https://www.miningweekly.com

Fort St James to buy property in Bathurst mining camp

24th May 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Exploration company Fort St James Nickel on Friday announced a letter of intent agreement to buy a base and precious metal property in the Bathurst mining camp, in northern New Brunswick.

The Nepisiguit project, located about 30 km southwest of the city of Bathurst, borders the Heath Steele property of Trevali Mining.

Fort St James said that diamond drilling by a private company had intersected semi-massive sulphides (pyrite) and magnetite iron formation. The company reported that it was sampling this core for gold assay and multi-element, including copper, lead, zinc and silver, analysis.

Further, Fort St James announced that it had arranged a nonbrokered private placement of up to $250 000 in flow-through financing, priced at C$0.25 a unit,  and up to $270 000 in non-flow-through financing, priced at C$0.18 a unit.

Shares in the explorer rose 8.7% on Friday, closing at C$0.25 a share.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION