Vulcan Minerals Inc. (TSXV:VUL) announced that it has acquired Nortec Minerals Corp’s 51% working interest in the Tasisuak Lake property in northern Labrador.
As quoted in the press release:
The Tasisuak Lake Nickel/Copper/PGE property is situated approximately 50 km northwest of the Voisey’s Bay Nickel/Copper mine. Previous work on the property included shallow drilling with encouraging results of up to 14 metres of 1.02% Nickel, 0.51% Copper, 0.03% Cobalt, 0.12% Chromium and 0.35 g/t Platinum Group Elements plus Gold. Many geophysical targets and surface showings remain untested. The mineralization occurs in noritic intrusive rocks within the Tasiyuak gnesis marginal to the Nain Plutonic Suite. The Company plans to commence a detailed compilation and integration of all previous work towards soliciting a joint venture partner and formulating a priority set of drilling targets. The proposed acquisition is subject to TSX Venture Exchange approval.