Tartisan Nickel (CSE:TN, OTC:TTSRF) has used time-domain electromagnetics (TDEM) to hone in on two conductive features located approximately 2.5 kilometers north of the main Kenbridge Nickel Deposit. Each conductive feature extends more than 400 meters in strike length - Tartisan has dubbed this new target ‘Kenbridge North’ as it sits on strike to the north from the main Kenbridge Deposit.
Tartisan has commenced drilling at the Kenbridge North Target at its 100% owned Kenbridge Project in NW Ontario, Canada. Tartisan plans to begin by testing the ‘KN1 Anomaly’ at Kenbridge North with three diamond drill holes (a total of ~1,500 meters) in this phase of drilling.
The Kenbridge North target is interpreted to represent similar rock types that host the Kenbridge Deposit. Combined with the EM signature this is a high priority drill target similar to the Kenbridge deposit model. Previous shallow historical drilling from the 1950's intersected gabbro host rocks with disseminated sulphide. The current TDEM survey indicates that the KN1 Anomaly represents a stronger conductor than historical drilling had suggested.
The following graphic provided in this morning's news release illustrates the 3 proposed drill holes targeting the KBN1 conductor (red plates):
At the Main Kenbridge Deposit hole KB21-204 has been completed with assays pending. Hole KB21-205 was completed to a depth of 1179 meters and intersected the gabbro pyroxenite host rock approximately 150 meters north of KB21-204. Hole KB21-206 is in progress and is targeted to test the gabbro pyroxenite host rocks between KB21-204 and KB21-205.
I also expect a PEA from Tartisan by the end of the year. Tartisan offers one of the few low CAPEX nickel-sulphide opportunities in a good mining jurisdiction. The combination of an updated PEA showing a significantly larger resource at Kenbridge, plus the potential for a new discovery at Kenbridge North make Tartisan an attractive speculation at the current share price (US$38 million market cap).
Disclosure: Author owns Tartisan Nickel Corp. shares at the time of publishing and may choose to buy or sell at any time without notice. Author has been compensated for marketing services by Tartisan Nickel Corp.
DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
