QUEBEC – Toronto’s RNC Minerals says its 68%-owned subsidiary True North Nickel, holder of the Qiqavik copper-gold and West Raglan nickel-copper properties in the northern part of the province, has entered into a letter of intent with Focused Capital Corp. to spin out TNN via a reverse takeover of Focused.
Both properties are located in the west central part of the Cape Smith belt, home of Glencore’s Raglan copper-nickel mine. The 2016 exploration program led to the discovery of two new high grade gold-copper occurrences at Qiqavik mineralized trend that stretches 40 km. Prospecting at West Raglan in 2015 found three new high grade discoveries at the surface.
Location of Qiqavik and West Raglan projects in the Cape Smith belt, Quebec.
True North Nickel has also acquired options to earn a 70% interest in both the Jones-Keystone-Loflin and Landrum-Faulkner gold properties in South Carolina. Please see www.RNCminerals.com for more information.