Tartisan Files Enhanced Disclosure and (Amended) Technical Report and Updated Mineral Resource Estimate of the Kenbridge Nickel Project, Kenora Mining District, Ontario
44 Victoria Street, Suite 1102, Toronto, ON M5C 1Y2 Canada
PRESS RELEASE: FOR IMMEDIATE RELEASE
TARTISAN FILES ENHANCED DISCLOSURE AND (AMENDED) TECHNICAL
REPORT AND UPDATED MINERAL RESOURCE ESTIMATE OF THE KENBRIDGE
NICKEL PROJECT, KENORA MINING DISTRICT, ONTARIO
Toronto, Canada, June 1, 2021 – Tartisan Nickel Corp. (CSE:TN, FSE:A2D, OTC:TTSRF)
(“Tartisan”, or the “Company”) announces that the Company has filed on SEDAR (Amended)
Technical Report and Updated Mineral Resource Estimate of the Kenbridge Nickel Project,
Northwestern Ontario. The Company has Updated the Report to revise certain disclosure and to
include the recent Kenbridge Property visit by representatives of P&E Mining Consultants Inc.
which took place on May 18, 2021 as well as the recent Crone Geophysics winter work program.
The Company has retracted at the request of the staff of the Ontario Securities Commission the
“aged” Kenbridge Preliminary Economic Assessment “PEA” information (originally filed on
SEDAR 2008 and amended 2010 by Canadian Arrow Mines Limited) from the Technical
Report.
Kenbridge Nickel Project
As outlined in the (Amended) Technical Report and Updated Mineral Resource Estimate,
resource estimates were done for pit constrained and out-of-pit nickel, copper, and cobalt
Mineral Resources. Total Measured & Indicated Mineral Resources based on a Net Smelter
Return (“NSR”) cut-off value of CDN$15 per tonne for pit constrained Mineral Resources and
CDN$60 per tonne “NSR” for out-of-pit Mineral Resources is 7.47 Mt at 0.6% Ni and 0.32%
Cu for a total of 95 Mlb of contained nickel. An additional 0.99 Mt at 1.0% Ni and 0.62%
Cu (22 Mlb contained nickel) were calculated as Inferred Mineral Resources. The pit
constrained Measured & Indicated Mineral Resources total 5.24 Mt of 0.5% nickel; 0.26%
copper; and 0.009% cobalt at an “NSR” cut-off value of CDN$15/tonne. The out-of-pit
Measured & Indicated Mineral Resources total 2.23 Mt of 0.9% nickel; 0.45% copper; and
0.006% cobalt. Inferred Mineral Resources out-of-pit total 0.99 Mt at 1.00% nickel; 0.62%
copper; and 0.003% cobalt, at an “NSR” cut-off value of CDN$60/tonne.
The Kenbridge Nickel Project is located in the Kenora Mining District – Fort Francis, Ontario
area with good access to roads and power. Kenbridge has an existing shaft to a depth of 2,042
ft (622 m), with level stations at 150 ft. (45 m) intervals below the shaft collar and two levels
developed at 350 ft (107 m) and 500 ft (152 m) below the shaft collar.
Mineral Resource Estimate is shown in Table 1.
TABLE 1
KENBRIDGE MINERAL RESOURCE ESTIMATE (1-6)
Scenario Class-
ification
Cut-off
NSR C$/t
Tonnes
(M)
Ni
(%)
Ni
(M lb)
Cu
(%)
Cu
(M lb)
Co
(%)
Co
(M lb)
Pit
Constrained
Measured 15 2.966 0.5 30.8 0.26 17.3 0.007 0.5
Indicated 15 2.270 0.4 21.5 0.26 13.2 0.010 0.5
Meas + Ind 15 5.236 0.5 52.3 0.26 30.5 0.009 1.0
Out-of-pit
Indicated 60 2.232 0.9 42.5 0.45 22.4 0.006 0.3
Inferred 60 0.985 1.00 21.8 0.62 13.5 0.003 0.1
Total
Measured 15 2.966 0.5 30.8 0.26 17.3 0.007 0.5
Indicated 15+60 4.502 0.7 64.1 0.36 35.6 0.008 0.8
Meas + Ind 15+60 7.468 0.6 94.9 0.32 52.9 0.008 1.3
Inferred 60 0.985 1.0 21.8 0.62 13.5 0.003 0.1
Note: Ni =Nickel Cu = Copper, Co = Cobalt, NSR = Net Smelter Return.
1. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability.
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-
political, marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral
Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral
Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum
(“CIM”), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Guidelines (2019) prepared by the CIM
Standing Committee on Reserve Definitions and adopted by the CIM Council.
5. The Mineral Resource Estimate was based on US$ metal prices of $7.42/lb nickel, $3/lb copper and $25/lb cobalt.
6. The out-of-pit Mineral Resource grade blocks were quantified above the $60/t NSR cut-off, below the constraining pit shell
and within the constraining mineralized wireframes. Additionally, only groups of blocks that exhibited continuity and reasonable
potential stope geometry were included. All orphaned blocks and narrow strings of blocks were excluded. The longhole stoping
with backfill mining method was assumed for the out of pit Mineral Resource Estimate calculation.
The Kenbridge Deposit shows there is great potential to expand the Mineral Resource
down- plunge of high- grade intersections such as hole KB07-180 (2.95% Ni, 0.82% Cu /
21.5m including 7.2% Ni, 0.67% Cu / 5.5m) and also at depth. The deepest hole (end of hole
K2010 = 880 m below surface) intersected mineralization grading 4.25% nickel and 1.38%
copper over 10.7 ft (3.3 m), indicating that the Deposit remains open at depth.
The Company recently performed a surface Time Domain Electromagnetic (“TDEM”) survey at
Kenbridge North, 2.5km to the north of the Kenbridge Deposit, as well as borehole geophysics at
the known Kenbridge Deposit. The Kenbridge North target is interpreted to represent similar
rock types that host the Kenbridge Deposit. (Press release May 5, 2021). Results of the borehole
“TDEM” survey conducted on historic drill holes KB07-180 and KB07-194 at the Kenbridge
Deposit, suggest that conductive material does in fact continue to depth and to the north of
Kenbridge Deposit.
Tartisan Nickel Corp. plans to expand on these intersections, upgrade the Indicated and
Inferred Mineral Resources and test high potential nickel exploration targets, such as the
Kenbridge North Target.
Figure 1: Regional Geology and Tartisan land position. KBN1 and KBN2 are electromagnetic conductors
identified from a recent ground survey.
P&E Mining Consultants Inc. is in the process of completing a Preliminary Economic
Assessment technical report (“PEA”) on the Kenbridge Project (press released February 2,
2021). The “PEA” will identify the critical next steps the Company needs to take to move the
Kenbridge Deposit towards a Feasibility Study including permitting, geotechnical,
environmental, and geological considerations.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose
flag ship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ont ario.
Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don
Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. also owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and
Technologies Limited, Peruvian Metals Corp. and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN;
US-OTC:TTSRF; FSE:A2D). Currently, there are 104,333,606 shares outstanding (110,358,714
fully diluted).
For further information, please contact Mark Appleby, President & C EO and a Director of the
Company, at 416 -804-0280 ([email protected]). Additional information about Tartisan
Nickel Corp. can be found at the Company’s website at www.tartisannickel.com or on SEDAR
at www.sedar.com.
Dean MacEachern P.Geo. and Eugene Puritch, P.Eng, FEC, CET are the respective Company
and independent Qualified Persons under NI 43-101 and have read and approved the technical
content of this News Release.
This news release may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. 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 Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor
disapproved of the contents of this press release.