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Scandium International Mining Corp T.SCY


Primary Symbol: V.SCY Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The Company has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The Company's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.


TSXV:SCY - Post by User

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  • northmarkX
Post by northmarkon Nov 29, 2022 8:57am
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Post# 35136127

News

News

RENO, NV / ACCESSWIRE / November 29, 2022 / Scandium International Mining Corp(TSX:SCY("Scandium International" or the "Company") is pleased to provide an update on its drilling programs at both of its deposits in New South Wales (NSW), Australia. The drilling program has been planned for several years and is now possible because of the successful equity raise earlier this year. The drilling is planned to take place in the first quarter of 2023 because of the excessive rainfall in the last two months.

NYNGAN

A 12 hole program is planned at Nyngan; 10 holes on ML 1792 and the remaining two on EL 8316. All of this work is on the western extremity of the existing Nyngan resource and should add further higher grade Scandium resource to the project. With the resource approximately 20 meters below surface, a total of 500 metres of drilling is planned at Nyngan.

HONEYBUGLE

There are a total of six anomalies at Honeybugle and the drilling program is planned to better understand two of the anomalies at Honeybugle - Woodlong and Seaford. Woodlong exploration, which we believe to be the most prospective, will involve 27 holes which will follow up on earlier higher grade results. At Seaford, six holes will be drilled, with the goal to delineate any extension of earlier promising results. A total of 800 metres of drilling is planned at Honeybugle which is also a shallow deposit.

The NSW Government has confirmed that the Honeybugle exploration license has been approved for renewal for a further 6 years.

For inquiries to Scandium International Mining Corp, please contact:

Peter Evensen (CEO)
Tel: (702) 703-0178

Harry de Jonge (Comptroller)
Tel: (702) 703-0178

Email: ir@scandiummining.com

This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include but are not limited to statements regarding the Offering, the use of proceeds, and closing of the final tranche of the Offering. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

SOURCE: Scandium International 

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