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     133  0 Kommentare Canadian North Resources Inc. Reports Operational and Financial Results for the Year Ended December 31, 2023

    2023 Operational and Project Highlights:

    • The Company raised over $17 million for exploration, with cash and cash equivalents of $5,540,312 at the year end
    • Completed aggressive exploration programs with 21,126 meters in 47 holes drilled in 2023.
    • Adding results of 39,270 meters in 145 holes of new diamond drilling to the project database for the updated Mineral Resources estimation reported in Q1 2024, which includes:

      • A 172% increase of Indicated Mineral Resources to 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t.
      • 80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt.
      • Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 40Mlb cobalt at 0.07%, 1.12Moz palladium at 1.43 g/t and 0.21Moz platinum at 0.25 g/t.

    TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company”, TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce the operational and financial results for the year ended December 31, 2023.

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    ”We have achieved an important milestone for the Ferguson Lake base metal (nickel, copper, cobalt) and PGM (palladium and platinum) Project (“the Ferguson Lake Project”),” said Dr. Kaihui Yang, the President & CEO. “The Company raised over $17 million, accomplished aggressive exploration programs; added 39,270-meter drilling results to the database, and retained SRK Consulting and Ronacher McKenzie Geoscience to update the Mineral Resources estimation and 43-101 compliant Technical Report. We have received the statement of the updated Mineral Resources (Figure 1) that demonstrates the Ferguson Lake project is one of the highest-grade and largest undeveloped critical mineral projects in North America (Refer to the press release “Canadian North Resources Reports Substantial Increase of Copper, Nickel, Cobalt, Palladium and Platinum NI 43-101 Compliant Mineral Resources for its 100% owned Ferguson Lake Project in Canada” dated March 19, 2024, available on the Company’s website and Sedar+. The technical report on the resource estimates, which is being prepared in accordance with National Instrument 43-101 (“NI 43-101”), will be available on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile within 45 days.) The effective date of the current Mineral Resource Statement is March 19, 2024.)”.

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    Canadian North Resources Inc. Reports Operational and Financial Results for the Year Ended December 31, 2023 2023 Operational and Project Highlights: The Company raised over $17 million for exploration, with cash and cash equivalents of $5,540,312 at the year end Completed aggressive exploration programs with 21,126 meters in 47 holes drilled in 2023. …