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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Post by CravingProfitson Dec 19, 2023 4:30pm
170 Views
Post# 35792545

More Timmins investment money...

More Timmins investment money...In gold but still great fir the local economy and mining sector.
I hold no shares in this one btw.

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McEwen pours $22 million into Timmins-area exploration, mine development
Gold company begins driving ramp this month to access Stock West deposit
Northern Ontario Business Staff
about 5 hours ago
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Black Fox Mine Complex (McEwen Mining)
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McEwen Mining is putting money into exploration to better outline its future areas of gold mining in the Timmins area.
 
The Toronto gold company announced last week it’s raised $22 million through flow-through shares to fund ongoing exploration and development in northeastern Ontario. McEwen didn’t specify in a news release which properties are earmarked for funding.
 
In the last year, McEwen has focussed much of its efforts on the Stock Property at its larger Fox Complex outside Matheson.
 
 
The Stock West discovery is expected to be McEwen’s next area of production in a couple of years.
 
The company has spent a lot of money on exploration in the area of the former Stock Mine and the attached mill where it’s processing all the material coming from the Fox Mine and the Froome deposit.
 
Previous gold mining at Stock stopped at a depth of 330 metres but exploration shows promising grades deeper down at 600 metres. The company began drilling to the west of the Stock Mine and discovered Stock West. Development planning began a few years ago to mine there after finishing at Froome.
 
With Stock West close to the mill, McEwen decided to access it by ramp. Exploration drilling began around the portal and good gold grades were found. The Ramp Portal Zone provides the opportunity to generate early cash flow to fund a portion of the ramp.
 
Construction of the ramp began this month and will continue for the next year.
 
 
 
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