NASDAQ OMX

Nitinat Updates Carscallen Gold Property

Dela

TORONTO, March 05, 2018 (GLOBE NEWSWIRE) -- Nitinat Minerals Corp. (the "Corporation") (TSX VENTURE:NZZ) (FRANKFURT:04U1) is pleased to announce that it has retained a local contractor in Timmins, Ontario to commence a work program on its 100% owned Carscallen gold property (the "Property") located in Northern Ontario. The Property is located 25 kilometres west of Timmins and seven kilometres north of the Tahoe Resources Inc. West Timmins mine, which produced an aggregate of 185,600 ounces in 2014.

The Property is a strategically located covering a prospective package of mafic and felsic volcanic rocks similar to those which host the Porcupine mining camp. The Property hosts a quartz-carbonate-sericite alteration zone that is exposed for 91 meters across strike and at least 152 meters along strike. No significant work has been conducted on the property since the program of stripping 2008. It is anticipated that state-of-the-art geophysical surveys will be conducted on the project to evaluate the Property's potential at depth and along strike and further examine the extent of known mineralization. Subject to favourable results from the initial geophysical program a follow-up program of diamond drilling would be conducted.

Herb Brugh, President of the Corporation, stated "The Corporation continues to add attractive prospective properties to its portfolio. With the addition of the Carscallen property, the Corporation is expanding into Ontario and into the highly prolific Porcupine belt. The Corporation's goal is to be opportunistic and acquire appealing properties at excellent valuations. Nitinat's team is very excited about the prospects of the Property and for a relatively modest exploration program we believe we can quickly identify the potential of the Carscallen Property, offering our shareholders additional discovery opportunities."

Corporation contact:

Herb Brugh, President and Director
Tel: 416.216.0964

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Nitinat is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Nitinat cannot assure investors that actual results will be consistent with these forward-looking statements and Nitinat assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.

 




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nitinat Minerals Corp. via Globenewswire

Om

NASDAQ OMX
NASDAQ OMX



Följ NASDAQ OMX

Abonnera på våra pressmeddelanden.

Senaste pressmeddelandena från NASDAQ OMX

Minimize the Impact of an Infrastructure Disaster with Integrated Asset Planning and Optimization21.6.2018 20:37Pressmeddelande

ATLANTA, June 21, 2018 (GLOBE NEWSWIRE) -- PowerPlan, a leader in asset investment optimization software, has released a new white paper titled, "Are you prepared to stop a large infrastructure disaster from also becoming a financial disaster?" The white paper highlights the impact of limited capital on infrastructure disaster relief, and offers solutions to minimize the impact with holistic asset plans. Sourcing the American Society of Civil Engineers, the paper states that the infrastructure in the United States has been rated a D+, showing no improvement from 2013. "All organizations hope that they can avoid asset failures from happening to their infrastructure. However, most don't have solutions in place that enable them to effectively plan their asset investment needs to prevent those failures," said Dillon Blakes, Senior Product Manager at PowerPlan. "With this paper, we hope to help educate asset intensive organizations, like those in the public sector, utilities, oil and gas, e

Shyft Unveils Board of Advisors Comprised of Top Crypto, Industry, and Regulatory Leaders United to Redefine Identity, Regulatory Compliance and Privacy For All21.6.2018 20:18Pressmeddelande

St. Michael, Barbados, June 21, 2018 (GLOBE NEWSWIRE) -- Shyft, a leading blockchain-based solution that is building a trusted ecosystem to enable secure and private data transfers, has announced its high profile Board of Advisors. Shyft's inaugural group of advisors bring deep industry knowledge from international business and finance, blockchain, economics, and Know Your Customer (KYC) and Anti Money Laundering (AML) compliance. The Board of Advisors will play a critical role in providing strategic guidance across multiple dimensions in Shyft's mission to make the global economy more efficient and effectively regulated. Shyft International Chairman Joseph Weinberg says: "At Shyft, we are ambitiously working to redefine the broken way our world uses and thinks about data, the same data that today defines our identity. Our group of advisors understand the dire need for a new system that allows attested data to not only be shared securely and privately, but also a system that can help b

United Shore Selects VITEC's EZ TV IPTV & Digital Signage Platform for New Headquarters21.6.2018 19:00Pressmeddelande

SUNNYVALE, Calif., June 21, 2018 (GLOBE NEWSWIRE) -- VITEC, a worldwide leader in advanced video encoding and streaming solutions, today announced that it has been chosen by United Shore to provide high-definition (HD), ultra-low-latency IP streaming and digital signage capabilities throughout the mortgage lender's new corporate headquarters in Pontiac, Michigan. Designed to seamlessly integrate with any IT environment and run on LAN, WAN, or wireless networks, the EZ TV Platform will provide United Shore with a secure, scalable, and cost-effective way to distribute a comprehensive lineup of TV channels and signage to more than 150 displays around the company's new 600,000-square-foot building over its IP infrastructure, and without the cost of installing RF cabling. Providing its more than 2,400 employees with valuable company information and essential television content, the new EZ TV Platform will be part of the company's initiative to create a dynamic and collaborative work environ

SEMAFO Announces Retirement of VP, Exploration & Mine Geology; Announces Geology Team Succession21.6.2018 17:24Pressmeddelande

MONTREAL, June 21, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF) announces the retirement of Mr. Michel Crevier as Vice-President, Exploration and Mine Geology and Qualified Person, effective June 30, 2018. Mr. Crevier will remain available to the Corporation on a consulting basis. As part of Mr. Crevier's succession plan, Richard Roy, who is currently exploration manager, will be promoted to Vice-President, Exploration. Furthermore, François Thibert, manager of the reserves and resources estimation group, will assume the role of Qualified Person in addition to managing mine geology activities. Retirement of Michel Crevier Michel Crevier joined SEMAFO in 2006 and has held the position of Vice-President, Exploration and Mine Geology and Qualified Person since 2010. With over 30 years of experience in exploration and mine geology, he successfully led the Corporation's exploration programs in Burkina Faso, Niger and Guinea. Benoit Desormeaux, President and CEO of SEMAFO, commen

Aino Health AB (publ): Aino HealthManager is live with ArcelorMittal21.6.2018 15:02Pressmeddelande

Aino Health's IT platform HealthManager has gone live to support ArcelorMittal's operations in Neuwied, Germany. This is a joint implementation project with ArcelorMittal and Aino Health that is comprised of process definition, technical IT integration, training of management as well as communications. - Aino Health has now proven that its solutions are fit for the German market, and we expect significant results both from ArcelorMittal and next customers who are also planned to go live soon, says Peter Seeger, Managing Director at Aino Health GmbH. For more information: Peter Seeger, Managing director, Aino Health Germany GmbH Phone: +49 1511 6949 184. E-mail: peter.seeger@ainohealth.com www.ainohealth.com About Aino Health (publ) Aino Health is the leading digital solutions and process provider in Corporate Health Management. The company's complete system of platforms and services reduces sick leave, related costs and deliver long term prosperity, increased productivity and employee

Aino Health AB (publ): Aino HealthManager implementerat hos ArcelorMittal21.6.2018 15:02Pressmeddelande

Aino Healths IT-plattform HealthManager har gått live för att stödja ArcelorMittals verksamhet i Neuwied, Tyskland. Detta är ett gemensamt implementationsprojekt av ArcelorMittal och Aino Health som består av processdefinition, teknisk IT-integration, utbildning av ledning samt kommunikation. - Aino Health har nu bevisat att dess lösningar passar den tyska marknaden och vi förväntar oss betydande resultat både från ArcelorMittal och kommande kunder som också planeras att gå live snart, säger Peter Seeger, VD för Aino Health GmbH. För mer information: Peter Seeger, VD, Aino Health Germany GmbH Tel: +49 1511 6949 184 eller e-post peter.seeger@ainohealth.com www.ainohealth.com Om Aino Health (publ) Aino Health är den ledande leverantören av digitala lösningar och processverktyg inom Corporate Health Management. Företagets kompletta system av plattformar och tjänster minskar sjukfrånvaron, sänker relaterade kostnader och förbättrar affärsresultat genom ökad produktivitet och engagemang hos

I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.

Besök vårt pressrum