Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC, FSE: 8TA) (“Tartisan”, or the “Company”) is pleased to provide the next steps for the Company’s newly acquired nickel assets.
Tartisan’s principal assets now include the Kenbridge Nickel-Copper-Cobalt Project near Kenora, Ontario and the Alexo-Kelex Nickel Project near Timmins, Ontario. These nickel assets join the Company’s significant equity holding in Eloro Resources Ltd. (Gold-Silver), the Don Pancho (Zinc-Lead-Silver-Manganese) Project and the Ichuna (Copper-Silver) Project located in Peru.
The Kenbridge nickel-copper-cobalt project hosts an Indicated Resource of 3.7 MM tonnes at 0.64% nickel and 0.34% copper in a mineralized body with drilled dimensions of 250m along strike and to a depth of 823m. A Preliminary Economic Assessment (“PEA”) filed by Canadian Arrow Mines Limited in 2008 suggests a production solution of 2,800 tonnes per day from surface and underground using the existing 623m four-compartment shaft.
The Tartisan development strategy for the Kenbridge Project is initially three-pronged:
“We are accelerating the understanding of the Kenbridge Nickel-Copper-Cobalt Project”, said Tartisan CEO Mark Appleby, “because we believe that the PEA filed in 2008 mitigates the bulk of discovery risk and much of the developmental risk such that we want to ensure that a fast-track to development is in place for both technical endeavor and regulatory permitting.”
“For the Alexo-Kelex Nickel Project, Tartisan is assimilating the geological and geophysical data to determine whether a continuation of the small volume bulk sample mining of the Alexo Sector and the Kelex Sector, started by Canadian Arrow Mines Limited is feasible technically, and within relevant regulations as regards to bulk sampling and environmental remediation of past works”.
Canadian Arrow Mines Limited shipped about 30,000 tonnes of 1.3% nickel to a local mill for metallurgical analysis and processing in 2004 to 2005 from the Alexo-Kelex Nickel Project.
Additionally, at the Don Pancho Zinc-Lead-Silver-Manganese Project in Peru, negotiations are ongoing with consultants that specialize in community relations and environmental compliance as the Company gears up for a bulk sample and surface drilling program at Don Pancho.