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Fjordland and Commander Announce Agreement on South Voisey's Bay Nickel Project02.10.2014 | 15:30 Uhr | Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Oct. 2, 2014) - Fjordland Exploration Inc. (TSX VENTURE:FEX) has executed a Memorandum of Understanding ("MOU") with Commander Resources Ltd. ("Commander") whereby Fjordland has been granted an option to earn a 70 percent undivided interest in Commander's 100 percent owned South Voisey's Bay nickel-cobalt project. This large, 180 square kilometre project is located in central Labrador, 80 kilometres south of the 6,000 tonnes per day mine/concentrator operated by Voisey's Bay Nickel Company Ltd., a subsidiary of Vale S.A.
Upon completion of a positive feasibility study, Fjordland will issue a further 1,250,000 common shares to Commander. Commander will be the initial operator. Fjordland has the option to become operator upon assuming a majority interest. Commander announced on September 30, 2014 that they had acquired by staking additional mineral claim units and thereby nearly tripling mineral tenure to a total of 713 claim units encompassing 178 square kilometres. The MOU has established a 3 kilometre Area of Interest. Richard C. Atkinson, P.Eng., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. About Fjordland Exploration Inc. Fjordland Exploration Inc. is a mineral exploration company historically focused on the discovery of copper and gold deposits in British Columbia. Fjordland currently has a portfolio of 18 properties in British Columbia. The principal project is the Dillard Project which is subject to an Option Agreement with Sumac Mines Ltd.(Sumac) an affiliate of Sumitomo Metal Mining.Sumac may earn a 51% interest in the project by expending $3,500,000 over a 3 year period. Fjordland is the operator. Fjordland's shares trade on the TSX Venture Exchange under the symbol "FEX". For further information visit Fjordland's website at www.fjordlandex.com. On behalf of the Board of Directors, Richard C. Atkinson President & CEO Neither the TSX Venture Exchange nor its Regulation Services (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. (1)The Nain-Churchill Boundary and the Nain Plutonic Suite & Regional Perspective on the Geologic Setting of the Voisey's Bay Ni-Cu Deposit. Economic Geology June 2000 V.95 (2)Voisey's Bay and the Nickel Potential of Labrador. A Summary for the Non-Specialist. Current Researcy (2003) Newfoundland Department of Mines and Energy, Geological Survey Report 03-1. (3)The Pants Lake Intrusions, Central Labrador, Geology, Geochemistry and Magmatic Ni-Cu-Co Sulphide Mineralization. Newfoundland Labrador Natural Resources Geologial Survey 2012, Report 12-02. Contact Fjordland Exploration Inc. 604.893.8365 604.669.8336 (FAX) info@fjordlandex.com www.fjordlandex.com Dieser Artikel stammt von Rohstoff-Welt.de
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