will commence.
 
Spruce Ridge CEO John Ryan said the decision was prompted by recent discoveries by New Found Gold Corp. [NFG-TSXV] and others.  He said the discoveries have highlighted the potential of the Paleozoic sedimentary and intrusive rocks of Central Newfoundland to host substantial zones of high-grade gold."

AND... 

"The company expects to generate positive cash flow from the recently acquired oil and gas wells in southwestern Saskatchewan from Repsol Canada Energy Partnership
 
The company said current crude prices will allow it to start producing from five to seven oil wells with relatively low start-up costs."

AND... 

"Spruce Ridge has retained ground in the Crawford Twp area which feature a number of geophysically- defined targets with potential for VMS and gold mineralization.
 
Proximity to Glencore’s Kidd Creek zinc-copper-silver mine, one of the world’s largest VMS deposits at 100 million tonnes plus enhance the prospectivity of the Crawford Twp area, the company has said.
 
Spruce Ridge has formed a joint venture with a private group of knowledgeable mining investors to explore VMS and gold targets on its Crawford Twp property."
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