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Tartisan Nickel Corp. Completes Acquisition of Sill Lake Silver-Lead Property, Sault Ste. Marie Mining Division, Ontario
TORONTO, CANADA / ACCESSWIRE / June 17, 2019 / Tartisan Nickel Corp. (CSE: TN, US-OTC-TTSRF FSE: A2D) ("Tartisan", or the "Company") is pleased to announce that
About this update from Tartisan Nickel Corp.
[{"type":"text","content":"TORONTO, CANADA / ACCESSWIRE / June 17, 2019 / Tartisan Nickel Corp. (CSE: TN, US-OTC-TTSRF FSE: A2D) (\"Tartisan\", or the \"Company\") is pleased to announce that the Company has closed the acquisition of the past-producing Sill Lake Silver-Lead property, Vankoughnet Twp, Sault Ste. Marie Mining Division, Ontario. The Sill Lake acquisition includes 13 single-cell mining claims and four boundary-cell claims that total some 372.8 hectares. Lead-zinc-silver mineralization was discovered at Sill Lake in 1892; since that time sufficient works have been completed so as to define a (historical) measured and indicated resource of 112,751 tonnes of 134 g/t silver, 0.62% lead, and 0.21% zinc. A 60 g/t cutoff for silver was used, with no cutoff used for base metals content. Some 7,000 tonnes was exploited from the Sill Lake Project to produce a lead-silver concentrate which was sold to nearby smelters. Consideration for the acquisition paid to the Vendor, Klondike Bay Resources, comprised a cash payment of C$15,000; the issuance of 700,000 shares and a 2% net smelter royalty. One percent of the net smelter return may be repurchased by Tartisan Nickel Corp for $250,000.00. Tartisan CEO Mr. Mark Appleby noted, \"The Sill Lake Silver-Lead Deposit joins the Kenbridge Nickel-Copper-Cobalt Deposit in the Tartisan portfolio as brownfield development projects with excellent greenfield exploration potential.\" Tartisan will now move to visit the Sill Lake Silver-Lead Project to take confirmation samples of exposed vein material as well as surface structural mapping and evaluation of surface infrastructure. In addition, the Company is reviewing an opportunity to evaluate surface and shallow mineralization across the entire Sill Lake property as part of a satellite-based spectral analysis targeted to silver-lead mineralization. About Tartisan Nickel Corp. Tartisan Nickel Corp is a Canadian mineral exploration and development company which owns 100% of the Kenbridge Nickel-Copper-Cobalt Project in Ontario holding historical resources of 97.8 million lbs of nickel and 47 million pounds of copper. As well, the Company owns 100% of the Sill Lake Silver-Lead Deposit, holding historical resources of 0.485 million ounces of silver; 1.5 million lbs of lead, and 0.5 million lbs of zinc. In addition, the Company owns a 100% stake in the Don Pancho Zinc-Lead-...