Nitinat Updates Carscallen Gold Property
March 05 2018 - 9:22PM
Nitinat Minerals Corp. (the “Corporation”) (TSX VENTURE:NZZ)
(FRANKFURT:04U1) is pleased to announce that it has retained a
local contractor in Timmins, Ontario to commence a work program on
its 100% owned Carscallen gold property (the “Property”) located in
Northern Ontario. The Property is located 25 kilometres west of
Timmins and seven kilometres north of the Tahoe Resources Inc. West
Timmins mine, which produced an aggregate of 185,600 ounces in
2014.
The Property is a strategically located covering
a prospective package of mafic and felsic volcanic rocks similar to
those which host the Porcupine mining camp. The Property hosts a
quartz-carbonate-sericite alteration zone that is exposed for 91
meters across strike and at least 152 meters along strike. No
significant work has been conducted on the property since the
program of stripping 2008. It is anticipated that state-of-the-art
geophysical surveys will be conducted on the project to evaluate
the Property’s potential at depth and along strike and further
examine the extent of known mineralization. Subject to favourable
results from the initial geophysical program a follow-up program of
diamond drilling would be conducted.
Herb Brugh, President of the Corporation, stated
“The Corporation continues to add attractive prospective properties
to its portfolio. With the addition of the Carscallen property, the
Corporation is expanding into Ontario and into the highly prolific
Porcupine belt. The Corporation’s goal is to be opportunistic and
acquire appealing properties at excellent valuations. Nitinat’s
team is very excited about the prospects of the Property and for a
relatively modest exploration program we believe we can quickly
identify the potential of the Carscallen Property, offering our
shareholders additional discovery opportunities.”
Corporation contact:
Herb Brugh, President and DirectorTel:
416.216.0964
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Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward looking statements contained in this release. Nitinat
cannot assure investors that actual results will be consistent with
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to update or revise the forward-looking statements contained in
this release to reflect actual events or new circumstances.
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