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Transaction Announcement Reports
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Project: | Qiqavik | |
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Deposit: | Qiqavik | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 9/26/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 26-9-2017: Royal Nickel Corp. announces an Exploration/Drilling Update report for its Qiqavik deposit at the Qiqavik project. Summary of exploration carried out on property. IOS Services Géoscientifiques Inc. was instructed by True North Nickel Inc. to pr | |
Resources: | x | |
CP/QP: | [Overall Report]: Clement Dombrowski (IOS Services Geoscientifiques Inc.) | |
ABSTRACT: | IOS Services Géoscientifiques Inc. was instructed by True North Nickel Inc. to prepare an independent Technical Report in compliance with NI 43-101, for their Qiqavik project. Responsibility for the current report is taken by Mr. Clément Dombrowski, professional geologist (OGQ) and Mr. Sylvain Desbiens, professional geologist (OGQ). The Qiqavik property is located in the northernmost part of Nunavik, northern Quebec, approximately 70 kilometres south of the Northern Village of Salluit. The Exploration team was based at camp Chukotat, located approximately 32 kilometres southwest of the Qiqavik property, in the True North Nickel 100% owned West Raglan property. The team accessed the project by helicopter from camp Chukotat on a daily basis. The Qiqavik property comprises 614 contiguous map designated mineral titles covering an area of 24,832 hectares (248 km2 ) distributed in one main block. Five hundred and sixteen (516) claims of the Qiqavik property are 100% held by True North Nickel. Ninetythree (93) mineral titles are 100% held by Les Ressources Tectonic, and True North Nickel entered into an exclusive option to acquire 100% undivided legal and beneficial interest in these 93 mineral titles. Five (5) mineral titles are 100% collectively held by Wayne Holmstead and Geotest Corp, and True North Nickel entered into an exclusive option to acquire 100% undivided legal and beneficial interest in these 5 mineral titles. True North Nickel confirmed to the authors that exploration expenditure requirements under the option agreements have been met, and anniversary option payments are up to date. | |
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