Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the... see more

TSX:NCP - Post Discussion

View:
Post by Wangotango67 on Nov 26, 2023 12:47pm

FEATHERS

What's another name for feathers ?
Doess someone have a partiality to, feathers, quills ?

In 1670, King Charles II, via royal charter, granted exclusive trading rights in all territories draining into Hudson Bay, to “The Company of Gentleman Adventurers”. The resultant enterprise, to be known as the Hudson’s Bay Company, soon began establishing outposts on the shores of the Bay. At the outset, Company interest focused almost exclusively upon trade in peltry, primarily that of beaver, then in demand for the manufacture of fashionable men’s hats. But, as the Company became more familiar with the region’s resources, other opportunities for commercial enterprise were identified and pursued. The Company thus created a market for an ever-greater range of “country” products, and the indigenous peoples eagerly stepped forward to fill a role akin to “market hunter”. Over time, in addition to furs, the Company engaged in trade for salted buffalo tongues, castoreum, isinglass, whale by-products, walrus teeth, and, of particular interest here, the feathers, quills, and skins of waterfowl.

https://mwf.mb.ca/archives/6642

QUILL
https://www.dailymail.co.uk/news/article-9701167/National-Archives-conservators-QUILL-inside-document-dating-reign-Queen-Elizabeth-I.html

House of Plantagenet

The ostrich feathers heraldic motif is generally traced back to Edward, the Black Prince (1330–1376), eldest son and heir apparent of King Edward III of England. The Black Prince bore (as an alternative to his paternal arms) a shield of Sable, three ostrich feathers argent, described as his "shield for peace", probably meaning the shield he used for jousting. These arms appear several times on his chest tomb in Canterbury Cathedral, alternating with his paternal arms (the royal arms of King Edward III differenced by a label of three points argent).[7] The Black Prince also used heraldic badges of one or more ostrich feathers in various other contexts.


1ST MINER OF, WELLGREEN ?
HUDBAY / YUKON
Hudson Bay Mining Co

Canada's most famous and influential chartered company was
the Hudson's Bay Company


[Hudson's Bay] Company to Canada.”
40 Although the aboriginal title in the ... British Crown


Hudson Bay Mining and Smelting Company, Ltd. mines and processes zinc, copper,
nickel, gold and silver through nine mines and four mills in Manitoba


2014 Tech Report
Page 11

1.2 Project History

Prospectors W. Green, C. Aird and C. Hankins staked the first recorded mineral claims on
the Wellgreen Property in 1952. Underground mining operations were initiated in 1971 with
commercial production commencing in 1972 by Hudson Yukon Mining Co. Ltd. (Hudson
Yukon Mining), a subsidiary of Hudson Bay Mining & Smelting Co. Ltd (HudBay).
Production was suspended in 1973.



2014 Tech Report

Quill Claims Title Owner - 0905144 B.C. Ltd
Page 24
Kat + Quill

Could Kat + Quill be Crown owned ?
With a Quill sprawl overreach ?

What's so odd ?
No Wellgreen Claims are listed as Wellgreen claims
With an enviro, park, or easement overlay ?


Wellgreen Claims Lease Title Owner
- Page 18

Wellgreen Platinum’s interest in the Property also consists of two surface leases issued by
the Government of Canada and administered by the Government of Yukon:
Lease 115G05-001 and 115G11.003, as described below and in Table 4-2.
                     ^
Lease 115G05-001 covers a 69.7 hectare parcel of land located near the headwaters of
Nickel Creek proximal to the known Wellgreen deposit (Figure 4-3). Various operators have
conducted historic exploration activities on this parcel of land since the 1950s, and
exploration activities have been carried out by Northern Platinum Ltd. (Northern Platinum)
and Coronation Minerals Ltd. (Coronation Minerals) since the late 1990s. Northern Platinum
held a lease on this same area from the early 1990s until October 31, 2011.

Prior to expiration, the 21-year lease was assigned to Prophecy Platinum Corp. (now Wellgreen
Platinum), who then applied for renewal of the lease.

This lease was renewed on June 1, 2013 and expires on May 31, 2034

Page 12
Wellgreen deposit has been delineated into six zones of massive and disseminated
mineralization known respectively as the Far East Zone, East Zone, Central Zone, West
Zone, Far West Zone, and North Arm Zone. The mineralization at Wellgreen is similar to
gabbro-associated nickel deposits such as those found in Noril’sk, Russia; Stillwater,
Montana; and Sudbury, Ontario, though it is unusual in comparison with the width of
continuous disseminated mineralization
and total platinum group metals (PGMs) content.

Exploration drilling has defined a mineralized zone over a 2.8 kilometre East-West trend.
The deposit averages 100 to 200 metres in thickness at surface in the Far West Zone,
expands to 500 metres in thickness in the Central Zone and to nearly a kilometre wide in the
Far East Zone
where the deposit remains open down dip and along trend.

The main sulphide minerals associated with potentially economic mineralization at
Wellgreen include pentlandite for nickel, chalcopyrite for copper, with the PGMs platinum,
palladium, rhodium, iridium, ruthenium, and osmium, as well as, gold
included in sperrylite,
merenskyite, sudburyite, and other lesser known minerals that are often associated with
magnetite, pyrrhotite, chalcopyrite, and pentlandite, along with cobaltite for cobalt.


Notice ( main sulphide minerals ) nothing about solid solution.


Page 29
Really interesting.

115G05-001 ( leased claims shown in - brown
main mine, backside of mine mountain, across road.
matches the Quill sprawl.


PAGE 29
On September 22, 2010, Northern Platinum (who at that time owned a 100% interest in the
Wellgreen Property, subject to a 50% back-in right held by Belleterre Quebec) was acquired
by Prophecy Resource Corp. As a result, Prophecy Resource Corp. became the owner of a
100% interest in the Wellgreen Property (subject to the 50% back-in right held by Belleterre
Quebec). Subsequently on September 24, 2010, Prophecy Resource Corp. acquired the
50% back-in right held by Belleterre Quebec, resulting in Prophecy Resource Corp.
acquiring a 100% interest in the Wellgreen Property, free of any back-in rights.


Online Search
La Mine Belleterre Quebec,

Govt Canada Publications
Turnoff (left) to Crown Reserve mine (page 42). km. 4.1. Junction, road on ...
la Mine, is southwest of. Saint-Eugne-de-Guigues and north of Ville-Marie;


Canada Chronilogical Mining Records
Belleterre mine, western Quebec, commenced milling in October. Road from ...
Quebec charter to acquire mining rights be
longing to the Crown

---------------------------------------------------------------------------------------------

Prophecy Platinum secured 100% rights, with no Belleterre
back in rights  -----> ( Crown ) then, present junior should be
 able to report UG mine resources + Deep intercept drill holes, right ?


Could another bypass the back in rights and apply,
Quill intrudions / expansions ?
Park, Practical Entitlements, Enviro Cards ?


---------------------------------------------------------------------------------------------

Page 30
Permit LQ00323b covers the claims on which the current mineral resource has been
delineated as well as the upper camp of the Wellgreen Property located on surface Lease
115G05-001. This permit expires July 20, 2021.

- upper camp
- surface lease
- where it's been delineated = UG Mine.
- expires July 20 2021

The Biggie ?
Many strange moves made during 2021 with, Canadian Juniors.
Canadian Lithium Brines anyone ?

Question,
Did NCP renew these lease main mine claims ( 115G05-001 )  or let lapse,
allowing Quill to scoop them ?

Page 31
shows the Wellgreen operating claims in green.
which extend into, the present day Quill.


Page 33 - 34
Here is a 2012 map showing Wellgreen with NO -  A, B conditions.
Only Burwash has the A,B.

So where would present day anomalies point ?
- no ug mine resource ?
- quill sprawl ?
- 2021 permit renewal or lapse ?
- enviro cards / park / easements ?
- no exotics ?
- practical entitlement ?
- upper hole / lower hole ?
- not best suited assay / extraction ?
= Crown ?

But.... what about.... Belleterre No Back in rights ?
Would quill, enviro,,and all the list above be considered as
avenues of control = back in ?

https://live.staticflickr.com/65535/53357690895_e2d6a099a0_c.jpg


Page 68 ( Important )

11.4.1 Historic Programs 1952-1988
Hudson Yukon Mining assayed all core at their internal lab in Flin Flon, Manitoba, and
Archer-Cathro assayed all core at Bondar-Clegg & Company Ltd. in North Vancouver.
No sample preparation details are available from the Hudson Yukon Mining documentation,
however the Archer-Cathro core was analyzed for Pt and Pd by fire assay, and Cu and Ni by
atomic absorption (AAS). In addition, some samples were analyzed for the other PGEs and
as such underwent neutron activation.

While no documentation exists for how samples were prepared from the historic and the
more recent programs (conducted from 1996-2005), it was assumed that sample
preparation methods at the various laboratories are generally consistent with current
industry best practices since reputable firms were utilized


Prophecy Platinum ( Lee ) was on the ball.
When Lee tested the 800 chip samples in, UG Mine what did he use ?
He used same historical process knowing = match higher assay results by, HudBay.
neutron activation.

Immediately after Lee reported the exotics from, 800 chip samples,
Lee said he'd revert back to 4 part acid...lol

Was Lee told not to use, neutron activation ?


Pages 51, 52
( quill sprawl ) compare to 54 simply Far East


2014 Tech Report
https://www.wellgreenplatinum.com/pdf/Wellgreen_2014_Resource_Technical_Report.pdf


THOUGHTS
Was the Quill geographical name always there or, did another
name the area Quill along with, Quill formation ?
Hard to say.

What i do know is, much of Canada's, cities, towns, roads, parks,
are named after places in, England.

If Quill is invading main original Wellgreen, one has to ask,
is the new Quill sprawl inhibiting portions of Wellgreens resource
from being calculated ?

Is all of East + West with upper / lower drills + UG mine
factored into present day, resource ?

The UG mine seems to be a sheltered zone.
In one report Watts, didn't use any drill holes from the HudBay files.
The grades were too high, or, not consistent with longer hole intercepts ?
lol

Most every deposit has a high grade zone.
Envision inside mine.
4 walls. N/S/E/W

50m hole southerly + 50m hole northerly = 100m

HudBay used better assaying.
Lee matched the hatch using, neutron activation.
Immediately after, switches to, 4 acid.

Where did Lee go to next ?
Manatoba Nickel.
I wonder who owns that...lol
Wasn't this where HudBay had nickel mines and refinery ?
Hello.

What about Lee's Silver Elephant and, Oracle ?
Do some research on that.

2012 MET tests = fusion.
Again, revealing all sorts of other minerals.

Most all assaying there after, 4 part acid.

UG Mine = high grade + exotics

2017 promised to go back to East zone - deep intercepts
did they ?   lol

If main Wellgreen is leased, was it renewed in 2021 ?
Or.... lapsed allowing Quill sprawl / overreach ?

I'd say, main ug mine is not included in, 2023 resource.
Pits are too shallow.


Recent West Zone drill intercept images show, 
Thick, Dunire + Peridotite but only sulphide measured.
2015 image shows 511m intercept including dunite / peridotite.

Belleterre -  Crown owned mine - not allowed back in - Wellgreen.
Park sprawl, Quill sprawl, practical entitlement, 86% resource loss.

- McKinsey Report
- Govt's control resources
- Hoard Resources
- No guarantee markets will exist
- 200 stake holders
- Clever use of, enviro cards.
- Govt's partner with first nations
- Only, Fed, Provincial + First Nations discuss lands / minerals in, Yukon.
= stacked against shareholders.
= are shareholders seeing undermined Wellgreen value - being squeezed out ?



Yukon is a diff breed.



Press May 08 2014

Absence of Post-Tax Analysis in the 2012 Wellgreen PEA

The Company notes that the 2012 Wellgreen PEA did not include an analysis of after-tax economics as required under NI 43-101. Accordingly, the Company provides the following summary of the tax environment in the Yukon for the Wellgreen project. Generally speaking, applicable taxes for mining in the Yukon Territory currently include a 15% federal income tax rate and a 15% territorial income tax rate. Under the Quartz Mining Act, a royalty of up to 12% of profits from mining may also be payable to the Yukon government. Generally speaking, income taxes are applicable to pre-tax cash flow from operations less royalties, capital cost allowance, interest expenses, non-capital carry forward losses and Canadian exploration expenses and Canadian development expenses. Generally speaking, royalties are based on profits minus a number of deductions, including development allowance, depreciation allowance, community and economic development expense allowance, plus other incentives for mining exploration activity.

https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2014/Wellgreen-Platinum-Issues-Clarifying-News-Release/default.aspx


I'd like to see a ressolution.
I feel there have been many negatives that has reduced the value of
Wellgreen.

Shareholders bought out.

If such a course continues,
all it's doing is, suffering the shareholder, junior racking up share dilution,
transferring control to larger players while small shareholders are
compromised with their original buy in price - banks, MM's on the
sidelines waiting for shareholders to sell at a loss while the bank
and or exchange - scoops the spread loss chalks it up as profit.




Cheers...



Be the first to comment on this post