MANITOBA - The board of Toronto-based VICTORY NICKEL has approved the ordering of mining equipment with long lead-times for its 100%-owned Minago nickel development, 225 km south of Thompson.
The company is looking first at a gyratory crusher, open pit mining fleet, and SAG and ball mills, as well as a transformer for the site. Last month it commissioned OUTOTEC (USA) to prepare a feasibility-level study for a frac sand processing plant at the project.
Victory Nickel expects the definitive feasibility study to be completed in November 2008. The last 43-101 report estimated a total measured and indicated resource of 49.1 million tonnes averaging 0.516% Ni and an inferred resource of 44.1 million tonnes averaging 0.5285 Ni. The deposit may contain over a billion pounds of nickel in situ.
Maps and additional press releases are posted at www.VictoryNickel.ca.
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